UK's Truss says she is resigning as PM

13 Sept 18:15 Key points summarised by AI

Liz Truss announced her resignation as UK Prime Minister after just six weeks, admitting she could not fulfill her mandate.
Her departure was prompted by an economic program that caused market turmoil and divided her Conservative Party.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).