The Financial Accounting Standards Board (FASB) has put forth a proposal known as the Accounting Standards Update (ASU), which focuses on enhancing the accounting practices for purchased financial assets. In an effort to improve this area of accounting, the FASB is actively seeking input and feedback from stakeholders until August 28, 2023. Following the introduction…
What are the Key Features of a Lithium Ion Battery Inverter?
Energy storage solutions are crucial for ensuring an efficient and sustainable power supply for devices and systems. There are different types of batteries employed in inverters to work accordingly. However, lithium-ion batteries have significantly gained popularity among the various types of batteries due to their exceptional performance and versatility. Lithium ion battery inverters are substantial…
Online Loan Lenders vs Traditional Ones – Which Are Better?
There are several possibilities when it comes to getting a loan. You can go through a traditional lender, such as a bank or credit union, or you can take the modern route and apply for an online loan from one of many online lenders. So which option is better? The answer isn’t quite simple, as…
Ford slashes F-150 Lightning prices to compete with Tesla
Ford Motor Co. on Monday announced a sharp reduction in the prices of its F-150 Lightning electric trucks, including a 17% cut for the base model, as it seeks to gain an edge over Tesla Inc. in the fast-growing EV market. The Detroit-based automaker said it was able to lower prices after improving its scale…
Summit Bank Limited changes name to Bank Makramah Limited
KARACHI, PAKISTAN: Summit Bank Limited announced that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah Limited (abbreviated as BML). This will become effective subject to other regulatory and corporate approvals. This name change follows the recent acquisition of a controlling stake in Summit Bank by prominent…
Saudi Aramco CEO joins BlackRock board of directors
BlackRock, the world’s largest asset manager, announced Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining its board of directors. The move reflects BlackRock’s emphasis on the Middle East as part of its long-term strategy, as well as its recognition of the global energy transition and the shift…
Kingspan acquires majority stake in Steico, the world leader in natural insulation
LONDON, UK: Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, announced today that it has agreed to buy c.51% of the shares of Steico SE, the world leader in natural insulation and wood-based building envelope products, for EUR35 per share, with an option to buy a further c.10% of…
Exchange rates for GBP against major currencies on July 18, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1631 Pounds to Euros GBP-USD 1.3098 Pounds to Dollars GBP-NZD 2.0677 Pounds to New Zealand Dollars GBP-AUD 1.9171 Pounds to Australian…
Nostrum acquires 80% stake in Kazakhstan oil and gas fields
LONDON, UK: Nostrum Oil & Gas PLC, an independent oil and gas company operating in the pre-Caspian Basin, has announced that it has completed the acquisition of an 80% interest in Positive Invest LLP, which holds the rights to develop and produce hydrocarbons from the Stepnoy Leopard Fields in the West Kazakhstan region. The acquisition…
Saudi Arabia produces first circular polymers from plastic waste
RYADH, KSA: A joint project by TotalEnergies, Aramco and SABIC has achieved a breakthrough in the Middle East and North Africa by converting oil derived from plastic waste into certified circular polymers. The project used plastic pyrolysis oil, also known as plastic waste derived oil (PDO), as a feedstock to produce polymers that can be…
How To Make Better Decisions As A Medical Professional
As a medical professional, you are faced with the responsibility of making decisions that can have a significant impact on the lives of your patients. Whether it’s determining a diagnosis, choosing a treatment plan, or making decisions in emergency situations, good decision-making is critical for effective patient care. However, decision-making in the medical field can…
DNB Bank to buy back up to 1.5 percent of its own shares
OSLO, NORWAY: DNB Bank ASA, Norway’s largest financial services group, announced on Monday that it will buy back up to 1.5 percent of its own shares, or 23.1 million shares, to optimise its capital structure and reduce its CET1 capital ratio by 0.5 percentage points. The buy-back programme, which has been approved by the Financial…