by Charbel Lebbos | Jul 26, 2022 | business
Abu Dhabi-based Ruya Partners, an emerging markets private credit firm, has invested 75 million Saudi riyals ($20m) in Saudi Arabia-based temporary power solutions provider Energia. The capital will enable Energia to acquire new assets, refinance its near-term...
by Charbel Lebbos | Jul 26, 2022 | business
Another cold-storage food warehouse is potentially coming to Northeast Ohio, this time slated for Lorain County. Berkshire Refrigerated Warehousing plans to build a 200,000 square-foot refrigerated warehouse in Sheffield. The company provides storage for both...
by Charbel Lebbos | Jul 25, 2022 | business
Tesla boss Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google co-founder, Sergey Brin. Mr Musk’s comments came after the Wall Street Journal reported that his friendship with Mr Brin had ended over the alleged affair. Replying to a...
by Charbel Lebbos | Jul 25, 2022 | business
Embattled Chinese real estate giant Evergrande is expected to deliver a preliminary restructuring plan this week, following the exit of two bosses. The firm says its chief executive and finance head have resigned, after an internal probe found that they misused around...
by Charbel Lebbos | Jul 21, 2022 | business
Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three months of the year, the first time since the pandemic surfaced in early 2020 that the company did not report a record profit. Tesla reported adjusted...
by Charbel Lebbos | Jul 20, 2022 | business
After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown. It lost almost a million subscribers between April and July as more people decided to quit the service. The streaming giant has now lost members for two quarters in a...
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