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Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand

CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from Halliburton Co. and Chevron Corp. to Eni SpA are ramping up their presence in the region as demand from Europe grows.Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its…

Honeywell Taps COO Kapur as Next CEO

Honeywell HON -0.23% Honeywell HON -0.23% International Inc. has tapped a 34-year company veteran to succeed current chief executive Darius Adamczyk, a switch that comes as the industrial company faces slowing growth in the year ahead. Honeywell on Tuesday named Vimal Kapur, 57, as its next CEO, effective June 1. Mr. Kapur, who is…

Oscars 2023: `Avatar: The Way of Water` walks away with Best Special Effects hon

The epic science fiction film, `Avatar: The Way of Water`, directed by James Cameron, clinched the trophy for Best Visual Effects at the ongoing 95th edition of the Academy Awards in Los Angeles and it doesn`t come as a surprise even one bit given its stunning visuals. The film comfortably defeated its fellow contenders in the form of the German anti-war film `All Quiet on the Western Front`, `Top Gun: Maverick`, `Black Panther: Wakanda Forever` and `The Batman`. Also Read: Oscars 2023: Jimmy Kimmel roasts Will…

Honeywell Revenue Rises 6% as Company Signals Slowing Growth

Honeywell International Inc. HON -0.52% reported fourth-quarter profit fell 29% on one-time charges and revenue rose 6% through a challenging operating environment. The industrial company posted quarterly sales gains in three of its four business segments, led by demand in its aerospace unit. Honeywell signaled organic revenue growth would slow in 2023 to a range of 2% to 5%, down from 6% in 2022. Organic revenue growth…

Hon Hai, Nvidia in smart car chip partnership

<!----> Nvidia’s Drive AGX platform for autonomous vehicles Taiwan’s Hon Hai Precision Industry Company has partnered with US chip designer Nvidia Corporation to develop smart and autonomous vehicle platforms, according to local reports citing announcements by the two companies.…

Hon Hai and VW talk vehicle production JV

<!----> VW already has a US plant in Tennessee Taiwan’s Hon Hai Technology Group is in talks with Volkswagen about a vehicle production joint venture in the US, according to reports citing VW sources. Earlier this year, VW said it planned to reintroduce the Scout off road brand by…