The British multinational oil and gas company BP plc has announced gas production from third stage of West Nile Delta (WND) development which is off the mediterranean cost in Egypt. With approximately $9 billion, The development of WND includes five gas fields across the north Alexadria, West Mediterranean Deepwater offshore concession blocks in the Mediterranean […]
The American multinational corporation, Koch invests in Next-generation Internet of Things (IoT) as the global market for (IoT) is expected to grow nearly $1 trillion by the year 2025. To enable this growth, it is necessary that 5G technology is enabled globally. 5G wireless technology facilitates faster connections for connected devices. BlackRock, Koch Strategic Platforms […]
The battery material solution provider SK IE technology has raised $2 billion in its initial public offering (IPO), the country’s biggest in four years. SK IE Technology has priced the offering at 105,000 won per share, the top of a marketed range, according to an exchange statement on Monday. The portion for institutional investors was […]
The South Korean biotechnology company, Samsung Biologics and commercial stage biopharmaceutical company, TG Therapeutics said that it has expanded a large-scale contract manufacturing deal for the supply of TG Therapeutics’ ublituximab. The company Samsung Biologics said it is currently building its fourth and largest biomanufacturing facility in Incheon, Korea. The biopharmaceutical company, TG Therapeutics has […]
Japan’s biggest airline All Nippon Airways (ANA) aims for carbon neutrality by 2050 that is by reducing carbon emission levels from aircraft operations to net zero. As part of its latest Environmental, Social and Governance (ESG) goals, updating its target set in July 2020 to reduce CO2 emissions by 50 percent by 2050 (compared to […]
The American investment bank and financial services holding company, J.P. Morgan Chase & Co announced that it is using blockchain technology to improve funds transfers between banking institutions globally. The firm includes the payments originating from Taiwan banks to beneficiary banks in other markets. With the new solution called Confirm, information exchange related to payments […]
The Swedish multinational manufacturing company, Volvo aims to lower CO2 emissions of 2.5 million tonnes using circular business principles by the year 2025. The company’s long-term goal to become a circular business by 2040, Volvo Cars will create closed material loops for emission-heavy materials such as steel and aluminium, as well as remanufacture, repair, reuse […]
The Anglo-Dutch multinational oil and gas company, Shell, to trial the use of hydrogen fuel cells for ships for the first time in Singapore. If the trial is successful, it would lead the way for cleaner , hydrogen-powered shipping. The charterer of the trial vessel and the hydrogen fuel provider, is working with SembCorp Marine […]
Ocado, that develops software, robotics, and automation systems for online retailers has invested £10 million in Oxbotica, an autonomous vehicle software company. The company Ocadoa, leading UK-based online grocery platform and solutions provider announced the partnership with the Oxford-based startup Oxbotica to develop a range of autonomous vehicles. Ocado is treating this as a strategic […]
The American multinational investment bank and financial services company Goldman Sachs invests around £50 million ($69 million) in Starling Bank, a digital challenger bank based in the United Kingdom. Starling Bank has raised £50 million in funding from Goldman Sachs growth equity investment arm. This new cash flow comes from on top of a £272 […]
The British manufacturing company Melrose Industries to sell its Nortek Air Management business to Chicago-based Madison Industries for approximately £2.62 billion ($3.625 billion). In the Year 2016 the Melrose Industries acquired Nortek for £2.2 billion, in the same year Melrose seed funded a new technology for the nascent StatePoint business, with an initial $2 million […]
The independent agency of the U.S. federal government, National Aeronautics and Space Administration ( NASA ) has chosen SpaceX an American aerospace manufacturer and space transportation services company to land NASA astronauts in moon for $2.89 billion. The agency’s powerful Space Launch System rocket will launch four astronauts aboard the Orion spacecraft for their multi-day […]
The American multinational investment bank and financial services corporation, Citigroup has announced its intentions to exit the consumer banking operations in 13 countries including India. The 13 nations Citibank (the largest foreign bank in India) will pull out from are Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam. […]
The Mexican multimedia mass media company Televisa merges with American Spanish-language free-to-air television network, Univision for a $4.8 billion in which Televisa will contribute its content assets. The New combined company, Televisa-Univision will create the global leader in spanish-language media,Televisa-Univision will have the operating assets, financial scale and audience reach to accelerate its digital transformation […]
The Dubai government-owned bank Emirates NBD partners with the Supply Chain firm Monimove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. This alliance will enable Emirates NBD’s SME clients to execute their local and international transactions smoothly on an innovative supply […]
