Aramco’s IPO is central to Saudi Arabia’s strategic plan on diversifying its economy. On Monday, the CEO of Saudi Arabia’s Aramco disclosed that it plans on spending around $300 billion over ten years in upstream oil and gas projects. “This is mainly upstream, onshore, offshore and joint ventures in the kingdom and out of the…
According to a report in the newspaper Aftenposten, a record low unemployment and improved recruitment and job scenario in their home countries are forcing a large number of eastern European workers to leave Norway and go back to their home countries. “We saw a peak in labor immigration in 2012, but we now see that…
A service that aggregates, cleans and delivers accurate and timely data from multiple trusted sources was launched by Proagrica which is a leading data insight company and part of the global RELX Group. The product is called the agri-food supply chain of Agility which is a data platform. Actionable insights and data analytics is already…
FlixBus is set to take on its U.S. rivals Greyhound and Megasbus in its bid to expand its services there. On Wednesday, FlixBus, a German long-distance bus firm disclosed its plan of expanding its services to the United States and take on its U.S. rivals, including Megabus and Greyhound. “There is a significant shift in…
Uber aims to debut a flying taxi service in LA sometime in 2020. On Wednesday, Uber stated it has struck a deal with NASA to develop software for managing “flying taxi” routes in the air along the lines of ride-hailing services on the ground. This marks a milestone in Uber’s history since this is its…
Once developed, the platform will not be limited to just India but can be integrated with vehicle systems globally. On Tuesday, Bangalore-based Indian ride hailing service Ola disclosed that it has tied up with Microsoft Corp to build a new connected vehicle platform on Microsoft’s Azure cloud computing service to power its in-car entertainment offerings.…
While the deal is widely expected to benefit Disney, its impact on Twenty First Century Fox will require more clarity. News reports from CNBC have stated citing anonymous sources familiar with the matter at hand, Twenty-First Century Fox has held talks with Walt Disney Co to divest most of its television and film assets, in…
With Sprint and T-Mobile ending their merger talks, it would appear that Sprint has triggered its contingency plan which allows it to leverage Altice’s cable network to develop and provide 5G connectivity. U.S. cable operator Altice USA is set to sell its its mobile service on Sprint Corp’s network under a new multi-year agreement. The…
Although Toyota AI Ventures aims to spread its investments worldwide, Israel’s penchant for excelling in high technology areas has increasingly drawn global attention to its startups. Following Toyota Motor Corp’s venture arm leading a $14 million investment in Israeli robotics company named Intuition Robotics earlier in July, the Japanese giant is looking to further invest…
On October 17, the U.S. and China signed an agreement that allows regulators on both side to certify design, production and air worthiness of its airplanes parts and passenger jets. On Thursday, China’s aviation safety regulator stated it has recently signed an agreement with the U.S. aimed at streamlining the certification of aircraft parts and…
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