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UAE, Egypt ink major wind energy deal on COP27 sidelines
The United Arab Emirates and Egypt agreed Tuesday to develop one of the world's largest wind farms in a deal struck on the sidelines of the UN's COP27 climate summit in Sharm el-Sheikh.
Veteran French designer Philippe Starck now looks to space
Philippe Starck, the prolific French architect and designer who has made everything from lemon juicers to wind turbines, shows no sign of slowing down and is increasingly turning his eye to space. But he also gave the world an uber-electic range of everyday items, from his futuristic lemon juicer to electric bikes, toothbrushes, water bottles -- and on to boats, wind turbines and control towers.
Weak yen helps Nintendo lift annual net profit forecast
Nintendo raised its full-year net profit forecast on Tuesday, with the weak yen and a solid performance by new games helping compensate for falling sales of its Switch console. The firm left its full-year operating profit forecast unchanged at 500 billion yen.
China playing 'aggressive games' with Canada democracy: Trudeau
China is playing "aggressive games" with democracies and Canadian institutions, Prime Minister Justin Trudeau warned on Monday following a report of foreign interference in its elections.
Nintendo lifts annual net profit forecast
Nintendo raised its full-year net profit forecast on Tuesday, with the weak yen and a solid performance by new games helping compensate for falling sales of its Switch console. The Kyoto-based Japanese gaming giant estimated net profit for the year to March 2023 at 400 billion yen ($2.7 billion), up from a previous projection of 340 billion yen.
Renault reorganises towards electric future
French automaker Renault presented its green revamp to investors Tuesday, splitting its operations in two: a new electric vehicle unit and a subsidiary for thermal and hybrid assets that will pair up with China's Geely. At an investor day in Paris on Tuesday, Renault outlined its green transformation.
Swedish PM tries to win Turkey over on its NATO membership
Swedish Prime Minister Ulf Kristersson was due to meet President Recep Tayyip Erdogan in Ankara on Tuesday in a top-level bid to persuade Turkey to drop its opposition to Sweden joining NATO. After Russia invaded Ukraine, Sweden and Finland abandoned their long-standing policy of military non-alignment and in May applied to join the transatlantic alliance.
Global South needs $2 trillion a year to tame, cope with climate
Developing and emerging countries -- excluding China -- need investments well beyond $2 trillion annually by 2030 if the world is to stop the global warming juggernaut and cope with its impacts, according to a UN-backed report released Tuesday. Current investments in emerging and developing economies other than China stand at about $500 billion.
Australian insurer warns of 'distressing' hack threat
A major Australian health insurer warned Tuesday of a "distressing" threat by a purported hacker to release client data within 24 hours, following a hack affecting 10 million people. On Tuesday, an anonymous poster on a hacking blog -- widely cited by Australian media -- said that data from the Medibank hack "will be publish in 24 hours".
AFP
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