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Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.
Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, , Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, , John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American
That vessel has since sunk, scuppered by China’s support for Russia in the war in Ukraine and bitter disappointment over projects that never materialized. Also capsized are many of the high hopes that took hold across Eastern and Central Europe for a bonanza of Chinese money. So when Mr. Xi returns to the region this week, after a visit to France, he will travel to Serbia and Hungary, two countries whose long-serving authoritarian leaders still offer a haven for China in increasingly turbulent political and economic waters. “The Czechs, the Poles and nearly everyone else are really pissed at China because of the war,” said Tamas Matura, a foreign relations scholar at Corvinus University of Budapest. “But in Hungary that is not a problem, at least not for the government” of Prime Minister Viktor Orban, Mr. Matura said.
Persons: Xi Jinping, Europe’s, Xi, , Tamas Matura, Viktor Orban, Matura Organizations: Corvinus University of Budapest Locations: Czech Republic, Russia, Ukraine, Eastern, Central Europe, France, Serbia, Hungary, China,
Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.
Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, , , Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor
Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.
Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, , Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India
Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.
Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America
Princess Cruises announced a 114-day world cruise to 52 destinations in 2026, starting at $20,000 per person. Guests who book early would get a free, all-inclusive package, a first for Princess' global itineraries. Extended and all-inclusive cruises have emerged as big trends in the vacation industry. AdvertisementPrincess Cruise's new around-the-world voyage will hit two vacation trends in one itinerary. The sailing, which starts at $20,000 per person, also marks the first time Princess is offering a complimentary all-inclusive package as a way to entice early bookings.
Persons: , it's Organizations: Cruises, Princess, Service, Carnival Corp
CNN —Turkey has halted all import and export transactions with Israel in protest over the war in Gaza. “All import and export transactions related to Israel, including all products, have been stopped,” Turkey’s trade ministry said in a statement Thursday. Thursday’s measures by Turkey follow the introduction last month of restrictions on its exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Turkey is one of the biggest donors of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. Israeli attacks in Gaza have killed more than 34,600 Palestinians as of May 1, according to the territory’s Ministry of Health.
Persons: , , Recep Tayyip Erdogan, Israel Katz, Katz, Israel, Turkey’s, Eyad Organizations: CNN, Reuters, Israel’s Ministry of Foreign Affairs, Hamas, territory’s Ministry of Health Locations: Turkey, Israel, Gaza, “ Turkey, “ Israel, Territories, Republic of Turkey, Gaziantep
Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings. The regulator began probing the Adani group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation by the group, accusations the group has denied. Adani Green Energy, Adani Power, Adani Total Gas, Adani Energy Solutions, Adani Wilmar, and Adani Ports have also received notices from SEBI in the first quarter, the companies said in separate filings to the exchanges this week. Typically such violations attract monetary penalties or management can be barred from capital markets for a certain period.
Persons: Gautam Adani, Wilmar Organizations: Adani, World, Accountants, Adani Enterprises, Hindenburg Research, Securities and Exchange Board of India, Energy, Adani Energy Solutions Locations: Mumbai, SEBI
Turkey said late Thursday that it had halted all trade with Israel until “uninterrupted and adequate humanitarian aid is allowed into Gaza,” signaling further deterioration in relations between the two countries. Turkey’s Trade Ministry said in a statement that exports and imports “for all products” would pause. Mr. Katz also said he had instructed the Foreign Ministry to create alternatives for trade with Turkey, focusing on local production and imports from other countries. Turkey reported $5.4 billion in exports to Israel in 2023 and $1.64 billion in imports, according to United Nations figures. The Turkish leader has also forcefully defended Hamas and recently met with Ismail Haniyeh, the group’s political leader, and other Hamas officials in Istanbul on April 20.
