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Wednesday, July 02, 2024
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Business

Statoil set to build a large wind farm in Britain

British official have given the green light for the “Dudgeon” project. Norwegian energy companies Statoil and Stakraft will build 67 wind turbines at sea to power almost half a million homes in UK. The wind farm will be located 32 kilometers north of Cromer, off the coast of Norfolk in the North Sea. The wind ...
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More News

Statoil puts the 'Castberg' project on hold

Statoil puts the 'Castberg' project on hold

The Norwegian mammoth oil company Statoil postponed its plans regarding the rich oil fields in the Barents Sea. Latest exploration brought back disappointing results so the original plans for the filed had to be delayed. The field that was studied by Statoil for ... read entire article »
McDonald’s app saves customers queue time

McDonald’s app saves customers queue time

An increasing number of restaurants, especially those pertaining to the fast-food business, are adopting alternative ordering methods that reduce time in the product delivery process. McDonald’s, one of those restaurants, has introduced a mobile app where ... read entire article »
Honda takes off with new jet program

Honda takes off with new jet program

HondaJet, the car-maker’s first airplane, has successfully completed its first journey after it took off from Honda Aircraft headquarters in North Carolina for a 84-minute flight. The plane made its debut sooner than expected as its certification and delivery ... read entire article »
Mensa teams-up with online dating site

Mensa teams-up with online dating site

The world’s most IQ-blessed people may have no trouble understanding quantum physics but when it comes to love, things may get complicated. For that reason, Mensa has partnered up with the online dating service, Match.com, in order to help people with the same ... read entire article »
US lifts 40-year oil export ban

US lifts 40-year oil export ban

The US has changed its mind regarding a 40-year old oil export ban. Two companies have been given permission by the government to begin exporting condensate, which is an ultra-light oil that has been only partially refined to remove gases and stabilize it. The ... read entire article »
Who works the least in Europe?

Who works the least in Europe?

When talking about who puts in the biggest amount of work per year and who gets the most time off, two things need to be taken into consideration. The first is related to public holidays when workers get a day off and the second refers to public leave which ... read entire article »
World Cup secures Adidas’ profits for 2014

World Cup secures Adidas’ profits for 2014

World Cup related sports items are selling fast enough to put Adidas in a safe place for the entire year, as far as profit goes. The company announced it will reach its revenue goal of 2 billion euros it set for this year. Because it is sponsoring nine national ... read entire article »
French rail strikers clash with police

French rail strikers clash with police

As the French rail workers enter their second week of protests, things turn to violence after strikers have clashed with police forces in front of the parliament in Paris. The mob is angry that the government will reform the rail sector without being able to ... read entire article »
Mitsubishi-Siemens make bid for Alstom

Mitsubishi-Siemens make bid for Alstom

Mitsubishi and Siemens have finally made a joint offer to France’s Alstom, worth a total of 7 billion euros cash. The German engineering company, Siemens, is after Alstom’s gas turbines while Japan’s Mitsubishi wants stakes in the Alstom’s key assets. ... read entire article »
France in longest rail strike in years

France in longest rail strike in years

French rail workers are entering the seventh day of being on strike in what is the longest period of workers' protests the country has seen in years. Employees refuse to comply with reforms that would open France to competitors for the already indebted rail ... read entire article »
Russia halts gas delivery to Ukraine

Russia halts gas delivery to Ukraine

The Russian state-owned Gazprom halted gas supply delivery going into Ukraine as the latter failed to meet the debt payment deadline, set for Monday at 8 am. Although representatives of the two sides had held negotiations last week over the gas deal, it seem ... read entire article »