Fears that the Ukraine-Russia crisis would impair global supplies are driving up oil and gas prices. On Tuesday, the price of Brent oil, a global benchmark, hit a seven-year high of $99.38 a barrel. After recognizing two rebel-held territories in… Read More ›
Day: February 22, 2022
Women Now Hold About 40% Of Board Seats In UK FTSE 100 Companies
According to a government-backed analysis, women currently hold nearly 40 per cent of board posts at the UK’s largest companies. According to the FTSE Women Leaders Review, 414 women served on the boards of FTSE 100 companies last year, up… Read More ›
Saudi Arabia celebrates its foundation day for first time
On Tuesday, for the first time Saudi Arabia celebrated its founding day nearly 300 years ago, and chose to downplay the role played by clerics from the ultra-conservative Wahhabi school of Islam. The anniversary marks the day in 1727 when… Read More ›
U.S.-European Union Trade and Technology Council to meet on May 15-16
In a statement the EU’s antitrust chief Vestager said, the U.S.-European Union Trade and Technology Council, which was set up last year to strengthen strained transatlantic trade ties and help allied democracies better compete with China, will meet for the… Read More ›
E-Bike startup Zoomo raises $20M in Series B funding round
On Tuesday, Zoomo, a startup that designs and sells commercial grade e-bikes for online deliveries said, it had raised an additional $20 million in its latest funding round to fund its European expansion and grow its software and engineering teams…. Read More ›
Mercedes-Benz boosts production of EV vehicles, keeps production lines in synch with market demand
In a statement Mercedes-Benz said, it expects its factories to exclusively produce electric vehicles (EVs) from the second half of this decade; however, it will steer clear of building EV-only plants but instead keep production lines flexible, in line with market… Read More ›
De Beers CEO Predicts Steady Supply Of Natural Diamonds And Moderate Industry Growth
The global supply of natural diamonds has reached its highest point and it is likely to stay constant over the next several decades, according to the CEO of mining behemoth De Beers. The executive of the global diamond seller also predicted that the industry will expand… Read More ›
Covid-19 Virus Was Discovered In Samples From Pig And Beef Import Packaging In Hong Kong
Covid-19 was discovered in samples obtained from the packaging of frozen beef imported from Brazil and frozen pig skin imported from Poland in Hong Kong, according to the city’s regulators, who promised to increase food inspections. The global financial center follows mainland China’s… Read More ›
Thailand interested in purchasing 8 F-35 stealth fighters
According to a senior official from US defense giant Lockheed Martin, Thailand’s interest in the F-35 stealth fighters is genuine, clearance to purchase the jets however is a matter for the U.S. government. Speaking on the sidelines of the Singapore… Read More ›
Goldman Sachs’ Private Wealth Management division opens office in Monaco
In a statement Goldman Sachs said, its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader European expansion plans. To this end, it has hired Arnaud Caussin, Thibaut Lambert… Read More ›