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Aramco Close To Awarding $5 Billion Deals for World’s Biggest Offshore Oilfield

Saudi Aramco is expected to finalize soon the selection of contractors to build part of the onshore infrastructure in the expansion of Saudi Arabian field Safaniya, the world’s biggest offshore oilfield. The Saudi state oil giant is expected to complete the selection process of the preferred bidders for two large onshore engineering, procurement, and construction (EPC) contracts at Safaniya, worth a total of up to $5 billion, ChemAnalyst reports , citing sources with direct knowledge of the matter. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec…

Amazon’s Black Business Accelerator Program Empowers Sustainable…

Comfort food the whole world over is varied and often overlooked by much of our societies. This is where Yolélé Foods comes in to introduce the nurturing fonio, a sustainable super grain from West Africa, to Western cuisines. Founded by Senegal-born Pierre Thiam in 2017, brings economic opportunity to smallholder farming communities and supports regenerative foods like the superfood fonio. Pierre’s company is also part of program, which empowers sustainable entrepreneurship for Black-owned businesses, backed by a four-year, $150 million commitment. This holiday season, and all year long, Amazon makes it easier than ever to discover…

Price of Big Macs could cost $15 thanks to minimum wage hikes: analyst

The decision by states in half the country to hike their minimum wage could send the price of fast-food staples like a McDonald’s Big Mac soaring to $15 in those states, according to an economic analyst. Brandon Arnold, executive vice president of the fiscally conservative think tank the National Taxpayers Union, pointed to California’s decision to mandate that employees at fast food restaurants be paid at least $20 an hour as a troubling sign. Companies are “either gonna have to raise prices, start to reduce those labor costs or a combination of both,” Arnold told Fox News on Monday. “And that’s not fair to those employees that…

FTSE 100 sees flat start to 2024 as UK factory slump dampens New Year spirits

Business | Business News The FTSE 100 has seen a flat start to 2024 as news of Britain’s worsening factory downturn signalled the economy has more hurdles to overcome in the New Year. The blue-chip index lost ground on Tuesday afternoon, the first full day of trading, after seeing a slight rise over 2023. It moved 11.72 points lower, or 0.15%, to close at 7,721.52. A new PMI survey from S&P Global and CIPS found the UK manufacturing industry contracted for the 17th month in a row in December, with confidence among businesses hitting a 12-month low. Engineering and industrial stocks were among the biggest fallers on the FTSE 100 on…

Bay Area office vacancies balloon to all-time highs as tech wobbles

SAN JOSE — Office vacancies in the Bay Area have ballooned to all-time highs despite some huge rental deals, a sign that tech cutbacks still haunt the region’s wobbly office market, a report released Tuesday shows. The office availability rate soared to record levels at the end of 2023 in both Silicon Valley and San Francisco, according to a report released by Savills, a commercial real estate firm. The sluggish state of the tech industry in the Bay Area is deemed to be the driving force behind the sky-high availability levels for offices Savills reported. The office availability rate is a combination of vacant space plus space…