The purchase of the cash-generating Sval Energy portfolio could be followed by the acquisition of other assets in Norway and elsewhere to realise DNO’s growth ambitions. The deal will quadruple DNO’s North Sea production to approximately 80,000 barrels of oil…
Under CEO Vimal Kapoor, industrial giant Honeywell International has focused on expanding its presence in the aviation, automation and energy sectors while shedding unrelated assets. Honeywell last month announced plans to split into three independently listed companies, months after activist…
Taiwan’s dominant position as a manufacturer of chips used in everything from mobile phones and cars to fighter jets has raised concerns about overreliance on the island, especially as China comes under increasing pressure to assert its sovereignty claims. Taiwan…
The company said it sold 129.8 million primary shares in the deal , up from the planned 118 million shares. BYD said the deal was the largest follow-on share offering in the automotive sector in a decade. Al-Futtaim Family Office,…
The round is the second largest for a biotech startup this year, behind only London-based Verdiva Bio, which creates treatments for obesity and cardiometabolic diseases, which raised $411 million in a Series A in January. Eikon uses ultra-high-resolution microscopy to…
The deal will almost double Sapa’s revenue to €700 million ($728 million) and expand ties between the automotive interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, the statement said. The terms are not disclosed.…
Commercial relocations, whether for offices or warehouses, present a unique set of challenges that can significantly disrupt business operations if not handled properly. From managing delicate office equipment to transporting heavy warehouse machinery, the complexities are numerous. Businesses in Vancouver…
With No Explanation or Rights: Amazon Decides to Withhold Client Funds On April 6, 2023, Amazon froze WallProfit’s accounts, cutting off the company’s access to its own funds and goods without explanation or legal basis, leaving us against a wall…
Generative AI is nowhere near being able to operate without intensive human oversight. Even seemingly mundane communication tasks cannot be feasibly automated without losing important information. For now, AI is still just a tool for workers to use, not a…
Norway leads in electric vehicle adoption but faces challenges in scaling charging infrastructure, exemplified by Easee’s compliance issues. Former CEO Jonas Helmikstøl reflects on the pressures of rapid growth and personal turmoil. His journey highlights the need for balance between…
Professor Haruko Satoh from the Osaka School of International Public Policy and Dr. Satu Limaye, Vice President and Research Program Director at the East-West Center in Washington, discuss the evolving role of the Quadrilateral Security Dialogue, a strategic partnership between…
US power is declining and an Axis of Disorder is rising to take its place. The world order is becoming riskier for business executives. Companies must adopt a proactive approach to risk and have plans in place for when —…