Exxon has a long term contract to improve Iraq’s West Qurna oil field. In a significant development, Iraq’s Oil Minister Thamer Ghadhban stated, a major oil deal between Iraq and Exxon Mobil is “very close” in the making; the trajectory… Read More ›
Entrepreneurship
Air New Zealand sticks with Boeing for wide body aircraft
Air New Zealand aims to replace 8 Boeing 777-200ER aircraft and was looking for suitable replacement. On Monday, according to industry sources Boeing Co has won a hard-fought battle to sell its wide-body aircraft to Air New Zealand Ltd, and… Read More ›
Sikorsky bags $1.1 billion Pentagon deal
Sikorsky will be making 12 CH-53K King Stallion helicopter for the U.S. military with deliveries to commence in 2022. In a statement, the Pentagon said, it has awarded a $1.1 billion contract to Sikorsky, a unit of Lockheed Martin Corp,… Read More ›
Nvidia’s second quarter forecasts above analysts’ estimate
Nvidia’s second quarter forecasts is based on expectations of a recovery in the gaming market. The mid-end gaming segment continues to be its growth driver. Nvidia Corp has forecast its second-quarter revenues above Wall Street estimates as it expects the… Read More ›
Germany’s Delivery Hero invests in biodegradable packaging manufacturer Bio-Lutions
Companies and governments around the globe are moving to mitigate the menace of plastic waste. In a significant development, German food delivery company Delivery Hero announced it has invested in biodegradable packaging manufacturer Bio-Lutions. The move comes midst companies and… Read More ›
Credit Suisse expands family office services for Greater China
With an increase in wealth in Greater China, there is a significant rise in the number of clients wanting family office services. Credit Suisse aims to tap this emerging market. In a move aimed at increasing its services among wealthy… Read More ›
Amazon in talks with UK food delivery app Deliveroo
Amazon intends to invest a substantial proportion of the $575 million funds that Deliveroo raised, into the gig economy. Amazon.com Inc intends to invest in UK food delivery app Deliveroo as part of a $575 million fundraising. The world’s biggest… Read More ›
Nestle SA in exclusive talks with consortium led EQT Partners and ADIA for selling its skin health business
Although there is no certainty that the deal will go through, but if and as and when it does, Nestle will provide an update on how it will use the proceeds as well as provide a layout of its future… Read More ›
Berkshire Hathaway Inc discloses $861 million stake in Amazon.com
Berkshire Hathaway Inc position in Amazon.com was made in a regulatory filing. Many investors monitor Berkshire’s quarterly filings for signs of which companies Buffett, Weschler and Combs see value. In a regulatory filing, Warren Buffett’s Berkshire Hathaway Inc disclosed that… Read More ›
Elliot Management supports SAP’s cost cutting program
In Wednesday’s annual general meeting, SAP is expected to focus on its restructuring program that will mold it into a digital platform business. On Wednesday, Bill McDermott, the CEO of German business software firm SAP told shareholders that it is… Read More ›
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