Siemens Mobility inks $ 8.7 billion deal for high-speed rail in Egypt

A train passes through a station in Egypt. The project involving Siemens Mobility will use trains that can reach a top speed of 230 kilometers per hour, and the line will be fully electrified. Paulvinten | Istock | Getty Images A new high-speed rail line is coming to Egypt, with developer Siemens Mobility saying it … Read more

China Contagion Threatens to Derail the World’s Emerging Markets

Currency losses are also driving a selloff in local bonds, which sank to the worst first four months of a year on record, as performance in April alone was the worst since the peak of the pandemic in March 2020. The main drag here was China again , with a 41% weight in the Bloomberg … Read more

War Gives Oil Producers Greater Clout at Global Climate Talks

And there’s another way of looking at the situation. While the war will force nations to take a more hard-headed approach to tackling climate change, it should also help them realize that their national security depends on switching to homegrown clean energy, says Christiana Figueres, an architect of the 2015 Paris Agreement. “What I expect … Read more