Investments in power generation are on the increase, while investments in renewable energy sources in 2017 have decreased, and this alarming trend may continue, the International Energy Agency notes. Electricity generation have been attracting more investment than oil and gas production for the...

The net profit of the Norwegian telecom giant Telenor in the first half of 2018 increased 1.9 times year-on-year, reaching NOK 7.642 billion ($ 943 million), the company said in a statement. The diluted earnings per share of the holding increased to 5.15 kroner ($ 0.6) from 2.67 kroner ($ 0.3) for...

The blow from the retaliatory tariffs on U.S. steel on the powerful automotive industry of Canada is expected to be cushioned by the government’s customs provisions, believe trade lawyers and industry leaders awaiting the results of the impact.   When Canadian companies are able to show that...

Saudi Arabia is offering extra volumes of oil in addition to its contractual supplies, to some buyers in Asia. This is reported by Bloomberg referring to sources familiar with the situation. The Middle Eastern Kingdom, the de facto leader of OPEC, is planning a record oil production after easing...

Adnoc is on track to broaden its company’s reach globally. The Abu Dhabi based oil firm, Adnoc has confirmed that General Motors, the U.S. car producer has granted the former to use one “high-performance base oil” in the market of the United States. According to the statement of the Marketing,...

The proposed sale transaction between Better Capital & Chinese firm see a lapse. Better Capital PCC Ltd, a private “equity firm” in the United Kingdom reported about the sale of its “Northern Aerospace Ltd” had not been successful. The prospective buyer was a Chinese, while the “competition...

Japanese pharmaceutical giant Takeda is one step closer to the world leadership in the field of medicines. The company received unconditional permission from the US Federal Trade Commission to purchase the Irish Shire Plc. Japanese Takeda’s acquisition of the Irish company Shire for $ 62 billion...

Tesla’s shareholders rejoiced аor a short time: the company fulfilled its long-standing promise and reached the targets for the production of 5,000 vehicles a week. Then, there occurred reports that the company violates both the safety equipment at the plant and allows a significant amount of...

Another lawsuit has been filed against the crypto-currency start-up Ripple Labs in California. The plaintiff David Oconer demands to recognize the crypto currency XRP as a security. This will mean that the blockchain project is in violation of the law, since it did not register these assets. The...