VIENNA / WAM The Opec Fund for International Development (OFID) is contributing $50 million to support energy security and economic growth in Pakistan via a participation agreement with the International Islamic Trade Finance Corporation (ITFC). The ITFC and other financial institutions will provide the remaining balance of the syndicated amount that will enable Pakistan’s Ministry of Finance, Revenue and Economic …

Bloomberg Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc and NIO Inc cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the sector’s biggest market. Worries heightened after reports emerged of a fire involving a Tesla in a Hong Kong parking …

Bloomberg The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight. German startup Lilium aims to have a fleet of the five-seat aircraft — which can operate with a pilot or in drone mode — flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster …