The International Finance Corporation ( IFC ), a member off the World Bank Group, and National Central Cooling Company PJSC( Tabreed ), one of the leading UAE-based international district cooling developer are planning to establish a District Energy Investment platform. Both the establishments are clubbing together to establish District Energy Investment Platform in Singapore that […]
The London Headquartered insurance company Aviva to sell its Italian life insurance business to France’s CNP Assurance and its general insurance to Germany’s Allianz for €873 million. Aviva said after selling its remaining business in Italy it may give cash back to shareholders as it plans to focus on Key markets of Canada, Britain and […]
Elon Musk , the founder, CEO and chief designer of SpaceX is trying to build a new city called Starbase in Texas. The SpaceX founder, Elon Musk had tweeted “creating the city of Starbase, Texas.” SpaceX’s Texas facilities are located in Boca Chica Village a town on the state’s Southern tip near Brownsville. Since 2014 […]
The Malaysian oil and gas company Petronas has launched the Malaysia Bid Round (MBR) 2021 through a virtual event for investors to explore and monetize hydrocarbon resource potentials in Malaysia. Malaysia Bid Round is an annual program organised by Petronas, that offers exploration blocks, technical study opportunities. In a statement Petronas said, with 13 exploration […]
South Korea’s Largest telecommunications company KT corporation and the South Korean cellular carrier owned by LG Corporation, LG Uplus has acquired small stakes in SK Telecom’s smartphone app market platform ONE store. Both the companies have invested a total amount of 26 billion won (US$23.1 million) for the app. Together the firms bought an aggregate […]
The Swedish multinational manufacturing company VOLVO , has said that by 2030 it will only sell electric cars . The company will completely discontinue the manufacturing of all the combustion engines including the hybrid vehicles. VOLVO will be introducing a new line of electric cars and will unveiling its battery only model. In a statement […]
South Korea , The East Asian country, drafts US$13.38 billion (15 trillion won) as an extra budget to hand support to small business and secure jobs as the pandemic pushes the government to retain social distancing curbs. The South Korea ministry of finance said that there would be a increase in total government spending. A […]
Deutsche Telekom , The German telecommunications company and by revenue the largest telecommunications provider in Europe Announced its year end results. With a record breaking revenue netting up by 25.4% to €100 billion. The telecom company said EBITDA AL jumped up by 41.6% to €35, and by by 7.9% in organic terms. Deutsche Telekom admitted […]
The American multinational conglomerate holding company AT&T has entered in to a deal to sell a minority stake in satellite broadcaster DirecTV . The stake is sold to a private equity group TPG (Texas Pacific Group) which focuses on Leveraged buyouts and growth capital. The equity group TPG will establish a new company, named DirectTV in […]
Drax , One of the largest biomass and coal fired power station in England has dropped its plan to build a gas plant in Europe after climate protests. The power station confirmed that it would drop plans to build two combined cycle gas turbines(CCGT) replacing two coal burning units at the Drax site. The decision […]
The British multinational investment bank and financial services holdings company HSBC plans to add 5,000 staff in Asia. To become the region’s top wealth manager and to reverse the years of underperformance. The bank plans to add investment counsellors, specialists and relationship managers to serve their clients in Singapore, Mainland china and Singapore. In a […]
The California-based venture-backed aerospace company Joby Aviation reveals its first electric aircraft. The company has spent more than a decade developing all-electric, piloted, vertical takeoff and landing passenger aircraft, And with over 1,000 test flights conducted to date. Joby Aviation will become a public company by clubbing with Reinvent Technology Partners. Which is a SPAC backed […]
