Since March, Mexico has witnessed at least 125 deaths due to extreme heat, with thousands more suffering from heatstroke. On June 13th, temperatures in Mexico soared close to 52 degrees Celsius, marking the highest ever recorded in the country. Simultaneously, the United States has been grappling with scorching heat, as expansive high-pressure systems persist over […]
Fitch Solutions’ BMI report indicates that while energy storage projects in the Middle East, such as those in the UAE and Saudi Arabia, are preparing large-scale initiatives, they still pale in comparison to the over $17 billion worth of projects in the United States. For instance, Saudi Arabia’s NEOM mega-project includes an energy storage plan
Global surge in energy storage construction, UAE reserves project ranks in the top ten. Read More »
According to reports, the U.S. Treasury Department has placed Japan on its currency manipulation monitoring list in its semiannual currency report released on Thursday. This action comes despite not designating any country as a currency manipulator. The criteria for inclusion on the monitoring list include significant bilateral trade surpluses with the U.S., global current account
According to reports, the new AI model, Claude 3.5 Sonnet, surpasses its predecessors with enhanced capabilities in understanding complex instructions and interpreting visual data such as charts and graphs. It also exhibits improved humor capabilities. Notably, the app processing speed of Claude 3.5 Sonnet is twice that of its predecessor, Claude 3 Opus, while costing
Beyond GPT-4, the strongest AI model in history is here! Read More »
Bank of America (BofA) has identified five key reasons why investors should remain optimistic about NVIDIA despite recent declines in its stock price. According to BofA, any pullback in NVIDIA’s stock presents a great buying opportunity. Here are the five major positives highlighted by the bank: 1. **Leadership in AI and Data Centers**: NVIDIA continues
A leading renewable energy company from the United Arab Emirates (UAE) is set to significantly expand its footprint in the industry through a major acquisition. The UAE giant has announced its plan to acquire a Greek renewable energy company for €3.2 billion. This strategic move highlights the UAE firm’s aggressive approach to growth and consolidation
The global real estate market is warming up, with large-scale projects in Saudi Arabia driving a construction boom. Global consulting firm Turner & Townsend emphasized in its latest report that the 2030 Expo and the 2034 FIFA World Cup to be held in Saudi Arabia will further boost the country’s construction industry, as such international
**China Finance Online, June 21st (Editor: Xiaoxiang)** – Despite multiple financial reforms by the South Korean government this year, including improving corporate governance and extending Korean Won trading hours, the country’s unexpected reinstatement of the short-selling ban last year by regulatory agencies has dissatisfied many foreign investors. Consequently, South Korea’s long-pursued goal of being included
