Trump says UK suspects planned ‘big damage’
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IFC to lend $70 million to JN Port
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MUMBAI: The International Finance Corporation (IFC), the World Bank's private investment arm, has agreed to lend $70 million (Rs 670 crore) to state-run Jawaharlal Nehru Port Authority (JNPA), India's busiest container gateway, to fund the installation of shore power supply (SPS) infrastructure across its terminals in what is being called as the first 'blue financing' in India's maritime sector.The agreement for the ten-year, US dollar-linked external commercial borrowing (ECB) loan was signed in New Delhi on September 24, officials said. The loan doesn't involve a sovereign guarantee.JNPA and IFC are yet to officially announce the deal.SPS infrastructure will allow ships at berth to switch off their diesel engines and connect to land-based electricity, helping cut carbon emissions by 63%, reduce air pollution by up to 90%, and create more than 400 jobs.Also Read: Adani's Dhamra Port becomes India’s first large private multi-cargo port to run fully on renewa...
Boeing flags 737 MAX software glitch
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Boeing has identified a 737 MAX software glitch that could cause an automated navigation feature to fail during landing, the Wall Street Journal reported on Saturday, citing company documents.Boeing told 737 MAX operators in late August that the issue did not pose a safety risk, according to the report.Reuters could not immediately verify the report. from Economic Times https://ift.tt/ogY2ZBm
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
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Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge.The S&P 500 gained 37.96 points, or 0.49%, to end at 7,742.09 points, while the Nasdaq Composite gained 125.51 points, or 0.47%, to 27,064.88. The Dow Jones Industrial Average rose 469.07 points, or 0.91%, to 51,819.05.Gains in the S&P 500 and Nasdaq capped a volatile week driven by uncertainty about what industries will win and lose from artificial intelligence, and by concerns about the US war with Iran and a surge in US Treasury yields.Microsoft rallied after the software giant unveiled several new capabilities in its Copilot app, including a coding tool and an always-on AI agent.Akamai Technologies surged after an $11.6 billion cloud services deal with AI leader Anthropic. The deal includes a warrant that could give Anthropic up to 5% of Akamai."That's a positive from the standpoint tha...