Persons: Israel Katz, Recep Tayyip Erdogan, Mr, Katz, Erdogan, Ismail Haniyeh, , “ Israel, Hakan Fidan Organizations: Turkey’s Trade Ministry, Bloomberg, Foreign Ministry, United Nations, Ministry, Trade Ministry, Israel, International Court of Justice Locations: Turkey, Israel, Gaza, Istanbul, “ Israel, Palestine
Mount Ruang, a 725-meter (2,400-foot) volcano on Ruang Island, North Sulawesi, has been erupting in spectacular fashion on and off since mid-April, posing a growing threat to those living nearby and to air traffic in the region. Nearby schools have also been shut to protect children from volcanic ash, BNPB said. Video Ad Feedback Indonesia's Mount Ruang volcano continues to shoot volcanic ash 02:29 - Source: CNNMount Ruang is a stratovolcano, which are typically conical and relatively steep-sided due to the formation of viscous, sticky lava that does not flow easily. Volcanic ash from Ruang has reached eastern Malaysian airspace, Malaysia’s meteorological department said. Mount Ruang previously erupted in April, disrupting more than 200 flights on April 18 and 19 and affecting tens of thousands of passengers, officials said.
Persons: Mount Ruang, Ruang, Sam, BNPB, , Muhammad Helmi Abdullah Organizations: CNN, Reuters, National Disaster Management Authority, International, Met Malaysia, Muhammad Helmi Abdullah Regional, Air Asia, , Malaysia Airlines Locations: Mount, North Sulawesi, Manado, Ruang, Malaysian, Malaysia, Indonesia, Asia
There are several reasons to consider leasing an EV over buying. To be sure, the vast majority of EV owners don't have to worry about the maker of their vehicles imminently going out of business. AdvertisementUsed EV prices are a huge question markThere's limited data on EV resale prices. Pre-owned EV prices have fallen in line with new EV prices. EV leasing is growing in popularityLeasing an EV is no longer a niche concept.
Persons: , Fisker, Cox, Polestar, Paul Jacobson Organizations: Service, EV, Leasing, International Energy Agency, American, Tesla, Cox Automotive, Electrek, Lease
Video supplied by the Philippine Coast Guard showed two larger Chinese vessels firing water cannons from opposite sides of the Philippine ship. “The Philippine vessels encountered dangerous maneuvers and obstruction from four China Coast Guard vessels and six Chinese Maritime Militia vessels,” Philippine Coast Guard spokesperson Commodore Jay Tarriela said in the statement. The Philippine Coast Guard ship suffered “damage to the railing and canopy,” according to its statement. Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Beijing and Manila’s South China Sea disputes have heated up since the 2022 election of Philippine President Ferdinand Marcos Jr., who has taken a stronger line against China than his predecessor Rodrigo Duterte.
Persons: Jay Tarriela, , Thomas, , Thomas Shoal, Ferdinand Marcos Jr, Rodrigo Duterte Organizations: CNN, Philippine Coast Guard, China Coast Guard, Chinese Maritime Militia, Weibo, Asia, Transparency Initiative, BRP Sierra Madre, Philippine Locations: Philippine, China, Scarborough Shoal, Chinese, Luzon, ” Beijing, South, Scarborough, Huangyan, Bajo, Masinloc, Philippines, South China, Palawan, BRP Sierra, Weibo, , Beijing, Manila’s, Manila, United States, Washington
"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.
Persons: , Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines
Samsung 65-inch S95D 4K OLED TV This exceptional high-end TV is the brightest OLED we’ve ever tested. I've seen this kind of behavior on a few other OLED TVs, but it's more extreme on this model than on competitors. However, there is speculation that the brand could sell versions of its 2024 OLED TVs with WRGB panels instead. Steven Cohen/Business InsiderBased on my initial testing, the Samsung S95D is an excellent option for anyone who wants a high-end OLED TV. Ultimately, buyers seeking a premium viewing experience can't go wrong with any high-end OLED TV.
