Gigaclear Ltd., a startup building out fiber-optic connections in the UK, has attracted investment commitments for as much as £420 million ($523 million) of equity to fund its race to connect rural homes to high-speed Internet access, according to people familiar with the matter.
Carmakers who faced skyrocketing prices for lithium and other battery metals last year could increasingly adopt sodium-based cells in the future, helping to alleviate strains on raw materials as sales of electric vehicles surge, according to BloombergNEF.
Electric-vehicle sales are poised to more than double by 2026 but eliminating emissions from road transportation by the middle of this century will require even greater efforts, according to BloombergNEF.
Toshiba Corp. said it supports a buyout offer led by domestic private equity firm Japan Industrial Partners Inc., boosting the long-discussed takeover’s likelihood of going through.
South Korea’s authorities flagged the need to combat wash trading in its foreign-exchange market, as the country pushes extensive trading reforms to lure more offshore investors and get on global indexes.
Standard Chartered Plc is embarking on selective lay-offs of employees across its Singapore, London and Hong Kong hubs, part of the Asia-focused lender’s existing plan to cut costs by more than $1 billion through 2024.
The value of US semiconductor imports fell 16% in April from the month prior, but manufacturers in Asia, America’s main supplier, still have reasons to be optimistic.
Malaysia’s inflation currently isn’t misbehaving, giving the central bank room to keep up its “conditional pause,” according to a senior official.
Novartis AG’s generic-drug unit Sandoz could add $3 billion in sales over the next five years from its pipeline of new products, the Swiss company said, as it prepares to spin off the business in the second half of this year.
The Philippines raised further the alert level on Mayon Volcano south of Manila, warning of its “increased tendency towards a hazardous eruption” and said there’s possibility of “explosive activity within weeks or even days.”
