On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
Strategy
Chevron Corp sues Australian fuel supplier Ampol Ltd over alleged breach of trademark license deal
In a statement on Tuesday, Australian fuel supplier Ampol Ltd said, Chevron Corp has launched court proceedings against alleging breaches of a trademark license deal through which previously it used to use the company’s “Caltex” brand. According to Chevron, these… Read More ›
TPH hires Morgan Stanley and JPMorgan Chase for potential sale of Astound
According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
Amid Escalating Trade Tensions, China Again Targets Australian Wine
With increasing tensions between Australia and China, regulators in Beijing have put up another hurdle in front of Australian winemakers. After a complaint from the China Wine Industry Association, an anti-subsidy investigation of some wine imports from Australia has been… Read More ›
Warren Buffett Chooses Five Biggest Trading Houses In Japan To Invest $6bn
Billionaire investor Warren Buffett has chosen Japan’s five biggest trading houses to invest $6bn. These conglomerates have arrange of businesses in everything – ranging from importing food and textiles to the technology and manufacturing industries. Analysts view this move by… Read More ›
Exxon restarted Beaumont, Texas, small crude distillation unit and fludic catalytic cracker units
According to sources familiar with Exxon Mobil Corp’s operations, the oil giant has restarted it’s small crude distillation unit (CDU) and gasoline-producing fludic catalytic cracker (FCC) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery. The 110,000-bpd Crude A CDU and… Read More ›
Irish Finance Minister Claims Possibility To Get Tax Deal On Tech Giant This Year
According to the Irish finance minister, a deal between Europe and the United States on the issue of new tax arrangements for digital giants could be had in 2020 itself. There is a disagreement between countries – especially between the… Read More ›
‘Operational Mistake’ Caused Failure To Remove Kenosha Militia Page, Admits Zuckerberg
The failure of the social media platform Facebook to remove a page that encouraged armed Americans to take to the streets of Kenosha, Wisc, was because of an “operational mistake”, admitted the company’s CEO Mark Zuckerberg. Zuckerberg acknowledged in a… Read More ›
Economic Sentiment In Euro Zone Rises For Fourth Straight Month In August
Following a record drop in economic sentiment in March and April because of the impact of the novel coronavirus pandemic induced lockdowns, the sentiment in Euro zone grew in August for the fourth consecutive month. This was revealed in a… Read More ›
Sanctions Against Turkey Being Prepared By EU Over Its Ankara’s Dispute With Greece
Sanctions against Turkey are being prepared by the European Union in response to Turkey’s dispute in the eastern Mediterranean with Greece and the sanctions are likely to be discussed t the next meeting of the bloc later in September, according… Read More ›
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