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Thai oil giant invests in plant protein to power new growth

Bloomberg Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses. The oil-and-gas giant formed a 300 million baht ($9.6 million) partnership with NR Instant Produce Pcl, which specialises in making protein from jackfruit, ...

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Apollo Global to buy Total Operations

Bloomberg Apollo Global Management Inc has agreed to buy a majority interest in gas transportation company Total Operations and Production Services LLC. The private equity firm has reached a deal with current owner Black Bay Energy Capital to take a majority stake in the company, Apollo said in a statement. The deal values the company, known as TOPS, at less ...

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Johnson’s parliamentary battles are all internal

Thanks to a technicality of British parliamentary procedure, Boris Johnson has managed to avert an embarrassing showdown with lawmakers from his own party over the UK government’s budget for foreign aid. But Parliament was expected to vent on the issue on Tuesday, and plenty of other divisions are emerging within the government and the Conservatives on funding priorities. While Johnson ...

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