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Business
Drilling fluids services contract awarded to ADNOC Drilling for $1.6 billion
To meet the rising global demand for energy, ADNOC Drilling Company has awarded Integrated Drilling Fluids Services (IDFS) a five-year framework agreement valued at up to $1.6 billion.…
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PM Modi lays foundation stone for transport aircraft manufacturing project
Indian Prime Minister Narendra Modi has said that India is moving toward becoming a global manufacturing hub with its cost-effective manufacturing capabilities, high-standard…
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Obstinate Elon Musk ousts top Twitter executives
Two people familiar with the situation said Thursday night that Elon Musk had taken over Twitter and sacked the company's chief executive, chief financial officer, and top lawyer.…
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Aramco announces a $1.5 billion sustainability fund
In an effort to support a stable and inclusive energy transition, Saudi Aramco has launched a $1.5 billion Sustainability Fund. Among the largest global sustainability-focused venture…
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Net profit of Kia in Q3 plunged due to recall costs
A recall of engine-related services forced Kia Corp, South Korea's second-largest automaker, to cut its third-quarter net profit by 60 percent from a year ago. South Korea News Agency…
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Debt levels to be highest in 60 years under new UK leader
The British government's debt has risen to the highest level in almost 60 years last month, and retail sales have slumped, which highlights the scale of the economic challenges that…
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Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU
Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September 2022, inflation in the European Union was 10.9%, up…
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Big earnings week lifts US stocks, but Tesla sinks
US stocks rose in morning trading Thursday as markets searched for direction amid mixed earnings news. S&P 500 rose 0.8% as of 10:13 AM EST. Dow Jones Industrial Average gained 339…
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Tesla will not overtake Apple in market value – Wall Street analysts
In a report published today by Bloomberg, Wall Street analysts disputed Elon Musk's claim that Tesla Inc. would one day surpass Apple Inc. and Saudi Aramco in valuation. In an article…
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French cement company Lafarge admits making payments to the Daesh group
Lafarge, a French cement company, admitted Tuesday it paid millions of dollars to Daesh to keep a plant operational in Syria. This was during a time when the militant group enslaved and…
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