January, 2022

• 23 January

  At $1.9mn, Porsche Carrera GT sets online sale record

  

    Bloomberg A 2005 Porsche Carrera GT has sold for $1.9 million on the car auction website Bring a Trailer (BAT). The $1,902,000 final sale set a world record for the highest amount of money paid at auction for the V10 supercar. It also set the record for the highest amount of money ever spent on any vehicle at BAT. ...

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• 23 January

  Intel plans to spend $20bn on Ohio chipmaking hub

    Bloomberg Intel Corp plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site. The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in New Albany, which it expects to be operational by 2025, said the person, asking ...

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• 23 January

  Samsung to power up mobile chips

    Bloomberg Samsung Electronics Co introduced its first mobile processor powered by Advanced Micro Devices Inc. graphics as the company tries to better compete with the gaming prowess of archrival Apple Inc.’s iPhones. The new Exynos 2200 processor is built using Samsung’s most advanced 4nm fabrication process and is the industry’s first mobile chip with hardware support for ray tracing, ...

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• 22 January

  Oil’s red-hot rally cools after surge to highest since 2014

  

    Bloomberg Oil dropped alongside other financial assets and commodities as crude’s sizzling rally ran out of steam after hitting a seven-year high. Futures in New York slumped more than 3%, before paring losses to trade near $84 a barrel, following a decline in stocks and raw materials including copper. Crude has posted a gain of more than 10% so ...

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• 22 January

  India hopes for $30bn as bonds near index inclusion

  

    Bloomberg India is inching towards a major milestone: opening its $1 trillion government bond market to more international investors, one of the most ambitious attempts to attract foreign inflows since the country liberalised its economy three decades ago. Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset managers allocate their ...

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• 22 January

  China installed record amount of rooftop solar panels in 2021

  

    Bloomberg China put a record number of solar panels on rooftops last year as growth in residential areas outpaced installations on solar farms. A total of 53 gigawatts of solar capacity was built in 2021, close to the all-time high set in 2017, with more than half coming from rooftop installations, according to the National Energy Administration (NEA). China ...

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• 22 January

  India’s electricity firm looks to coal imports

  

    Bloomberg India’s largest electricity producer is stepping up a campaign of coal imports as the nation seeks to avoid a new power crunch. State-run NTPC Ltd. has sought about 10 million tons of overseas coal since it issued its first international tender in two years in October, according to documents posted on its website. The reversal after years of ...

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• 22 January

  Italy considers $4.5bn to fight soaring power bills

    Bloomberg Italy’s government is readying as much as 4 billion euros ($4.5 billion) to offer immediate help to consumers hit by energy prices, while it works on a wide range of longer term measures, people familiar with the matter said. The aid won’t require parliament to authorize fresh debt, and can rely instead on other revenue streams such as ...

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• 22 January

  Japan’s LNG inventories fall to 7-month low

    Bloomberg Japan’s liquefied natural gas (LNG) inventories slumped to a seven-month low as colder weather increased demand and Europe hoarded shipments of the super-chilled fuel. LNG shipments — particularly those exported from US projects — are rerouting from Asia to Europe to take advantage of more attractive prices. That’s leaving less supply for Asian importers, and the cargoes that are ...

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• 22 January

  UK likely to wait until March to announce help on energy bills

  

    Bloomberg The UK government will probably wait until March to announce measures to help consumers facing record bills amid the nation’s worst energy crisis in decades. Chancellor Rishi Sunak is due to give an outlook for the economy and public finances in his Spring Statement on March 23. It would be “unusual” for any aid to be announced by ...

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