With an $800-plus billion electric vehicle market looming over the horizon by 2027, the idea of charging your zero emission car on-the-go with a solar rooftop is trotting along not far behind. The key challenge is coming up with a system light enough, and efficient enough, to make the whole exercise in direct solar-powered mobility worthwhile. Two companies that claim…
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Parisian Mayor Anne Hidalgo has announced that returning to a city dominated by cars post- pandemic is “out of the question”. A special session was organised by the Paris City Council to look at ways to guide citizens out of lockdown, where Hidalgo emphasised her stance on reducing pollution in the capital. “I say in all firmness that it is…
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WASHINGTON, May 19, 2020— The World Bank Group today announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70% of the world’s population. Since March, the Bank Group has rapidly delivered record levels of support in order to help countries protect the poor and vulnerable, reinforce health systems, maintain the private sector, and bolster…
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The Finance Ministry has reportedly agreed to convert 800 billion rupees parked in Power Holding Private Limited (PHPL) into public debt with a biannual review of the sector’s performance as per a World Bank policy matrix loan condition. Those who may contend that this is reflective of the government’s commitment to reform the sector which is plagued by multifarious issues…
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ISLAMABAD: Minister for Privatisation Muhammad Mian Soomro has warned the government that an inquiry against Independent Power Producers (IPPs) may hamper privatisation of RLNG-fired power plants, well-informed sources told Business Recorder. At a recent meeting of Federal Cabinet, Minister for Privatisation mentioned concerns conveyed by the Financial Advisors to the Privatisation Commission for privatisation of power plants; he further noted…
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LONDON: 14-year-old British Pakistani singer Sirine Jahangir moved millions of people to tears and won four yeses from the judges as she displayed her unique vocals at Britain’s Got Talent show on Saturday night and shared with the audience and judges how she completely lost sight in both eyes but never gave up on life and her passion for music.…
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As Uber embarks on another round of layoffs, CEO Dara Khosrowshahi signaled that the company may be able to avoid more job cuts in the future, but said he can’t make any promises. The company, which has seen its revenue dip by up to 80% amid the COVID-19 pandemic, moved forward with plans to lay off 3,000 workers this week,…
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The Pakistan International Airlines recorded an increase in revenue by 43% in the past year, according to an annual report compiled under the new CEO Air Marshal Arshad Malik, who resumed charge in March this year. The report pertaining to the complete results of the national air carrier was submitted to the Pakistan Stock Exchange today. In the report mentioned…
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The UK has become more attractive to renewable energy investors following the government’s decision to lift its block on financial support for onshore wind and solar projects. New renewable energy capacity hit record levels in 2019Read moreBritain has climbed the rankings of a biannual global survey of investors to take the sixth spot in EY’s “attractiveness index” for renewable energy…
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The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Rusty Hutson Jr, founder and chief executive of US energy firm Diversified Gas & Oil (DGO). In the end, Rusty Hutson Jr couldn’t escape the calling of the family trade. Born and raised in a blue-collar household in the oil and…
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