The quickest shipping route between Europe and Asia has been hampered by attacks on vessels by Houthi terrorists in Yemen who are backed by Iran.   Targeting a corridor that carries 15% of all shipping traffic worldwide, the attacks have forced a number of shipping corporations to reroute...

According to a press announcement from BAT, US-based Philip Morris International and British American Tobacco (BAT) have reached a global settlement agreement to end their patent battle over HTP, or hot tobacco products, and e-cigarettes. The accord stops all cases alleging patent infringement and...

Wenea and TotalEnergies have reached an agreement for the development of an electric vehicle refueling station network in Spain. As a first step, TotalEnergies purchased Wenea’s subsidiary Nordian CPO, which possesses 200 refueling stations. All 200 of these gas stations receive their electricity...

With more than 10 million cars sold in 2023, Japanese automaker Toyota Motor rose to the top of the global automotive sales rankings for the fourth year in a row. A preliminary estimate made public on Tuesday states that sales of Toyota and Lexus automobiles reached an all-time high of about 10.31...

Open only to non-Muslim diplomats, the first alcohol store in Saudi Arabia has been opened in the country's capital, Riyadh.   It may only impact a small number of people, but it is a significant shift for the deeply conservative Muslim nation, where alcohol has been...

The Financial Times reports, citing sources, that Elon Musk's US artificial intelligence business X.Ai is in discussions to raise up to $6 billion in equity money. In recent weeks, the company has communicated with wealthy individuals and family offices based in Hong Kong, among other international...

The email is thought to be hacked by Cozy Bear hackers. Hewlett Packard Enterprise (HPE) used the US Securities and Exchange Commission (SEC) website to announce that the company’s corporate email has been hacked. The hacking group responsible for the attack is believed to be Midnight Blizzard,...

The American biopharmaceutical company Inhibrx is selling its assets to French company Sanofi for a reported $2.2 billion. In a press release, Sanofi stated that it is purchasing all of the Inhibrx assets associated with the investigational medication INBRX-101. This medication is intended to treat...

The project to construct a petrochemical complex in the Chinese province of Fujian has reached a final investment decision, according to Saudi Basic Industries Corporation (SABIC), which is under the authority of Saudi Aramco. The enterprise will be created in cooperation between Fujian Fuhua Gulei...