Baker Hughes gets supply order for phase 3 of Aramco's gas network project

Twentytwo13
US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA
Microsoft's series of investments in Indonesia, Thailand, and Malaysia are not surprising, as the tech giant had earlier announced a US$10 billion investment in AI abroad. All eyes are now on the upskilling of the local workforce and the creation of economic opportunities for governments, businesses, and communities in the region. The post US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA appeared first on Twentytw
The Independent
Tesla suing Indian company for using its name
Elon Musk’s electric vehicle company is seeking unspecified damages and a permanent injunction from the company from a judge in New Delhi
The Telegraph
Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
Reuters
Ahead of Xi visit, Chinese share of French EV market slumps
PARIS (Reuters) -French government efforts to slow an influx of Chinese-made electric vehicles are bearing fruit, industry data show, highlighting one of the most sensitive trade issues when China's president visits next week. A surge in imports of Chinese electric cars into Europe has triggered EU tariff threats, which are expected to be a bone of contention when President Emmanuel Macron hosts his Chinese counterpart for a state visit on Monday. France did not wait for a European Union decision on implementing tariffs, instead redesigning its cash bonus scheme in December to exclude the purchase of models made in China, which had rapidly gained market share.
Fortune
Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
AFP News
Record loss for Russia's Gazprom as European market closed
Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine.Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.
Reuters
Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports
Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss.
Associated Press
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
Everyone knows Warren Buffett 's successor won't be able to match the legendary investor, but Berkshire Hathaway 's board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future. Longtime Berkshire board member Ron Olson told investors gathered Thursday at a conference two days ahead of the company's annual shareholders meeting that Abel understands all the fundamental principles that guided Buffett, like letting Berkshire's companies largely run themselves.
GOBankingRates
25 Ways To Make an Extra $500 a Month
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
Business Insider Video
How Hoka became a billion-dollar brand by selling comfort
Hoka was founded a little over a decade ago, and the brand is already worth more than $1 billion. We explore the shoe’s design and what makes the brand stand out from its competitors.
Yahoo Finance UK
‘I want my staff to feel good’: The company that operates without job titles or clocks
Paul Evans is founder of Mindera, a leading global software firm which operates without hierarchy.
CNN Business
Restaurants are competing for frugal diners’ dollars
Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, it feels like a battle to get them to spend.
Reuters
Strong copper price reviving Peru's mining mojo, minister says
Peru's dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country's mining minister said on Friday. "The price of copper is a great attraction," Romulo Mucho, told Reuters in an interview at his office, a reference to prices that hit two-year peaks of $10,208 a metric ton this week, close to the record high of $10,845 in March 2022. Goldman Sachs earlier in the day hiked its year-end price target to $12,000 per ton, from $10,000 previously, citing the copper market's path into scarcity and expectations of a larger deficit of the key metal needed for electrification.
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
The Guardian
Sunak to allow oil and gas exploration at sites intended for offshore wind
Exclusive: decision to grant licences condemned by critics as a stunt that shows Tories are ‘playing politics with climate’
Reuters
Magna lags profit estimates, cuts annual sales forecast on supply chain snags
(Reuters) -Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.
The Independent
‘The decisions you’re making are going to end with a smoking hole in the ground’: Inside the Boeing catastrophe
‘They were always caught flat-footed by some terrible problem that many people in the workplace knew would happen... And that happened over and over and over and over and over again.’ Io Dodds reports on a corporate nightmare
The Telegraph
PwC partners in the Middle East accused of blocking first woman boss
PwC is facing a backlash from its own staff amid allegations that Middle Eastern partners prevented the appointment of a woman as the firm’s new boss.
SmartAsset
The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.

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Baker Hughes gets supply order for phase 3 of Aramco's gas network project

Latest stories

US$1.7b in Indonesia, Azure data centre in Thailand, US$2.2b in Malaysia: All eyes on spillover effect as Microsoft goes big in SEA

Tesla suing Indian company for using its name

Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones

Ahead of Xi visit, Chinese share of French EV market slumps

Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Record loss for Russia's Gazprom as European market closed

Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett

25 Ways To Make an Extra $500 a Month

How Hoka became a billion-dollar brand by selling comfort

‘I want my staff to feel good’: The company that operates without job titles or clocks

Restaurants are competing for frugal diners’ dollars

Strong copper price reviving Peru's mining mojo, minister says

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

Sunak to allow oil and gas exploration at sites intended for offshore wind

Magna lags profit estimates, cuts annual sales forecast on supply chain snags

‘The decisions you’re making are going to end with a smoking hole in the ground’: Inside the Boeing catastrophe

PwC partners in the Middle East accused of blocking first woman boss

The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out