DIRS.INFO The most relevant business & tech news

☆ Governments take action to keep offshore wind projects on track
▼ + stars: | 2023-12-05 | by ( Susanna Twidale | ) www.reuters.com time to read: +6 min

[1/2] Scroby Sands offshore wind farm can be seen off of the coast at Great Yarmouth, Britain, October 24, 2018. Investors told Reuters governments have since shown willingness to pay higher prices, helping to restore confidence in the future of the industry. Britain's last auction in September failed to attract any offshore wind projects, with developers saying the guaranteed price on offer was too low. Britain's Octopus launched a dedicated fund with Japan's Tokyo Gas (9531.T) to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030. Soeren Lassen, head of offshore wind Research at WoodMac said more than 50 GW of offshore wind tenders globally are planned for 2024.

Persons: Chris Radburn, ”, Jonathan Cole, Corio's Cole, Keith Anderson, Anderson, Marc Hedin, Nathalie Gerl, Germany's RWE, Soeren Lassen, WoodMac, Susanna Twidale, Nichola Groom, Scott DiSavino, Simon Webb, Jane Merriman Organizations: REUTERS, Governments, Investors, Corio Generation, Power, New York, Energy, New York State Energy Research, Development Authority, Aurora Energy Research, Research, Ireland, Aurora, Gas, Thomson Locations: Great Yarmouth, Britain, U.S, New York State, China

☆ Jack Ma popped up randomly on Alibaba's staff forum only to deliver a rare criticism of his company's performance
▼ + stars: | 2023-11-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Jack Ma resurfaced once again and made a surprising post on Alibaba's staff forum. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Responding to an employee's forum post on Wednesday, Ma emphasized the need for change within Alibaba in a post seen by Business Insider. In his post, Ma wrote: "Everyone can be successful. AdvertisementNotably, in his message, Ma congratulated Alibaba's rival Pinduoduo, the parent company of the e-commerce app Temu, praising its strategic decisions in recent years.

Persons: Jack Ma, —, Ma, Alibaba, Pinduoduo Organizations: Service, Business Insider, Ant, Tokyo College Locations: China, Tokyo

☆ UK's Octopus Energy launches $3.7 bln offshore wind fund with Tokyo Gas
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Britain's Prime Minister Boris Johnson poses for photographs with a branded electric taxi as he visits the headquarters of Octopus Energy, in London, Britain October 5, 2020. The Octopus Energy Offshore Wind fund, set up with a 190 million pound cornerstone investment from Tokyo Gas, will invest in offshore wind farms as well as companies creating new offshore wind capacity, with a focus on Europe, Octopus said. The fund will look at both traditional offshore wind turbines and floating turbines. "The potential to make a positive impact, boost energy security and reduce fossil fuels dependence is massive with offshore wind," said Octopus Energy Generation Chief Executive Zoisa North-Bond. Octopus Energy Generation has said it plans to invest $20 billion in offshore wind by 2030, with an aim to boost energy security and reduce dependence on fossil fuels.

Persons: Boris Johnson, Leon Neal, Octopus, Zoisa, Sachin Ravikumar, Mark Potter Organizations: Britain's, Octopus Energy, Rights Companies Tokyo Gas Co, Energy, Gas, Tokyo Gas, Bond, Thomson Locations: London, Britain, Tokyo, Europe

☆ Dollar marches to over two-month peak ahead of Powell speech
▼ + stars: | 2023-08-25 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The dollar index , which measures the U.S. currency against six rivals, rose 0.173% to 104.25, the highest since June 7. The index is up more than 2% in August and is set to snap its two-month losing streak. Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.20% to $0.641, while the New Zealand dollar fell 0.27% to $0.590.

