Author Archives
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Nestle increases its footprint in plant-based protein with this collaboration
On Friday, food giant Nestle stated, it has decided to collaborate with Canadian plant-based food ingredient makers Burcon and Merit to increase its footprint in the fast-growing plant-based protein segment. The teaming up will allow Nestle to tap into Burcon’s… Read More ›
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Trump scheduled to sign USMCA on Wednesday
U.S. President Donald Trump is scheduled to sign a trade pact between the United States, Canada and Mexico on Wednesday during a ceremony at the White House, said an administration official while adding, invitations for attending the event has already… Read More ›
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China’s coronavirus likely to impact first quarter profits of Chinese airlines
Chinese authorities have locked down two entire cities as they struggle to contain the outbreak of the new coronavirus which has so far reportedly killed 17 people and has infected more than 600 people, even as countries across the world… Read More ›
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Financial markets should be ready in case of cliffhanger Brexit: Britain’s Financial Conduct Authority
On Thursday, Nausicaa Delfas, executive director of international at Britain’s Financial Conduct Authority stated, it would be prudent for financial firms in Britain to be ready in case Britain does not sign a trade deal with the European Union by… Read More ›
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Siemens eyes reconstruction projects in Middle East, asks Trump for equal treatment
On Thursday, Joe Kaeser, Siemens’ Chief Executive disclosed, he perceived a more positive mood among his client. “They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,” said… Read More ›
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Japan’s Mercari acquires Origami as cashless payments spreads in Japan
On Thursday, Mercari Inc, a fleamarket app operator stated, it has decided to acquire QR code payment app operator Origami for an undisclosed sum. The deal marks the latest consolidation in the industry even as cashless payments take off in… Read More ›
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Bernard Looney to be BP’s CFO
In a statement, BP stated, Brian Gilvary, its finance chief who will be stepping down in June 2020 after eight years of service in the company, will be replaced by Bernard Looney, who incidentally will become the company’s chief executive… Read More ›
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Petrobras loses $2 billion tax dispute
In a statement, Brazil’s state-run oil firm Petrobras said, it has lost an appeal over $2.14 billion (9 billion reais). The case relates to a tax dispute which dates back to 2011 and 2012. Petrobras said, it will stick to… Read More ›
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Michigan settles with Tesla, allows direct delivery of vehicles to customers
According to a source familiar with the matter at hand, Tesla Inc has reached a settlement with the U.S. state of Michigan to allow it to directly deliver its electric vehicles to customers in the state. Tesla will be allowed… Read More ›
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Britain’s TalkTalk sells fiber optic network to CityFibre for $260 million
On Tuesday, British broadband supplier TalkTalk stated, it has agreed to sell its fiber network to CityFibre for $260 million (200 million pounds). TalkTalk said it had agreed to a wholesale agreement with Goldman Sachs-backed CityFibre for its residential and… Read More ›
