"Our equity requirements have already been met," Ambani had said in the AGM. With a stake, Aramco would not just have a share in one of the world's best refineries and the largest integrated petrochemical complex but also access to one of the fastest-growing markets -- a ready-made market for 5 lakh barrels per day of its Arabian crude and a potentially bigger downstream role in future. … [Read more...] about Aramco conducting due diligence for acquiring stake in RIL’s O2C business, says CEO
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AstraZeneca in first COVID-19 vaccine deal with Chinese companyShenzhen Kangtai Biological Products will produce AstraZeneca's potential COVID-19 vaccine in China, the British drugmaker said on August 6, its first deal to supply one of the world's most populous countries.The deal underscores Astra's frontrunner position in a global race to deliver an effective vaccine, given that Chinese ventures are leading at least eight of the 26 global vaccine development projects currently testing on humans, news agency Reuters reported. … [Read more...] about Vaccine update Aug 6: Trump says vaccine possible before November; human trials set to begin in Indonesia
This is what a Parliamentary Labour Committee concluded on the crash: “The agencies informed the committee that the particular aircraft was grounded due to an accident in February 2008, whose CoA (Certificate of Airworthiness) was cancelled and was repaired in non-scientific manner and was taken for a test flight without getting completion/final certificate from the DGCA, is nothing but a criminal negligence which resulted into death of five employees/people”. … [Read more...] about Air India Express crash | Do investigators take the easy way out by blaming pilots?
Kultur & Spielraum with funding from the city of Munich and support from donors, the play city is free for children to attend. This year’s Mini-Munich was scheduled long in advance of the coronavirus pandemic, but prohibitions against large gatherings threatened to derail what is basically a bunch of kids brought together in the same space. So the organizers adapted. “Children’s concerns were more or less sidelined. They were either seen as vectors for the virus or as a nuisance for parents who couldn’t go to work. So we were really keen to keep it going,” says Joscha Thiele of Kultur & Spielraum. “But then obviously we had to reinvent the play city.” … [Read more...] about See inside a city run by children
Audible, the audiobooks company owned by Amazon, has been headquartered in Newark since 2007 and has made an effort over the past 13 years to integrate itself into the community. As the economic devastation of the coronavirus became evident in Newark, a city that has seen decades of disinvestment, Audible began reaching out to its community partners, such as the nonprofit Newark Alliance and the office of Newark mayor Ras J. Baraka, to plan a response. In early April, the company launched Newark Working Kitchens, a program to reopen struggling restaurants by paying them to cook meals and deliver them to the neediest residents in the city. … [Read more...] about The creative way Amazon’s Audible is helping restaurants survive COVID-19