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07.08.2018 10:45Daimler is abandoning expansion plans in Iran
The German automobile manufacturer Daimler stated on Tuesday that it has abandoned its plans to expand its business in Iran. The decision was taken in reaction to the renewed USA sanctions which came in effect on Tuesday, Reuters reports. The move06.08.2018 12:07China Southern Power Grid buys share of European utility
The state-owned China Southern Power Grid has acquired a 25.48% interest in the Luxembourg utility company Encevo S.A., Asia Times reports. The move comes after the Chinese company acquired 27.8% stake in Chile’s largest transmission operator06.08.2018 11:35Rosneft approves $2bn buyback
The Russian oil company Rosneft has approved a $2bn share buyback programme. The reason given is that the state-controlled company seeks to boost its attractiveness to investors. The buyback will run to as many as 340m shares. Additionally, it is03.08.2018 12:00Australia lays down the first plastic road
New South Wales is the first council which today laid down a 250-meter road made primarily out of recycled plastic bags, CGTN reports. The project for uses the new material – plastiphalt which is made out of plastic bags, glass bottles and02.08.2018 14:10Westinghouse sale to Brookfield complete
Westinghouse Electric Company announced today in a press release the sale to Brookfield Business Partners L.P. and emergence from Chapter 11 as a reorganized company. Previously announced on 4 January 2018, the transaction was closed and became effective02.08.2018 13:03Korea Electric Power Company loses preferred bidder status for NuGeneration acquisition
Toshiba Corporation has informed Korea Electric Power Company (Kepco) that it is no longer the preferred bidder to acquire its UK nuclear power development company – NuGeneration. Nonetheless, Toshiba has said that it will continue to negotiate02.08.2018 12:41Siemens acquires Mendix for €600 million
Siemens announced today that it has acquired Mendix, the popular low-code application development platform for €600 million, TechCrunch reports. Mendix, which was founded in the Netherlands, but is now headquartered in Boston, will continue02.08.2018 12:12Ofgem fines Npower fines npower £2.4 million for failing to install advanced meters by deadline
According to a press release released today, Ofgem fined Npower £2.4 million for failing to install advanced meters to business consumers by the deadline of April 2014. Ofgem explains that these customers missed out on the opportunity02.08.2018 10:58Boeing new R&D center will focus on autonomous flight
Boeing announced today that it is opening a new research office in Boston, that will focus on designing, building and flying autonomous aircraft, TechCrunch reports. The office will be staffed by engineers and employees of Aurora Flight Sciences,02.08.2018 10:17AI-Firm Ambyint Announces New Deal with Equinor
The AI-firm Ambyint has announced a new deal with the company Equinor to deploy its artificial intelligence systems to help optimize all of Equinor-s Bakken Shale wells, the Journal of Petroleum Technology reports. Announced last week, the deal02.08.2018 10:03ACER announces public consultation on the compliance of Fallback Procedures proposed by the TSOs of the Core region with the CACM Regulation
According to a press release, in March 2018, ACER was informed by the regulatory authorities of the capacity calculation region Core that they could not approve the amended TSOs' proposal for the Fallback Procedures of the Core region pursuant to02.08.2018 09:25Volkswagen is considering its own battery cells production in Europe
VW is considering producing its own solid state battery cells, with possible serial production from 2024 or 2025, its chief executive said on Wednesday, Reuters reports. “We must not make ourselves dependent on a few Asian manufacturers in
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