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Far and Wide | February 2024 (III)

This week’s headline features a story from Asia; India and the United Arab Emirates (UAE) signed eight pacts to bolster cooperation in key areas such as investments, electricity trade and digital payment platforms, as Prime Minister Narendra Modi and UAE President Mohamed bin Zayed Al Nahyan discussed new fields of collaboration.

Europe: E.ON, a German power-grid operator that enjoys a near monopoly in Europe’s biggest economy CEO, Leonhard Birnbaum, sees increased business opportunities with the expansion of Germany's Energiewende, aimed at achieving net-zero carbon emissions by 2045. 
North America: A recent Gartner report said that in 2024, spending on IT services in India is projected to grow 13.4%, up from 10.1% in 2023. This is in contrast to the worldwide spending on IT services which is expected to grow 8.7% in 2024.

South America: VISA has enhanced its Visa Commercial Pay offering with new digital wallet features, in collaboration with Conferma Pay. Which provides businesses with a tokenized payment system designed to bolster security and improve cash flow.

Asia: The leaders of India and UAE, witnessed the exchange of eight agreements, including a bilateral investment treaty, which the external affairs ministry said will be a “key enabler” for further investments in both countries.
Australia: UNSW Develops Innovative Technology To Address Australia’s Solar Waste Crisis, Among Projects Securing Over $11 Million In Funding.
Africa: Jindal Steel & Power's $2 billion iron ore project in Melmoth, South Africa, faces a setback as the environmental application is rejected. The company aims to appeal the decision, emphasizing the importance of environmental impact assessments in mining projects. Amid the energy transition, South Africa's mining industry seeks innovative solutions to address challenges and seize opportunities for a sustainable future. Read Now!