Category: Business

“Industrial development is critical to strengthening economies, fighting poverty, and creating jobs and prosperity,” declared UN Secretary-General António Guterres in his message to the event, delivered by the senior UN official in Saudia Arabia, Mohamed El-Zarkani.  Lifting the burden of poverty  Delegates from governments, private sector and civil society have arrived in the Saudi capital […]

“First, we need to end the war. Then, we have to restart the factories,” says Basher Abdullah, advisor to Sudan’s Minister of Industry and Trade.   Like many of the world’s poorest countries, Sudan’s attempts to develop its economy are severely hampered by conflict. Yet, even amidst the brutal civil war, the UN Industrial Organization […]

AI music platform Suno has closed a $250 million Series C funding round, catapulting its valuation to $2.45 billion, up from roughly $500 million in 2024. The round was led by Menlo Ventures, with participation from NVIDIA’s NVentures, Lightspeed, Matrix Partners, and Hallwood Media, underscoring investor confidence in the company’s rapid growth and its role […]

Siemens Energy has unveiled plans to invest $2.3 billion (€2 billion) in expanding and modernizing its global manufacturing network for power transformers and high‑voltage switchgear by 2028, underscoring the company’s ambition to strengthen electricity transmission infrastructure as demand surges worldwide ESG News esg-investing.com World Energy. Expanding Grid Capacity The investment will be directed toward new […]

A California judge ordered the end of a dragnet law enforcement program that surveilled the electrical smart meter data of thousands of Sacramento residents. The Sacramento County Superior Court ruled that the surveillance program run by the Sacramento Municipal Utility District (SMUD) and police violated a state privacy statute, which bars the disclosure of residents’ […]

One of our favorite—and most important—things that we do at EFF is to work toward a better future. It can be easy to get caught up in all the crazy things that are happening in the moment, especially with the fires that need to be put out. But it’s just as important to keep our […]

Databricks, the data and AI tools provider, is in advanced talks to raise fresh capital at a valuation exceeding $130 billion, according to industry sources. The figure represents a 30% jump from its $100 billion valuation just two months ago, underscoring investor confidence in the company’s rapid expansion and AI-focused strategy. Financial Performance Founded in […]

In Namibia’s Daures region, a bold experiment aims to prove economies can create jobs without fossil fuels.  When completed, Daures Green Hydrogen Village will sustainably produce hydrogen and ammonia from renewable sources, which will be used to make the country’s first carbon-free green fertiliser, reducing the need for imports.  The project is designed to benefit […]

In a landmark deal that underscores the shifting energy demands of the tech sector, Microsoft has partnered with Constellation Energy to restart Pennsylvania’s Three Mile Island nuclear reactor by 2028, securing a $1 billion loan from the U.S. Department of Energy (DOE) to finance the project. The refurbished facility, renamed the Crane Clean Energy Center, […]

Widespread news reports indicate that President Donald Trump’s administration has prepared an executive order to punish states that have passed laws attempting to address harms from artificial intelligence (AI) systems. According to a draft published by news outlets, this order would direct federal agencies to bring legal challenges to state AI regulations that the administration […]