Reliance Industries and Saudi Aramco have canceled an agreement for the state-owned oil giant to acquire an interest in the oil-to-chemicals segment belonging to the Indian conglomerate due to value issues, sources who are aware of the issue told. Discussions broke out over the extent to which Reliance’s Oil-to-Chemicals (O2C) business is worth as the…
Britain announced on Friday that the coronavirus variant that was recently identified which was spreading across South Africa was of huge alarm and was believed by researchers as the most important one that has been discovered, because it may make vaccines less efficient. It was reported that the UK Health Security Agency said that the…
Protests are being organized against green energy retailer Powershop Australia by its customers since it was acquired by Royal Dutch Shell as the customers of the Australian company threatening to stop using the renewable energy of the company and shift allegiance to other renewable energy providers so that they are not viewed to be customers…
A lawsuit against a soon-to-be former veteran employee has been filed by Pfizer Inc over allegations that the employee had decamped with “scores” of proprietary information, including those that are linked to the Covid-19 vaccines of the company. The employee is said to be preparing to join one of the rival companies of Pfizer. The…
Baidu said this week that it would begin collecting robotaxi fees in a portion of Beijing on Thursday, marking a significant step toward expanding its autonomous taxi company. The regulatory clearance to encourage robotaxis in China comes at a time when municipal governments in the United States are moving in the same way. The city…
The World Health Organization is recommending the public to use Covid-19 mitigation methods, including masking and social distancing, regardless of vaccination status, as cases increase throughout Europe as the Christmas season approaches. Some nations and communities have been lulled into a “false feeling of security” that the epidemic is gone and that those who have…
Xiaomi Corp of China reported a lower-than-expected 8.2 per cent increase in its third-quarter revenue, citing stagnation in smartphone sales in the face of increased competition from rivals. The weak quarterly results of the company dropped by 7 per cent. The company reported that there was a 0.4 per cent growth in its revenues from…
Delivery of the electric version of its GMC Hummer pick up trucks will be started by General Motors Co in December, according to the head of the brand Duncan Aldred. Aldred said in a conference call that an electric driving range of 329 miles will be offered by the “Edition 1” of the Hummer which…
Tesla Inc subjects female workers to “nightmarish” conditions of rampant sexual harassment at its main factory, and supervisors turn their backs when complaints are brought, according to a new lawsuit. Jessica Barraza, 38, said she has endured “near daily” catcalls and inappropriate touching in her three years at the electric vehicle maker’s factory in Fremont,…
Gap Inc cut its forecast for sales for the entire year as it predicted to be hit by a loss of up to $650 million due to supply chain disruptions such as closures of manufacturing factories in Vietnam and the currently high-cost of air freight for distribution of its products. The shares of the company…
