Highlights: June 13, 2022 - June 17, 2022
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India's biotech sector likely to reach $150 billion in 4 years
The union minister of state for science and technology Jitendra Singh said that the Indian biotech sector is expected to grow from the current size of $70 billion to $150 billion in the next four years...Serbian four-month exports up 27.3 pct y-o-y, imports up 45.8 pct y-o-y
Serbia's overall external trade rose by 37.7 pct y-o-y to 20.58 bln euros between January and April, with exports up by 27.3 pct and imports up by 45.8 pct, according to figures released by the national statistical office RZS...Tesla hiring 500-600 staff a month at German plant
Tesla is hiring 500 to 600 people a month at its Gruenheide plant and is working with the national employment agency to recruit workers no longer needed at German carmakers, the regional economy minister of Brandenburg said...80 Acres Farms to create 150 new jobs in Newton County, Georgia
The $120 million investment in Covington, Georgia, will help the company meet growing consumer demand for local, fresh produce...Alabama: James Hardie adding 200 workers through expansion project at Prattville facility
James Hardie plans to hire 200 additional workers as the company expands its manufacturing plant in Prattville, Alabama, where it produces high-performance fiber cement building solutions...Thailand approves $1.04 billion JV between Foxconn and PTT
Thailand's investment agency approved a joint venture worth 36.1 billion baht ($1.04 billion) between Taiwan's Foxconn and Thailand's PTT to produce battery electric vehicles (BEV)...LG Energy Solution to invest $566 million in South Korean factories
LG Energy Solution said it will invest 730 billion won ($566 million) to expand its production capacity at its Ochang production site in South Korea...Cenovus Energy acquires BP's 50 per cent stake in Sunrise oilsands project for for up to $1.2 billion
Cenovus Energy says it has signed an agreement to buy the 50 per cent stake in the Sunrise oilsands project in northern Alberta that it does not already own from BP...First U.S. Kinder Bueno production facility to create 200 new jobs in Bloomington, Illinois
Governor JB Pritzker joined Ferrero North America, as well as state and local officials, to announce a new expansion of Ferrero's Bloomington facility which will be the first North American location to produce Kinder Bueno products...Prologis to combine with Duke Realty in $26 billion all-stock transaction
Prologis and Duke Realty Corporation announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt. ...Harold Hamm offers to take Continental Hamm private in $25.41 billion deal
Continental Resources said it has received an all-cash buyout proposal from its founder Harold Hamm, valuing the company at $25.41 billion...ReNew Energy increase 27.0%
ReNew Energy Global announced its consolidated results for Q4 FY22 and the fiscal year ended March 31, 2022...BP to become operator of Australian Asian Renewable Energy Hub (AREH)
Bp agreed to acquire a 40.5 per cent equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen hubs in the world...LEGO Group to establish U.S. manufacturing plant in Virginia, create over 1,760 new jobs
LEGO Group will invest over $1 billion to construct its U.S. manufacturing plant in Chesterfield County, Virginia...New York: RealEats opens 80,000 square-foot facility, will employ 160
Meal delivery service RealEats opened 80,000 square-foot production facility located at 1 Montmorency Way in the Town of Geneva, Ontario County, N.Y...Revlon files for bankruptcy, Citigroup accidentally sent $900 million to its lenders
Revlon filed for Chapter 11 bankruptcy protection as it grappled with a cumbersome debt load and a snarled supply chain...Telus to bus LifeWorks in $2.24 billion deal
Telus has agreed to buy LifeWorks in a C$2.9 billion ($2.24 billion) deal...Port of Los Angeles May cargo third best month on record
The Port of Los Angeles processed 967,900 Twenty-Foot Equivalent Units (TEUs) in May, the third best overall month in its 115-year history...North Carolina: Design Mode Cabinetry will create 139 new jobs in Duplin County
Cabinet manufacturer Design Mode Cabinetry will create 139 new jobs in Duplin County, North Carolina...Zambeef Products to invest $100 million in expansion
Zambeef Products said it has agreed on a $100 million expansion strategy over the next three to five years...South Carolina: Nutramax Laboratories will create 200 new jobs in Lancaster County
Nutramax Laboratories announced plans to expand operations in Lancaster County, South Carolina...EU General Court annuls Commission decision imposing on Qualcomm fine of approximately 1 billion euros
The General Court observes that a number of procedural irregularities affected Qualcomm’s rights of defence and invalidate the Commission’s analysis of the conduct alleged against Qualcomm...$1.9 billion allocated to build Mekong Delta expressway
The National Assembly agreed to spend nearly dong 45 trillion ($1.9 billion) building more than 188 kilometres of highway in the Mekong Delta...Gehl Foods creating 106 new jobs in Colleton County, South Carolina
Gehl Foods announced it has established operations in Colleton County, South Carolina...Carolina Precision Foods establishing operations in Florence County, will create 402 new jobs
Carolina Precision Foods, a joint venture of Carolina Fresh Foods and owners of Lake Foods, announced plans to establish operations in Florence County, South Carolina... ■