Iran sends oil tankers to Venezuela amid US sanctions
About 10 vessels will also assist Venezuelan crude after discharging fuel
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Novo Nordisk to setup new facility in China, invests $30.5 mn
The company’s new unit will focus on marketing, pharmaceutical R&D, imports and distribution of finished goods
ECB gears up to add fresh stimulus for Eurozone as economy declines
Analysts expect that the bank will inject fresh capital worth $600 billion as part of its to its €1.35 trillion pandemic emergency bond-buying program (PEPP)
Total plans to sell its stake in Northern Iraq oil field
The oil giant is working with investment banking company Jefferies to carry out the development
Egypt receives $7.3 bn development funds amid pandemic
The government has also passed fresh law for SMEs to incentivise and attract informal activity into the formal sector
Payments company VNPay becomes second startup unicorn in Vietnam
VNPay invested $1.7 billion in the Southeast Asian fintech segment in 2019
Kingswood appoints David Lawrence as UK CEO
Mr David Lawrence became the COO and commercial director in 2014 for Lloyds’ private banking and wealth businesses
Global energy efficiency progress slowing down amid pandemic
The reports state that energy intensity is expected to improve by only 0.8 percent this year due to a slump in energy prices
Brazil’s Q3 GDP strengthens due to surge in economic activity
The 7.7 percent GDP surge is lower than the 9 percent median forecast made by a Reuters poll of economists
Huawei’s optoelectronic chip project is ready, says reports
The Huawei light fab project is part of the company’s largest research and development centre in central China