Foxconn plans to spend that amount on top of the $1.6 billion it earlier set aside for the 300-acre site close to Bengaluru’s airport, said people familiar with the matter.

Financing probably will take the form of a convertible bond in the coming weeks with the participation of German chemicals giant BASF SE, said CEO Henk van Alphen.

The German company adopted the “China for China” strategy in 2018 to meet surging demand for its LCD panels there.

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

The European Parliament and the EU Council endorsed December 8 part of a package that sets common rules for natural gas, renewable gases and hydrogen.

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

The Japanese carmaker will receive gearboxes and engines for 12 of its plants, as well as half a million parts annually, the companies said December 6.

The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.

In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.

The Cheongju, South Korea-based firm inked a contract December 1 with Samsung to supply cathode-active materials worth 43.8 trillion won ($33.5 billion) between 2024 and 2028.