International Business Knowledge

​Riyadh, Nov 24 (IANS) World's top crude oil producer Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, said it made a major advancement in its POWERS technology that will simulate oil migration problems in the Kingdom in a fraction of the time it once took and help discover new oil and gas fields.

​Beijing, Nov 15 (IANS) Chinese internet and technology conglomerate LeEco on Tuesday announced receiving $600 million in funding from Chinese institutional investors and that it has appointed Anthony Gao (Gao Jun) as new President for its Asia-Pacific (APAC) region.

Thimphu, Nov 19 (IANS) Farmers and exporters in Bhutan's Phuentsholing town, on the border with India, have been hit hard as the demonetisation of high-value currency by India has led to cardamom and potato sales dropping drastically.

San Francisco, Nov 17 (IANS) Facebook has acquired emotion detection start-up FacioMetrics to push its artificial intelligence (AI) research into building facial gesture controls.

FacioMetrics developed an app called Intraface that can detect seven different emotions in people's faces, TechCrunch reported on Thursday.

​London, Nov 16 (IANS) Brexit could be delayed by months, even as long as two years, after a Supreme Court judge of Britain suggested that "comprehensive" legislation was required to trigger Article 50.

Beijing, Nov 15 (IANS) China's leading locomotive maker, CRRC Zhuzhou Institute Co Ltd, has made the country's first bulk export of eight-inch chips to India, the company said on Tuesday.

New York, Nov 15 (IANS) Oil prices extended last week's declines on Monday, dragged down by worries about oversupply as Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month.

New Delhi, Nov 15 (IANS) In a boost to Prime Minister Narendra Modis 'Make in India' initiative, automaker Ford has decided to export to the US its Ecosport SUVs manufactured at its plantsin Chennai.

​Marrakech, Nov 11 (IANS) The Africa50 Fund is willing to invest in Morocco and turn the country into a hub to invest in other African countries, said its Chief Executive Officer (CEO).

​Rio de Janeiro, Nov 9 (IANS) German automaker Volkswagen announced it would invest $2.18 billion in Brazil by 2020, to cover the production of a new family of cars and to prepare the ground for an expected rise in sales across Latin America.