BP is considering the possibility of selling its $1 billion stake in U.S. pipelines
BP Plc is reportedly considering selling a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, with hopes of [more…]
Category: Business
Cuban innovators employ ‘Aquaponics’ to enhance food production efficiency
In the midst of Cuba’s economic crisis and ongoing shortages, basic activities such as fishing and farming have become increasingly complex. That’s why two enterprising [more…]
Canada’s Laurentian Bank appoints new CEO immediately, ousting current after systems crash
Following a system crash that disrupted many of Laurentian Bank’s services, the company announced the departures of CEO Rania Llewellyn and board chair Michael Mueller. [more…]
Birkenstock, the German company, aims for a $9.2 billion valuation in its upcoming IPO in New York
On Monday, the renowned German sandal company, Birkenstock, announced its intention to set the price range for its upcoming initial public offering (IPO) in New [more…]
Kellanova, formerly Kellogg Company, declares the successful conclusion of the separation of its North American cereal division
Today, Kellanova (formerly Kellogg Company) announced the successful completion of the separation of its North American cereal business, WK Kellogg Co. This separation has resulted [more…]
Malaysia revs up chip production to regain semiconductor leadership with Intel, Infineon, and more
In recent years, Malaysia has been making significant strides in its quest to become a formidable semiconductor hub in the global tech industry. Ng Kok [more…]
Glencore considering alternative locations for recycling hub following Italy’s rejection of fast-track approval
Glencore Plc, a Switzerland based global mining and commodity trading powerhouse, is a name synonymous with the resource industry. With a diversified portfolio spanning minerals, [more…]
Toys R Us, which filed for bankruptcy several years ago, is set to launch up to 24 new stores in the United States
Children and enthusiasts of all ages in the United States will rejoice as Toys R Us is poised to make a triumphant return in the [more…]
Blue Apron’s acquisition sends stock soaring with a 130% surge
Wonder Group, the food-delivery startup led by former Walmart executive Marc Lore, is set to acquire meal-kit company Blue Apron. Blue Apron shareholders will receive [more…]
In August, retail sales in Hong Kong surged by 13.7%.
An uptick in visitor arrivals contributed to Hong Kong’s retail sales registering their ninth consecutive month of growth in August, although the year-on-year increase of [more…]