[ FRANKFURT: Germany delayed this week an interim report about the implications of the lignite exit in its biggest state, fuelling market expectations that the government could choose to let some plants run longer than initially planned. What has happened? Germany agreed in 2022 with its biggest power producer RWE to phase out lignite-fired power … Read more

[ BENGALURU: Alphabet’s early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June, up from a $900 million investment in Elon Musk’s rocket company in 2015. Alphabet has emerged as by far the largest single institutional holder of SpaceX following … Read more

[ MEXICO CITY: Nvidia has revised its plans to support a proposed OpenAI data centre project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Journal said Nvidia and OpenAI … Read more

[ ISLAMABAD: Pak Datacom (PDL) has shifted its satellite-based connectivity to Yahsat, a UAE-based satellite operator, for a major bank and some other institutions, which could pose security challenges to the country. In a letter addressed to the secretary, IT and telecom ministry, former chief executive officer (CEO) of PDL Brig (Retired) Syed Zulfiqar Ali … Read more

[ Govt mulls over setting up development bank, rationalising import and export policies Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema ISLAMABAD: Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema chaired a high-level meeting to oversee major regulatory, operational and financial reforms within the construction sector. The meeting was … Read more