Operating in Kazakhstan since 2008, Jupiter Energy (ASX:JPR) is an established oil exploration and production company producing approximately 600 to 700 barrels of oil per day. The company’s operations are fully compliant, with its three commercial production licenses secured until 2045/46/49. Jupiter Energy’s reserve base has been independently confirmed by…
PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks,…
As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a company pay for an asset over years, rather than all upfront. For companies like Microsoft that are building massive data centers to handle artificial intelligence workloads, shareholders…
Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and choking off deliveries of everything from produce to auto parts. Consumers aren’t likely to feel the pinch unless a walkout lasts for multiple weeks, because businesses and logistics…
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. While OpenAI didn’t name the investors in Wednesday’s press release, a person with knowledge of the matter said the…
Former British Prime Minister Boris Johnson has controversially broken royal protocol and claimed in his upcoming memoir that Queen Elizabeth II was suffering from bone cancer before her death. In the book, which hits shelves on October 10 and has been serialized this week in the Daily Mail newspaper –…
Claudia Sheinbaum will take the oath of office Tuesday as Mexico’s first female president in more than 200 years of independence, promising to protect an expanded social safety net and fight for the poor like her predecessor, but facing pressing problems. The 62-year-old scientist-turned-politician will receive a country with a number of…
The word “limited” is going to have to do a lot of work in the weeks ahead. Israel has described its initial ground incursion into southern Lebanon as such, although its key ally, the Biden administration, has already suggested that what may initially begin as small in scope could risk…
A bus carrying young students and their teachers on a school trip caught fire in suburban Bangkok on Tuesday, leaving more than 20 feared dead, officials and rescuers said. The bus with 45 passengers, six teachers and 39 elementary and junior high school students, was traveling from the central Uthai…
A woman with the rare condition of two uteruses delivered twins, one from each womb, last month at a hospital in northwestern China, according to health officials and state media. The mother, identified only be her last name Li, welcomed a boy and a girl via caesarean section, the Xi’an…