Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and strategic alignment with CAPGC.
Sectors
Tesla To Be Investigated by DOJ Over Misleading 'Self-Driving' Claims Following Fatal Autopilot Accidents
The Department of Justice (DOJ) will investigate Tesla's self-driving claims for potential securities or wire fraud, with allegations of misleading investors and consumers as reports of crashes involving Teslas equipped with Autopilot pile up.
Pfizer Settles 10,000 Zantac Heartburn Medication Lawsuits Over Cancer Risks
Pfizer has agreed to settle over 10,000 lawsuits concerning its Zantac heartburn medication after it was found that a cancer risk was not disclosed.
US-China Rivalry Could Shrink Global Economy By 7%, IMF Finds
Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.
Tesla Senior Executive To Be Relocated to China Following More Declining Sales
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
Latest News
New data shows that in 2023, renewable energy generated a record-breaking 30% of the world's electricity due to the rapid growth in wind and solar power.
Republican lawmakers urged President Joe Biden to block a French company from collaborating on nuclear power projects with Russia's Rosatom.
Mini gold bars are selling like hot cakes in South Korea's biggest convenience store chain, CU.
A new survey shows that New York City is home to 349,500 millionaires and 60 billionaires, making it the wealthiest city in the world.
Amgen witnessed an impressive 12% surge in its shares on Friday, marking its most substantial single-day increase in nearly 15 years.
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.
Microsoft created an offline generative AI model for US intelligence that uses GPT-4 securely. Microsoft Corp. has launched a generative AI model that is completely separate from the internet, claiming that US spy agencies may now safely use the sophisticated technology to examine sensitive information.
NBA champion Kyle Kuzma has recently taken on a new role as an adviser to an early-stage venture firm called Scrum Ventures.
Ted Christie pointed out the dominance of profits by a handful of major carriers like American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines, who together hold 78% of US domestic airline seats.
