The British Investment bank HSBC holdings has announced that it will exit U.S. retail banking business to concentrate on its largest market in Asia. HSBC will be exiting 90 branches out of 148 branches and the bank will retain a small network of physical locations in existing markets, the bank will exit from all Personal, […]
The Largest solar developer in Europe, Lightsource bp will invest around €900 million in Portugal solar development. The company will enter into co-development partnership with local company named INSUN for five utility-scale projects. These projects will add over 1.35GW of low-carbon renewable power to Portugal’s energy mix. The projects are currently in the early stage […]
The South Korean portal operator Naver said that it plans to cut green house gas emissions to zero by the year 2040. A official from Naver said in a statement: “As digitalisation is accelerated under COVID-19, greenhouse gas emissions are expected to increase at a rapid rate,” “As a leading internet business, Naver will join […]
SberAutoTech, a subsidiary of Sberbank based in Russia has developed a self driving vehicle called FLIP, the company calls it “taxi of the future”. The company diversifies in areas ranging from food delivery, cloud computing taxi services and cyber security. The self driving vehicle FLIP is developed in such a way that it has a […]
The new Airbus A330neo has become the first large airliner to get certified by EASA (European Union Aviation Safety Agency) for ICAO’s (International Civil Aviation Organisation) new CO2 Emissions standard. Airbus will not only become the first manufacturer to receive such certification for any commercial aircraft globally, this also means that the aircraft which Airbus […]
The Dutch court ordered Shell oil company a subsidiary of Royal Dutch Shell plc to cut 45% of carbon emissions by 2030. This ruling could possibly pave the way for legal action against energy firms around the world. The district court in Hague ruled that the energy giant has a duty to reduce emissions and […]
The American multinational Carlyle Group buys UK pharmaceuticals Vectura Group for £958 million. Around 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer representing a 32% premium on the ex-dividend closing price of the stock. The chairman of Vectura group Bruno Angelici said: “Vectura has […]
The American based company Amazon web services to open data centres in United Arab Emirates ( UAE ) in the first half of 2022. The Middle East ( UAE ) Amazon Web Services will consist of three availability zones and will become AWSs second region in the UAE after Bahrain. With 25 geographic regions AWS […]
The American messaging app developer Snap to buy reality tech company WaveOptics for over $500 million. Snap introduced their next generation of Spectacles, which brings augmented reality to life. They are lightweight display glasses, made for creators to overlay their Lenses directly on to the world, exploring new ways to fuse fun and utility through […]
The Swedish based company H2 Green Steel (H2GS) has raised $105 million initial funding to accelerate the transition into fossil-free steel making . The steel company targets large European OEM’s and also will be one of the large scale steel producer based on a fossil-free manufacturing. H2GS has developed a close collaboration between the investor […]
The American based aerospace firm, Firefly Aerospace has announced that it picks SpaceX to launch its Blue Ghost lunar lander in 2023. The Senior Vice President of Spacecraft at Firefly Aerospace Shea Ferring, said: “Firefly is excited to fly our Blue Ghost spacecraft on the highly reliable Falcon 9, which will deliver NASA instruments and […]
The German Based Deutsche bank has set up its ESG Centre of Excellence (COE) in Singapore. The bank is focused on executing ESG transactions, advisory services and new product development which will work across all the business divisions of Deutsche Bank. This also includes sharing of global best practices with asian regulators and regional bodies […]
