News from June 2022
US ambassador highlights US-Lesotho partnership on Independence Day
By Globe Banner | Jun 16, 2022
The United States Ambassador to Lesotho delivered remarks during a celebration of America's Independence Day, emphasizing the strong partnership between the two nations.
Discover vice president: BANCOMAT agreement 'will benefit both merchants by connecting them with Discover Global Network cardholders'
By Karla Florez | Jun 15, 2022
Discover, based in Illinois, has entered a strategic agreement with BANCOMAT to increase the acceptance rate for Discover, Diners Club International and network alliance cardholders in Italy.
Schachtel: 'Today, the CCP blocked a protest by switching citizens' QR codes to prevent freedom of movement'
By David Hutton | Jun 15, 2022
China may be clamping down on the movement of protesters and journalists in the country by controlling their QR codes, much to the chagrin of one independent journalist who vented his frustration on social media.
Vorsatz: Awael 'will allow us to maintain a competitive edge in the region'
By Karla Florez | Jun 15, 2022
Andersen Global confirmed the addition of Awael, based in Bahrain, to its Member Firm of the association, according to a press release.
Nojima partners with GlobalLogic ‘to better contribute to Japan’s domestic industry through the roll out of its digital GS4 strategy'
By Karla Florez | Jun 15, 2022
Nojima Corporation has initiated a collaboration with GlobalLogic Inc.’s Japanese subsidiary, a Hitachy company, to accelerate the development and enhance the scale of Nojima’s Digital Transformation system.
AlgoTx CEO: 'We look forward to interacting closely with the FDA to bring relief to patients as quickly as possible'
By Karla Florez | Jun 14, 2022
The U.S. Food and Drug Administration (FDA) has granted a France-based brand, AlgoTx, with a Fast Track designation to further advance the development of chemotherapy-induced neuropathic pain treatment.
Brazilian sources on steel tariffs: 'The truth is that the one who is benefiting from this tariff now is Russia'
By Karla Florez | Jun 14, 2022
U.S. President Joe Biden has committed to reconsidering the tariffs imposed on Brazilian steel during his meeting with Brazilian politician, Jair Bolsonaro, two Brazilian official sources confirm, Reuters reported.
EBSCO Capital managing director: 'We are excited about the combination of Hydrolico with Bailey'
By Karla Florez | Jun 14, 2022
EBSCO Capital recently confirmed its acquisition of hydraulic equipment and component distributor, Hydrolico International Inc.
Daon CEO: 'Daon is proud to announce our partnership with Gateway ID Africa'
By Karla Florez | Jun 13, 2022
Daon has entered a strategic partnership with Gateway ID Africa to promote the development of financial and social inclusion, a press release reported.
CCP spokesperson: 'All anti-epidemic measures come at a price, but it’s all worth it'
By Bob Martin | Jun 13, 2022
Foreign Ministry spokesperson of the People’s Republic of China Hua Chunying has said that China’s approach to mitigating COVID-19 has been working, but recent reports argue that the zero-COVID policy, as well as the country’s low birth rate, could be detrimental to the economic growth of the nation.
U.S.-Sino panel examines ensuring resilience of U.S. supply chain
By T.H. Lawrence | Jun 13, 2022
Ensuring the resilience of the U.S. supply chain dominated a detailed discussion during a U.S.-China Economic and Security Review Commission hearing Thursday.
Assistant defense secretary: Supply chain resiliency a 'top-of-mind' national priority
By Tom Lawrence | Jun 13, 2022
Deborah Rosenblum, the acting assistant secretary of defense for industrial base policy, told the U.S.-China Economic and Security Review Commission that safeguarding supply chains has become a national priority.
Chipotle Mexican Grill vice president: 'We're thrilled to introduce our first seasonal beverage'
By Karla Florez | Jun 13, 2022
Chipotle Mexican Grill is now serving its first seasonal beverage of the year in the U.S. and Canada, a press release reported.
JP Morgan analysts: 'We expect the increase in OPEC+ output to be about 160,000 barrels per day in July'
By Karla Florez | Jun 12, 2022
Oil prices recently reached a cost of $120 per barrel earlier this week, Reuters reported. In response to the increase of oil cost, Saudi Arabia has raised its price ranges for its flagship Arab light crude to Asia to $2.10 to $6.50.
VAH hires new chief technical officer to promote its global 'growth strategy'
By Karla Florez | Jun 12, 2022
VAH has appointed Dinnaga Padmaperuma as Chief Technical Officer of the company.
Krispy Kreme, Inc. CEO on new global president, COO: 'We have tremendous confidence in Josh’s capabilities'
By Karla Florez | Jun 12, 2022
Krispy Kreme, Inc. recently named Josh Charlesworth global president and COO of the company, a press release reported.
Juvenis CEO: 'We are pleased to execute a partnership with ChromaDex for the South Korean market'
By Karla Florez | Jun 11, 2022
ChromaDex Corp. has secured a partnership with Juvenis to launch cross-border sales in Tru Niagen, based in South Korea, a press release reported.
Reports: 'JetBlue is aiming to lure Spirit’s board into talks over the new proposal'
By Karla Florez | Jun 11, 2022
JetBlue Airways Corp. has enhanced its offer to acquire Spirit Airlines, hoping the enhancements will vote out the airline’s pending buyout agreement with Frontier Group Holdings Inc., Reuters reported.
Frontier offers $250 million reverse breakup fee to block Spirit merger under promise to provide ‘more regulatory protection’ than JetBlue
By Karla Florez | Jun 11, 2022
Frontier Airline’s parent company confirmed plans to pay a $250 million reverse breakup fee to Spirit Airlines to keep regulators from approving the planned merger between the airline and JetBlue Airways, CNBC reported.
Reuters report on Venezuelan oil: 'Washington's greenlight to resume Venezuela's long-frozen oil flows to Europe could provide a symbolic boost'
By Karla Florez | Jun 10, 2022
The U.S. State Department has allowed Italian oil company Eni SpA and Spain's Repsol SA to begin shipping Venezuelan oil to Europe to make up for Russian crude. The decision was confirmed by five unnamed sources said to be familiar with the subject, Reuters reported.