Texas Power Grid CEO Is Fired Following Widespread Outages During Winter Storms
Following widespread power outages during a series of winter storms that left many Texas residents in the dark for days, the head…
Category: World
Apple-Supplier Foxconn Flags Strong Start To Year As Lockdowns Spur Electronics Demand
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong…
Deliveroo To Deliver $7 Billion Dual-Class London Listing
Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and…
Monde Nissin Seeks $1.3 Billion In Philippines’ Biggest Ipo
Philippine food maker Monde Nissin Corp. filed for an initial public offering to raise as much as 63 billion pesos ($1.3…
World’s Biggest Wealth Fund Puts Japan’s Kirin On Watch List Over Myanmar Link
The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings Ltd Co on a watch list for…
Lufthansa Weighs More Aircraft Retirements After Record Loss
Lufthansa may permanently ground more planes to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday…
Bond Scares Spook World Shares, Investors Look To Powell
Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve…
Germany’s Merck KGaA Predicts Earnings Gain In 2021
Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their…
Britain Launches New Pandemic Loan Support Scheme
Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic,…
Oil Extends Gains On Prospect Of OPEC+ Sticking With Supply Cuts
Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing…
Texas Power Grid Operator ERCOT Fires CEO After Deadly Blackouts
Texas’ power grid operator ousted chief executive Bill Magness on Wednesday, as the fallout continues from a deadly blackout last…
UK New Car Sales Slump In February Amid COVID-19 Hit
British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry body, as…
Volkswagen CEO Tweets, Musk-Style, On Market-Cap Milestone
When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015,…
S&P 500, Nasdaq Fall As High-Flying Tech Stocks Slide
Wall Street’s major indexes dropped on Wednesday, weighed down by technology stocks as investors unwound positions in high-flying shares and…
U.S. Energy Secretary Readies $40 Billion In Loans To Boost Clean Energy
U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to use $40 billion in her department’s loan program…
General Motors Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage
General Motors Co said on Wednesday it was further extending production cuts at three North American plants and adding a…
GlobalFoundries Pours $1.4 Billion Into Fab Expansion Amid Chip Demand Boom
GlobalFoundries will invest $1.4 billion this year to raise output at three factories in the United States, Singapore and Germany,…
Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents
Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin,…
Las Vegas Sands To Sell Properties For About $6.25 Billion
Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and operations…
World Bank Readies COVID-19 Vaccine Funds For Around 30 African Countries
The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender told…
Sterling Eases To 2-1/2 Week Low Against Dollar
Sterling eased to its lowest level against the dollar in two and a half weeks on Tuesday, as the strengthening…
Dollar On Defensive As Risk Sentiment Recovers Amid Retreat In U.S. Yields; Aussie Gains
The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring some calm to global markets…
Pandemic-Era Investment Rules Pose Hurdles For Sovereign Funds, Report Says
Sovereign wealth funds will have to navigate growing regulatory scrutiny across some of their favoured areas for investment such as…
Asian Stocks Perk Up On Economic Cheer As Treasuries Stabilise
Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast…
Explosion Hits Dutch COVID-19 Testing Centre, No Injuries: Police
An explosion hit a coronavirus testing centre in a town north of Amsterdam shortly before it was to open on…
Boeing Cites Risks In Design Of Newest Airbus Jet
Boeing Co has raised concerns over the design of arch-rival Airbus’ newest narrow-body jet, the A321XLR, saying a novel type…
Google, Researchers Launch Data Platform To Tackle COVID-19
Google.org has joined hands with a consortium of COVID-19 researchers to launch Global.health, an open-access epidemiological data platform that enables…
Twitter Vows To Boost User Ranks And Revenue
Twitter said Thursday it wants to swell its ranks of users, offer more features, and double revenue in the next…
World Bank Withdraws Funding For Fossil Fuel Projects
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has disclosed that the World Bank…