South Africa's PIC Leads a $37 Million Pledge for Green Hydrogen
The Development Bank of Southern Africa and the Industrial Development Corporation of South Africa will help finance the SA-H2 fund, which blends public and private capital. It is managed by a partnership between Hague-based Climate Fund Managers and Invest International, a Dutch development finance institution.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Amazon Warns AI Capacity Limits, Stock Retreats
Amazon (NASDAQ:AMZN) slid after its earnings call because Andy Jassy was blunt: AI demand is real, but the company can't just snap its fingers and supply enough capacity. Electricity and chip shortages are the choke points, and he said it will take several quarters to work through it, even if things slowly improve each period. Warning! GuruFocus has detected 5 Warning Signs with NVDA. He pushed back on the idea Amazon is losing the AI race and leaned into the spend$31.4Billion of AI-heavy capex in Q2 is the kind of run rate the back half is built on, with more going into chips, data centers and power. Tariffs haven't bitten yet in H1, he said, but who ends up paying higher U.S. rates later is still unclear. That caution rubbed some investors the wrong way. Lucas Ma of Envision Research warned the heavy investment and mounting competition from GOOG (NASDAQ:GOOG) and META (NASDAQ:META) could squeeze free cash flow, making capital allocation riskier if the AI arms race keeps accelerating. Amazon is chasing a big AI opportunity while bumping up against real limits, so growth hinges on execution and capital discipline. The next signs to watch are whether capacity actually ramps as promised and whether margin or cash flow pressure shows up once tariffs shift. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Tennis star Novak Djokovic among investors to buy a stake in second-tier French soccer club Le Mans
LE MANS, France (AP) — Tennis star Novak Djokovic is part of a group of investors who have bought a stake in French second-tier soccer team Le Mans, along with ex-Formula 1 drivers Felipe Massa and Kevin Magnussen, the club said Friday. Le Mans said in a statement that they join other new financial investors into the club, including Latin American sports investment firm OutField and Georgios Frangulis, the founder and chief executive of OakBerry. Frangulis is the boyfriend of three-time women's Grand Slam champion Aryna Sabalenka. "The uniqueness of this fund also lies in its contribution from high-level athletes," Le Mans president Thierry Gomez said in the statement. "Novak Djokovic, Felipe Massa, and Kevin Magnussen will be part of the adventure.' No financial details were given. Djokovic is the owner of a men's record 24 Grand Slam titles in tennis. The 38-year-old Serb has won 100 career titles overall. Massa won 11 races and secured 41 podiums in his F1 career. When driving for Ferrari, the popular Brazilian was within a whisker of winning the 2008 title, only for Lewis Hamilton to beat him in a dramatic finish at the last race. Hamilton won the title by 98 points to 97. The 32-year-old Magnussen drove close to 200 races in F1, securing one podium and one pole position. But the Danish driver was not retained by Haas at the end of last year when his contract expired. Le Mans soccer club, which is celebrating its 40th anniversary, begins its league campaign on Aug. 9. Le Mans — a small city in northwestern France — also hosts the famed 24-hour endurance car race. ___ AP soccer: The Associated Press
Yahoo
an hour ago
- Yahoo
Shake Shack (SHAK) Drops 14.6% on Weak Outlook
We recently published . Shake Shack Inc. (NYSE:SHAK) is one of the worst-performing stocks on Thursday. Shake Shack saw its share prices drop by 14.6 percent on Thursday to close at $120.34 apiece as investors were said to have soured on its weaker-than-expected outlook for full year 2025, shunning its strong earnings performance during the second quarter of the year. In an earnings call, Shake Shack Inc. (NYSE:SHAK) announced targeting revenues of $1.4 billion to $1.5 billion, which would translate to a growth of 11 to 19.8 percent from the $1.252 billion revenues last year. In the second quarter of the year, Shake Shack Inc. (NYSE:SHAK) registered a 77-percent jump in attributable net income at $17.15 million from $9.67 million in the same period last year. Total revenues increased by 12.6 percent to $356 million from $316 million year-on-year. For the first half, attributable net income jumped by 83 percent to $21.4 million from $11.7 million, while revenues were higher by 11 percent to $677 million from $607 million. While we acknowledge the potential of SHAK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
