- April 24, 2024
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Sorry, please use a different browser. Close Bin Salman’s ambitious Neom City project is at risk of disruption… Chinese capital is also ‘frustrated’
Saudi Arabia, which is struggling to raise funds for the construction of its new city of the future, ‘Neom City’, has tried to attract investment from various parts of China, but seems to have failed to achieve any significant results. , the British Daily Mail reported.
Neom City includes ‘The Line’ plan, which will connect buildings 200m wide and 500m high for 170km in the desert near the Red Sea.
However, the cost of the project, initially announced to be 500 billion dollars, or 685 trillion won in Korean currency, has increased to a maximum of 1.5 trillion dollars, or 2055 trillion won.
Bloomberg News, citing sources, recently reported that Saudi authorities have lowered the goal of housing 1 million people in Neom City by 2030 to 300,000.
SQM Lithium Ventures Presented GEN3 Of Its Corporate…
Each of the selected startups will receive a contribution of US$25,000 from SQM Litio, in addition to strategic support for the definition and scaling of their businesses.
SQM Lithium Ventures, corporate venture capital of SQM Litio, in alliance with Endeavor, presented the ten selected startupsfrom among the more than 250 applicants from Chile and other countries, to be part of its third generation, GEN3from the Corporate Acceleration Program
The companies chosen in GEN3 propose innovative solutions to address challenges in the fields of lithium, water and electromobility, each receiving a contribution of US$ 25,000 from SQM Litio, added to strategic support for the definition and scaling of their businesses. .
In addition, they will be able to access subsequent financing through the SQM Lithium Ventures fund, in addition to other instances of economic and strategic support.
Those who will make up this third generation are Tech Binary (Chile), Enaxiom (Australia) and IX Water (United States) vertically agua; Magmatic (Austria), NIU NIU Resources Inc (Mexico), LIS (China), Neu Materials (Singapore) and BioMetallum (Argentina) for the sector Lithium next to RiDERGY GmbH (Germany) and ZeMaq Chile SpA (Chile) by electromovilidad.
“We are proud to have a new generation of entrepreneurs,
Market Mixed: Tesla Soars, Indexes Fall As Yields…
Tesla Stock Rises Despite Bumpy Earnings Report
Tesla’s shares surged by approximately 10% on Wednesday, marking a significant rebound for the stock following a challenging first quarter.
Investor Focus Shifts to Future Prospects
According to a report by Yahoo Finance’s Hamza Shaban, investors are more interested in Tesla’s future promises rather than its current financial struggles. Despite a disappointing earnings report, the electric vehicle manufacturer is generating excitement with upcoming models and plans for autonomous ridesharing.
Optimistic Outlook Amid Sales Decline
While Tesla experienced a 9% decline in car sales compared to the previous year, CEO Elon Musk remains optimistic about the company’s direction. Operating profit also saw a significant drop of over 50% from the same period last year. However, Musk’s reassurance of forthcoming affordable vehicles has resonated positively with the market.
Shifting Perspectives on Tesla
Musk emphasized during an earnings call that Tesla should not be viewed solely as an automaker but rather as a digital platform similar to companies like Uber and Airbnb. He envisions Tesla as a leader in autonomous fleet services, aiming to revolutionize the transportation industry.
Future Plans and Innovations
Despite uncertainties about the timeline for a mass-market $25,000 vehicle,
The Price Falls As Concern Over An Escalation…
Peloponnese Newsroom
The price of oil did fall on Friday, April 19, 2024, following initial concerns about escalating tensions in the Middle East.
After oil jumped more than $3 earlier, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel.
The most active U.S. crude contract was down 34 cents, or 0.4%, at $82.39.
The initial concern was sparked by the fact that the Israel launched an attack on Iranian soil but an Iranian official told Reuters that it was caused by air defense systems. State media reported that three drones were shot down over the central city of Isfahan.
According to newsit, the Tehran downplayed the incident and said it had no plans to retaliate, a response that appeared to be aimed at avoiding a region-wide war.
Investors are closely monitoring the possibility of an escalation of the crisis. The geopolitical risk premium in oil prices has fallen this week on the perception that any Israeli retaliation to its attack Iran will be moderated by international pressure.
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INDUSTRIAL UNION Consumption Of Vita Malagasy To Be…
The SIM annual general meeting was held yesterday at Carlton Anosy.
The Madagascar Industries Union intends to strengthen this trend, through the promotion of “Vita Malagasy” among Malagasy consumers.
