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Robert Solow, Nobelist who tied technology to economic growth, dies at 99

Solow's students over his many years at MIT included Mario Draghi, who would go on to lead the European Central Bank and serve as Italy's prime minister

Tesla buys land for Shanghai battery factory, to make 10K units anually

The Shanghai location is Tesla's second dedicated Megapack factory, following the Lathrop plant in California. Its EV facility in Nevada can also make the Megapack

Adani Green Energy plans to raise $2 billion through debt next year

Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement of debt, offshore bank loans as well as dollar and rupee bonds

Govt plans to expand coal power fleet to meet soaring demand: Report

Coal is likely to account for the lion's share of this expansion, as gas-fired electricity generation is currently unviable due to the high costs of the fuel

China turns up heat on trade with rare earth tech export restrictions

The US is spearheading a drive to reduce China's stranglehold over flows of these minerals, from rare earths to lithium and cobalt.

India could soon be left without an organized political opposition

Just this week, more than 140 opposition lawmakers - two-thirds of the opposition's entire contingent - were suspended

MUFG looking to expand India operations amid economic slowdown in China

Japan's largest lender has been building up its operations in India in recent years. In August last year, it opened a branch in the Gujarat International Finance Tec-City

Rudolph Giuliani files for bankruptcy following $148 mn defamation loss

Chapter 11 protection will give Giuliani time to pursue an appeal of the Georgia lawsuit while providing transparency and fairness for creditors, the lawyers said

Blackstone to buy major stake in Sony Payment Services for $280 mn

Blackstone Inc. will take a majority stake in a payment service provider under Sony Group Corp. for about $280 million, a person familiar with the matter said

US considering hiking tariffs on China EVs, solar products: Report

US is considering raising tariffs on Chinese electric cars and other goods as it tries to limit reliance on Asia's biggest economy and shield its own green industry, the Wall Street Journal reported

EU, UK approve 3-year postponement of tariffs on electric vehicles

The European Union and the UK approved a three-year postponement of tariffs on electric vehicles, giving carmakers more time to make necessary changes to comply with local content requirements

US to gather intelligence on Chinese chipmakers as Biden mulls tariffs

In January, agency's Bureau of Industry and Security will survey more than 100 cos in autos, aerospace, defense and other to understand how they procure, use legacy chips, according to official

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

Warner Bros Discovery in talks to merge with Paramount Global: Report

Both companies have struggled as consumers have canceled cable-TV subscriptions in favor of a new generation of streaming services

X suffers biggest outage since Musk's takeover as over 94k users report it

More than 94,000 users of X had reported issues with the site at 1:41 p.m. Hong Kong time on Thursday, according to Downdetector, which tracks website and service interruptions

Challenging for Apple to live up to $1 trn rally performance in 2024

Such gains in 2024 will be harder to come by. As it looks to arrest four consecutive quarters of declining revenue, the world's most valuable publicly-traded company faces uncertainty in China

Sony, Zee have one-month grace period to complete $10 billion merger

The grace period, as well as the talks on a further deadline extension, are keeping hopes alive for a two-year-old transaction that has already seen ample drama and delays

Wearables: Do you want Mark Zuckerberg snooping around in your closet?

Now companies like Google and Meta have an opportunity to watch our real-world lives through wearables, which could make today's online surveillance business look like something out of the Stone Age

Does Covid prefer gut now? Virus detection in wastewater prompts debate

The evidence is extremely limited and theoretical, and there's no data suggesting that more people are experiencing severe digestive illnesses from Covid

Trump's Colorado ballot fight rallies Republicans before key primaries

The ruling once again illustrates the difficulty that Trump's Republican rivals have had in addressing the former president's legal problems head-on