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New members of the Executive Committee and Nominating Committee, as well as the President and Vice President, have been chosen by the International Union of Marine Insurance (IUMI) Council for the years 2022–2023. In addition to Kosuke Hashimoto of Japan and the General Manager of Maritime Underwriting at Tokio Marine & Nichido Fire Insurance serving […]
The head of Aramco, the largest oil producer in the world, called out individuals who “shame oil and gas investors” and emphasised the necessity for a reliable energy transition strategy. The global energy crisis, according to Saudi Aramco, was caused by a lack of investment in fossil fuels. Saudi Aramco also cautioned that excess production […]
Geradin Partners, a law firm representing publishers will soon launch two lawsuits in British and Dutch courts against Alphabet subsidiary Google over its digital advertising tactics, seeking damages in the amount of up to 25 billion euros ($25.4 billion). “It is time that Google owns up to its responsibilities and pays back the damages it […]
The world’s longest-serving queen, Queen Elizabeth II, who witnessed the atrocities of World War II as a teenager and later, as an elderly monarch, the agonies of a lethal pandemic and the personal suffering of her own family’s strife, has passed away. She was 96. The British royal family stated that the queen passed away […]
The company of Indian billionaire Gautam Adani announced on Tuesday that it wants to own a majority position in the well-known New Delhi Television (NDTV), a move that the TV news organisation claims was made without its permission. NDTV issued a statement saying the move by the Adani Group “was executed without any input from, […]
For the six months ending June 30, 2022, DP World Limited reported impressive financial results, with total revenue increasing by 60.4% on an annual basis and 20.1% on a like-for-like basis. Acquisitions, the efficient operation of feeder services, and the expansion of high-margin cargo all contributed to increased revenue. The increase in storage demand drove […]
On Sunday, Saudi oil company Aramco reported a staggering 90% increase in second-quarter net profits and record half-year earnings, as high oil prices continue to generate historic windfalls for “Big Oil.” Strong market circumstances aided Aramco’s second-quarter net profits of $48.4 billion, up from $25.5 billion the previous year. The outcome was greatly above experts’ […]
On Sunday, a US congressional delegation led by Rep. Ed Markey landed in Taiwan, less than two weeks after China held a series of military drills in retaliation for House Speaker Nancy Pelosi’s visit to the island. During their two-day tour to the island, the five MPs are slated to see President Tsai Ing-wen, amid […]
More than 45 start-ups worth at least $1 billion are predicted to emerge from the Middle East and North Africa by 2030, headed by Saudi Arabia. The Saudi technology venture capital fund said in a study released on Tuesday that the acceleration of the start-up ecosystem is being driven by a growing talent pool, technology […]
Twitter has filed a lawsuit against billionaire Elon Musk in an attempt to force him to acquire the social media company, launching a legal war with the world’s richest man. It comes after Musk stated on Friday that he was withdrawing his proposed $44 billion (£37 billion) buyout of Twitter. The Twitter takeover agreement stipulates […]
Boris Johnson, the Prime Minister of the United Kingdom, resigned today, bringing to a close a nearly three-year reign marred by controversy and scandals. The news comes as the number of resignations from Johnson’s cabinet and the party has exceeded 60 since Tuesday evening, with one Conservative Party member after another openly expressing their dissatisfaction […]
The 65-year-old billionaire Mukesh Ambani has begun the early phases of succession planning at his energy-to-technology giant Reliance Industries Ltd, designating two of his children as the chiefs of major companies in his $217 billion empire. Akash Ambani, the 30-year-old son of Reliance Industries Ltd (RIL) chairman Mukesh Ambani, was chosen chairman of Reliance Jio […]