Persons: Dado Ruvic, Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins, Tom Hopkins, I'd, Ankur Banerjee, Jacqueline Wong Organizations: REUTERS, Rights, U.S, Federal, Jackson, Federal Reserve, Philadelphia Fed, Boston Fed, BRI Wealth Management, Bank of Japan, New Zealand, Thomson Locations: U.S, Singapore, Japan's Tokyo, Tokyo

☆ A remote-working employee of the world's biggest nuclear power plant left important documents on the roof of his car before driving off. It could delay a Tepco plant restart.
▼ + stars: | 2023-05-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

A Tepco nuclear plant employee in Japan left work documents on the roof of his car before driving off. The incident could thwart efforts to restart the world's largest nuclear plant on Japan's west coast. But the incident could thwart efforts to restart the Kashiwazaki-Kariwa nuclear power plant, which had been offline since 2012 amid strict nuclear energy regulations and safety lapses following the Fukushima nuclear disaster in 2011, per Bloomberg. The Fukushima disaster was the second worst nuclear accident in the history of nuclear power generation after Chernobyl in the former Soviet Union in 1986. Just last week, Japan's Nuclear Regulation Authority decided to keep a de facto ban on the Kashiwazaki-Kariwa facility, according to various media reports, including broadcaster NHK.

Organizations: Service, Electric Power, Tepco, Bloomberg, Soviet Union, Authority, NHK Locations: Japan, Wall, Silicon, Niigata

☆ Cautious calm returns to bank stocks as focus shifts to regulation
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +5 min

Focus is also shifting to the possibility of tighter regulation in the U.S. banking sector, particularly for mid-tier banks like SVB (SIVB.O) and New York-based Signature Bank, whose collapses last week roiled financial markets. Investors had been particularly concerned about the huge bond holdings, particularly in U.S. Treasuries, of Japanese lenders. However, Japanese finance minister Shunichi Suzuki said on Wednesday differences in the structure of bank deposits, meant local banks wouldn't face incidents similar to SVB's collapse. In an attempt to avert a similar crisis down the line, the Federal Reserve is also considering tougher rules and oversight for midsize banks similar in size to SVB. "A year after starting to raise interest rates, the Federal Reserve is still chasing evidence that higher borrowing costs are slowing the U.S.

☆ Factbox: Chinese chipmaking equipment manufacturers filling void left by U.S. export restrictions
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +5 min

Naura's most advanced etching machine supports 55 nm and 28 nm chipmaking technology, well behind the leading edge of chip manufacturing. The firm also makes deposition machines, which apply chemicals and gases to silicon wafers throughout the chipmaking process. It produces machines that can service the 14 nm to 28 nm process nodes of its deposition machines. ADVANCED MICRO-FABRICATION EQUIPMENT INC CHINA (AMEC) (688012.SS)AMEC makes etching equipment used to remove excess material from the surface of silicon wafers. BEIJING E-TOWN SEMICONDUCTOR TECHNOLOGY CO LTD (BEST)BEST produces degumming equipment used to remove photoresist chemicals during the lithography process.

☆ North Korea denies media report it supplied munitions to Russia
▼ + stars: | 2022-12-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, Dec 23 (Reuters) - North Korea's foreign ministry denied a media report it supplied munitions to Russia, calling it "groundless," and denounced the United States for providing lethal weapons to Ukraine, the North's official KCNA news agency reported on Friday. Japan's Tokyo Shimbun reported earlier that North Korea had shipped munitions, including artillery shells, to Russia via train through their border last month and that additional shipments were expected in the coming weeks. The North Korean foreign ministry statement did not make any mention of Wagner. South Korea's foreign ministry said on Thursday they have been monitoring North Korea's activities amid concerns over possible arms transactions with Russia. In a separate statement, the North Korean foreign ministry also slammed the United States' attempt to issue a U.N. Security Council presidential statement on its latest intercontinental ballistic missile launch.

☆ Japan, Netherlands to join U.S. in China chip curbs - Bloomberg News
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +1 min

Dec 12 (Reuters) - Japan and the Netherlands have agreed in principle to join the United States in tightening controls over the export of advanced chip-making machinery to China, Bloomberg News reported on Monday, citing people familiar with the matter. In October, the Biden administration published a series of curbs aimed at stopping the export of chip-making technology and certain chips made through U.S. equipment anywhere in the world to China. The new curbs may be announced in the coming weeks, it added. Japan's Ministry of Economy, Trade and Industry as well as Netherlands' foreign affairs ministry did not immediately respond to Reuters' requests for comment. Reporting by Yuvraj Malik in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Japan's Tokyo"

9 mentions found