Asia

The surge in electricity demand is outrunning the available power supply in many parts of the world, leading to growing concerns of outages and price increases for the most data center dense regions, Bloomberg reported.

International Finance Corporation (IFC), alongside other investors, is providing up to $400 million to Pakistan Telecommunication Company (PTCL) to finance its acquisition of Telenor Pakistan Private Limited and Orion Towers Private Limited.

The cooling market in developing economies is expected to grow from around $300 billion to at least $600 billion, per year by 2050, according to a report released on Wednesday by the UN Environment Program (UNEP)-led Cool Coalition and International Finance Corporation (IFC).

China-based autonomous driving technology company WeRide has partnered United States-based mobility and delivery technology platform Uber Technologies, Inc. to bring WeRide’s autonomous vehicles onto the Uber platform, beginning in the United Arab Emirates (UAE).

Alipay+ will be accepted at more than 25,000 local merchants, allowing travellers from 10 countries and regions to enjoy a convenient and cashless experience as they travel across Nepal simply by scanning the MOCO Unified QR Code.

This joint solution provides a dual-mode approach to banking infrastructure modernisation, designed to seamlessly coexist alongside the existing infrastructure of incumbent financial institutions.

The round was led by Indus Valley Capital, with participation from Gobi Partners.

Princeton Digital Group (PDG), Singapore-headquartered data center provider, has announced that it has acquired powered land for 500 MW capacity expansion in key markets across Asia.

Multilateral development banks (MDBs) announced on last Friday that their global climate finance reached a record high of $125 billion in 2023.

Family Offices in Asia Pacific are investing more in public equity and fixed income, and are bullish on private equity, Citi Private Bank Survey showed Wednesday.