The combined fortunes of the world’s five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer, anti-poverty group Oxfam said.    U.S. banknotes seen in an illustration. Photo by Pexels  An Oxfam report, which comes as business elites gather this week for the annual World […]

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Volume and value down 31.5 and 26.3 per cent against 2022.   Figures from the General Department of Vietnam Customs show that 118,942 vehicles worth $2.83 billion were imported into Vietnam in 2023, down 31.5 per cent and 26.3 per cent, respectively, year-on-year. Imports in December alone stood at 7,650, worth $175.3 million, up 1.9 […]

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Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations’ climate talks, the International Energy Agency (IEA) said.   In its annual renewable energy outlook report, the IEA said new […]

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Intel said on Tuesday it will launch automotive versions of its newest AI-enabled chips, taking on Qualcomm and Nvidia in the market for semiconductors that can power the brains of future cars.   Intel also said it will acquire Silicon Mobility, a French startup that designs system-on-a-chip technology and software for controlling electric vehicle motors and onboard charging […]

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In the past few years, Indonesia has risen to become a prominent economy in ASEAN. According to Tech Collective, this vast archipelago is a business and innovation hotspot, attracting strong attention and funding from investors around the world…   How strongly is the Indonesian startup ecosystem growing? Despite the difficulties besetting the world’s technology sector, Southeast […]

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According to estimates, Nvidia was involved in 35 deals in 2023, nearly six times more than last year….   Nvidia, the world’s most valuable chipmaker, has been one of the most successful investors in artificial intelligence startups this year. Nvidia is looking to capitalize on its position as the dominant AI processor supplier. NVIDIA POURS MONEY […]

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Made from a series of bamboo arches spanning 19 metres, the Arc at the Green School in Bali is heralded as one of the most significant structures ever made from bamboo. The Arc at the Green School in Bali was finished in 2021 Designed by architecture studio Ibuku and using approximately 12.4 tonnes of Dendrocalamus […]

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L’Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a ranking of the richest people in the world.   The French beauty empire founded by her grandfather is on track for its best stock market performance in decades. L’Oréal shares rose to a record high […]

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In 1980 Geoff Chutter found himself “mortgaged to the underside of the nostrils”, and the owner of a brand new water park. The then 28-year-old had no previous experience of working in the world of giant water slides and swimming pools, but he thought it would be more fun than continuing to work as an […]

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There are 51 electric models — and counting — on the market now. The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology. Experts say, however, that 2024 may be the year to finally pull the plug on gasoline-powered cars and trucks. “Five years […]

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