Rebeca Grynspan officially takes over as head of UNCTAD

WORLD – Rebeca Grynspan has taken up her new role as secretary-General of United Nations Conference on Trade and Development (UNCTAD) for a four-year term. The former vice president of Costa Rica is the first woman and Central American to serve as UNCTAD’s secretary-general. Ms Grynspan, a former vice president of Costa Rica, and the first woman to serve as UNCTAD’s secretary-general was nominated for the post by UN Secretary-General António Guterres and approved by the General Assembly “I am honoured to begin work at UNCTAD at a critical time…

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LG Electronics unveils a US$20m global competition for tech startups

WORLD – LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas into the future. The inaugural competition will be hosted by the company’s new Silicon Valley-based innovation center, LG NOVA, a strategic team within LG working with startups and entrepreneur communities to build new businesses and tap innovation from outside LG. The contest will be a nine-month annual challenge seeking the best ideas, concepts, and businesses for a greener, smarter, healthier, more connected future. The selected startups will begin working with the…

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Adidas sells Reebok to Authentic Brands in US$2.5b deal

WORLD – Sportswear manufacturer Adidas AG, has agreed to sell its underperforming Reebok business to Authentic Brands Group Inc. for up to US$2.5 billion, adding another well-known name to the buyer’s growing line-up of consumer companies. The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said in a statement and the deal is expected to close in the first quarter of 2022. Authentic Brands Chief Executive Officer Jamie Salter said in the statement that the deal…

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TotalEnergies eyes stake in world’s largest offshore wind farm

WORLD – TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials, reports Bloomberg. Paris-listed TotalEnergies could buy a roughly 20% stake in the third phase of the Dogger Bank wind project in the North Sea, which is being developed by U.K.-listed SSE Plc and Norway’s Equinor ASA, the people said. Deliberations are ongoing, and no final decisions on the size of any stake purchase…

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TotalEnergies acquires the largest electric vehicle charge points network in Singapore

WORLD – Broad energy company TotalEnergies, has agreed to buy Singapore’s largest electric vehicle charging network from fellow French firm Bollore Group. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of the charge points currently under operation in Singapore, access to electric vehicles owners as well as the car-sharing solution BlueSG. Singapore is aiming to phase out all internal combustion engine…

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UN confirms appointment Rebeca Grynspan as UNCTAD Secretary-General

WORLD – Rebeca Grynspan of Costa Rica will be the new Secretary-General of United Nation Conference on Trade and Development (UNCTAD), the UN trade and development body after her nomination to the post by UN Secretary-General António Guterres was approved by the UN General Assembly. Ms. Grynspan, the first woman and Central American to be appointed as Secretary-General of UNCTAD, is an economist and current Ibero-American Secretary-General. She replaces Dr. Mukhisa Kituyi of Kenya who stepped down after serving his year terms. “I am grateful and honoured for the trust…

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mPharma, Sunculture join Morgan Stanley’s inaugural sustainable business collaborative cohort

AFRICA – Two African start-ups are among five breakthrough innovative companies that will receive awards and participate in Morgan Stanley’s first initiative that aims to advance systemic solutions for complex sustainability challenges across the World. The five companies include mPharma based in Ghana and Suncluture from Kenya: plus, MySoc from the US, Siklus from Indonesia and Trees as Infrastructure from the UK. Organised by Morgan Stanley, the leading American investment bank and financial services company, the Sustainable Solutions Collaborative, which is organised by the firm’s Institute for Sustainable Investing targets…

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Total rebrands as TotalEnergies, transforms into a broad energy company

WORLD – Shareholders of French energy giant Total have approved, almost unanimously, the resolution to change the company’s name to TotalEnergies, reflecting its strategic transformation into a broad energy company. In tandem with this name change, TotalEnergies is adopting a new visual identity. “Energy is life. We all need it and it’s a source of progress. So today, to contribute to the sustainable development of the planet facing the climate challenge, we are moving forward, together, towards new energies. Energy is reinventing itself, and this energy journey is ours. Our ambition is…

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Kuehne+Nagel completes acquisition of Apex Logistics

WORLD – Global transport and logistics company Kuehne Nagel, has completed the acquisition of Apex International Corporation, following the satisfaction of all closing conditions. Apex is an Asian freight forwarder, especially on the transpacific and intra-Asia trade routes. In 2020, the company generated turnover of CHF 2.2 billion (US$2.4 billion), gross profit of CHF 296 million (US$327 million) and earnings before taxes of CHF 126 million (US$139 million) and ranked seventh in terms of global air freight forwarding volume. In the first quarter of 2021, Apex has continued to perform…

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Radisson Blu celebrates a decade as the largest upper upscale brand in Europe, confirms 16 new signings in EMEA

WORLD – Radisson Hotel Group is celebrating Radisson Blu’s reconfirmed position as the largest upper upscale brand in Europe for the past decade and continues its successful portfolio growth in Europe, Middle East and Africa with over 2,000 rooms and 16 signings added to the Group’s portfolio in quarter 1. In a year of historic challenges, Radisson Hotel Group has remained actively committed to its five-year development plan to be recognized as one of the top hotel brands in the world and the brand of choice for owners, guests, and…

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