Leading multinational energy company, Chevron Corp. has reportedly revealed plans to increase its oil and gas production through 2025, but with limited expenditure and has also vowed to control its growing carbon emissions.
Given to declining energy demand due to lockdowns enforced during the pandemic that have severely affected the O&G industry in 2020, Chevron faced an annual loss of $5.54 billion for the first time since 2016. Meanwhile, investors have been pressurizing Chevron and other oil firms to reduce their expenses and curb their emissions that affect climate.
Around 5,000 jobs at United Kingdom’s third-largest steelmaker, Liberty Steel, are at risk after its financial backer Sanjeev Gupta reportedly warned about some loss-making plants. The announcement was made during crisis talks with labor unions after Liberty’s major investor Greensill Capital collapsed into administration.
For those unaware, Greensill Capital is the main backer of Gupta Family Group (GFG) Alliance, which is a parent company to Liberty Steel. The steelmaker currently owns 12 plants in the United Kingdom including Hartlepool, Newport, Stocksbridge,
Four news portals related to Russian intelligence agencies have reportedly been spreading a significant amount of misleading information regarding COVID-19 vaccines to undermine their efficacy, claims an official working at the Global Engagement Center of the U.S. State Department.
According to the reliable sources, the identified websites, namely New Eastern Outlook, News Front, Oriental Review, and Rebel Inside, have been highlighting the side effects of coronavirus vaccine developed by Pfizer and various other western pharmaceutical firms. This is effectively raising conc
Japanese multinational automotive giant Toyota Motor Corp’s first venture capital fund, Toyota AI Ventures is, reportedly investing in startups that help the company in enhancing its regular processes by facilitating stronger supply-chain management as well as robotics in the factory.
As per reports, the Silicon Valley-based fund, with over $200 million under management, has invested in 36 early-stage startups, so far. These startups comprise of self-driving car software company Nauto, air mobility company Joby Aviation, and factory video analytics firm Dr
Canadian online pharmacy, PocketPills, has reportedly amassed USD 30 million in a Series B funding round which was led by Telus Ventures, with a contribution from WaterBridge Ventures, valuing the firm at USD 150 million.
The e-pharmacy, founded by Harj Samra, Raj Gulia, and Abhinav Gupta in Vancouver in 2018, caters to a market that is projected to increase to USD 25 billion in the next five years.
Knowledgeable sources claimed that the funds will be used to expand PocketPills' product offerings and expand its reach in Canada.
UK’s leading house building company, Taylor Wimpey has reportedly announced allocation of £125 million towards cladding and fire safety repairs. According to credible reports, upwards of 230 buildings are expected to benefit from this funding, including those buildings that are less than 18-meter-tall, which are not covered by government grants.
The company in this regard has stated that the repair work is anticipated to make the apartments safe and mortgageable in accordance with the building regulations.
Chief executive of T
Results from a recent research study has reportedly suggested that plug-in hybrid cars consume more fuel than what official tests show, which implies that pollution from these cars could be worse than the advertised figures.
Reportedly, tests conducted on 22 cars produced by BMW, Mitsubishi, Mercedes-Benz, Volkswagen and Volvo found that the vehicles burned 61% more fuel on average than the official test numbers. According to the report, the BMW X5 plug-in hybrid SUV turned out to be the worst performer, which during official tests attained 188.3 miles to the gallon against
Following a recent report released by the U.S. Congress this month suggesting that several popular baby food products contain alarming levels of harmful heavy metals, litigations were filed within days and large a number of parents expressed their anger towards baby food companies on social media.
Apparently, the severe backlash against companies manufacturing baby food has cloaked the bigger problem that heavy metal contamination, which is relatively common in food supply, is not just limited to baby food products, highlighting the federal government’s inability to pr
IRCTC (Indian Railway Catering and Tourism Corporation), a public sector organization that provides tourism, catering, and ticketing services has initiated a joint venture agreement with online bus ticketing company AbhiBus Services (India) Private Limited to offer a bus ticketing facility to its customers.
For the record, AbhiBus focuses on providing end-to-end software as well as other value-added solutions including vehicle tracking, fleet management, passenger information, and e-ticketing. Established in 2008, the platform aggregates its solutions to over 3000 private bu
