Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected to start in 2026 to meet the country’s growing demand for fuel and chemicals. The project in Liaoning province’s city of Panjin will be Aramco’s second major refining-petrochemical investment in China and […]
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Russia has a deal to station tactical nuclear weapons on the territory of neighbouring Belarus, President Vladimir Putin said on Saturday, adding this will not violate non-proliferation agreements. What are these weapons and what is Russia’s policy on them: WHAT ARE THE CONCERNS The United States has said the world faces the gravest nuclear danger […]
Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country’s civil aviation minister told Reuters the “time has come” to serve its soaring demand with jets assembled on domestic soil. Jyotiraditya Scindia said conditions were ripe for a “leap of faith” by both jetmakers as India’s fast-growing […]
Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two people familiar with the matter said on Thursday. Citizens, one of the largest U.S. regional banks, is preparing to submit an offer in the auction of the business, which is called SVB Private, the […]
A recent ban of TikTok use on U.S. government-owned devices, coupled with new legislation in Congress seeking to block the app, have fueled expectations the popular Chinese-owned platform could soon be barred nationwide. Adding to the perception, last week the company said the Biden administration had demanded TikTok’s owners divest their stakes in the popular […]
French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault’s charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied by the Mobilize […]
Bankrupt cryptocurrency exchange FTX said on Thursday it would sell its stake in Web3-focused startup Mysten Labs for $95 million, as it strives to pay back its customers. The exchange had paid nearly $101 million last year for preferred shares of Mysten and led a funding round that valued the platform which provides infrastructure for […]
Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies’ hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades […]
The United Nations wants to get people talking in New York this week about investing in safe water, sanitation and hygiene, which it describes as “the most basic human need for health and wellbeing”. Puzzles remains over how best to count the financial, social and environmental costs and benefits of water, but many investors now […]
ChatGPT-owner OpenAI said on Wednesday it had fixed a bug that caused a “significant issue” of a small set of users being able to see the titles of others’ conversation history with the viral chatbot. As a result of the fix, users will not be able to access their chat history between 1 am PDT […]