Author Archives
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EPA waives environmental rule to ease fuel shortage in 12 states
U.S. environmental regulators have issued emergency fuel waivers to help alleviate shortages in reformulated gasoline in 12 states and the District of Columbia. The supply of fuel has become constrained five days after a cyberattack shuttered the country’s biggest pipeline…. Read More ›
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US State Department approves sale of $1.7 billion AEGIS Combat Systems to Canada
In a statement the Pentagon said, the U.S. State Department has approved the potential sale of 4 AEGIS Combat Systems manufactured by Lockheed Martin to Canada. The potential deal is valued at up to $1.7 billion. The potential of the… Read More ›
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UK-based THG Plc aims to raise $1Billion in fresh capital
In a statement UK-based consumer brands THG Plc stated, it is in the process of raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group and the remainder from other investors. THG went on to add,… Read More ›
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Softbank Corp invests $60M in Axiata Group Bhd ‘s digital analytics and artificial intelligence unit
On Tuesday, in a statement Malaysian telecoms firm Axiata Group Bhd stated SoftBank Corp will be investing $60 million in its digital analytics and artificial intelligence unit. As part of the deal, Softbank will have a 23% stake in ADA; following the… Read More ›
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BioNTech expands vaccine manufacturing network to Singapore
On Monday BioNTech issued a statement saying it plans on setting up a regional headquarters in Singapore where it will also build its new manufacturing site for vaccines based on messenger RNA technology (mRNA). The development sees the company expanding… Read More ›
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Australian casino operator Star Entertainment Group makes $7 billion acquisition bid for Crown Resorts Ltd
On Monday, Australian casino operator Star Entertainment Group proposed an all-stock acquisition of larger rival Crown Resorts Ltd in a deal that valued at $7 billion (A$9 billion); the deal sees Star Entertainment Group tying up with two private equity… Read More ›
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Second referendum a matter of when not if: Scottish leader Nicola Sturgeon
In a development with potentially big consequences, Scottish leader Nicola Sturgeon has told British Prime Minister Boris Johnson that a second referendum on independence was inevitable following a resounding election victory by her party. Johnson’s Conservative Party is strongly opposed… Read More ›
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Ford Motor Co recalls 661,000 Explorer SUV in North America over roof rail detachment issue
In a statement Ford Motor Co said, it is in the process of recalling 661,000 Explorer sport utility vehicles in North America following a request by U.S. regulators who have said, Ford should recall the model due to the potential loosening… Read More ›
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SEC weighing introduction of new trading rules addressing trading and corporate climate risk disclosures
In a significant development, the new chairman of the U.S. securities regulator told U.S. lawmakers that the agency was weighing options which include the creation of new trading rules to address issues raised by this year’s GameStop Corp trading saga… Read More ›
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Germany lays out roadmap towards green aviation fuel
In a significant development, German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel. The aim of the plan is to ensure that starting… Read More ›
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