Tag: World news

Rebeca Grynspan officially takes over as head of UNCTAD

Frank

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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Swissport rolls out new cargo app

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AFRICA – Swissport is equipping its cargo workers with a brand-new mobile application and new handheld devices to further digitize its air cargo warehousing process and offer real-time visibility on cargo shipments. The Cargospot cargo app, developed by CHAMP Cargosystems, is to record every step of the warehousing process, such as for example acceptance, build-up, check-in of goods and delivery. The mobile cargo application has already been rolled out at Swissport’s cargo operations in Helsinki, Basel, Hamburg, Manchester and Frankfurt. Next, the app will be introduced at locations across Africa, the US,…

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

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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

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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

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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 to buy back shares as fuel prices boom

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WORLD – Energy company TotalEnergies says it would use part of its cash flow for share buybacks worth at least US$800 million, as rising oil and gas prices boosted profit, offsetting the hit from selling out of one of its Venezuelan ventures, reports Reuters. TotalEnergies has been investing heavily in clean energy projects and electricity production so it can eventually rely less on oil and gas, mirroring moves by European rivals. On 29th July 2021, it announced a collaboration with Amazon, through which it will supply the online retail giant with…

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TotalEnergies acquires the largest electric vehicle charge points network in Singapore

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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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Microsoft unveils Windows 11 as it takes direct aim at rival Apple’s lucrative App Store business model

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WORLD – Tech giant Microsoft has unveiled Windows 11, its first major operating system revamp since 2015 with new changes that take direct aim at Apple’s lucrative App Store business model, reports Reuters and Tech Central. Windows 11, which will hit the market by the end of this year, will include a new Windows Store that will let software developers use their own in-app payment systems and pay no commissions to Microsoft and also let users both find and run Android mobile applications on their laptops and PCs, thanks to technology…

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IKEA Foundation and Rockefeller set up a historic US$1b initiative to catalyze investments in distributed renewable energy

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WORLD – The IKEA Foundation and The Rockefeller Foundation have announced they will join forces to set up a US$1 billion global platform to fight climate change and energy poverty. The platform, which is set to be launched this year 2021 aims to reduce 1 billion tons of greenhouse gas emissions and to empower 1 billion people with distributed renewable energy (DRE), a renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power plants. The new global…

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DHL Global Forwarding adds sustainable marine fuel option for full-container load shipments

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WORLD – DHL Global Forwarding, the air and ocean freight specialist division of Deutsche Post DHL Group, has introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of their sustainability strategy. Following the success of the launch of a similar service for Less-than-Container Load (LCL) shipments, they are now extending the carbon reduction option to Full-Container Load (FCL) shipments. DHL customers can easily choose the use of sustainable biofuels, such as via the myDHLi Quote + Book function, which also includes a carbon calculator and offering the…

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