{
}
Texas's newest solar farm has a nameplate capacity of 875 MW, with 85% allocated to power Google data centers, raising concerns about the increasing energy demands of AI technologies. At a recent conference in Riyadh, industry leaders warned that electricity use could surge by 40% in the next decade, potentially straining global grids. As tech giants explore nuclear and renewable energy sources, the rush to support data centers may divert resources from meeting the needs of ordinary consumers.
Airbus SE is nearing a deal to sell dozens of A320neo family jets to Saudi Arabia's new airline, Riyadh Air, which is backed by the kingdom's sovereign wealth fund. An announcement could come as soon as Wednesday, as Saudi Arabia invests heavily in developing its aviation and tourism sectors.
A Saudi solar company, Desert Technologies, is set to significantly increase its production capacity by constructing a $200 million factory in Jeddah. This facility will enable the production of up to 5 gigawatts of solar panels and cells annually, a substantial rise from its current capacity of 110 megawatts.
Saudi Arabia's Public Investment Fund (PIF) is set to anchor Brookfield Asset Management's new $2 billion Middle East fund, enhancing the Canadian firm's capacity to invest in the Gulf region. Half of the fund will be allocated to projects within Saudi Arabia, reflecting a deepening partnership between the two entities, each managing around $1 trillion in assets. The announcement is expected during the Future Investment Initiative, the kingdom's annual investors conference.
The Chinese Medicine Extracts Detection market is experiencing a resurgence, driven by key players like Evergreen Herbs and SGS. A comprehensive report analyzes market dynamics, including supply and demand trends, and forecasts growth from 2024 to 2031, highlighting opportunities and challenges within the industry. The market is segmented by detection type and application, with geographical insights covering regions such as North America, Europe, and Asia Pacific.
Saudi Arabia is optimistic about foreign direct investment trends, with Investment Minister Khalid Al-Falih highlighting recent figures as "extremely positive." However, he acknowledged that the kingdom still has significant progress to make in achieving its ambitious goal of attracting $100 billion annually by 2030.
The Goldman Institute advocates for "data center diplomacy" as the U.S. competes in the global AI race, emphasizing the geopolitical significance of data center locations. With China investing heavily in AI infrastructure, the U.S. must enhance its data center capabilities, particularly in partnership with oil-rich Gulf nations like the UAE, Qatar, and Saudi Arabia, which are poised to rapidly expand their AI capacities.
Kamala Harris and Donald Trump present starkly contrasting political positions in their presidential campaigns. Harris emphasizes economic support for the middle class, climate initiatives, and a balanced immigration policy, while Trump advocates for aggressive trade tariffs, energy independence, and a hardline stance on immigration. Their approaches to foreign policy also diverge significantly, with Harris supporting NATO and Ukraine, and Trump prioritizing an "America first" strategy, including skepticism towards international alliances.
Elon Musk made a surprise virtual appearance at Saudi Arabia’s Future Investment Initiative, signaling a reconciliation with the kingdom after a previous fallout during his attempt to take Tesla private. A jury cleared him of fraud claims related to his tweets about securing funding for the deal.
Morgan Stanley CEO Ted Pick declared the era of zero interest rates and inflation over, emphasizing that higher rates and geopolitical challenges will persist. He noted the transition from easy monetary policy since 2022 has made it tougher for public companies, with Wall Street executives skeptical about further rate cuts this year.
SAU
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
data centers drive soaring electricity demand amid renewable energy challenges
United States Dollar
Colombian Peso
Saudi Arabian Oil Company
Alphabet Inc.
Amazon.com, Inc.
BlackRock, Inc.
Microsoft Corporation
Blackstone Inc.
SoftBank Corp.
SAU
USA
Eric Schmidt
Stephen Schwarzman
Shou Chew
Ruth Porat
Larry Fink
Show more
16:40 30.10.2024
Airbus set to finalize deal for jets with Saudi startup Riyadh Air
13:07 30.10.2024
saudi solar firm to increase production capacity with new factory in jeddah
12:17 30.10.2024
Saudi Arabia backs Brookfield with two billion dollar Middle East fund
Saudi Riyal
Canadian Dollar
Public investment fund Sovereign Wealth Fund
Brookfield Asset Management Ltd.
SAU
11:36 30.10.2024
rising trends in the global chinese medicine extract detection market
Bureau Veritas SA
CCIC
SGS Gulf Ltd.
Intertek Group plc
Rheinland Testing and Certification Service (China) Co, Ltd
FRA
COL
GBR
ITA
ESP
CHL
USA
KOR
NGA
SAU
JPN
MEX
ARG
CHN
IND
DEU
CAN
Gauri Dabi
Show more
07:32 30.10.2024
Saudi Arabia optimistic about foreign investment despite 2030 challenges
05:37 30.10.2024
data center diplomacy emerges as us and china compete in ai race
United States Dollar
Amazon.com, Inc.
Jigsaw
The Goldman Sachs Group, Inc.
Anthropic
Google Inc.
OpenAI
Aqua Metals, Inc.
Microsoft Corporation
FRA
USA
CHN
QAT
AUS
SAU
ARE
CAN
Jared Cohen
Show more
23:54 29.10.2024
harris and trump contrasting visions for america's future in 2024 election
United States Dollar
Deere & Company
RUS
PSE
USA
ISR
CHN
KOR
SAU
JPN
UKR
TWN
IRN
Kamala Harris
Donald Trump
Show more
17:30 29.10.2024
musk appears at saudi investment initiative signaling improved relations with kingdom
16:17 29.10.2024
Morgan Stanley CEO declares end of zero interest rates and easy money era
United States Dollar
The Carlyle Group Inc.
Standard Chartered PLC
State Street Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
SAU
USA
Sara Eisen
Ted Pick
Francis Fukuyama
Show more
16:12 29.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Industry Mergers & Acquisitions
CEO Changes
Domestic Politics
Market Analysis and Predictions
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Berkshire Hathaway Inc.
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
Bank Frick AG
Morgan Stanley
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Citigroup Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
Japanese Yen
British Pound Sterling
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: