Construction is due to start on Vietnam‘s first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix. TGS Green Hydrogen will build the plant in the southern province of Ben Tre, with trial operations due to start from the first quarter of next year, the… Continue reading Vietnam co lines up $840m for country’s first green hydrogen plant …
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India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India’s under-penetrated general insurance market along with users’ need for a better customer… Continue reading India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
Didi Global faces rocky path to growth after getting US delisting nod
Didi Global may have ensured its survival after winning shareholders’ nod for a U.S. stock delisting but a quick return to growth won’t be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business. Didi‘s U.S. withdrawal less than a year after its debut there is seen as an attempt to appease regulators angered by its move to push ahead with a $4.4… Continue reading Didi Global faces rocky path to growth after getting US delisting nod
Two senior Grab execs quit as company rejigs unit to stem losses
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab‘s payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told… Continue reading Two senior Grab execs quit as company rejigs unit to stem losses
Apple’s secretive car project loses yet another top executive
Christopher “CJ” Moore, the former Tesla Autopilot software engineer who left to join Apple’s secretive car project last year, has left Apple to join Luminar, an Orlando, Florida-based lidar company, as its new head of software, the company announced. Moore only lasted seven months at Apple. Moore is among a group of top executives from… Continue reading Apple’s secretive car project loses yet another top executive
Lucid Motors issues recall for some Lucid Air EVs over faulty instrument display wiring
Lucid Motors issued a recall notice for some of its luxury electric sedans for a faulty wiring harness connected to the instrument panel. The recall covers 1,117 model year 2022 Lucid Air sedans of all trim levels. The recall was first reported by Lucid Insider, a blog that covers the EV company. The recall addresses… Continue reading Lucid Motors issues recall for some Lucid Air EVs over faulty instrument display wiring
Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually beyond the reach of most people. It is this gap that Kenyan insurtech MotiSure is working to seal. The startup, which targets motorcycle taxi (boda… Continue reading Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Finn raises $110M to expand car subscription platform in U.S., Germany
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. and Europe and reach 30,000 subscriptions by the end of the year, according to the company. The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional… Continue reading Finn raises $110M to expand car subscription platform in U.S., Germany
The 5 best lawn mowers of 2022
Finding the right mower for your yard can be tricky. It may be tempting to spring for the fancy zero turn model with the 60+ inch cutting deck or the robot mower, so you don’t have to waste your Saturday afternoons cutting the grass. But not all mowers are suited to every lawn, and not… Continue reading The 5 best lawn mowers of 2022
Stellantis pleads guilty, will pay $300 million over allegations of emissions fraud
Stellantis, the parent company of Jeep, Chrysler, and Dodge, has agreed to plead guilty to criminal conduct and pay $300 million to settle a probe into its effort to illegally conceal the amount of pollution created by its diesel engine vehicles, Reuters reports. The guilty plea will settle a years-long probe by the US Department… Continue reading Stellantis pleads guilty, will pay $300 million over allegations of emissions fraud