Persons: It's, Slim, HLG, Steven Cohen, I've, wonky, upscaling, you'll, there's, that's, S95C Organizations: Business, Samsung, LG, Sony A95L, Shop, Dolby, HLG Smart, Samsung TV, Forza, Sony Locations: La
The strikes are doing serious damage to Russia's oil and gas sector. Bloomberg reported that Russia's oil refining is at an 11 month low. AdvertisementBloomberg earlier this week reported that Russia's oil refining is at an 11-month low because of flooding and Ukraine's drone campaign. Ukraine's attacks on Russian oil depots are one of the few bright spots in its war in recent months. "Future Ukrainian drone strikes may disable and disrupt more of Russia's refining capacity and inflict critical constraints on Russian refining that begin to substantially impact Russia's production of distillate products," the analysts said.
Persons: , Joe Biden's Organizations: Bloomberg, Service, AFP, Metallurgical, The Locations: Ukraine, Russia, Russia's Smolensk, Lipetsk, Russia's, Ukraine's, US
A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018. U.S. crude oil fell back below $83 a barrel on Wednesday after rallying nearly 2% in the prior session. Traders are waiting for the latest U.S. petroleum inventory data with the market's focus shifting back to supply and demand fundamentals as the threat of war between Israel and Iran has faded. Here are the latest energy prices:The U.S. Senate passed a foreign aid package that would expand sanctions against Iranian oil and target ports, vessels and refineries that knowingly accept the Islamic Republic's crude exports.
Organizations: Traders, U.S, Senate Locations: Midland, Odessa, Texas, U.S, Israel, Iran
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. U.S. crude oil fell below $81 a barrel on Tuesday, the lowest level since March, as the market brushed off the threat of additional sanctions on Iranian oil. Here are the latest energy prices:The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports to include foreign ports, vessels and refineries that knowingly process crude from the Islamic Republic. The Senate could vote on the bill as soon as this week.
Locations: Isfahan Refinery, Iran, Isfahan, Islamic Republic
Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Both benchmarks fell 29 cents in the previous session on signs that a recent escalation of tensions between Israel and Iran had little near-term impact on oil supplies from the region. Barclays analysts said on Monday that risks to their $90 a barrel forecast for this year's Brent prices remain skewed higher. U.S. crude oil inventories are expected to have increased last week while refined product stockpiles likely fell, according to a preliminary Reuters poll of analysts.
Persons: Brent Organizations: Global, Brent, U.S, West Texas, ANZ, Barclays Locations: East, Israel, Iran
And if you're looking for high-end sailing to unique destinations, I'd suggest avoiding Royal Caribbean's mega-ships. Brittany Chang/Business InsiderAccording to its current expansion plan, by 2028, about a third of Royal Caribbean's fleet will consist of mega-ships. Wonder of the Seas (left) and Icon of the Seas (right) both have Sorrento's, a complimentary grab-and-go pizza shop. If you plan on cruising with your children — and if they, like me, love activities like rock climbing and mini-golfing — Royal Caribbean's mega-ships could be your best option. After all, like most of Royal Caribbean's largest vessels, both Icon and Wonder are exclusively sailing in the Caribbeans.
Persons: , Brittany Chang, I've, Sharon Yattaw Organizations: Service, Oceania Cruises, Business, Royal, Regent Seven Locations: Royal Caribbean, CocoCay, Polynesia, Caribbean, Oceania
Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the same operating system and software as Meta's current first-party virtual reality hardware, such as the Quest 3 and Quest Pro. The move further defines the fault lines of the virtual reality hardware market, months after Apple released its $3,500 virtual reality headset called Vision Pro in January. According to Meta CEO Mark Zuckerberg, who shared the news in an Instagram video Monday, the announcement essentially recreates the Android versus iOS dynamic in smartphones — only for virtual reality headsets. Meta Horizon is based on a version of Android, allowing for easier ports of apps from phones to virtual reality.
Persons: Mark Zuckerberg, Zuckerberg, Meta's, Meta Organizations: Lenovo, Microsoft, Asus, Quest Pro, Apple, Reality Labs, Meta, Apple's, Google, Steam, Gaming, Xbox
We're pretty sure Kerry was executed there exactly two months later, in October 1978. So we had a memorial for Kerry, and then a few months later, John took his life. Rob Hamill rowing. Rob Hamill with Phil Stubbs, his teammate in the inaugural Atlantic rowing race in 1997. We got married about six months later, in 2001.
