SoftBank Group’s historic divestment from Alibaba marks the end of an era
Japan’s SoftBank Group has made headlines with its recent announcement of a significant divestment from e-commerce giant Alibaba Group Holding, marking the conclusion of one [more…]
Shell to convert German refinery into lubricant feedstock facility by 2025
Shell has announced plans to shut down its oil refinery in Wesseling, Germany, by 2025 and repurpose the site for the production of lubricant feedstock, [more…]
Paramount has announced cost-cutting measures and layoffs in response to ongoing turbulence in the industry
In a move aimed at streamlining operations and driving earnings growth, Paramount CEO Bob Bakish announced on Thursday that the media company would be implementing [more…]
Saudi Arabia opens first alcohol store in Riyadh’s diplomatic quarter, marking a historic shift in the Kingdom’s policies
In a surprising move, Saudi Arabia has opened its first-ever alcohol store in the diplomatic quarter of its capital, Riyadh. The store is accessible to [more…]
Mexico and Venezuela strengthen hydrocarbons collaboration with memorandum signing
Mexico’s state-owned oil company, PEMEX, and Venezuela’s oil authorities have recently signed a significant memorandum of understanding (MoU) aimed at enhancing their cooperation in the [more…]
Pemex debt recovery, SLB gets back $560 million of more than $1 billion owed
In a recent development, Schlumberger (SLB), the world’s largest oil services company, announced that it has successfully recovered $560 million of the $1.015 billion owed [more…]
China’s regulator announces measures to support property market amid economic concerns
China’s financial regulator, the National Administration of Financial Regulation, has announced a series of measures aimed at bolstering the country’s property market and addressing concerns [more…]
Nexo pursues $3 billion damages claim against Bulgarian government after failed investigation
Cryptocurrency lending platform Nexo is seeking $3 billion in damages from the Republic of Bulgaria following the collapse of criminal investigations against the company. The [more…]
Pokemon company launches investigation into ‘Palworld’ game controversy
In a clash that pits pocket monsters against pistols, The Pokemon Company has vowed to investigate and tackle any encroachment on its intellectual property, following [more…]
Taiwanese tech company Osense partners with MYWAM to expand Qubby A.I. platform in Southeast Asia
Taiwanese technology company Osense has inked a strategic partnership with MYWAM, Malaysia’s leading provider of software solutions for clinics and medical centers, to introduce its [more…]