In an effort to achieve the country's goal of becoming a regional commercial hub, the Kingdom of Saudi Arabia has provided 44 international companies with the licenses to establish regional headquarters in the capital city of Riyadh, the government announced on Wednesday.
Among those companies are Baker Hughes, Deloitte, Siemens,...
Oregon-based coffee chain Dutch Bros is experiencing exponential sales growth, thereby applying mounting pressure to current industry leaders Dunkin' and Starbucks. Having made its public debut on the NYSE in September, the company's shares have since risen in value by 56%. According to analysts, this growth is the result...
The Crown Prince of the Kingdom of Saudi Arabia announced on Saturday that the Gulf Arab nation will seek to eliminate carbon emissions by 2060. This will result in Saudi Arabia more than doubling its annual target for reducing net carbon emissions.
"The Kingdom of Saudi Arabia aims to reach...
Volvo Car AB is looking to raise 25 billion kronor ($2.9 billion) in a Stockholm IPO, making it the largest in Europe since January. This comes as the Swedish vehicle manufacturer looks to make headway into the electric vehicle sector.
The company revealed in a statement on Monday that it's...
With the global energy crisis triggering a spike in oil demand, Brent Oil reached a price of $85 per barrel for the first time since 2018. The demand for oil comes due to a mass shortage of gas and coal.
Brent futures in London rose by 1.3% to a price...
Russian tech giant Yandex is moving to acquire the Israeli e-scooter ride-sharing company Wind, thereby expanding its portfolio in the country. Yandex announced last week that the deal is expected to be concluded by the end of the week. The specific terms of the deal remain undisclosed.
Currently, Wind operates...
Canadian lithium development giant Rock Tech Lithium is aiming to build a converter plant in Brandenburg, Germany, the state within which Berlin is located.
The state's energy ministry and the company said on Monday that Rock Tech Lithium is looking to use the plant to produce battery-grade lithium hydroxide for...
Industrial-automation systems maker Emerson Electric Co is looking to merge two of its business units with smaller rival firm Aspen Technology Inc, the Wall Street Journal reported.
The deal, worth approximately $11 billion, would see Emerson own 55% of the newly-formed company, while Aspen shareholders would retain the remaining 45%....
Alamar Foods, Saudi Arabia's regional operator for Domino's Pizza, is looking into the launch of an IPO, sources close to the matter revealed. This move would enable the Carlyle Group to sell some of its stake in the company. As of late, the Carlyle Group possesses $276 billion in...
The Canadian province of Ontario revealed its plan to lift several COVID-19 health restrictions. Starting from Saturday at midnight, concert venues, theatres, sports stadiums, and other spectator facilities will be permitted to host a higher capacity of spectators than was previously permitted. Spectators will still, however, be required to...