UMC Shrinking it’s Chip Making Project amid US China Trade Tensions

World’s third largest chipmaker, Taiwan’s United Microelectronics Corp. is scaling down its dynamic random access memory (DRAM) project Fujian Jinhua. The company recently moved 140 employees of 300 staffer DRAM project internally to other departments. The move is significant when the project is in a suspension mode since November 2018 when USA banned all supplies …

US Malls Witnessed Record Vacancies in 2018 in Seven Years as more Retail Giants Announce Closures

2018 was a tough year for retail giants as a steady stream of retail closures made headlines in last months. Bankruptcy ridden Sears is closing 80 stores by March 2019 as it looks forward to liquidate its assets all over USA. Similar news from Bonton and JCPenney took the retail industry by storm. Owners of …

Lorax Compliance Issues Warning for Pack Exporters vis-à-vis New European Regulations

Lorax Compliance, a firm offering SaaS services for environmental compliance and consultancy for companies who need to consider regional and global compliances, issues an official warning for firms to brace themselves for amendments in the packaging compliance schemes in Europe. In case they fail to do so, the repercussion might include a fine imposition of …

Iran has Raised its Gasoline Production Capacity to Record Levels amidst US Sanction on Iranian Oil

To immunize itself from the massive effects of US sanctions, Iran has increased its gasoline production levels to 100 million liters per day. With this kind of national production capacity it has moved closer to the goal of achieving self-sufficiency, as reported Iranian media agency. The increase comes from the Persian Gulf Star Refinery near …

Pertamina Enters Crude Oil Supply Contracts with 11 Oil and Gas Contractors in Indonesia

Pertamina, the state-owned oil and gas company in Indonesia has entered into contracts with 11 oil and gas companies operating in Indonesia to supply crude oil. The contract has been signed with an aim to reduce crude oil imports in the country. The agreements of the contract are based on the Energy and Mineral Resources …

ARLP Completes Acquisition of AllDale, Targets the Oil & Gas Mineral Interests

Alliance Resource Partners (ARLP) made an official announcement, which conveyed completion of the acquisition of AllDale with a purchase amount of nearly $175 million, as per the previous announcement. This, in turn, enabled a control of nearly 42,000 net acres of royalty vis-à-vis areas with large-scale oil & gas accumulation. ARLP is one of the …

EU to Follow Suit After USA on Barring Chinese Companies as the 5G Technology’s Potential Usage in Espionage Operations Raises Concern

 5G Technology has alarmed many in the security establishment of USA and Europe. A technology which has shown promises to revolutionize telecom sector radically in next couple of years has also posed a major security threat to national security according to experts. The technology has many loopholes which can also be exploited to conduct espionage …

Qualcomm Enforces Ban of Specific iPhone Models in German Stores

Qualcomm Inc, an American multinational giant in telecommunications products and services, took some solid step on Thursday vis-à-vis enforcement of court order to ban sales of specific iPhone models in Germany. This step is highly likely to persuade Apple Inc. to pull out these iPhone models from German stores and shops, which in turn will …

Ablative Solutions Inc. Raises Funding of $77M to Focus on Effective Treatments for Hypertension

Hypertension refers to a medical condition that has had a history of affecting people across the globe and also carries the potential of resulting into chronic health issues, such as cardiac arrest, heart failure, and stroke. It also represents a notable burden to the overall healthcare system framework and has attracted the attention of healthcare …

Bleach gel Market to See Incredible Growth During 2018-2028

Bleach gel Market Outlook: Bleach gel is a powerful high viscosity gel which provides whitening and stain removal formula for clothes and home cleaning. The bleach gel is used in laundry to deep clean, and whiten the fade clothes, along with deodorizing the clothes so as to provide them fresh and clean look like never …