Siemens and Petrojet Strike a Strategic Partnership to Drive Technological Advancements in the Middle East
Siemens, a global leader in digital industries, and Petrojet, one of the Middle East’s largest construction groups, have formed a strategic partnership to drive technological advancements and innovation across industries in the Middle East. With a focus on supporting the Ministry of Petroleum and Mineral Resources’ digitalization strategy and contributing to Egypt’s Vision 2030, the collaboration will utilize Siemens’ cutting-edge digital solutions and Petrojet’s expertise in delivering large-scale projects. By combining forces, both companies seek to transform the industrial sector in Egypt and throughout the Middle East, fostering economic development and creating a competitive edge in the global market.
Korea’s SK invests $100 million in EV-focused startup Atom Power
Korea’s SK Inc (034730.KS) has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.
Germany’s gas crisis in charts: Pipeline repair, and then what?
The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?
Siemens to leave Russia due to Ukraine war, take hefty charge
Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second quarter, with more costs to come.
Cadence Design Systems aims to cash in on new custom-chip era
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Analysis: Virtually forever? Switch to online AGMs gains pace despite concerns
A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently.
