LONDON: Britain’s greenhouse gas (GHG) emissions fell by 5.4% in 2023, government data showed on Thursday, with less gas used to generate electricity and heat homes. The country’s target to reach net zero emissions by 2050 will require changes to the way people eat and travel, as well as how electricity is produced. “This decrease … Read more
LONDON: Britain’s greenhouse gas (GHG) emissions fell by 5.4% in 2023, government data showed on Thursday, with less gas used to generate electricity and heat homes. The country’s target to reach net zero emissions by 2050 will require changes to the way people eat and travel, as well as how electricity is produced. “This decrease … Read more
China Petroleum & Chemical Corp , known as Sinopec, reported a 9.9% decline in 2023 net profit on Sunday, weighed by falling oil and gas prices but supported by recovering fuel demand. The world’s largest oil refiner by capacity posted net income of 60.5 billion yuan ($8.37 billion), based on Chinese accounting standards, in a … Read more
MADRID: Zara owner Inditex, the world’s biggest fashion retailer, on Wednesday reported its highest-ever profits in 2023 thanks to buoyant sales and its policy of raising prices. Its net profit reached 5.4 billion euros ($5.9 billion) last year, up 30 percent from 4.1 billion euros in 2022, which also was a record for the fashion … Read more
NEW DELHI: India added a record 3.2 gigawatt of open access solar capacity during 2023, posting a 6.66 per cent rise supported by factors, including reduced module cost, according to a report. In its latest report, US-based research firm Mercom Capital said the open access solar capacity addition was 3 gigawatt (GW) during 2022. Solar … Read more
Apple has had a great 2023 and a report suggested that the company became a top seller by units too last year, overtaking Samsung that led for 12 years. In yet another feat, the iPhone maker has dominated the list of top 10 global best-selling smartphones by capturing top seven spots for the first time.According … Read more
Amazon’s voice assistant Alexa offers customers its knowledge and clever banter. The e-commerce major claimed that even this year, Alexa has satisfied user’s curiosity about the year’s hottest topics, celebrities, sports, and has entertained them along the way. Amazon notes that 2023 also saw a 37% increase in requests to Alexa from Indian users for … Read more
MUMBAI: Airports and airlines saw IT spend increase year on year into 2023, reaching an estimated $10.8 billion and $34.5 billion respectively, according to SITA’s 2023 Air Transport IT Insights report released on Wednesday. Two-thirds ofairport and airline CIOs expect continued growth into 2024. Sustainability is also high on the agenda, with industry milestones set … Read more
MUMBAI: Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties and full-year demand reached a level just slightly below 2022 and 2019, said the International Air Transport Association (IATA) in its monthly report. “Global full-year demand in 2023, measured in cargo tonne-kilometers (CTKs), was down 1.9% compared to … Read more
MUMBAI: India’s gold demand witnessed on-year decline of 3 per cent at 747.5 tonnes in 2023, and going ahead the spurt in demand could be anywhere between 800-900 tonnes, if prices hold out and are not significantly volatile, the World Gold Council said in a report.The country’s total gold demand stood at 774.1 tonnes in … Read more