Clean Power Alliance signs PPA with EDF Renewables North America

EDF Renewables North America (EDFR) has reportedly announced a 15-year PPA (Power Purchase Agreement) with Clean Power Alliance (CPA) for the Desert Quartzite Solar-plus-Storage project. The project comprises a 600 MWh BESS (battery energy....

Apple loosens App Store payment policy for Netflix, Spotify, and others

Apple Inc. will reportedly loosen the App Store payment rules which have banned platforms such as Spotify and Netflix from providing customers with a link to create paid accounts as a way to bypass the company’s in-app purchase commis....

Mercedes-Benz, SSAB to develop fossil-fuel-free steel for automobiles

SSAB intends to reduce the climatic impact of metals used in car-making through this partnership. The aim is to provide the market with fossil-free steel at the commercial level by 2026. Global steel firm SSAB recently revealed that it....

Australia inks vaccine swap deal with Singapore amidst Delta surge

The Australian government has secured a COVID-19 vaccine swap deal with Singapore, for 500,000 doses of the Pfizer jabs to curtail the unrelenting coronavirus infections across the nation. Scott John Morrison, the Prime Minister of Austral....

Ola Electric looking to raise USD 500 million from Falcon Edge, Temasek

Ride-hailing startup Ola has gained immense traction ever since the introduction of its electric scooters in the market. Now, Ola Electric is gearing up for the expansion of its electric vehicle manufacturing business in the South Asian mar....

Korean startup Urbanbase secures USD 11.1 million in Series B+ round

Seoul-headquartered Urbanbase, a company that develops 3D spatial data tools for interior planning and design, announced to have raised USD 11.1 million in a Series B+ round. Hanwha Hotel & Resort, a subsidiary of Hanwha Corporation, le....

Yahoo shuts down news websites due to new FDI regulations in India

Yahoo, a web services company, has reportedly shut down its news websites in India to stay in compliance with the new FDI (foreign direct investment) rules. These new rules limit foreign ownership of the media companies that publish digital....

Western Digital to merge with Kioxia Holdings in a USD 20 billion deal

Western Digital Corp. is in advanced talks about merging with Japan’s Kioxia Holdings Corp. in a deal that could reach a valuation of over USD 20 billion. The companies are expected to reach an agreement as early as mid-September, wit....

FAA to grant USD 35 million to lower airport emission levels in U.S.

The Federal Aviation Administration (FAA) is making a push to reduce airport emissions in the U.S. by allocating around USD 35 million to reduce pollution. Gas burning vehicles and other on-the-ground equipment around airports are known to....

U.S. SEC to impose new regulations on Chinese firms’ IPO disclosures

The United States Securities and Exchange Commission (SEC) is reportedly issuing new disclosure requirements for Chinese companies looking to list on the New York Stock Exchange, to make investors aware of all the risks involved in the inve....