Tue, 21-Oct-2025

Toshiba to split business into three: report

TOKYO: Toshiba plans to split into three companies as early as 2023, a report said on Tuesday, after a series of crises at the firm, including the ouster of the board’s chairman and a contentious buyout offer. The Nikkei Asia, a business daily, said the three units would focus on infrastructure, devices and semiconductor memory and are expected … Read more

Route to net zero emissions to cost global economy $5 trillion annually

Bank of America

WASHINGTON: A report from the Bank of America has warned reaching net zero will cost the global economy $5 trillion annually for the next 30 years, Arab News reported. On the eve of the UN’s COP26 environmental conference in Scotland this month, where countries who signed the 2015 Paris Agreement to reduce carbon emissions will review their … Read more