$8.1 bn deficit in India's Q1 balance of payments
We haven't written up this one. The Economic Times has the full story — the link below goes straight to it.
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Ofgem warns on grid squeeze after Heathrow data centre approved
The energy watchdog Ofgem has warned that speculative data centre projects risk holding up viable investments on Britain’s electricity grid, after councillors approved another power-hungry facility near Heathrow Airport.
Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors
Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake in Atomberg Innovation.
Facing a decadeslong shortage, the FAA has now hired more than 2,000 air traffic controllers after its campaign recruiting Gen Z video gamers
With the U.S. still 3,500 controllers short of its staffing target, the federal government is turning to Fortnite fans and Roblox players to fill the gap.
(Weekly funding roundup Aug 8-14) Tepid VC inflow but Yulu provides relief
Venture capital funding into Indian startups saw a sharp decline in the second week of August largely due to absence of large deals.
SpaceX's $60 billion acquisition of Cursor just closed — here's 3 ways they're already working together
SpaceX closed its $60 billion acquisition of the AI coding startup Cursor on Friday. The companies were already sharing compute and training data.
Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project
Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with unjustified cost increases or through bribes, the International Consortium of Investigative Journalists (ICIJ) team reported on Friday…