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Reuters

Solar power company Daystar raises $38mn for West Africa expansion
Markets

Solar power company Daystar raises $38mn for West Africa expansion

  • Grid power across Africa does not meet nations' needs and a variety of solar companies are seeking to fill the gap. In Nigeria, Africa's most populous nation and largest economy.
  • "We have seen a more than fiftyfold increase in power-as-a-service revenue over the last two years.
Published 12 Jan, 2021 09:28pm
Egypt follows Gulf allies in reopening airspace to Qatar
World

Egypt follows Gulf allies in reopening airspace to Qatar

  • Qatar Airways was expected to restart flights between Doha and Egypt on Friday, pending approval, sources at Cairo airport said.
  • Goods transport between the two countries will also become possible under agreements that are set to be activated.
Published 12 Jan, 2021 09:26pm
Nickel prices boosted by Philippines ban on mining island
Markets

Nickel prices boosted by Philippines ban on mining island

  • Philippine President Rodrigo Duterte stopped mining on Tumbagan Island in Languyan, in Tawi-Tawi province.
  • Benchmark nickel on the London Metal Exchange was up 3.3% to $17,655 per tonne at 1315 GMT, making it the biggest gainer among base metals.
Published 12 Jan, 2021 09:18pm
Google launches $3mn fund to fight vaccine misinformation
Technology

Google launches $3mn fund to fight vaccine misinformation

  • The "COVID-19 Vaccine Counter Misinformation Open Fund" aims to support journalistic efforts to effectively fact-check misinformation about the COVID-19 immunisation process.
  • While the COVID-19 infodemic has been global in nature, misinformation has also been used to target specific populations.
Published 12 Jan, 2021 09:13pm
Sanofi's standalone drug ingredients business to be called EUROAPI
Business & Finance

Sanofi's standalone drug ingredients business to be called EUROAPI

  • The company signalled last February it intended to carve out its active pharmaceutical ingredients business, which provides biologically active components for drugs.
  • Sanofi said it expected the new company, which will be based in France and have 3,200 staff, to have sales of around 1 billion euros ($1.2 billion) by 2022.
Published 12 Jan, 2021 09:10pm
Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents
Markets

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

  • Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
  • The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.
Published 12 Jan, 2021 09:02pm