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Thyssenkrupp Nucera abandons US green hydrogen projects no longer deemed feasible -CEO
By Marleen Kaesebier and Christoph Steitz (Reuters) -Thyssenkrupp Nucera is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by U.S. President Donald Trump, its CEO said on Wednesday. Global demand for green hydrogen had stalled amid concern among clean-tech players over what Trump's policies would mean for the industry. But Thyssenkrupp Nucera's chief executive Werner Ponikwar said the company had more clarity around the financial viability of U.S. projects after the enactment of U.S. legislation that eliminated some tax credits for low-carbon energy sources. "We have sorted out all projects that have less chance of being realized due to the new framework conditions in the U.S.," Ponikwar said in a call with journalists after the company reported results. Trump's sweeping spending and tax legislation has made it harder to develop green tech projects in the U.S. by effectively phasing out renewable energy tax credits after 2026 if projects have not started construction. Ponikwar said that with projects still expected to receive funding if they start construction work before a revised end of 2027 deadline, Thyssenkrupp Nucera will be able to advance state-side projects, especially those in advanced stages. "We are convinced that the hydrogen electrolysis market continues to offer enormous potential," Ponikwar said, while adding that the company needs to be more patient than initially hoped. If U.S. projects do not come to fruition, Thyssenkrupp Nucera will utilize its U.S. resources "for other purposes", Ponikwar said, echoing his sentiments from December. Sign in to access your portfolio
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PwC India plans to create 20,000 additional jobs in next five years
PwC India has unveiled plans to increase its employee base to 50,000 over the next five years with the creation of 20,000 new jobs. The company announced its Vision 2030 approach with a target of tripling its revenue within five years. This plan includes a commitment to invest more than 5% of annual revenues in technology and innovation. The firm intends to concentrate on several key areas, such as digital transformation, sustainability, risk management, cloud computing, and cybersecurity, to assist clients in adapting to ongoing changes in the business landscape. PwC India perceives the forthcoming five years as a crucial time for the country to influence its future, aligning its goals with the broader national vision of 'Kal Ka Bharat.' The firm's strategy aims to support India's development while pursuing its own growth. The firm plans to allocate 1% of its revenues to employee training and development. It is also looking to expand its operations into Tier 2 and 3 cities, focusing on sector-specific and digital skills to promote local economic growth. Additionally, PwC India aims to enhance its social contributions through the PwC India Foundation, with a target to impact more than 500,000 lives by 2030. The firm's growth strategy is centred around six primary sectors: financial services, healthcare, industrial manufacturing, automotive, technology, and media and telecom. These sectors are seen as having significant potential for transformative change. PwC India will also explore emerging sectors to establish an early foothold. The firm acknowledges that future success will require significant changes in business models and operations. As such, it is transitioning from a traditional service provider to a more modern, delivery-oriented organisation, leveraging sector expertise and advanced technologies. Continued investment in regional delivery centres and centres of excellence is part of this strategy, aimed at improving service delivery for both domestic and international clients. With operations in all major Indian cities, nearly 900 partners, and a workforce of 30,000, PwC India is focused on maintaining a steady growth trajectory, having experienced consistent growth over the past four years. "PwC India plans to create 20,000 additional jobs in next five years" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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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Citcon enters alliance with GMO Payment Gateway
Integrated payment solutions provider Citcon has joined forces with Japan-based firm GMO Payment Gateway to expand cross-border payment capabilities. The alliance is an extension of GMO-PG's previous investment in Citcon and aims to enhance the payment offerings available to merchants across several key markets. It will enable Citcon to incorporate GMO-PG's Japanese payment methods into its existing platform, which include credit cards, digital wallets, and convenience store payments. Consequently, merchants operating in the US, Canada, the UK, and China will be able to accept payments commonly used by Japanese consumers. In the future, GMO-PG intends to utilise Citcon's global infrastructure to broaden its service reach, allowing Japanese merchants to process international payments through Citcon's suite of payment solutions. Citcon CEO Casey Bullock said: 'At Citcon, we are committed to making global commerce easier and more inclusive. This partnership with GMO-PG adds essential Japanese payment methods to our platform, enabling our merchants across North America, Europe, and Asia to better serve Japanese customers. 'It also allows GMO to bring Citcon's global capabilities to its domestic merchants, creating a powerful two-way bridge for commerce.' GMO Payment Gateway specialises in payment services that support online businesses and the transition to cashless operations, including digital transformation initiatives. GMO Payment Gateway director and executive vice president Ryu Muramatsu said: 'GMO-PG is proud to advance our strategic partnership with Citcon, building upon our previous investment. 'Citcon's strong global presence and expertise in cross-border payments present a compelling opportunity to serve both Japanese merchants seeking to expand internationally and global merchants aiming to enter the Japanese market.' Set up in 2015, Citcon enable merchants to accept payment methods, including more than 100 mobile wallets, credit cards, and alternative payment options, through a single platform integration. "Citcon enters alliance with GMO Payment Gateway " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
