The Strategist
Companies & CEOs

Jeff Bezos to give another $443m to fight climate change - 12/07/2021

One of the world's richest men, Jeff Bezos, last year pledged to give $10bn to fight climate change by 2030. He has only paid out $791m of the pledge. On 6 December it was revealed that the billionaire will give a further $443m to climate organisations as part of his Earth Fund. Jeff Bezos, the founder of Amazon Marketplace and Blue Origin, will allocate another $443 million from his Earth Fund...

Saudi Aramco sells 49% in its subsidiary - 12/07/2021

Saudi oil and gas company Saudi Aramco has agreed to sell 49% in its new subsidiary Aramco Gas Pipelines Company to a consortium led by BlackRock Real Assets in a deal worth $15.5 billion, the company said in a statement. "Saudi Aramco signed a 15.5 billion USD agreement to lease and lease back the (company's) gas pipeline system with a group of companies led by Hassana Investment Company and...

Saudi Aramco signs a series of agreements with French companies - 12/06/2021

During the visit of French President Emmanuel Macron to Saudi Arabia, Saudi Aramco, the Saudi state-owned oil and gas business, struck five deals with prominent French firms, including one with JOSEN to develop hydrogen vehicles. "We have signed a number of memorandums of understanding and agreements with several leading French companies to develop carbon reduction solutions, including an...

Thailand's Central Retail to buy British Selfridges for $5.3B - 12/06/2021

Central Retail, a Thai corporation, will purchase Selfridges, a British luxury department store, for £4 billion ($5.3 billion), said The British publication The Times, citing sources. According to reports, the purchase might be completed before the end of the year. Selfridges is one of the most well-known department shops in the United Kingdom, with its first store opening in London in 1909. The...

PwC offices are searched in Germany - 12/02/2021

The Frankfurt headquarters of the consulting firm PwC, as well as its offices in Berlin, Hannover, Stuttgart, and Düsseldorf, were searched on the 30th and 1st of November. It was reported in German media, citing a statement from the Frankfurt prosecutor's office concerning searches of a company's offices and sources claiming it was PwC. PwC Germany also stated that it is participating with the...

Elon Musk says SpaceX risks bankruptcy - 12/01/2021

SpaceX founder and owner Elon Musk has called the situation with the development of the Raptor rocket engine "appalling" and warned of possible bankruptcy over the problem, CNBC reported, citing the content of a corporate email from the businessman. The businessman said that he had planned to go on a long holiday after Thanksgiving, which was celebrated in the US on 25 November, but after...

US watchdog seeks information from Amazon and Procter & Gamble due to supply chain issues - 11/30/2021

The US Federal Trade Commission (FTC) has begun an inquiry into the origins of the country's supply chain disruption. According to the commission's chairperson, Lina Khan, the supply chain problems cause issues with the supply of a variety of items to customers, ranging from chips and pharmaceuticals to beef and lumber. Major retailers, distributors, and consumer products suppliers are targeted,...

Samsung allocates $17B for new chip factory in US - 11/25/2021

Samsung has announced that it will build a new semiconductor plant in the US for $17bn. Earlier, the US Senate approved direct subsidies worth $52bn for the establishment of chip production. Samsung Electronics will build a new semiconductor plant in Texas for $17bn, the South Korean giant's press office said. "By increasing production capacity, we will be able to better meet the needs of our...

HP's net profit jumps by 2.3 times in fiscal 2020-21 - 11/24/2021

US-based HP Inc reported net profit of $6.503 billion for fiscal year 2020-2021, up 2.3 times from the previous fiscal year, the company said on October 31. Diluted net profit per share for the reporting period was $5.33, compared with $2 for the previous year. The company's revenues rose 12.1 percent to $63.487 billion for the fiscal year. The company's net profit for the fourth quarter jumped...

Ford to enter the automotive electronics processor market - 11/19/2021

Ford has decided to enter the semiconductor and processor market. The company has signed an agreement that it will participate in chip development and may even manufacture them in the future. Under the agreement, GlobalFoundries will be able to supply components for Ford's car lineup. The companies will jointly research and develop the processors.  Ford and GlobalFoundries will also look...
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