Japan Airlines (JAL) becomes one among the airlines to offer COVID-19 insurance to its passengers on international flights called JAL COVID-19 cover. The Airlines has joined hands with Allianz Travel to provide complimentary cover for testing, medical expenses and quarantine costs in the event that customers test positive for COVID-19 during their travel. The insurance […]
The German aircraft manufacturer Volocopter is all set to launch its first flying electric taxi service in Singapore within the next three years. The taxis developed by volocopter are electrically powered that take-off, land vertically and is also emission-free; it can accommodate up to two passengers and fly directly to the destination. The company had […]
AT&T Inc and Sony Pictures Entertainment announced that AT&T has agreed to sell its anime streaming service Crunchyroll to Funimation Global Group for $1.175 billion. Funimation Global Group is a joint venture between Sony Pictures Entertainment Inc and Sony Music Entertainment Inc’s subsidiary, Aniplex Inc. Sony’s Funimation Global Group has one million paying subscribers will […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
Petronas (Petroliam Nasional Berhad), the Malaysian oil and gas giant will continue to expand its business in renewable energy mainly in solar and wind energy to intensify its flexibility against all challenges that are faced by the oil and gas (O&G) industry. Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economic Affairs) […]
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia announced the expansion of its flagship localization program to boost domestic supply chains and to increase local content. It is a notable milestone in the company’s In-kingdom total value Add (iktva) program, through Industrial Investment Program (IIP) the company includes the expansion for […]
According to United Nations, COVID-19 pandemic is pushing the number of people in need of humanitarian assistance to unprecedented levels and in one year the ranks of extreme poverty has increased dramatically. In its Global Humanitarian overview 2021 the United Nations said one in 33 people will need aid to meet basic needs like water, […]
Lufthansa’s Boeing 777F aircraft has operated it’s first-ever 100% carbon neutral cargo flight, from Frankfurt Germany using only Sustainable Aviation Fuel (SAF). The air freight flight and logistics service provider transported goods from Siemens Healthineers AG. Sustainable Aviation Fuel refers to synthetic kerosene. It is mainly produced from biomass, such as sustainable or recyclable vegetable […]
The European Commission has fined the pharmaceutical companies Teva and Cephalon a total of €60.5 million for a ‘pay for delay’ agreement, for several years. The fines imposed by the European Commission on Teva and Cephalon are €30 million and €30.5 million respectively. According to EC the antitrust rules were violated by the agreement and […]
Diplomatic tensions rise between Australia and China due to anti – dumping measures imposed by China on Australian wine, Australia said it was “extremely disappointed” with china’s decision to impose preliminary tariffs. David Littleproud, Australia’s Agriculture Minister said “Today’s decision is a seriously concerning development and one which Australia will be vigorously fighting against,” “The […]
The director General of IAEA (International atomic energy agency) Rafael Mariano Grossi and the president of Finland Sauli Niinistö hold virtual meeting to discuss the use of Nuclear energy in support of climate change goals. One of the main topics discussed was about nuclear verification and possibilities for cooperation in nuclear safety projects in the […]
IBM has teamed up with Infocomm Media Development Authority ( IMDA ) to hire and train 300 Singaporean professionals over the next four years; Applicants will receive training to improve digital skills . This program involves training for roles such as cloud architects, data scientists, Big data engineers, UX Designers, Full-Stack Digital Developers and Digital […]
Deutsche Bahn, The German Railway Company and Siemens Mobility have announced plans to test hydrogen – powered fuel cell trains. This technology is expected to reduce CO2 emissions and eliminate diesel units. It was mentioned by the companies in a joint statement that testing phase will commence in 2024. To develop hydrogen powered prototype vehicle, […]
One of the world’s largest food retail groups, Ahold Delhaize to acquire New York City’s online grocer FreshDirect. The Dutch grocery company Ahold Delhaize will acquire the majority share in FreshDirect, while private equity firm Centerbridge partners will buy 20% stake FreshDirect will retain its brand name and will also continue to independently operate out […]
Panasonic has signed a preliminary agreement with Nordic energy company Equinor and the industrial group Norsk Hydro to explore the possibilities for building a “sustainable and cost-effective European battery business” for electric vehicles in Northern Europe. Over the coming months these three companies will work to evaluate the market for lithium-ion batteries in Europe. Mototsugu […]