Persons: , Rob Hamill, Pol Pot, Kerry, Kerry Hamill, Rob Hamill Kerry, Stuart Glass, Stuart, John Dewhirst, John, Hamill, who'd, Phil Stubbs, Phil, Comrade Duch, Pot, Rachel, Finn, Declan, Ivan, Rob Hamill's, Renee Whitaker, Hamill's, Finn didn't, We've Organizations: Service, Business, Navy, Atlantic, New Zealand, Pacific Locations: New Zealand, Khmer Rouge, Communist, Cambodia, Australia, Darwin, Khmer, Malaysia's, Kerry, Phnom Penh, Asia, Tenerife, Barbados, Ireland, New, Thailand, Angkor Wat
CNN —The director of an Ecuadorian prison known as “El Rodeo” was killed Sunday in an attack that came as millions of people in the country headed to the polls for a referendum focused largely on President Daniel Noboa’s war on crime. Ecuador Prosecutor’s Office reported that another person was injured in the attack and that officers on the scene have started an investigation. Parrales was killed the same day that Ecuadorians were called to the polls for a referendum dominated by security issues that could bolster President Daniel Noboa’s agenda to fight crime. Noboa hopes those measures will help him rein in burgeoning levels of organized crime linked to drug cartels. Ecuador was once known as an “island of peace,” nestled between the world’s two largest cocaine producers, Peru and Colombia.
Persons: , Daniel Noboa’s, Cosme Damián Parrales Merchán, SNAI, Parrales, CNNE, Noboa, Adolfo Macias Organizations: CNN, SNAI, Ecuador Prosecutor’s, Social Rehabilitation, Ecuadorian National Police Locations: Ecuador, Ecuadorians, , Peru, Colombia, United States, Europe, Mexico, Guayaquil
The referendum will ask 11 questions, five that will modify the Constitution if approved and six that are advisory. More than 13 million of Ecuador’s population of nearly 18 million are eligible to vote – and in Ecuador, voting is obligatory. “We require urgent reforms that allow us to protect our security,” Noboa told a military event in March. In response to the escape, the government deployed more than 3,000 police officers and members of the armed forces to find Fito. The referendum has met opposition among some groups who claim the matters can be dealt with in the National Assembly.
Persons: Daniel Noboa, , he’s, ” Noboa, John Moore, Guillermo Lasso, Fernando Villavicencio, Adolfo Macias, Noboa, , CNN’s Christiana Amanpour, Jorge Glas, Glas, Karen Toro Organizations: CNN, National Police, Armed Forces, Ecuadorian National Police, United Nations, Reuters, National Assembly Locations: Quito, Ecuadorian, Ecuador, Ecuadorians, Guayaquil, , Peru, Colombia, United States, Europe, Mexico, Mexican
Iran's Foreign Minister Hossein Amirabdollahian speaks during a press conference at the Lebanese Ministry of Foreign Affairs, in Beirut, Lebanon February 10, 2024. "What happened last night was not a strike," the foreign minister, Hossein Amirabdollahian, said in an interview with NBC News' Tom Llamas. But the foreign minister warned that if Israel did attack Iran, the response would be swift and severe. Iran responded 12 days later, launching an unprecedented, direct military attack on Israel involving more than 300 missiles and drones. Still, the foreign minister said he hopes that a deal will be reached soon for the release of the hostages as part of a broad settlement.
Persons: Hossein Amirabdollahian, Israel, Tom Llamas, , Amirabdollahian, Biden, Karine Jean, Pierre, Benjamin Netanhayu Organizations: Iran's, Lebanese Ministry of Foreign Affairs, NBC News, Security, Israel, Iranian Revolutionary Guard Corps Locations: Beirut, Lebanon, New York, Iran, Israel, Syrian, Damascus, Haifa, Tel Aviv, Syria, Yemen, Gaza, Tehran, Isfahan
Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.
Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam
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