Tuesday , 23 December 2025

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Arid Saudi could need over $53bn in water investment

  Riyadh / AFP Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on Sunday. The world’s largest oil exporter, whose petroleum revenues fell 51 percent last year on declining crude prices, is pushing to diversify its economy through greater private sector investment and development of new …

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China risks wasting $490bn on coal plants

  AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, …

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Uber, Ola services close to regulatory clearance in India

  Bloomberg India is set to clear the ride-hailing services of Uber Technologies Inc. and Ola by issuing guidelines to make them legal, according to a person with knowledge of the matter. The companies will need to get the software used to calculate fares validated while keeping their luxury car category outside tariff rules, the person said, asking to not …

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