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Oil

Two Pemex partners to invest a combined $250 million in two projects.....

Two private partners of Mexico’s state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to...

Energy

Ovo Energy profits down by two-thirds

One of the largest challengers to the Big Six energy giants has revealed a two-thirds slump in...

Share of renewable energy generation touches...

Despite increased demand of electricity caused by the “Beast from the East” cold snap,...

BHGE’s to invest £31 million in north-east...

A £31 million investment in a north-east manufacturing base will boost the region’s subsea...

Business

Samsung confident of reviving China smartphone business

After Samsung’s smartphones sales in China dwindled, it now hopes to reverse the trend as its new Galaxy flagship smartphones were selling well.

UK fintech struggling to attract talent in wake of brexit

Leaving the European Union is proving to be hard for the UK fintech sector as it is struggling to recruit top talent, according to a report.

Wider options for Alipay users in the UK

Chinese mobile payments giant Alipay can now be used in more stores across the UK after new partnership with Barclaycard - which processes nearly half of the UK’s credit and debit card transactions.

Nissan to stop production of Infiniti cars in UK

Nissan will stop production of its Infiniti model at Sunderland, northeast England, as part of its global restructuring, the Japanese carmaker said on Tuesday.

Effect of brexit on UK finance intensifies

More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.

Jaguar Land Rover may announce major UK investment

Jaguar Land Rover is reportedly planning to buck the trend of car makers fleeing the UK by making a major investment in British advanced manufacturing.

Wine

Symington announces investment in new table wine winery

Symington has announced €5m investment in new table wine winery in Douro. The pre-eminent port producer will spend €4 to €5 million on a new winemaking facility at Quinta do Ataíde in the...