Recent Posts - page 371

• Renewable energy to power Amazon.com Inc’s data centers

  By admin1 on May 14, 2021 • ( 0 )

  

  Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›

• Global chip shortage to cost automakers $110 billion in 2021: AlixPartners

  By admin1 on May 14, 2021 • ( 0 )

  

  In a report consulting firm AlixPartners said, the global shortage of semiconductors is likely to cost automakers $110 billion in lost revenues in 2021, up from a previous estimate of $61 billion. It expects the crisis to effect the production… Read More ›

• No major impact from power outages on major chipmakers

  By admin1 on May 13, 2021 • ( 0 )

  

  On Thursday, officials from Taiwan’s science parks in Tainan and Hsinchu said, the island-wide power outages have had no material impact on its operations.

• Governance advisor Pensions & Investment Research Consultants recommends voting against Chevron Corp’s CEO

  By admin1 on May 13, 2021 • ( 0 )

  Pensions & Investment Research Consultants (PIRC), a governance advisor, has recommended Chevron Corp’s shareholders to vote against the company’s CEO Michael Wirth at the upcoming shareholder meeting. PIRC’s recommendation is such since Wirth is the company’s CEO as well as… Read More ›

• Department of Homeland Security approves Jones Act waiver request to ease oil supply constraints

  By admin1 on May 13, 2021 • ( 0 )

  

  In a significant development, the U.S. Department of Homeland Security has approved a Jones Act waiver request to an individual company in response to Eastern Seaboard oil supply constraints, said Secretary Alejandro Mayorkas. “This waiver will help provide for the… Read More ›

• Toyota Motor Corp’s Q4 profit beats analysts’ estimate, nearly doubles from previous year

  By admin1 on May 12, 2021 • ( 0 )

  

  On Wednesday, in a statement Toyota Motor Corp said, its fourth-quarter operating profit has risen by 92%, nearly doubling since a year ago. The development sees the company shrugging off chip-supply issues with its sales recovering from the impact of… Read More ›

• EPA waives environmental rule to ease fuel shortage in 12 states

  By admin1 on May 12, 2021 • ( 0 )

  

  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 ›

• US State Department approves sale of $1.7 billion AEGIS Combat Systems to Canada

  By admin1 on May 12, 2021 • ( 0 )

  

  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 ›

• UK-based THG Plc aims to raise $1Billion in fresh capital

  By admin1 on May 11, 2021 • ( 0 )

  

  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 ›

• Softbank Corp invests $60M in Axiata Group Bhd ‘s digital analytics and artificial intelligence unit

  By admin1 on May 11, 2021 • ( 0 )

  

  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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