Ukraine battle: BP below stress to promote stake in Russian agency

0

Ukraine battle: BP below stress to promote stake in Russian agency

25 February 2022

Picture supply, Getty Pictures

Oil large BP is below stress from the UK authorities to dump its 20% stake within the Russian state-owned oil agency Rosneft, the BBC has been informed.

Enterprise Secretary Kwasi Kwarteng spoke to BP boss Bernard Looney on Friday following Russia’s invasion of Ukraine.

He “left Mr Looney in little question concerning the seriousness of presidency considerations about BP’s overexposure to Russian pursuits”, an official stated.

BP has stated it’s “carefully watching the regarding developments” in Ukraine.

Mr Looney and former BP chief govt Bob Dudley have a seat on Rosneft’s board alongside

Cathie Wooden Added To Stake In This Medical Expertise Firm As Its Shares Surged 6% On Friday

Jean Friend

Supply Chain News

0

Cathie Wooden Added To Stake In This Medical Expertise Firm As Its Shares Surged 6% On Friday

Cathie Wooden’s Ark Funding Administration on Friday purchased 26,126 shares — estimated to be value $163,026 — in Quantum-Si Inc (NASDAQ:QSI).

Shares of the medical expertise firm closed 6.12% increased at $6.24 a share. The inventory is down 40.5% year-to-date.

Ark Make investments has been piling up shares within the Guilford, Connecticut-based medical expertise firm by way of its flagship healthcare fund Ark Genomic Revolution ETF (BATS:ARKG).

ARKG held 11.36 million shares — value $66.8 million — in Quantum-Si forward of Friday’s commerce.

The corporate went public earlier this yr in a SPAC merger with HighCape Capital Acquisition Corp

Jean Friend

Business

0

Tesla Inventory Falls After Musk Guarantees to Promote 10% of Stake

Tesla Inc. shares fell after Chief Govt Elon Musk signaled he was open to promoting 10% of his holdings.

Shares within the electric-vehicle maker misplaced 4.8% Monday after Mr. Musk, the corporate’s largest stockholder, launched a weekend ballot of his 63 million followers on Twitter, asking them if he ought to promote the stake, price round $21 billion at Friday’s market shut, to pay taxes. About 58% of the three.5 million individuals voted in favor of the sale and Mr. Musk tweeted that he had been “ready to simply accept both end result.”

Monday’s slip took a

Jean Friend

Supply Chain News

0

Back in Barcelona, Telecoms Bosses Stake Claim to Digital Future | Technology News

By Clara-Laeila Laudette and Supantha Mukherjee

BARCELONA (Reuters) -Telecoms bosses toasted the return of Barcelona’s Mobile World Congress on Monday with an agenda to put the industry at the centre of digital development and inclusion in a global reboot following the coronavirus pandemic.

Having kept networks humming while people were locked down at home, telecoms executives said the pandemic had shown how vital connectivity was to those with access to the latest technology, and more so for those the billions who lack it.

Cancelled last year at the last minute when COVID-19 first began to spread across the globe, the

Jean Friend

Supply Chain News

0

Back in Barcelona, telecoms bosses stake claim to digital future

Mobile World Congress back after pandemic break
Telcos say vital to digital development, inclusion
Executives urge European regulatory overhaul
No-shows include Samsung, Nokia and Ericsson

BARCELONA, June 28 (Reuters) – Telecoms bosses toasted the return of Barcelona’s Mobile World Congress on Monday with an agenda to put the industry at the centre of digital development and inclusion in a global reboot following the coronavirus pandemic.

Having kept networks humming while people were locked down at home, telecoms executives said the pandemic had shown how vital connectivity was to those with access to the latest technology, and more so for those

Jean Friend

Supply Chain News

0

General Electric Discloses Baker Hughes Stake of About 25{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}

General Electric (GE) – Get Report disclosed in a Securities and Exchange Commission filing Friday that its share of Baker Hughes stock has dropped to 25.7{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}, or 267.75 million shares, from 30.1{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}, or 311.43 million shares, at the end of January.

That could mean GE garnered almost $1 billion for the shares it sold during the period.

Using data from FactSet, MarketWatch tabulated that based on a volume-weighted average closing price of Baker Hughes stock from Jan. 25 through April 29 of $22.11, the 43.69 million Baker Hughes shares GE sold would have brought it $965.92 million.

General

News Magazine