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Renalfa IPP Secures €315 Million Financing from EBDR Consortium to Accelerate Green Energy Transition in Central and Eastern Europe

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Vienna-based independent power producer Renalfa IPP has closed a landmark €315 million Holdco Financing led by the European Bank for Reconstruction and Development (EBRD), with support from a consortium of EU-backed lenders. The funding will drive a €1.2 billion investment programme aimed at deploying 1.6 GW of renewable generation capacity and 3.3 GWh of co-located […]

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President Kagame Appoints New Prime Minister in Major Leadership Reshuffle

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Rwandan President Paul Kagame has appointed Justin Nsengiyumva, the former deputy governor of the National Bank of Rwanda, as the country’s new Prime Minister, replacing Edouard Ngirente, who had held the post since 2017. The appointment, announced on July 24 via a government statement, entrusts Nsengiyumva with oversight of the government’s day-to-day operations. A seasoned […]

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UK and India Sign Landmark Trade Deal Worth £6 Billion

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Prime Minister Sir Keir Starmer and Indian Prime Minister Narendra Modi have signed a landmark UK–India trade agreement, expected to deliver £6 billion in investment and create 2,200 new jobs across the United Kingdom. The deal, finalized during Modi’s official visit to the UK, is hailed as the largest of its kind in terms of […]

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‘Perfect storm’ of global crises drove years of food price surges: FAO

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The report, to be released later this month, reveals how between 2020 and 2024, the world experienced a dramatic increase in food prices driven by a combination of COVID-19 inflation, the war in Ukraine restricting movements on food and commodities and increasing climate shocks.   “The episodes described in this publication bring up what we […]

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International Court of Justice Declares Healthy Environment a Fundamental Human Right

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In a historic advisory opinion issued on July 23, 2025, the International Court of Justice (ICJ) affirmed that access to a clean, healthy, and sustainable environment is a fundamental human right under international law. The ruling clarifies the legal obligations of states to mitigate climate change and prevent environmental harm, marking a pivotal moment in […]

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Irish Rail Appoints Jacobs for Major Infrastructure Upgrade on Galway–Portarlington Corridor

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Iarnród Éireann (Irish Rail) has awarded a consultancy contract to Jacobs, a global engineering firm, to support a transformative rail infrastructure programme aimed at modernizing the Galway–Portarlington corridor, a key regional and intercity route with onward connections to Dublin. Under a four-year framework agreement, with an option to extend for an additional four years, Jacobs […]

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Tata Communications and AWS Partner to Build AI-Ready Network Across India

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Tata Communications has announced a strategic collaboration with Amazon Web Services (AWS) to deploy a high-capacity, AI-optimized national long-distance network across India. The initiative aims to accelerate the adoption of generative AI, cloud innovation, and high-performance computing by connecting AWS infrastructure in Mumbai, Hyderabad, and Chennai. The purpose-built network will feature low-latency, high-bandwidth express routes, […]

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Russia and Ukraine Conduct Major Prisoner Swap following Third Round of Peace Talks in Istanbul

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Russia and Ukraine have carried out a significant prisoner exchange as part of ongoing peace negotiations held in Istanbul, Turkey, on July 23, 2025. The swap, conducted under the terms of the Istanbul Agreements, saw the return of 250 prisoners of war from each side, with plans to exchange at least 1,200 more in the […]

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Microsoft and J.P. Morgan Lead $210 Million Financing to Scale Nature-Based Carbon Removal Projects

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In a landmark move for climate finance, Chestnut Carbon, a U.S.-based nature-based carbon removal startup, has secured a $210 million non-recourse project finance facility to accelerate large-scale afforestation efforts. The deal marks the first infrastructure-style financing in the U.S. voluntary carbon market. The facility is anchored by Microsoft’s 25-year offtake agreement, under which the tech […]

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AstraZeneca Unveils $50 Billion U.S. Expansion Anchored by GLP-1 Manufacturing Facility in Virginia

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AstraZeneca has announced a landmark $50 billion investment in its U.S. operations by 2030, marking the company’s largest-ever commitment to American manufacturing and research. The initiative is headlined by a multi-billion-dollar drug substance facility in Virginia, which will serve as the cornerstone of the expansion and focus on producing treatments for weight management and metabolic […]

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