Food & Beverages
Swiss food & beverage giant Nestle will reportedly start selling Starbucks labelled coffee at grocery stores and online in Asia, Latin America, and Europe starting this month. The move significantly highlights Nestle’s efforts to gain an edge over rival players including JAB. According to sources …
Power & Energy
The Makani energy kite project of the Alphabet group is reportedly graduating from the X Moonshot Factory. Sources familiar with the development claim that the collaboration with oil & gas mammoth Shell would expand to offshore environments as part of gaining the status of an …
Consumer Goods
The world’s largest retailer Walmart Inc and logistics firm Deliv have reportedly ended a key same-day delivery partnership, due to a setback in the retailer’s race against Amazon to deliver groceries to customers’ home. As per trusted sources, Walmart began strengthening its partnership with third-party …
Power & Energy
A World Bank Group member, IFC (International Finance Corporation) recently announced the commitment of USD 75 million investment in a green bond issued by AC Energy Finance International Limited & guaranteed by Ayala Corporation’s power division AC Energy. According to sources familiar with the matter, …
Life Sciences
The new prices, which are aimed at improving patient access and curbing high costs for the U.S. consumers. Sanofi SA, along with Regeneron Pharmaceuticals Inc., has reportedly cut down on the price of Praluent, their potent cholesterol drug, by 60% in an effort to help …
Power & Energy
WWF Scotland receives £10 million funding to develop tidal energy tech The funding boost of up to £10 million would be going towards the projects that are supporting the development of the industry. The move has been hailed as extremely vital in fighting climate …
Technology
The move will further Facebook’s AI capabilities and is likely to be implemented in its online market platform, Facebook Marketplace. Social media giant, Facebook, Inc. has recently announced its acquisition of GrokStyle, a San Francisco-based start-up that uses artificial intelligence (AI) technology to enables users …
Power & Energy
Kuwait Petroleum Corporation is reportedly reevaluating plans to spend around $500 Bn in capital investment. The organization is most likely to come up with a decision this year regarding the merger of its 8 business units into 4 to streamline the organization, reported a source …
Power & Energy
The company has made a strategic investment in IOS as it has made quick progress since its inception in 2014 WellConnection Group, one of the foremost Norwegian inspection, maintenance and repair (IMR) firms, has entered into the UK market by purchasing the Peterhead-based Independent Oilfield …