Boeing revealed on Wednesday that it has lost $1.1 billion in costs connected to its deal with the Trump administration to convert two 747 jumbo planes to serve as Air Force One — and CEO Dave Calhoun said the aviation… Read More ›
Month: April 2022
Indian chipmaker Vedanta prepares to invest $20B for manufacturing chips, and displays
According to sources, Vedanta Ltd is seeking 1,000 acres (405 hectares) of land from states along with other incentives as it prepares to sink in $20 billion to manufacture chips and displays. In February, the oil-to-metals conglomerate had said, it will… Read More ›
Indonesia seizes 2 tankers carrying palm oil
On Thursday, in a statement Indonesia’s navy said, it had seized two tankers carrying crude palm oil, palm olein and methanol for want of paperwork. The operation took place a day before a ban on palm oil export took effect…. Read More ›
Ukraine’s Kherson region will use Russian Ruble as official currency from May 1
From May 1, 2022, Ukraine’s Kherson region will start using the Russian Ruble as its official currency said, the region “military-civil administration”. According to Kirill Stremousov, Kherson administrator, the transition to the Russian Ruble will take up to four months,… Read More ›
WHO donor countries agree to gradual rise in mandatory fees
In a statement the World Health Organization (WHO) said, earlier this week its members had agreed to gradually raise their mandatory fees starting from 2024, as part of a funding review which is seen as being very important the agency’s… Read More ›
Exxon Mobil declares force majeure on Russian Sakhalin-1 crude oil operations
In a statement Exxon Mobil Corp said, Exxon Neftegas Ltd, its Russian unit, has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. The Sakhalin-1 project produces… Read More ›
Russian LNG exports to Germany are safe: Germany’s biggest gas importer
In a statement, Germany’s top importer of Russian gas said, Russian LNG inflows into Germany are safe, despite the fact Moscow halted supplies to Poland and Bulgaria since transit volumes headed elsewhere have not been affected. Uniper’s CEO however noted,… Read More ›
Delaware court rules in Elon Musk’s favor in Tesla SolarCity deal
In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
Meta’s shares surge after daily active users above analysts estimate
With Facebook’s parent Meta reporting a profit ahead of Wall Street analysts’ estimate, shares of facebook surged by 20% since it defied low investor expectations. Meta’s CEO Mark Zuckerberg said, the company aims to scale back costs and was investing… Read More ›
House of Representatives passes bill to help Taiwan regain observer status at WHO
In a significant development, the U.S. House of Representatives has unanimously passed legislation calling on the State Department to submit a plan to help Taiwan regain its observer status at the World Health Organization. The House of Representatives passed the… Read More ›
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