Tuesday , 16 December 2025

Recent Posts

Renewables projects set for slowdown in India

Bloomberg India’s renewables installations are set to slow after the country enforced a three-week lockdown to curb the spread of coronavirus, according to BloombergNEF. Wind power installations in 2020 by independent power producers could decline almost 18% from the prior year to 1.95 gigawatts, according to BNEF, which cut its estimate for the year by 24%. Solar power installations are …

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Covid-19: Apple plans to move beyond China

Bloomberg Wistron Corp, one of Apple’s manufacturing partners, said half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country. The move in production out of …

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VW’s production shutdown costs $2.2b per week, says CEO

Bloomberg Volkswagen AG’s unprecedented move to halt output on both sides of the Atlantic costs the world’s largest automaker $2.2 billion per week, and CEO Herbert Diess said decisive action is critical to overcome the coronavirus pandemic. Sales outside China have effectively come to a standstill, while demand in the country, VW’s largest single market, has clawed back to about …

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