newszine

Europe 5G network buildout to trigger deals, won't bust capex budgets

14 hours ago DieselGasoil Comments Off on Europe 5G network buildout to trigger deals, won't bust capex budgets
BARCELONA (Reuters) – The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets. People speak before the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. Picture taken June 4, Read More

Shanghai ‘earthscraper’: World’s 1st underground hotel opens in China inside abandoned quarry

15 hours ago DieselGasoil Comments Off on Shanghai ‘earthscraper’: World’s 1st underground hotel opens in China inside abandoned quarry
After almost 10 years of construction, Shanghai has unveiled to the public its ‘earthscraper’ hotel built vertically along the precipice of an underground, water-filled quarry. Costing 2 billion yuan ($287.9 million) to complete, the 88-meter-deep hotel is located in the Songjiang district. The Intercontinental Shanghai Wonderland, also known as Shimao Quarry Hotel, has cliff-view rooms Read More

TransGlobe Energy Corporation Announces Update to Significant Shareholder

22 hours ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces Update to Significant Shareholder
AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer)   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: TransGlobe Energy Read More

Forbes Energy Services Acquires Cretic Energy Services

22 hours ago DieselGasoil Comments Off on Forbes Energy Services Acquires Cretic Energy Services
ALICE, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) — Forbes Energy Services, Ltd. (OTCQX: FLSS) (“Forbes”), announced today that it has acquired Cretic Energy Services, LLC (“Cretic” or the “Company”) from Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company.  Cretic, headquartered in Montgomery, Texas, provides large-diameter, extended-reach, coiled tubing services Read More

Gubitosi seen as favorite to become Telecom Italia CEO: sources

23 hours ago DieselGasoil Comments Off on Gubitosi seen as favorite to become Telecom Italia CEO: sources
MILAN (Reuters) – Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy’s biggest telecoms group Telecom Italia (TIM) (TLIT.MI), two sources familiar with the matter said. Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Read More

Bombardier CEO meets investors as stock dives 21 percent

1 day ago DieselGasoil Comments Off on Bombardier CEO meets investors as stock dives 21 percent
MONTREAL (Reuters) – Bombardier Inc’s (BBDb.TO) top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 23 percent in afternoon trading, two sources familiar with the matter said. A Bombardier trade pavilion is seen at Farnborough International Read More

Google Cloud names Thomas Kurian to replace CEO Diane Greene

1 day ago DieselGasoil Comments Off on Google Cloud names Thomas Kurian to replace CEO Diane Greene
SAN FRANCISCO (Reuters) – Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business. FILE PHOTO: A Google logo is seen at the company’s headquarters Read More

‘Germany can’t accept being treated like an occupied country’ – Former Chancellor Schroeder

1 day ago DieselGasoil Comments Off on ‘Germany can’t accept being treated like an occupied country’ – Former Chancellor Schroeder
Former German Chancellor Gerhard Schroeder didn’t mince his words about the incumbent US Ambassador to his country Richard Grenell, saying the US envoy’s treatment of the host country was insulting. Speaking with Reuters about Grenell, the veteran German politician said the ambassador’s actions suggested that he believed Germany to be occupied by America. We can’t Read More

PG&E shares, debt rebound as regulator soothes bankruptcy fear

1 day ago DieselGasoil Comments Off on PG&E shares, debt rebound as regulator soothes bankruptcy fear
(Reuters) – Shares of embattled utility PG&E Corp (PCG.N) surged 37 percent on Friday as fears it could be bankrupted by potential liability from California’s deadliest-ever wildfire were assuaged by signs of support from a regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., Read More

PG&E shares, debt recover as regulator eases bankruptcy fears

1 day ago DieselGasoil Comments Off on PG&E shares, debt recover as regulator eases bankruptcy fears
(Reuters) – Shares of embattled utility PG&E Corp (PCG.N) jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support for the company from one regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Read More