Make “consuming local” a way of life. “Products made locally have nothing to envy of other imported manufactures.” This is the observation of Tiana Rasamimanana, president of the Madagascar Industries Union (SIM). Initiatives to promote local products will continue this year, awareness and communication campaigns on “Vita Malagasy” products will be carried out among the members of this professional group. According to the boss of the SIM, part of the efforts made by the association for this year will go in this direction: “We will help the members of the SIM in communication with a view to promoting the “Vita Malagasy” and the “Malagasy” label ny antsika”. Manufacturers must make joint efforts to educate customers to consume locally,” says Tiana Rasamimanana, on the sidelines of the annual general meeting of the SIM which was held yesterday at the Carlton Anosy.
Promotion
The campaigns carried out by the Industrial Union focus on large and medium-sized supermarkets (GMS), grocery stores and other popular information media, notably social networks. These awareness campaigns began in the Analamanga region in 2020.
Red Meat Prices In Installments Reach Record Levels…
Red meat prices continue to soar in the Moroccan market since the end of the month of Ramadan, reaching unprecedented numbers, especially for lamb, which many Moroccans are no longer able to purchase after it reached more than 140 dirhams per kilogram in stores selling meat in installments.
Many meat sellers believe that prices have become “unbearable” for many Moroccan families, considering that the inflation-driven economic situation has contributed to changing the consumption pattern for red meat.
In this context, Radwan, a butcher who sells red meat in installments in a store in the city of Kenitra, said that “the demand for red meat has declined for weeks,” stressing that “the rise in the price of lamb prompted us to abandon it.”
The butcher added, in an interview with Hespress: “We have not sold sheep for a while, and customers are finding it difficult to buy beef that costs 100 dirhams, let alone lamb that exceeds 120 dirhams.”
The young butcher considered that the measures announced by the government regarding import support “hardly appear to have any impact on prices,” stressing that the Moroccan citizen must “forget the prices that were in the past once and for all.”
For his part,
Car Thefts, If You Park It In This…
#Car #thefts #park #city #wont #find #steal #time
A thief in action during a car theft/ source Depositphotos- autoruote4x4.com
Be careful if you live in these cities, as your car is at risk of disappearing as thieves are more active in these areas. You should get a garage if you don’t want to find yourself on foot.
When you own a car, your thoughts increase significantly. It may seem like a stupid thing, but in reality having a car is like having a family member, a loved one, and you have to take care of them at every opportunity. Obviously the worries are even greater if our car does not have a safe place where it can be left.
If you do not have a garage or a closed area in which to leave it, and the vehicle is parked outdoors, the risk of vandalism (such as scratches, punctured wheels, etc.) is very high. But the thing that makes motorists fear the most concerns car thefts.
French-Speaking Unions Bpost Are Strongly Opposed And Do…
New consultations between unions and Bpost management have not resolved anything. Strikes continue in the south of the country. The unions do not want anyone other than the postman to distribute the newspapers.
The consultation between unions and Bpost management will enter its third day on Thursday. Attempts to end the rotation strike in Wallonia failed. The major stumbling block remains the newspaper contract. The French-speaking unions reject Bpost’s plans to gradually have newspaper distribution done by its subsidiary AMP and no longer by the postman.
Bpost hopes to be able to offer more competitive prices to publishers. The French-speaking unions in particular do not like the idea of AMP distributing newspapers. They are threatening to stop the distribution of newspapers from July 1.
The shift from Bpost to AMP is a phased process, so that postmen will still be fully involved on July 1. AMP itself will engage subcontractors who in turn will have to hire people to do the distribution.
The Dutch-speaking unions can live with this scenario as long as there is no hard restructuring at Bpost. The excess postal staff should be let go naturally. The French-speaking unions are on a different line.
Yancheng, Jiangsu: Riding The Wind To Chase The…
Yancheng, Jiangsu: Riding the “wind” to chase the “light” to seize the commanding heights and move forward “green” on a “new” carbon path
2024/04/24 20:21 Released in Yancheng
Wind turbines stand in rows like “white forests” and rotate in the wind; rows of photovoltaic panels decorate the “blue ocean” dotted and shining; new energy projects one after another are under construction and put into production…
On the shore of the Yellow Sea, there is surging green energy, unlimited scenery, and full of “new” meaning.
At present, a new round of scientific and technological revolution and industrial transformation are accelerating, gathering and bursting out, and new energy has become the commanding heights of competition in the new round of scientific and technological revolution and industrial transformation. Relying on the unique “scenery” resources, Yancheng insists on building the new energy industry as a strategic emerging industry, seizes development opportunities, continues to optimize the energy structure, continuously strengthens and extends the chain, and achieves “two doublings” in industrial scale and development scale. ” and “Two Breaking Thousand” historic leaps, striving to embed more “Yancheng coordinates” in the world‘s new energy industry map.
Yufeng Chasing Light
Green energy “lights up” the development landscape
Yancheng is located on the eastern coast of Jiangsu.