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THE first development phase of the sprawling RM140bil Bandar Malaysia project (pix) will start early next year, according to its master developer.
TOKYO: SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape the semiconductor landscape.
LONDON: Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.
OSLO: BP entered the offshore wind market on Thursday with a US$1.1bil deal to buy 50% stakes in two US developments from Norway’s Equinor, a significant step by the oil firm towards its energy transition goals.
LONDON: Britain is planning to train hundreds of data scientists as part of a new strategy to drive an economic recovery after the COVID-19 pandemic through smarter use of data and technology in policy-making.
NEW YORK: A gauge of global stocks pulled back from a record high on Monday but locked in a fifth straight month of gains while the dollar remained weak as investors adjust to the policy shift outlined by Federal Reserve Chair Jerome Powell last week.
BENGALURU: Indonesian shares fell more than 1% on Monday, weighed down by a surge in new COVID-19 cases and the discovery of a more infectious mutation of the coronavirus in the country as the impact of upbeat Chinese services sector data faded.
FEDERAL Reserve chairman Jerome Powell unveiled a new approach to setting US monetary policy, letting inflation and employment run higher in a shift that will likely keep interest rates low for years to come.