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GE Power set to cut about 12,000 jobs
Global

GE Power set to cut about 12,000 jobs

GE Power said it plans to reduce its global headcount by approximately 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1 billion in structural cost reductions in 2018. The company […]

DFSA signs Fintech agreement with Hongkong
Global

DFSA signs Fintech agreement with Hongkong

The Dubai Financial Services Authority (DFSA) deepened ties with regulators in Hong Kong today signing two cooperation agreements to enhance collaboration in financial technology (FinTech) innovation. The agreements reinforce the existing strong relationship between the authorities in the two markets, which cooperate in the regulation of the financial services sector […]

Chevron announces USD18.3 billion budget for 2018
Energy

Chevron announces USD18.3 billion budget for 2018

Chevron Corporation said its 2018 capital and exploratory spending program of USD18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John […]