Following the fall in oil prices and as oil-rich Gulf countries take advantage of the falling cost of solar power to diversify their energy supplies, Rome-based utility owner Enel SpA is targeting renewables projects in Saudi Arabia and the United… Read More ›
Day: January 17, 2017
Unintentionally Helping OPEC is China’s Oil Collapse
Unlikely support from its biggest customer is forthcoming for OPEC’s campaign to prop up oil prices. According to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc, China’s production is forecast to fall by as much… Read More ›
Shepherded by Trump GM to announce $1 billion investment at its U.S. plants
Despite the posturing of U.S. auto giants, the Trump administration is likely to lead to higher input costs, which could moderate the demand of SUVs, which is currently on a high, due to higher prices. According to a person who… Read More ›
Angry Bird developers set to open game studio in London
It plans on hiring nearly 20 people for its project which involves creating characters for massively multiplayer online (MMO) games. In 2016, Rovio booked a small profit in comparison to 2015’s loss. The fall of the British sterling has a… Read More ›
Davos study finds $12 trillion can be unlocked by developing UN’s Sustainable Development Goals
The study finds that reducing food wastage and carbon trading alone could reap in $405 billion globally. Going by a study done by global leaders in business and finance, by implementing a few key developments goals, companies across the globe… Read More ›