Walmart, the world’s largest retailer, has announced the abrupt closure of four of its underperforming stores in Chicago, citing millions in annual losses. The company said that the eight Chicago stores, collectively, have not been profitable since the first store opened 17 years ago. The losses have been adding up, amounting to “tens of millions…
Invinity Energy Systems awarded £11m grant to deploy UK’s largest flow battery
LONDON, UK: Invinity Energy Systems plc, a global leader in utility-grade energy storage, has been awarded a £11m grant from the UK Department for Energy Security and Net Zero under Phase 2 of the Longer Duration Energy Storage Demonstration Competition. The funding will be used to deploy a 30 MWh vanadium flow battery (VFB), the…
Enteq Technologies has sold XXT MWD intellectual property and associated assets
LONDON, UK: Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announced the sale of the XXT MWD (measurement while drilling) intellectual property and the associated assets (XXT). The sale is a result of a strategic focus to improve the company’s medium term cash position to underpin investment in product line development,…
Pakistan’s cement sales decline 24% in March 2023
KARACHI, PAKISTAN: As per the recent data, total cement sales for the month of March clocked in at 3.8 mn tons vs. 5.0mn tons in the corresponding period of last year, reporting a decline of 24% YoY. The tally for 9MFY23 came in at 33.6mn tons, lower by 18% on a YoY basis. Cement sales…
Ventia awarded fibre upgrade works with NBN Co
AUCKLAND, NZ: Ventia Services Group has been awarded a significant contract with NBN Co. The contract is an extension and new scope under NBN Co’s Fibre Connect (Fibre to the Node to Fibre to the Premises) program and is expected to deliver revenue of approximately $280 million to Ventia over the next 2.5 years. The…
Clean Seas Seafood has purchased a new automated feed barge
SYDNEY, AUSTRALIA: Clean Seas Seafood Limited has purchased a new automated feed barge, designed to significantly reduce production costs, and enhance operational efficiencies, stability and productive capacity. Clean Seas has contracted with Southern Ocean Solutions to construct a new automated feed barge to be located on the Company’s 2,850 tonne capacity Arno Bay farm site….
Google adds over 800 free channels to its Google TV app
In a groundbreaking move, Google will be adding over 800 free channels to its Google TV app on the Chromecast streaming device and select TVs made by Sony, CL, Hisense, and Philips, company announced on Tuesday. This aggregation of several existing free TV services like Fox’s Tubi, Paramount Global’s Pluto TV, and Haystack News is…
Moderna forecasts $8-15 billion in sales from its respiratory vaccines by 2027
Moderna announced on Tuesday that it expects to generate between $8 billion and $15 billion in sales from its respiratory vaccines, including Covid, RSV, flu, and other respiratory illnesses, by 2027. The biotech firm also stated that it expects to see an operating profit of $4 billion to $9 billion during the same period. Moderna…
IMF releases weakest global growth forecast in over 30 years
On Tuesday, the International Monetary Fund (IMF) released its latest economic outlook, predicting the weakest global growth expectations for the medium term in more than 30 years. According to the IMF, global growth is expected to be around 3% five years from now, which is the lowest medium-term forecast in an IMF World Economic Outlook…
Boeing has delivered 64 planes in March 2023
Boeing has delivered 64 planes in March 2023, making it the highest delivery rate since December, as airlines look to capitalize on the boom in air travel. Among the deliveries were seven Boeing 787 Dreamliners, which resumed deliveries mid-March after addressing a data analysis flaw that was reported in late February. The company also delivered…
Ford to invest $1.3 billion in Canadian plant to transform it into electric vehicle hub
Ford Motor plans to invest 1.8 billion Canadian dollars, which is about $1.3 billion, in its Oakville Assembly Plant in Ontario, Canada, to transform it into an electric vehicle (EV) hub, the automaker announced on Tuesday. The company aims to build its next-generation EVs at the plant, which will be renamed the Oakville Electric Vehicle…
Should You Consider A Career In The Pharmaceutical Sector?
Are you considering a career in the pharmaceutical industry? Maybe you’re someone looking for a job that has great monetary rewards, or perhaps one with the chance to truly make a difference in other people’s lives. Or, maybe you simply have an interest and passion for the pharmaceutical sector and all it encompasses. This blog…