Tuesday , 16 December 2025

Recent Posts

Adidas’ high hopes for Russia’s World Cup thwarted by sanctions

Bloomberg In 1980, the Soviet invasion of Afghanistan led dozens of countries to boycott the Summer Olympics in Moscow. An undaunted Adidas AG still sponsored the USSR’s Olympic team, becoming one of the first global brands well-known behind the Iron Curtain. This summer’s soccer World Cup should have had the German company cashing in big on its ensuing decades of …

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Once cash rich, India’s demands erode 90% of ONGC’s warchest

Bloomberg India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s reserves dropped to about 10 billion rupees …

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No Brexit for energy as UK set to draw more power from EU

Bloomberg As the UK government works to exit the European Union, the nation’s electric utilities are working to get closer. Power already flows between the UK, France, Ireland and Northern Ireland through four interconnector cables, and work is under way to more than quadruple the capacity of those links. The cables will establish a stronger physical tie with the continent …

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