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  • BusinessReuters

    Amazon to invest $11 billion in Indiana to build data centers

    The announcement by Amazon Web Services on Thursday builds on the online retail giant's already strong presence in the state, where it employs 26,000 full- and part-time staff. The new facilities will be build in St Joseph County in north-central Indiana and house computer equipment used to power cloud computing and generative artificial intelligence. Amazon did not specify how many data centers would be established.

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  • NewsAFP News

    Paris landmark Moulin Rouge's windmill sails collapse

    The sails of the windmill above the Moulin Rouge cabaret, one of the most famous landmarks in Paris, collapsed overnight, with its operator saying there was no foul play."I hope they repair it soon," he added. - 600,000 visitors annually - The Moulin Rouge, with its distinctive red windmill sails built of wood and metal, is located in northern Paris and is one of the most visited landmarks in the city.

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  • BusinessAFP News

    NGOs accuse ADB of funding Indonesia coal plants despite clean energy promises

    Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report."Publicly funded institutions like the Asian Development Bank must include robust coal exclusions in contracts... in order to end coal finance for good," said Daniel Willis, finance campaigner at NGO Recourse.

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  • BusinessReuters

    IBM falls as enterprise-spending constraints choke consulting demand

    Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business through 2024. "Although software acceleration is encouraging, this was offset by more significant-than-expected deterioration of Consulting, along with incremental FX headwinds expected for the rest of the year," analysts at J.P.Morgan said. IBM's software business grew 5.5% in the quarter and the company announced a $6.4 billion deal to b

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  • BusinessAFP News

    Car giants vie for EV crown at Beijing's Auto China show

    Chinese car giants locked in a cut-throat price war descended on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad.Beijing's Auto China show, which lasts until May 4, sees dozens of firms square off in a bid to draw customers at one of the country's biggest car shows.

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  • NewsReuters

    DR Congo presses Apple over minerals supply chain, lawyers say

    Democratic Republic of Congo is pushing Apple Inc for information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by Congo said on Thursday. Congo, particularly its eastern region, has been plagued by violence since the 1990s, killing millions as struggles over national identity, ethnicity, and resources saw neighbouring countries invade and a myriad of armed groups spring up. Conflict has arisen over the con

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  • BusinessReuters

    India's IndiGo places first-ever widebody order for 30 Airbus A350 jets

    BENGALURU (Reuters) -IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 jets, it said on Thursday, its first-ever order for widebody aircraft. Indian carriers are trying to keep pace with the world's fastest-growing aviation market, where demand for air travel has surged post-pandemic, even as plane manufacturers struggled to meet output goals. The drive by IndiGo, which has a 60% share in India's domestic aviation market, also comes at a time when it aims

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