June 1, 2023 9:27 am
Global technology company Epson said on Thursday that it had teamed up with The 5 Gyres Institute in an attempt to raise awareness of plastic pollution and identify solutions for clientele to cut back plastics in their work and home. 5 Gyres is a leader in the global movement battling plastic pollution with almost 15 […]
Read moreJune 1, 2023 8:06 am
Jacobs and Palantir Technologies Inc said on Wednesday that they had expanded their partnership with a focus on leveraging Palantir’s AI capabilities in order to commercialize new AI solutions that encompass critical infrastructure, advanced facilities, supply chain management among others. “While we have understood the power and promise of AI for years, we saw clear […]
Read moreMay 31, 2023 10:42 am
GXO Logistics Inc on Tuesday announced an expansion of its partnership with Bigblue to include warehouse logistics in France. The tie-up between the two companies began in Spain in a shared space facility. Bigblue is to occupy part of a large scale GXO facility in Tigery, France, where it expects to handle several million orders […]
Read moreMay 31, 2023 9:06 am
Futures on US West Texas Intermediate Crude Oil retreated for a third consecutive trading day on Wednesday, as concerns over slowing demand in the world’s largest oil importer China overshadowed some progress in US debt ceiling talks. The latest macro data coming out of China showed manufacturing sector activity had shrunk at a steeper pace […]
Read moreMay 30, 2023 9:28 am
Nestlé said on Tuesday that François-Xavier Roger, its Executive Vice President and Chief Financial Officer, would step down from both roles to pursue new opportunities after spending 8 years at the company. Nestlé also said that Anna Manz, who currently serves as Chief Financial Officer and is a member of the Board for the London […]
Read moreMay 30, 2023 7:52 am
According to a report by Bloomberg News, citing sources with knowledge of the matter, Boeing Co is working on a deal to sell 150 737 MAX aircraft to Saudi Arabia’s Riyadh Air. Riyadh Air, which is entirely owned by Saudi Arabia’s Public Investment Fund, is looking for between 300 to 400 single-aisle planes in total, […]
Read moreMay 29, 2023 9:15 am
Tire manufacturer Michelin said last week that it would sell its Russia Tyre Manufacturing Company and Camso CIS in Russia to Power International Tires. The financial details were not disclosed. Under the agreement, some 250 jobs mostly based at the company’s only Russian facility in Davydovo will be preserved. The facility itself employs 750 people […]
Read moreMay 29, 2023 8:01 am
According to a report by Reuters, citing an unidentified knowledgeable source, JPMorgan Chase & Co intends to lay off about 500 employees this month across a number of its divisions. The layoffs are expected to affect people employed across JPMorgan’s main businesses – consumer, commercial banking, asset and wealth management, along with technology and operations. […]
Read moreMay 26, 2023 11:20 am
Spot Gold rebounded from a two-month low on Friday, but was still on track to register a third consecutive week of losses, as market players closely watched the progress of US debt ceiling talks as well as the Federal Reserve’s interest rate hike trajectory. The situation surrounding debt ceiling negotiations between U.S. President Joe Biden […]
Read moreMay 26, 2023 8:59 am
EUR/USD remained pinned near a two-month trough on Friday as investors awaited the outcome of US debt talks, while the common currency was pressured by confirmation that Germany’s economy plunged into a recession during the first quarter. A final GDP estimate showed on Thursday that German economy had contracted at an annualized rate of 0.5% […]
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