At Nigerian snack company ReelFruit’s Lagos warehouse a woman places handfuls of dried mangoes in bags and workers hammer open coconuts to scrape out the flesh. The company is expanding production and exports after a $3 million investment. ReelFruit is part of a burgeoning group of female-founded Nigerian startups attracting investor cash as women stake […]
News
New U.S. solar installations are on track to fall by nearly a quarter this year, with panel imports stalled by a ban on goods from China’s Xinjiang region over forced labor concerns, according to a market report released on Tuesday. The dour forecast by industry trade group the Solar Energy Industries Association and research firm […]
U.S. Trade Representative Katherine Tai said on Monday that her agency is preparing to sign a memorandum of understanding with African Continental Free Trade Area countries to explore work on the next phases of the U.S.-African trade relationship. Tai said at the Semafor Africa Summit that she sees opportunities to improve the longstanding African Growth […]
IBM Corp and Rapidus, a newly formed chip maker backed by the Japanese government, on Tuesday announced a partnership that aims to manufacture the world’s most advanced chips in Japan by the second half of the decade. The agreement comes as U.S.-China relations remain tense, especially over chips. Washington has restricted Beijing’s access advanced semiconductor […]
Apple Inc said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country’s semiconductor industry. Cook said in a Monday tweet he visited Kumamoto prefecture in southwestern Japan, home to factories of many […]
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances. Beijing plans to roll out what will be one of its biggest fiscal incentive […]
Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said. The leading Japanese automaker is expected to detail the EV […]
Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released on Friday that it got in a probe. Democrats on the House Committee on Oversight and Reform subpoenaed major oil executives for the documents, which […]
Ericsson said on Friday it had struck a global patent licence agreement with Apple, ending a row over royalty payments for the use of 5G wireless patents in iPhones. The Swedish telecoms equipment maker said the multi-year deal included global cross-licences for patented cellular standard-essential technologies, and granted certain other patent rights. “The settlement ends […]
Microsoft is to take a 4 percent equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and a handful of big global […]