Saudi Aramco has dethroned Apple as the world’s most valuable company as surging oil prices drive up shares and tech stocks slump. The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price …
Read More »Apple Accelerates Pursuit of Net Zero Supply Chain Goal
Tech giant pledges to help communities affected by climate change access clean power through new initiative The number of Apple’s suppliers committed to using 100 per cent clean energy has more than doubled in the past year, the tech giant announced late last week, as it simultaneously launched 10 new …
Read More »Apple and Microsoft Pat themselves on the Back for Clean Power Progress
Apple has more than doubled the number of its suppliers committed to using 100 percent clean energy since 2020, according to the company’s first update on its progress toward reaching complete carbon neutrality by 2030. These 175 suppliers will create 9 gigawatts of clean power, which Apple says is similar …
Read More »Rumor: Apple will Start Production of Its Self-Driving Car by 2024
Apple is moving forward with its electric self-driving car technology after all, and will start production in 2024, according to a report from Reuters. Apple plans to produce a passenger vehicle that could include its own battery technology. Apple first started to design its own vehicle way back in 2014, …
Read More »Apple Invests in the Construction of Two of the World’s Largest Wind Turbines
The 200-metre-tall turbines are expected to produce 62GWh of clean electricity every year, enough to power almost 20,000 homes.
Read More »Apple to Construct Onshore Wind Turbines in Denmark
Technology giant Apple plans to invest in the construction of two 200m-tall wind turbines in Denmark, some of the world’s largest onshore turbines. The turbines will be located near the Danish town of Esbjerg, and could produce 62GWh of clean energy per year. This would power 20,000 homes. The turbines …
Read More »Apple Surpasses Saudi Aramco as World’s most Valuable Company
Apple Inc’s gains surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the …
Read More »Oil’s Five Day Rally Ends. Revealing Longer-Term Price Weakness
A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.
Read More »Asian Markets Fall as Coronavirus Hits Earnings. Growth
China is the world’s biggest importer and consumer of oil.
Read More »Aramco-Like Mammoth IPO Proposed for India’s Biggest Insurer
The sale can fetch the government between 850 billion rupees to 900 billion rupees should the IPO get done this year.
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