Sunday, September 06
More than 400,000 Ukrainian consumers remained without electricity as of midday on Thursday following a recent large-scale Russian attack on Ukraine's western regions, energy officials said.The attack led to a decrease in electricity production at Ukrainian nuclear power plants.Russia has sharply increased the intensity and number of its attacks on Ukrainian infrastructure in recent months, targeting gas, energy and distribution facilities and plunging entire cities into darkness.Ukraine generates more than half of its electricity at three nuclear power plants, but damage to power lines and transformers has forced the plants to reduce their output, a representative of the national nuclear energy company Energoatom told Reuters.The International Atomic Energy Agency also confirmed the reduc
President Donald Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda, a reality laid bare this week as he hosted Saudi Arabia's Crown Prince Mohammed bin Salman.The crown prince has committed to invest $1 trillion with U.S. companies, a pledge that is largely about using Saudi Arabia's oil and natural gas reserves to pivot his nation into becoming an AI data hub."We will work closely with friends and partners like those in this room to build the largest, most powerful, most innovative AI ecosystem in the world," Trump said at the U.S.-Saudi Investment Forum on Wednesday.Sitting in the front row of the audience at the Kennedy Center were Nvidia co-founder Jensen Huang and tech billionaire Elon Musk.Trump took cre
Stock valuation is a function of complex and elaborate market dynamics, and investors always "have the choice to reject an IPO" if they believe an issue doesn't give them valuation comfort, Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey tells ET's Reena Zachariah and Sruthijith KK explaining the rationale behind the seemingly lofty market capitalisations of several new-age, high-growth businesses. Pandey uses the analogy of rapid stock movements multiple times a day to argue that the fundamentals of a company do not change with such a frequency to drive home the point how market dynamics, often beyond the immediate bailiwick of the scrip, dictate its value. Edited excerpts: India has seen a record number of IPOs this year, but many of them were OFS (offer-for-sal
