Formula 1 has announced that the sport will become carbon neutral by 2030. The sport ultimately aims to completely eliminate all carbon emissions not only from the activity on the race tracks but also those emerging from its transporting its… Read More ›
Strategy
Vodafone bumps earning guidance after organic growth in second quarter
Vodafone increased its 12-months earnings guidance, following improved organic growth in two of its most challenging markets such as Spain and Italy. The world’s second largest mobile operator reported an organic growth of 0.3% in its service revenue in the… Read More ›
Chinese Firm Jingye To Buy Troubled British Steel
As many as 4,000 jobs at British Steel’s Scunthorpe and Teesside plants could be cased saved by the rescue package for the iconic steel making company being offered by China’s Jingye Group. The struggling steelmaker and its assets has been… Read More ›
UK Economic Growth At Slowest Annual Rate In Almost A Decade
The impact of uncertainty over Brexit weighed down on the economy of the United Kingdom in the third quarter as it grew at its slowest annual rate in almost a decade. According to data from the Office for National Statistics,… Read More ›
Qantas Airways pledges to slash carbon emission to net 0 by 2050
In a development that marks growing awareness towards climate change, on Monday, Qantas Airways Ltd pledged to slash its carbon emissions to net zero by 2050. Its pledge comes in the wake of IAG also doing the same. “We’re doing… Read More ›
China’s 10 Richest People Revealed In Forbes List
Forbes China Rich List was topped by the founder of Alibaba Group – Jack Ma, fcor the second year in a row for 2019. There was a increase in the personal wealth in 2019 from $34.6 billion in 2018 to… Read More ›
Cost overruns raises cost of 6 nuclear power plants in France to 46 billion euros
On Saturday, French newspaper Le Monde stated, according to an estimate by EDF, a power utility, it would cost at least $51 billion (46 billion euros) to build six of its latest generation EPR nuclear reactors, if the French government… Read More ›
Cardinal Health 200 LLC wins $2.25 billion defense contract
According to a statement from the Pentagon, Cardinal Health 200 LLC, a unit of Cardinal Health Inc, has been awarded a maximum $2.25 billion modification for a contract with the Defense Logistics Agency for ordering and distribution of medical surgical… Read More ›
Volkswagen new energy vehicle plant in Shanghai to begin production in 2020
In a statement Volkswagen’s CEO Herbert Diess disclosed production at Volkswagen’s and SAIC Motor Corp’s $2.5 billion new energy vehicle plant in Shanghai has commenced. He made these comments to reporters while taking a tour of the plant. In a… Read More ›
General Dynamics Corp wins $732 million U.S. defense contract
According to a statement from the Pentagon, General Dynamics Corp has been awarded a $732 million U.S. defense contract for sustainment of the Mobile User Objective System ground system, which is a narrowband military satellite communications system.