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Snam To Clear Path For Hydrogen Highway To Italy, Takes Stake In Algerian Gas Pipelines

Italy's Snam has agreed to purchase an stake in pipelines that transport Algerian gas to Italy in an effort to open the way for the import of hydrogen from Africa to Europe.   Europe's largest infrastructure group for gas announced that it would pay energy giant Eni $385 million ($436...

Amazon Buildings Scene Of Protests On Black Friday

Protests are planned in Amazon locations across Europe, the UK, US, and Europe during Black Friday.   The day for sales and shopping is among the busiest days on Amazon all year long.   An international alliance of equality, unions and environmental organizations called "Make Amazon...

Boeing Negates New Concerns About Its 737 Max Planes

It's been described as "the most scrutinised transport aircraft in history" however, many critics think the Boeing 737 Max is still not completely safe.   It was allowed to fly passengers once more by US regulators in the year 2000 after it was grounded due to two tragic accident.  ...

Musk Opposed To Subsidies Pushes Tesla To Refuse State Aid For German Battery Plant

Tesla announced on Friday that it was withdrawing its application for state aid to its battery factory planned near Berlin since the CEO Elon Musk said Tesla was against all government subsidies.   The European Union in January approved the plan, which included government assistance in the...

Chile’s LATAM Airlines Submits Restructuring Plan Emerge From Chapter 11 Bankruptcy

A restructuring plan in its effort to exit its Chapter 11 bankruptcy was filed by Chile's LATAM Airlines Group SA in which the airlines has proposed to infuse $8.19 billion as capital into the group.    According to the company’s statement issued on Friday about the plans, a combination...

Deal To Purchase Novartis's $20.7 Billion Stake Approved By Roche Shareholders

Roche shareholders voted with overwhelming majority on Friday to approve their shareholders' vote to approve the $20.7 billion deal for the purchase of Novartis's almost one-third voting stake, the Swiss drugmaker announced.   Roche organized an extraordinary general assembly to settle...

Chinese Government Takes Over China Evergrande Soccer Stadium: Reports

A government agency has taken control of China Evergrande's (3333.HK) soccer field with the intention of making it available for sale, a source who has direct knowledge of the matter said to Reuters as the debt-ridden property developer tries to meet obligations.   Evergrande, which is...

Chinese Regulator Orders Suspension Of Roll Out Of Tencent’s New App And Updates

Authorities in China have ordered the domestic technology giant Tencent to put on hold its planned launching of new apps in the country.   A temporary suspension of updates to the products of the company has also been ordered by the country's Ministry of Industry and Information Technology...

Didi Being Pressurised By Chinese Authorities To Delist From US Due To Data Security Concerns: Reports

Chinese regulators have been pressing top executives at ride-hailing big Didi Global Inc to devise plans to remove the company of the New York Stock Exchange due to security concerns regarding data Two people who have experience in the field have told Reuters.   China's strong Cyberspace...

Regret Over His Comment Of Bank Outlasting Chinese Communist Party Expressed By JP Morgan Chief

Jamie Dimon, the CEO of JP Morgan, has apologized for claiming that his Wall Street firm will outlast China's Communist Party.   The remarks, delivered at a US event, infuriated Chinese officials, who warned that they may jeopardize the bank's aspirations in the nation.   "I regret...

This Little Texas Town Bagged The $17 Bln Samsung Chip Plant

Prior to the Korean conglomerate, Samsung made the announcement that it would be building a new semiconductor chip factory worth $17 billion, very few people in the United States knew the name of the small town of Taylor in Central Texas, said Williamson County Judge Bill Gravell.   Local,...

Delivery Of Its R1S SUVs To Be Delayed By Amazon-Backed EV Maker Rivian

According to reports published in the media, notifications of delay in delivery of its electric vehicle – that R1S SUV, is being sent to those who had booked the vehicle by the electric vehicle (EV) maker Rivian Automotive Inc, a start6up that has the backing of Amazon.   Following this...
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