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Automakers invest heavily in electric vehicles despite still-low demand

6 days ago DieselGasoil Comments Off on Automakers invest heavily in electric vehicles despite still-low demand
NEW YORK (Reuters) – Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. FILE PHOTO: FILE PHOTO: A Rivian R1S All-Electric SUV is displayed at the 2019 New Read More

Amazon, facing entrenched rivals, says to shut China online store

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SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s Read More

Amazon says will not operate China marketplace site from July 18

7 days ago DieselGasoil Comments Off on Amazon says will not operate China marketplace site from July 18
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, Jan. 19, 2019. REUTERS/Pascal Rossignol SAN FRANCISCO/SHANGHAI (Reuters) – Amazon.com Inc on Thursday said it is notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from July 18. “We Read More

Amazon to close domestic marketplace business in China: sources

1 week ago DieselGasoil Comments Off on Amazon to close domestic marketplace business in China: sources
FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) – Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and Read More

Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato

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BEIJING (Reuters) – Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. Singulato workers unwrap a concept car, dubbed the iC3, which is based on a discontinued EV of Toyota, Read More

Publicis pays $4.4 billion for Epsilon to extend digital reach

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PARIS (Reuters) – Publicis will pay $4.4 billion to acquire Alliance Data’s Epsilon marketing unit, the French advertising group said on Sunday, expanding its digital business and North American footprint. FILE PHOTO: Arthur Sadoun, Chairman and CEO of Publicis Groupe, attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June Read More

Donald Trump’s executive action speeds critical energy infrastructure

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4/10/2019 WASHINGTON, DC – Toby Mack, president and CEO of the Energy Equipment & Infrastructure Alliance (EEIA), has praised President Trump for signing executive orders to support development of critically-needed energy infrastructure. The parallel executive actions remove barriers to pipeline construction, facilitate private financing of energy infrastructure, and update transport regulations to allow shipment of Read More

Aker Solutions, FSubsea boost subsea oil recovery with FASTSubsea

2 weeks ago DieselGasoil Comments Off on Aker Solutions, FSubsea boost subsea oil recovery with FASTSubsea
4/10/2019 Photo: Norwegian Prime Minister Erna Solberg in discussion with FSubsea CEO Alexander Fuglesang. OSLO — Aker Solutions and FSubsea have agreed to create FASTSubsea to help operators increase oil recovery in a faster, simpler and more environmentally friendly way. Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than Read More

Well-Safe Solutions acquires semisubmersible to customize as PandA unit

2 weeks ago DieselGasoil Comments Off on Well-Safe Solutions acquires semisubmersible to customize as PandA unit
4/9/2019 Ocean Guardian semisubmersible drilling rig. Photo: Well-Safe Solutions. ABERDEEN — Well-Safe Solutions has agreed to acquire the Ocean Guardian semisubmersible drilling unit, sparking another jobs boost for the company. The asset, currently owned by Diamond Offshore, has been a stalwart in the North Sea, drilling hundreds of wells since entering service in 1985. Upon Read More