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The Latest Breaking News from DfC

How the US is still channeling billions of dollars into climate projects despite Trump

IN FOCUS: Investments analysed by The Independent show how climate action – whether in renewables that are cheaper than fossil fuels, or in weather-proofing new infrastructure projects – is now ‘built-in’ to the global economy, regardless of any leader’s political agenda. Nick Ferris reports

The Independent UK

India joins elite heavy-haul railway club, targets lower logistical costs: DFCCIL MD

India now operates heavy-haul freight railways, joining a select global group. The nation is adopting advanced technologies and global best practices to boost safety and efficiency in freight operations. This initiative aims to significantly lower India's logistics costs, which are currently higher than the global average.

The Economic Times

US Development FinCrop to invest $1.5 billion in Indo-Pacific energy platform, eyes South Asia buildout

The US International Development Finance Corporation is investing $1.5 billion in a new energy platform for the Indo-Pacific. This major project will focus on South and Southeast Asia. It aims to develop liquefied natural gas and other energy infrastructure. The investment will help strengthen energy security and meet growing power…

The Economic Times

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Trump appointee leading $205bn US agency had personal ties to Epstein, emails show

Ben Black’s lawyers deny relationship with disgraced financier, but DoJ records reveal years of interactions

The Guardian - US

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Reason

The US backs a South Africa project to extract rare earths despite a diplomatic clash

A U.S.-backed project in South Africa aims to extract rare earth minerals from industrial waste as part of a Trump administration priority to reduce reliance on China

The Independent UK

Firing Government DEI Executive Didn't Violate First Amendment

From Judge Dabney Friedrich (D.D.C.) Wednesday in Jewell v. Jagadesan, which generally seems correct to me: In December 2022, Jewell… The post Firing Government DEI Executive Didn't Violate First Amendment appeared first on Reason.com.

Reason

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Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Fortune

Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again

Solving the insurance and security issues is massive so long as Iran can still strike tankers.

Fortune

Uzbekistan and US formalise joint investment mechanism in Washington

Ahead of the first meeting of Trump’s Board of Peace, President Shavkat Mirziyoyev travelled to Washington to launch a joint investment mechanism and new sectoral agreements in energy, critical minerals, irrigation and agro-industry.

Euronews

Ukraine-Russia war latest: Trump says conflict could lead to world war and Putin ‘has really let me down’

The UK prime minister said the two countries are working together to put pressure on Vladimir Putin to get him to agree to a peace deal with Ukraine

The Independent UK

US To Set $5 Billion Critical Minerals Fund

The United States is preparing to launch a $5 billion fund to secure supplies of critical minerals. The fund would be set up through the U.S. International Development Finance Corporation (DFC) in partnership with New York–based investment firm Orion Resource Partners, with both parties committing at least $600 million, alongside…

Benzinga

Nintendo Switch 2 is arguably "the most important product launch in video game history," analysts say, who reckon it will have sold 100 million in its first 5 years

DFC Intelligence thinks the Switch 2 could result in Nintendo "becoming the primary partner for third-party game publishers"

GamesRadar

Here’s Why $80 Games Won't Be The New Norm After The Switch 2 Launch

An industry analyst says the high price of entry for the Nintendo Switch 2 won't be enough to dampen its popularity.

Inverse

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GamesRadar

Market research firm says either Sony or Microsoft will "struggle" with their next-gen consoles as Nintendo will be "the clear winner"

This town ain't big enough for the three of us

Nintendo Switch 2 could end the console wars forever, claim experts

Either Sony or Microsoft could be forced to concede the console wars after Nintendo Switch 2 is released.

The Times of India

US invests $553 million in Gautam Adani’s Sri Lanka port to curb China’s influence

NEW DELHI: The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.

The Independent UK

US plans to build a $553 million terminal at Sri Lanka's Colombo port in rivalry with China

The U.S. has announced plans to launch a $553-million project to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing

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The Guardian - UK

Northern Ireland libraries can no longer afford to buy books

A funding shortfall means the country’s library service will operate with reduced hours, and is ‘unable to purchase new books or take requests at present’

The Hindu

U.S. agency approves USD 425 million financing for Tata Power’s solar cell, module manufacturing plant in T.N.

DFC approves USD 425M financing for Tata Group's 4.3GW solar cell/module plant in Tirunelveli. Plant to create 2,000 jobs, majority of which will be women from local areas. Facility to integrate advanced tech, implement industry 4.0 standards. Financing to support India's renewable energy manufacturing, 500GW clean energy target by 2030.…

The Independent UK

Rishi Sunak condemns n-word slur found in official DWP document

Exclusive: Tory MP says officials should ‘hang heads in shame’ after paperwork scrapped following investigation by The Independent

The Independent UK

DWP guidance on benefit assessments forced to be withdrawn over n-word slur

Deeply offensive racist term used in DWP benefits guidelines since 2010 – and only removed after Independent investigation

The National (Scotland)

'Time to move on' - Rangers hero Gregory Vignal leaves Dundee youth coaching role

Gregory Vignal has left his role as a youth coach at Dundee.

Belfast Live

Ards and North Down Council goes against its own policy over funding to orange lodges

Alderman says orange order "welcomes everybody" to its events

Belfast Live

Decision on Derry and Strabane councillors' pay rise deferred

Members agreed that it was inappropriate for councillors to be voting to award themselves a pay increase, particularly during a cost of living crisis

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