Over the wall 📶
Got banked: According to the World Bank, the global economy’s growth rates are slower than previous decades.
Disaster prevention: Indonesia is planning on constructing a giant sea wall to prevent and slow down its capital city of Jakarta from sinking.
Makeover: BMW is spending €650 million to change its parent factory in Munich into a site that makes fully electric vehicles.
Merging rival: Chesapeake Energy has agreed to buy Southwestern Energy for about $7.4 billion in an all-stock deal.
Need more gas: Hertz plans to sell 20,000, or one-third of its US EV fleet and go back into gas-powered cars.
Might miss: The European Union will need to capture 450 million tons of carbon dioxide a year by 2050 to meet net-zero targets.
Shortfall: As of 2024, Kazatomprom states that it’s likely to fall short of its production targets over the next 2 years.
Firmed up: BlackRock bought infrastructure firm GIP for $12.5 billion.
The pack: The 10 nations in Asean bought $524 billion of goods in 2023.
Refreshing: 50% of the world’s new renewable power capacity grew in 2023.
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