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China starts construction on world's largest hydropower dam in Tibet
HONG KONG (Reuters) -China's Premier Li Qiang announced the start of construction on what will be the world's largest hydropower dam, located on the eastern rim of the Tibetan plateau and estimated to cost around $170 billion, the official Xinhua news agency said. The project is part of China's push to expand renewable energy and reduce carbon emissions. Consisting of five cascade hydropower stations, the dam will be located in the lower reaches of the Yarlung Zangbo River and could affect millions downstream in India and Bangladesh. Li described the hydropower project as a "project of the century" and said special emphasis "must be placed on ecological conservation to prevent environmental damage", Xinhua said in its report on Saturday. Authorities have not indicated how many people the Tibet project would displace and how it would affect the local ecosystem, one of the richest and most diverse on the plateau. But according to Chinese officials, hydropower projects in Tibet will not have a major impact on the environment or on downstream water supplies. India and Bangladesh have nevertheless raised concerns about the dam. NGOs including the International Campaign for Tibet say the dam will irreversibly harm the Tibetan plateau and that millions of people downstream will face severe livelihood disruptions. The dam is estimated to have a capacity of 300 billion kilowatt-hours of electricity annually and is expected to help meet local energy demand in Tibet and the rest of China. The project will play a major role in meeting China's carbon peaking and carbon neutrality goals, stimulate related industries such as engineering, and create jobs in Tibet, Xinhua said in December when the project was first announced. A section of the Yarlung Zangbo falls a dramatic 2,000 metres (6,561 feet) within a short span of 50 km (31 miles), offering huge hydropower potential. The Yarlung Zangbo becomes the Brahmaputra river as it leaves Tibet and flows south into India's Arunachal Pradesh and Assam states and finally into Bangladesh. China has already started hydropower generation on the upper reaches of the Yarlung Zangbo, which flows from the west to the east of Tibet.
Yahoo
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Shareholders in Metis Energy (SGX:L02) are in the red if they invested three years ago
Metis Energy Limited (SGX:L02) shareholders should be happy to see the share price up 23% in the last month. But that doesn't change the fact that the returns over the last three years have been less than pleasing. In fact, the share price is down 44% in the last three years, falling well short of the market return. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Because Metis Energy made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size. Over the last three years, Metis Energy's revenue dropped 33% per year. That means its revenue trend is very weak compared to other loss making companies. On the face of it we'd posit the share price fall of 13% compound, over three years is well justified by the fundamental deterioration. It would probably be worth asking whether the company can fund itself to profitability. The company will need to return to revenue growth as quickly as possible, if it wants to see some enthusiasm from investors. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic. A Different Perspective Investors in Metis Energy had a tough year, with a total loss of 23%, against a market gain of about 27%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 1.6% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Metis Energy is showing 4 warning signs in our investment analysis , and 2 of those are a bit unpleasant... But note: Metis Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
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MegazoneCloud Appoints Bob Moore as CEO of U.S. Operations to Accelerate North American Expansion
To lead U.S. business operations and Go-to-Market (GTM) strategy, expanding enterprise customer base and strengthening partnerships Former PwC Partner and CEO of EagleDream Technologies with extensive experience in enterprise cloud and digital strategy, known for helping clients scale with emerging technologies SEOUL, South Korea, July 20, 2025 /PRNewswire/ -- MegazoneCloud, a leading AI and cloud-native technology services company, headquartered in Korea, has appointed Bob Moore as CEO of its U.S. operations to drive its North American business expansion. Moore joins from PwC, where he most recently served as a leader in the firm's U.S. cloud and digital strategy practice. As CEO of MegazoneCloud's U.S. entity, Moore will oversee all aspects of local business operations and Go-to-Market (GTM) strategy. He will focus on expanding the enterprise customer base in the U.S. while strengthening strategic collaboration with key cloud and technology partners. Until recently, Moore was a leader in PwC's U.S. Cloud and Digital Strategy unit as a Partner, where he led and scaled the firm's AWS alliance and delivery capabilities after the acquisition of his company EagleDream Technologies. He helped major global enterprises accelerate their digital transformation and operational scalability through cloud and AI adoption, delivering measurable business outcomes. Prior to PwC, Moore served as CEO of EagleDream Technologies, a cloud-native consulting firm he founded, where he drove the company's growth into an industry leader. Throughout his career, Moore has focused on helping organizations harness emerging technologies to fuel their business growth. His appointment reflects MegazoneCloud's ambition to become a global leader in digital transformation. "Bob has the experience and leadership we need to grow in the U.S.," said Doug Yeum, Global CEO of MegazoneCloud. "He understands how to help enterprises adopt new technologies and will move quickly to build our presence by leveraging our customer successes, partnerships, and proprietary platforms." "MegazoneCloud has a strong track record of helping global customers drive real transformation through cloud and AI adoption," said Bob Moore, CEO of MegazoneCloud USA. "I'm excited to join a company with such deep customer focus and AI-Native technology expertise and look forward to building a differentiated, high-impact business in the U.S. market." About MegazoneCloud MegazoneCloud is a global leader in AI and cloud-native managed services, with more than 2,000 cloud, AI, and security experts supporting over 7,000 customers worldwide. Headquartered in South Korea and operating across nine countries including the U.S., Japan, and Southeast Asia, MegazoneCloud helps enterprises accelerate digital transformation through its proprietary platforms, strategic partnerships with major cloud providers (AWS, Microsoft Azure, Google Cloud), and over 140 ISV partners. View original content to download multimedia: SOURCE MegazoneCloud 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
