Exxon’s board shakeup could force review of billions of dollars in spending
The recent overhaul of Exxon Mobil Corp’s (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say.
Gas Industry Should Embrace Innovative Learning Technologies, says eCom Scotland
The gas industry’s professional engineering institution, the Institution of Gas Engineers and Managers (IGEM), held its inaugural safety conference on 9th June. Supported by the Gas Industry Safety Group (GISG), the conference was held online. Conference delegate, Helen Robertson, of the digital learning and assessment specialist, eCom Scotland, commented, “Safety being a vital pillar of […]
Pandemic seen driving southeastern Europe warehouse boom
Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
Inditex ignited by post-lockdown clothing binge
Spanish fast fashion giant Inditex (ITX.MC) said sales in May and so far in June were twice as high as in the same period last year as customers splashed out on post-lockdown shopping sprees.
World stocks near record high, U.S. bond yields near 1-month low
World stock prices held near record highs on Wednesday, while U.S. bond yields flirted with their lowest levels in a month, as investors bet the Federal Reserve is some way off from tapering its economic stimulus.
Russia’s high inflation shifts expectations for bigger rate hike on Friday
Russia’s unexpectedly high inflation in May prompted a wide-scale revision of forecasts, shifting market expectations towards a bigger 50 basis-point interest rate increase on Friday, a Reuters poll suggested on Wednesday.
SoftBank-backed DoorDash enters Japan
U.S. food delivery firm DoorDash Inc (DASH.N), which is backed by SoftBank Group Corp (9984.T), announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic.
Leading crypto exchanges scout entry into India despite potential ban
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies.
U.S. forming expert groups on safely lifting global travel restrictions
The Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine how best to safely restart travel after 15 months of pandemic restrictions, a White House official said on Tuesday.
EXCLUSIVE Mexico not eyeing tax hikes in fiscal reform -deputy finance minister
Mexico’s government does not envisage tax increases in an upcoming fiscal reform plan, but will consider closing loopholes, improving taxing efficiency and expanding the taxable base, Deputy Finance Minister Gabriel Yorio said on Tuesday.
