Instead of passing through Egypt’s Suez Canal, hundreds of vessels since mid-December are sailing around South Africa’s Cape of Good Hope — a detour that adds at least a week to the journey between South Asia and northern Europe.
“These stocks are in a very good macro environment,” said Abhay Agarwal, a fund manager at Piper Serica Advisors Pvt. “This will be a big story for the next five years” that can provide multifold returns.
Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by record profits.
As interest in AI surges, so too has scrutiny of the technology's energy intensity and its corresponding burden on data centres and power grids.
Traditional methods of ripping materials out of the ground and refining them for battery backs requires enormous amounts of energy.
China's trade-in plan for electric vehicles aims to boost growth amid trade tensions. The initiative includes upgrading machinery, fiscal support details pending, and a focus on environmental standards and recycling networks.
Arcelormittal Nippon Steel India Ltd., a joint venture between two global steel giants, is in discussions with banks to raise approximately 85 billion rupees (USD 1 billion), possibly the largest local-currency loan this year. Key lenders like State Bank of India, ICICI Bank Ltd., and Axis Bank Ltd. are expected to participate in the syndicated deal, earmarked for capital expenditure. The loan may extend over five years and be linked to a local interest rate benchmark.
A sizable investment by Tesla, on the other hand, will allow Musk to tap India’s booming electric vehicle market and counter slowing demand for EVs elsewhere — a positive spin for the carmaker when Musk speaks on the crucial earnings call Tuesday. Tesla watchers, however, will want to see action on the ground after witnessing delays in previously announced projects such as the massive Mexico plant.
Tesla Chair Robyn Denholm criticized the Delaware Chancery Court's January decision, writing in the proxy that it amounted to second-guessing shareholders who had approved Musk's performance-based award in 2018. Chief Judge Kathaleen St. J McCormick described the company's directors as "supine servants of an overweening master" and said they hadn't looked out for the best interests of investors.
Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's USD 56 billion compensation package after a court voided it earlier this year. The proposal, revealed in a proxy filing on Wednesday, also includes a vote on relocating the company's state of incorporation to Texas from Delaware. Tesla's annual meeting is set for June 13.
The solution lies in the parking lot across the street: 309 Siemens electric vehicle chargers, which power delivery vans built by Rivian Automotive Inc. Making deliveries without tailpipe emissions, and increasing the size of the electric fleet, is among the most straightforward ways Amazon can wipe carbon from its operations.
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