Australian oil explorer Melbana Energy has signed agreement with Anhui Modestinner Energy, a subsidiary of Chinese major Anhui Guangda Mining Investment to conduct drilling operations in exploration well Alameda1 in northern Cuba. Alameda is highest ranking exploration target in block 9, and holds a structural proximity to the largest oil field in Cuba, Varadero field, …
Author Archives: Sandali
Governmental Policy Shift Along with Changing Landscape Threatens Chinese Drug maker’s Generic-based Business Model
Chinese drug maker’s stocks plunged by $46 billion in December 2018. Chinese government is planning a shift in its drug pricing policy by undertaking bulk procurement of drugs as part of its new program. The move is significant as it will bring down prices of drugs as a major step towards universal and cheaper access …
Amazon, a Company Notoriously Famous for Secrecy has Finally Revealed the Number of Alexa built in Devices Sold
Amazon has revealed recently that approximately 100 million devices with Alexa built in have been sold. The number came from the senior vice president of devices and services of the company, Dave Limp in an interview with The Verge. When asked about the number of Echo dots sold this season, Mr. Limp refused to give …
Britain on Nuclear Alert after Hitachi Freezes £20 Billion Plant Project
Britain’s nuclear power ambitions were in doubt on Thursday when Hitachi shelved a £20 billion project, following Prime Minister Theresa May’s overwhelming defeat of her Brexit deal. The Japanese conglomerate confirmed it is suspending plans to construct nuclear power station in North Wales and would take a multi-billion pound write-down. The £16 billion Wylfa plant …
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Has the US Behemoth Become Too Big to Fail? Jacobs behind £200bn of UK Infrastructure Projects
The US engineering behemoth ‘Jacobs’ has long been dominating majority of London’s infrastructure including £500 million-worth of projects related to the High Speed Two rail line, £5 billion super-sewer project, restoration project of Palace of Westminster worth over £4 billion, and many more. In short, Jacobs is the biggest company people in London have never …
IMF Warns No-deal Brexit and Trade Tensions Could Hit Global Economy Growth
In a new report on world economic outlook, the International Monetary Fund (IMF) has warned that escalation of Trump’s trade war with China and a no-deal Brexit could undermine global economic growth. The IMF is now predicting the world economy to grow 3.5% in 2019, though it forecast the growth of 3.7% in October last …
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Primark Exceeds Expectations in Retail Profits in the Christmas Season as Other Fashion Retail Chains Suffer Ongoing Gloom
Dublin-based fashion retail chain Primark has reported a rise in market share as profits increased during the Christmas season sales in its retail stores across UK. The fashion chain which only sells its products at the high street retail stores has never launched its products on its website although they are available on other ecommerce …
Google Threatens the Withdrawal of News Service from Europe if the New EU Rules are Finalized
The European Union is working towards the finalization of a new copyright law which has alarmed search giants including Microsoft and Google. The new copyright law seeks to give publishers the right to demand compensation from Google-parent Alphabet Inc. and other online platforms including Facebook if small snippets of news from their articles appear on …
Experimental Drug Promises a New Option for Type 2 Diabetes
An experimental drug may help curb blood sugar of patients with type2 diabetes without causing it to drop to extremely low levels. In a new study, a team of researchers has discovered that the compound–dubbed TTP399–improved the blood sugar control of patients, when it was added to metformin, the first-line medication for type 2 diabetes, …
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Generation of Children May Live Shorter Lives than Their Parents due to Obesity
A generation of kids will possibly live shorter lives compared to their parents if nothing is done to cope with Wales’ obesity crisis, according to Dr. Frank Atherton, a chief medical officer. He predicted that obesity will soon takeover smoking as the biggest risk to public health and in 25 years’ time, it can become …
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