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On Thursday, Lenovo and Ericsson announced they had reached a global cross-licensing agreement, ending a protracted legal battle between the two tech giants. This agreement marks a significant step in resolving complex issues related to the use of wireless communication patents.
Thursday brought unexpected developments in the global financial market, as eight countries from the OPEC+ alliance decided to hasten their plans to increase oil production. Instead of gradually phasing out production cuts, they chose to ramp up output by 411,000 barrels per day starting in May. This decision has notably impacted oil prices, triggering a sharp decline.
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Nissan Motor Co. has made a significant decision to stop selling two models of its Infiniti SUVs, which are manufactured in Mexico, in the US market. This move was prompted by the high tariffs imposed by President Donald Trump on automobile imports. This article explores the reasons behind this decision, its implications, and its impact on the company's business strategy.
Recently, the stocks of Indian pharmaceutical manufacturers experienced a significant downturn. The catalyst for this decline was a statement by U.S. President Donald Trump, indicating that tariffs on pharmaceutical products are still under review. This announcement led to notable shifts in the stock market, particularly affecting the pharmaceutical sector in India.
At the beginning of 2025, Banco Santander SA, the largest bank in Spain, provided forecasts regarding its key profitability metrics. The bank anticipates a significant increase in its return on tangible equity, signaling important insights for investors and analysts amidst the current economic uncertainties.
On a recent Thursday, the U.S. Federal Aviation Administration (FAA) launched an investigation following reports from the crew of a United Airlines Boeing 737. The aircraft, originating from Key West, Florida, was en route to Newark, New Jersey, when a cabin fire incident was reported. According to FAA statements, the flight promptly deviated from its planned course and landed safely at Washington Dulles International Airport at approximately 4:45 PM Eastern Time (20:45 GMT).
American energy company Venture Global has once again proven its position as a global leader in the liquefied natural gas (LNG) market. Amid a surge in worldwide demand for energy resources, the company’s newest initiative—a dedicated LNG liquefaction unit—has captured the attention of industry experts and analysts alike. In the first quarter of 2025, Venture Global exported 29 LNG shipments from its Plaquemines facility in Louisiana, underscoring the United States' ascendancy as the world’s top exporter of ultra-cold LNG. This development comes as Venture Global continues to expand capacity and modernize its facilities, reinforcing its role in the evolving global energy landscape.
On Thursday, Brookfield Infrastructure Partners, a leading investment firm in the infrastructure sector, announced its plan to acquire Colonial Pipeline, the largest fuel transportation system in the United States, for $9 billion, including debt. This deal, marking one of the most significant transactions in the energy sector in recent years, involves a complete buyout of Colonial Enterprises’ assets. The transaction is expected to be finalized in the second half of 2025.
The Australian energy sector is facing significant challenges amid global economic instability driven by tariffs introduced by former US President Donald Trump. A sharp decline in oil prices has been a major factor leading to a drastic drop in energy company shares, significantly impacting the broader ASX200 index.
International airlines are grappling with a growing crisis: achieving carbon neutrality by 2050 is proving to be an uphill battle. The head of the industry’s leading trade association recently issued a severe warning, sharply criticizing oil companies and other aviation stakeholders for failing to take necessary action.
