Consumer Goods
Wholesale magnate Costco has reportedly unveiled its new USD 55 million warehouse in Melbourne’s booming northern suburbs, Epping, located in Victoria, Australia. As per sources, the new site would be spread across 13,788 square meters of retail space and would reportedly be the fourth warehouse …
Manufacturing & Construction
Tech major, Quanergy Systems Inc. has reportedly announced the development of its existing manufacturing facility based in Sunnyvale, California. The expansion, that will double the facility’s size, is a part of the company’s strategy to increase its global manufacturing capacity and cater to the surging …
Power & Energy
WinGD, GTT, and Wärtsilä, three of the major technology companies operating in the marine sector, have announced to have formed a partnership to foster the utilization of LNG (liquified natural gas) fuel as a viable alternative for ship owners and operators. As per trusted sources, …
Power & Energy
Venezuelan state-owned oil and natural gas company Petróleos de Venezuela, SA (PDVSA) has reportedly signed a service contract with Shell Venezuela, SA. According to sources, the deal is targeted at the exploitation of natural gas in the northern region of the state of Monagas. Reportedly, …
Chemicals & Materials
Koch Methanol, a subsidiary of Koch Ag & Energy Solutions, has reportedly announced to have bought the methanol production plant from Chinese Yuhuang Chemical Industries Inc. (YCI). As per trusted sources, the total cost of constructing the Louisiana based facility is around USD 1.85 billion. …
Technology
Uber Technologies and Airbus SE are reportedly a part of a consortium led by the government of Japan, in order to bring forth flying cars in the nation in the next ten years. For the uninitiated, Japanese automakers are already leading the race as far …
Power & Energy
Santos, Adelaide based oil and gas company, has reportedly agreed to buy the privately owned West Australian oil and gas producer Quadrant Energy for $2.15 billion. Sources familiar with the development claim that the deal will make Santos a key player in the domestic gas …
Technology
China-based technology company Huawei has reportedly stated that it has been blocked by the government of Australia from delivering 5G technology equipment to the wireless networks in the country. If sources are to be believed, the Chinese company claimed that the Australian government’s decision has …
Technology
India’s biggest online retailer Flipkart has reportedly acquired Liv.ai, an artificial intelligence start-up firm. For the record, Liv.ai is renowned for having created a platform that translates speech data to text data in ten Indian languages. The AI startup was founded by former IIT (Indian …