Business
In 2018, the wind sector invested US$30.05 billion in new wind farms in Europe. WindEurope reported the news. It also reported that investment is similar to past few years. But, owing to price reduction, it will result in whopping 16.7 gigawatt (GW) in latest energy capacity. Now, the capital investment for 1 megawatt (MW) of latest onshore wind energy requires US$1.57 billion. In 2015, the required amount was US$2.0 billion.
Diageo, a global brewer of alcohol, has a significant collection of top class beer brands and spirits. The alcohol manufacturer has decided to discard plastic from its beer packaging. Diageo announced that in place of plastic, the firm will use 100% biodegradable and recyclable cardboard. Diageo is among the key players making efforts towards improving viability of the packaging. Back in January 2018, another big firm, Evian also declared ban
Researchers from the University of Waterloo have designed a new distribution system that would lower electricity expenses by 5%. This design involves installation of two different electricity currents – direct current (DC) and alternating current (AC) – powering industries and homes. This leads to increase services reliability as this distribution system delivers both kinds of currents. Current distribution system used globally can only deliver AC-type of the distribution systems. This
Festival and shopping have always been synonyms of each other. Nowadays, only their means have changed. Earlier people usually shopped through retail stores until e-commerce came into existence. Nowadays, online sales is more convenient and it is not related to festivals only. As per the recent report, in this holiday season, people have shopped for about US$110.6 billion. People have spent 18% more than what they have spent last year.
The Centre has forced anti-dumping duty of USD163.90-207.72 per ton on Chinese chemical used to make detergents for the next five years to protect the growth of domestic players from getting hindered from cheap imports from China. India has taken the move following the complaint filed by Gujarat Credo Mineral Industries and Chemicals India to Directorate General of Trade Remedies (DGTR) regarding how the import of the inexpensive chemical is