Category: WORLD NEWS
Rebeca Grynspan officially takes over as head of UNCTAD
WORLD – Rebeca Grynspan has taken up her new role as secretary-General of United Nations Conference on Trade and Development (UNCTAD) for a four-year term. The former vice president of Costa Rica is the first woman and Central American to serve as UNCTAD's secretary-general. Ms Grynspan, a former vice president of Costa Rica, and the first woman to serve as…
People appointment, Trade, World news
LG Electronics unveils a US$20m global competition for tech startups
WORLD – LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas into the future. The inaugural competition will be hosted by the company's new Silicon Valley-based innovation center, LG NOVA, a strategic team within LG working with startups and entrepreneur communities to build new businesses and tap innovation from outside LG. The…
Startups, World news
Adidas sells Reebok to Authentic Brands in US$2.5b deal
WORLD – Sportswear manufacturer Adidas AG, has agreed to sell its underperforming Reebok business to Authentic Brands Group Inc. for up to US$2.5 billion, adding another well-known name to the buyer's growing line-up of consumer companies. The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said…
Adidas, Manufacturing, Mergers & Acquisitions, World news
TotalEnergies eyes stake in world's largest offshore wind farm
WORLD – TotalEnergies SE is weighing taking a stake in what will be the world's largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials, reports Bloomberg. Paris-listed TotalEnergies could buy a roughly 20% stake in the third phase of the Dogger Bank wind project in the North…
Mergers & Acquisitions, renewable energy, TotalEnergies, wind farm, World news
TotalEnergies acquires the largest electric vehicle charge points network in Singapore
WORLD – Broad energy company TotalEnergies, has agreed to buy Singapore's largest electric vehicle charging network from fellow French firm Bollore Group. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of…
electric vehicles, Mergers & Acquisitions, Singapore, Sustainable Energy, TotalEnergies, World news
UN confirms appointment Rebeca Grynspan as UNCTAD Secretary-General
WORLD – Rebeca Grynspan of Costa Rica will be the new Secretary-General of United Nation Conference on Trade and Development (UNCTAD), the UN trade and development body after her nomination to the post by UN Secretary-General António Guterres was approved by the UN General Assembly. Ms. Grynspan, the first woman and Central American to be appointed as Secretary-General of UNCTAD,…
People appointment, United Nation, World news
mPharma, Sunculture join Morgan Stanley's inaugural sustainable business collaborative cohort
AFRICA – Two African start-ups are among five breakthrough innovative companies that will receive awards and participate in Morgan Stanley's first initiative that aims to advance systemic solutions for complex sustainability challenges across the World. The five companies include mPharma based in Ghana and Suncluture from Kenya: plus, MySoc from the US, Siklus from Indonesia and Trees as Infrastructure from…
Investments & Funding, Morgan Stanley, mPharma, Sunculture
Total rebrands as TotalEnergies, transforms into a broad energy company
WORLD – Shareholders of French energy giant Total have approved, almost unanimously, the resolution to change the company's name to TotalEnergies, reflecting its strategic transformation into a broad energy company. In tandem with this name change, TotalEnergies is adopting a new visual identity. "Energy is life. We all need it and it's a source of progress. So today, to contribute to the…
energy, Oil & Gas, Rebranding, Total Energies, World news
Kuehne+Nagel completes acquisition of Apex Logistics
WORLD – Global transport and logistics company Kuehne Nagel, has completed the acquisition of Apex International Corporation, following the satisfaction of all closing conditions. Apex is an Asian freight forwarder, especially on the transpacific and intra-Asia trade routes. In 2020, the company generated turnover of CHF 2.2 billion (US$2.4 billion), gross profit of CHF 296 million (US$327 million) and earnings…
Mergers & Acquisitions, Transport & Logistics, World news
Radisson Blu celebrates a decade as the largest upper upscale brand in Europe, confirms 16 new signings in EMEA
WORLD – Radisson Hotel Group is celebrating Radisson Blu's reconfirmed position as the largest upper upscale brand in Europe for the past decade and continues its successful portfolio growth in Europe, Middle East and Africa with over 2,000 rooms and 16 signings added to the Group's portfolio in quarter 1. In a year of historic challenges, Radisson Hotel Group has…
EMEA, hotel and hospitality, Radisson Blu, Radisson Group, World news