News from March 2022
Riskonnect acquires UK-based software company as it pursues an ‘enhanced and diversified product suite’
By Karla Florez | Mar 11, 2022
Riskonnect has acquired U.K.-based software company Sword GRC to further establish the global footprint of its integrated risk management platform.
Seagen, Genmab announce Phase 2 results of squamous cell carcinoma monotheraphy trial
By Trina Thomas | Mar 11, 2022
Phase 2 results of a squamous cell carcinoma of the head and neck monotherapy clinical trail were recently presented by pharmaceutical companies Seagen and Genmab.
Bold Insight names recent UK expansion to 'uncover a broad range of insights in a tight timeline'
By Karla Florez | Mar 11, 2022
Bold Insight has established its presence in the U.K. with its new managing partner, Robert Schumacher, who will soon lead a team of executives at the company’s future offices in the country.
China sets lowest-ever recorded economic growth goal amid global ‘supply chain disruption, semiconductor shortages’
By Karla Florez | Mar 11, 2022
Amid a political climate of hostility and inflation, China recently released the lowest economic growth target recorded in 30 years.
U.S. DOT approves international manufacture of detonating cords from Hunting Energy Services
By Karla Florez | Mar 11, 2022
Hunting PLC subsidiary, Titan Division of Hunting Energy Services, recently received the green light to internationally manufacture its line of detonating cords from the U.S. Department of Transportation.
Alberta Premier pushes for Keystone XL approval as oil prices skyrocket after Russian oil bans
By Art Benavidez | Mar 10, 2022
As the ongoing war in Ukraine continues to unravel, the Biden administration has imposed a ban on Russian oil, and Canadian leaders are asking him to reconsider the Keystone pipeline.
'Such are the pitfalls for the tech industry’s biggest players': Apple cuts off Russia for invading Ukraine, but what about China?
By Andy Nghiem | Mar 10, 2022
Apple cut off business operations in Russia as a result of the country's invasion of Ukraine, but in doing so it may have set a precedent that would be difficult to follow in the future.
'Hong Kong is a key financial hub': Ropes & Gray appoints new managing partner for Hong Kong office
By Karla Florez | Mar 10, 2022
Ropes & Gray recently selected Vincent Ip to be the managing partner for its Hong Kong office. The executive is scheduled to begin his tenure April 1.
Tesla raises price for Model 3, Model Y cars in China and U.S. ‘amid surging raw material costs’
By Karla Florez | Mar 10, 2022
Tesla Inc. has once again raised the prices of its U.S. Model Y SUVs and Model 3 Long Range sedans in China and the U.S.
'This is a win-win': ExxonMobil to sell Nigeria shallow-water affiliate
By Steven Hughes | Mar 10, 2022
ExxonMobil has agreed to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy for more than $1.2 billion, plus up to $300 million contingent consideration, according to a report by Vanguard.
State Street retains large investments in Baidu, a company tied to the Chinese military
By Andy Nghiem | Mar 9, 2022
U.S. company State Street remains a large investor in Baidu, a company that has been tied to the Chinese military.
Selina forms 'strategy team' for further expansion in travel industry
By Trina Thomas | Mar 9, 2022
Lifestyle and experimental hospitality brand, Selina, recently welcomed Sam Khazary as senior vice president and head of global corporate development.
One Equity Partners acquires Norit Activated Carbon to 'grow through geographic expansion'
By Karla Florez | Mar 9, 2022
One Equity Partners recently finalized its Norit Activated acquisition.
Open letter to UN High Commissioner for Human Rights: OHCHR report on grave human rights violations in Xinjiang can wait no longer
By 21Wilberforce, et al. | Mar 9, 2022
We, the undersigned human rights organisations, write to follow up on your commitment last year to release a report on grave ongoing human rights violations by Chinese authorities targeting Uyghurs and other Turkic communities in the Xinjiang Uyghur Autonomous Region.
‘We regret the impact this will have on our valued colleagues’: Visa breaks off operations in Russia
By Karla Florez | Mar 9, 2022
Visa has added itself to the list of financial institutions cutting ties with Russia amid the country’s invasion of Ukraine.
Juniper Networks 400G platform released to 'meet increasing bandwidth demand'
By Emily Bevard | Mar 8, 2022
Juniper Networks recently announced that Sparkle, an international service provider in Italy, has released Juniper’s 400G solutions to meet increasing bandwidth demand in a cost-effective manner.
'Build for the future we see': Bitrise to expand global presence with 200 new hires
By David Hutton | Mar 8, 2022
To expand its international operations as it sets the bar for the next decade of mobile development, Bitrise is kicking off a hiring effort to bring in 200 new employees worldwide in 200 days, starting with the expansion of its C-Suite.
AIG joins Lloyd's in step back from coal industries; CEO believes in 'sustainability advancements'
By Zachary Richter | Mar 8, 2022
American International Group (AIG), a global insurance company, has committed to net-zero greenhouse gas emissions and a retreat from coal industries.
OCTO Telematics, Ford 'exploring opportunities' from expanded partnership in Europe
By David Beasley | Mar 8, 2022
OCTO Telematics and Ford Motor Company have expanded their data streaming partnership into Europe, a news release said.
Biden announces ban on imports of Russian oil and gas, 'a main artery of Russia's economy'
By Sam Jackson | Mar 8, 2022
President Joe Biden announced March 8 that the U.S. will ban imports of Russian oil and gas in the wake of Russia's invasion and siege of Ukraine.