Category: Business

Saudi's Aramco has granted contracts valued at over $3.3 billion to Sinopec and Tecnicas Reunidas for the construction of a gas facility in The Kingdom. (Photo: Askarim | Shutterstock)
Estimated read time 2 min read
Business China Saudi Arabia Spain

Aramco awards $3.3 billion gas contract in Saudi Arabia to China and Spain

  • Post Date 01/22/2024

Saudi Aramco, the world’s largest oil exporter, has recently awarded contracts worth over $3.3 billion to Chinese company Sinopec and Spain’s Tecnicas Reunidas. The contracts [more…]

Taisho Pharmaceutical chose to pursue an MBO after determining that as long as it remained a publicly listed company, it would face ongoing pressure to fulfill shareholder demands and maintain short-term profitability. (Photo: Taisho Pharma)
Estimated read time 2 min read
Business Japan

Japanese companies pursue MBOs amid shareholder pressure

  • Post Date 01/21/2024

In a strategic move to alleviate the mounting pressures from shareholders and financial markets, an increasing number of large companies in Japan have been opting [more…]

Japan Airlines has appointed Mitsuko Tottori, its first female president, marking a significant milestone. Tottori, a senior managing executive officer, will assume the presidency on April 1. (Photo: Traicy Global)
Estimated read time 3 min read
Business Japan

Japan Airlines appoints first female president, Mitsuko Tottori, in a bid to address gender gap

  • Post Date 01/19/2024

In a landmark move, Japan Airlines (JAL) has named Mitsuko Tottori as its first female president, marking a significant step in the company’s efforts to [more…]

A groundbreaking new agreement signed by Turkish company Tosyali Holding is paving the way for a $5 billion steel plant in Saudi Arabia. (Photo: Tosyali)
Estimated read time 2 min read
Business Saudi Arabia Turkey

Turkey’s Tosyali signs $5 billion deal for steel plant in Saudi Arabia, eyes expansion across Africa and Europe

  • Post Date 01/18/2024

Turkish industrial conglomerate Tosyali Holding has inked a monumental deal to construct a $5 billion steel plant in Saudi Arabia, as revealed by the company’s [more…]

China's internet regulator is conducting a security review of Shein, as the company will need approval from both U.S. and Chinese agencies for its U.S. IPO. (Photo: NurPhoto | Getty Images)
Estimated read time 3 min read
Business China U.S.

China’s Shein faces regulatory review ahead of U.S. IPO

  • Post Date 01/18/2024

China’s leading fast-fashion brand Shein is undergoing a comprehensive security review by China’s Cyberspace Administration (CAC) as it prepares for its much-anticipated initial public offering [more…]

Switzerland's Meyer Burger Technology has announced plans to close its solar module manufacturing facilities in Germany. (Photo: Meyer Burger Technology)
Estimated read time 3 min read
Business Germany Switzerland

Meyer Burger Technology to close solar module manufacturing facilities in Germany

  • Post Date 01/17/2024

Switzerland-based Meyer Burger Technology has revealed plans to shut down its solar module manufacturing facilities in Germany, citing a challenging market environment in Europe. The [more…]

Volkswagen, the German behemoth, is currently engaged in discussions with France's Blue Solutions, a company that is known for manufacturing solid-state batteries for Daimler electric buses. (Photo: European Auto News)
Estimated read time 3 min read
Business France Germany U.S.

Volkswagen’s quest for EV batteries, exploring options beyond QuantumScape

  • Post Date 01/17/2024

Volkswagen has been at the forefront of the electric vehicle (EV) revolution, with ambitions to develop solid-state batteries that promise longer ranges and shorter charging [more…]

Following a lawsuit by the Justice Department aimed at preventing the merger, a federal judge has halted JetBlue Airways’ acquisition of its budget competitor, Spirit Airlines. (Photo: Flyer Talk)
Estimated read time 2 min read
Business U.S.

Federal Judge blocks JetBlue’s acquisition of Spirit Airlines

  • Post Date 01/17/2024

In a significant blow to JetBlue Airways, a federal judge has blocked its $3.8 billion purchase of Spirit Airlines after the Justice Department sued to [more…]