WASHINGTON: The war in the Middle East has not only roiled global oil and gas markets but is now severely disrupting supply chains for renewable energy infrastructure, exposing vulnerabilities that experts say blur the line between fossil fuels and clean energy. “You can’t really separate the two anymore,” Jon Powers, president of solar and…
WASHINGTON: Clothing and home goods prices could rise between 4% and 10% if the ongoing conflict in the Middle East extends into the autumn and drives up fuel and fabric costs for manufacturers, a retail industry executive said. While the clothing and home retailer has so far experienced little disruption to its supply chain,…
LONGREACH: Australian farmers are facing a diesel price shock, and many believe the long-term answer isn’t just finding more fuel, it’s rethinking how farms operate. From virtual fencing to solar-powered robots, growers are looking at ag-tech, automation and selective electrification to cut fuel dependence, boost productivity and weather future shocks. That message ran through…
PERTH — Viking Mines Ltd. announced Tuesday it has entered a binding agreement to acquire six tungsten projects in Nevada, a move designed to capitalize on soaring prices and U.S. efforts to build domestic supply of the critical mineral. The ASX-listed company will acquire 100% of the portfolio from U.S.-based BLK Group LLC through…
LONDON: Pensana (PRE.LSE) has concluded a US$100 million subscription by a Strategic Investor in support of the Company’s U.S. Mine-to-Magnet strategy. Under the agreement, the Strategic Investor has subscribed for 95,000,000 new ordinary shares of £0.001 each subject to confirmatory due diligence of the Longonjo project along with shareholder authorisation of the share issue…
STOCKHOLM – Swedish retailer Clas Ohlson said on Tuesday it will invest 400-450 million Swedish crowns ($38-43 million) to upgrade its main distribution centre, betting on automation to fuel long-term growth in both store and online sales. The board-approved investment will modernise the company’s logistics hub in Insjön, Dalarna, the town where it was founded…
SAN FRANCISCO – Tailor, a headless ERP platform for retail and ecommerce brands, announced the final close of its Series A funding round, bringing the total raised to $37 million as it plans to accelerate its expansion in the United States. The funding round saw participation from new investors, including i-nest capital, ALPHA, and…
NEW YORK: Accenture (NYSE: ACN) has acquired RANGR Data, a U.S.-based certified Palantir partner with deep experience in driving scaled transformation through a client-centric approach. Terms of the transaction were not disclosed. The acquisition expands Accenture’s engineering talent and capabilities, further strengthening its position to drive enterprise reinvention for clients. RANGR helps organizations optimize…
ARLINGTON – Raytheon, an RTX business, and Avio USA have signed an agreement to establish a new, state-of-the-art solid rocket motor production facility in the United States, the companies announced Tuesday. The memorandum of understanding aims to make Avio a vertically integrated merchant supplier, serving Raytheon and other customers. Under the agreement, Raytheon will…
MONTREAL – Nouveau Monde Graphite Inc has finalized a series of binding offtake agreements that cover nearly all of the planned production from its flagship Matawinie mine, a critical step that paves the way for a final investment decision on the Quebec project, the company said on Friday. The agreements, announced as G7 energy and…
EDEN PRAIRIE Logistics giant C.H. Robinson Worldwide Inc. reported a sharp increase in third-quarter profit, crediting its strategic overhaul for allowing it to gain market share and improve efficiency even as the freight industry remains in a prolonged slump. The company said that net income surged 67.6% to $163 million, or $1.34 per share,…
TOKYO: Japanese distributors ARATA CORPORATION and PALTAC CORPORATION, along with data exchange firm PLANET, INC., said on Monday they will establish a new company to centralize product information management for the consumer goods industry. The new venture, Product Registry Services, Inc., aims to create a single, standardized source for product data – such as…