Bottom Line China may broaden the aims of its Belt and Road Initiative (BRI) to helping the developing world to industrialize after the Third Belt and Road Forum. During the BRI’s first decade, China already expanded the BRI’s aims from financing the logistics and transportation infrastructure development for a resurrected Silk Road to doing so...
Category: Infra
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Europe Daily News, 19 September 2023 | Perspectives & Events | Mayer Brown
COMPETITION Prior notification of a concentration (Case M.11265 – Deutsche Bank / Munich Re / Weltec Holding JV) Prior notification of a concentration (Case M.11216 – Liberty / ISD Dunaferr) Commission clears acquisition de Infra Group by PAI Partners (M.11223) – Midday Express Commission clears creation of joint venture by Baosteel, Saudi Aramco and PIF (M.11193) – Midday Express Commission clears...
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Gigabit Infrastructure Act: faster rollout of gigabit-capable connectivity | Atualidade | Parlamento Europeu
On Tuesday, MEPs in the Industry, Research and Energy Committee adopted their negotiating position on draft legislation that would reduce the costs of deploying gigabit-capable networks (which can allow data downloads at a speed of 1 gigabit per second). It seeks to stimulate investments in digital infrastructure, foster economic growth and ensure that European businesses...
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European data centres on track for “biggest growth yet”
The European data centre market is set to experience its “biggest growth phase” yet, as demands for power push investors to expand beyond the continent’s core markets. On September 11, Australia’s largest pension fund, AustralianSuper, announced that it is investing €1.5bn to acquire a significant minority stake in Vantage Data Centers’ operations in Europe, Middle...
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Is a winter energy crunch on the cards this year?
Analysis: while Europe has moved away from Russia’s pipeline gas, it will still remain exposed to the volatility of global gas markets By Michael Bradshaw, Warwick Business School, University of Warwick Russia’s invasion of Ukraine imposed a sudden energy shock on Europe 18 months ago. Faced with the prospect of much less Russian gas, there...
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European markets set for mixed open ahead of Fed meeting
CNBC Pro: Morgan Stanley says higher oil prices could boost 2 global commercial real estate stocks The recent increase in oil prices could provide a boost to London’s prime office real estate market, according to Morgan Stanley. The Wall Street bank explained the newly discovered correlation between the sectors and named the two stocks expected...
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European governments shrinking railways in favour of road-building, report finds
European governments have “systematically” shrunk their railways and starved them of funding while pouring money into expanding their road network, a report has found. The length of motorways in Europe grew 60% between 1995 and 2020 while railways shrank 6.5%, according to research from the German thinktanks Wuppertal Institute and T3 Transportation. For every €1...
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/RUDUUA6LAZLCBPC2SWGEAVNZN4.jpg "EBRD expects Ukraine investment to stay near 1.5 bln euros a year -president")
EBRD expects Ukraine investment to stay near 1.5 bln euros a year -president
[1/2]President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso addresses the Ukraine Recovery Conference in London, Britain June 21, 2023. Henry Nicholls/Pool via REUTERS/File Photo Acquire Licensing Rights LONDON, Sept 18 (Reuters) – The European Bank of Reconstruction and Development (EBRD) expects to invest a similar amount of money – roughly 1.5...
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Europe’s Energy Prospects Ahead of the Winter Heating Season | RANE
Europe will avoid an outsize surge in energy prices this winter thanks to record-high storage and lower consumption, but a delicate supply and demand balance means price shocks remain possible. On Sept. 14, striking workers at U.S. oil and gas giant Chevron’ s Wheatstone and Gorgon liquified natural gas (LNG) plants in Western Australia state...
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AI platform Skyqraft raises $3.8M to improve energy grid infrastructure inspections
Today Swedish grid inspection company Skyqraft announced the closure of an oversubscribed investment round, securing $3.8 million. Skyqraft provides faster, more accurate, and more sustainable energy infrastructure inspections in response to the challenges posed by increasing energy consumption and securing the reliability and longevity of grids. Today, 90 percent of grid defects go undetected, with...
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European Commission set to fast-track access to EU supercomputers
The European Commission has announced a new plan to fast-track access for Artificial Intelligence start-ups to EU supercomputers. EU supercomputers will help start-ups train their models and understand the impact of AI. Speaking as part of the latest State of the Union Address, Ursula von der Leyen, President of the European Commission, stated: “Europe has...
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Digital Realty To Provide Seamless Access to Oracle EU Sovereign Cloud
AUSTIN, Texas, Sept. 18, 2023 /PRNewswire/ — Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced it will offer connectivity to the recently-launched Oracle EU Sovereign Cloud via Oracle Cloud Infrastructure (OCI) FastConnect. Customers can benefit from secure and reliable connectivity to the Oracle EU...