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South Korea
Greek Owner JHI Steamship Books Aframax Tankers in South Korea
Greek shipowner JHI Steamship has placed its first-ever newbuilding order in South Korea, marking a milestone in the company’s fleet expansion strategy. T…
United Kingdom
Deal Done for £3.9bn South Mimms Data Centre
DC01UK has completed the sale of its 85-acre South Mimms data centre site in Hertfordshire to Equinix, marking one of the largest infrastructure and real estate…
Electric Vehicles
Ford to Make New Engines in India With $370 Million Investment
Ford Motor Co. (F.N) plans to invest about 32.5 billion Indian rupees ($369.76 million) in India to produce new engines, according to a person familiar with the…
Metal
BHP, POSCO Sign Deal to Advance Hydrogen-Based Low Emissions Iron
BHP (BHP.AX), the world’s largest mining company, and South Korean steelmaker POSCO (005490.KS) announced on Thursday that they have signed an agreement t…
Coal-Fired Power Plants
Indian Firm Megha’s Unit Buys Coal Plant From Abu Dhabi’s Taqa
Indian company Megha Engineering & Infrastructures Ltd. (MEIL) announced on Thursday that it has acquired a thermal power plant in the southern state of Tamil N…
Nuclear Power Plant (NPP)
Owners of Spain’s Almaraz Nuclear Plant Seek Extension Through Mid-2030
Spanish energy companies Iberdrola (IBE.MC), Endesa (ELE.MC), and Naturgy (NTGY.MC) have requested to extend the operational life of their Almaraz nuclear power…
Canada
Railroad Operator Canadian National Lays off 400 Managers
Canadian National Railway (CNR.TO) has laid off around 400 management employees across its offices in Canada and the United States, according to a report by the…
United Arab Emirates
Chinese State Company to Build Dubai Towers
China Railway 18th Bureau Group, part of state-owned China Railway Construction Corporation, has secured a contract valued at about $272 million (AED 1 billion)…
South Korea
Yokogawa Deploys Multiple Autonomous Control AI Agents at Aramco Facility
Yokogawa Electric Corporation, headquartered in Tokyo, Japan, has reached a major milestone in industrial artificial intelligence deployment through its collabo…
Malaysia
Lynas to Build New HRE Separation Facility in Malaysia
Lynas Rare Earths is set to establish a new heavy rare earth (HRE) separation facility in Malaysia to meet rising global demand for a reliable supply of HRE oxi…
Metal
Glencore Reports Lower Copper Production in First Nine Months
Glencore (GLEN.L) announced on Wednesday that its copper production for the first nine months of the year dropped 17% due to lower ore grades at certain mines, …
China
Airbus Cuts Production Rate Target for Its A220 Jet
Europe’s Airbus (AIR.PA) announced on Wednesday that it has lowered its production target for the A220 jetliner, offsetting the positive impact of stronge…
Crude Oil
Exxon Mobil Names Gregory Garland to Board of Directors
Exxon Mobil Corp. (XOM.N) announced on Wednesday that it has appointed Gregory Garland, a long-time industry executive, to its board of directors, effective Nov…
United States
OpenAI Lays Groundwork for Juggernaut IPO at up to $1 Trillion Valuation
OpenAI is preparing for a potential initial public offering (IPO) that could value the company at up to $1 trillion, according to three people familiar with the…
Battery
Schneider Electric Unveils 200 Kwh C&I Battery Storage System
Schneider Electric, headquartered in France, has introduced its new battery energy storage system (BESS) for commercial and industrial (C&I) applications, named…
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