International – Page 17 – City Business News

May 22, 2018 No Responses

Sony Acquires 90 % Stake In EMI Record With $2.3Billion

Sony says it has agreed to buy a controlling stake in EMI Music Publishing for $2.3bn (£1.71bn) as it looks to boost its music portfolio. The deal would mean Sony would indirectly own about 90% of the record label and...

May 18, 2018 No Responses

Green Economy To Generate 24 million Jobs By 2020

Twenty-four million new jobs will be created globally by 2030 if the right policies to promote a greener economy are put in place, a new ILO report says. According to World Employment and Social Outlook 2018: Greening with Jobs , action...

May 17, 2018 No Responses

LNG Bunkering Hub Underway In Oman

French energy major Total is looking to develop a liquefied natural gas (LNG) bunkering hub in Oman under a recently signed Memorandum of Understanding (MoU). The company said it would use its equity gas entitlement as feedstock to supply LNG as a...

May 17, 2018 No Responses

Total Pulls Out Of $1Billion Gas Deal

French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions. Total said it will unwind operations by November unless sanctions are waived. Washington is re-imposing strict...

May 14, 2018 No Responses

Abuja Firm Partners Austrian Institute, Unveils Research, Innovation Facility

A new Nigerian R&D laboratory has been unveiled in partnership with Ars Electronica, an Austrian scientific and artistic institute. The Institute is experimenting with groundbreaking digital art technological innovations. The Abuja-based research a...

May 14, 2018 No Responses

Autonomous Ships Take Centre Stage At IMO Meeting

Come May 16, the International Maritime Organization’s (IMO) efforts on the regulation of autonomous ships will begin with the 99th session of the Maritime Safety Committee (MSC 99). The MSC will begin looking at how the safe, secure and environmentally...

May 11, 2018 No Responses

Nigerian To Sue US Customs Over $41,000 Seizure

A Nigerian woman is suing the US customs agency after it seized tens of thousands of dollars which was earmarked to build a free medical clinic in Imo state. According to the Washington Post, Anthonia Nwaorie was carrying $41,000 (£30,000)...

May 10, 2018 No Responses

Forum Explores SME Access To Funding Through Capital Markets

The public sessions of the International Organization of Securities Commissions (IOSCO) opened on Thursday with special focus on Small and Medium Enterprises (SME) access to funding through capital markets. Members also explored the sale of unsuitable produc...

May 10, 2018 No Responses

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...

May 9, 2018 No Responses

US Pulls Out Of Iran Nuclear Deal

US President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Calling it “decaying and rotten”, he said the deal was “an embarrassment” to him “as a citizen”. Going against advice from...

May 8, 2018 No Responses

Test Of Courage For Audi Drivers In Belgium

Belgium, some 80 kilometers southeast of Brussels will host round three of the FIA World Rallycross Championship (World RX) this weekend (May 12/13) – and test the drivers’ courage. The two EKS Audi Sport drivers are travelling to Mettet...

May 7, 2018 No Responses

More Strikes Threaten Future Of Air France, Says Minister

The survival of strike-hit Air France is in the balance, according to the country’s economy minister. Bruno Le Maire’s warning that Air France could “disappear” comes as staff begin another round of industrial action over a pay dispute....

May 7, 2018 No Responses

Corporation Unveils Helix Terminal At Port of Barcelona

Miami-based cruise company Carnival Corporation & plc officially opened its second cruise terminal at the Port of Barcelona on May 5. Located on the port’s Adossat wharf, the Helix terminal will accommodate Carnival Corporation’s new class of next-gene...

May 1, 2018 No Responses

Panasonic To Pay $280m Corruption Fine

Japanese electronics giant Panasonic has agreed to pay more than $280m (£203m) to resolve charges brought under US anti-corruption law. The US said the firm’s in-flight entertainment division hired consultants for “improper” purposes and con...