NEW YORK, March 6, 2024 /PRNewswire/ -- Today, YPO, the global leadership community of more than 35,000 chief executives in 150 countries, announced that Gene Gebolys, Founder and CEO of World Energy, is the recipient of the organization's 2024 Global Impact Award. World Energy is a low-carbon solutions provider helping the world's leading companies make their net-zero commitments a reality by accelerating the commercialization of alternatives to fossil-based motor fuels. The YPO G

South Korean stocks closed lower Wednesday as investors awaited clues on the US Federal Reserve's future rate direction, with techs and chemicals leading the overall decline. The local currency closed flat against the US dollar. The benchmark Korea Composite Stock Price Index lost 7.91 points, or 0.3 percent, to 2,641.49. Trade volume was low at 364 million shares worth 9.8 trillion won ($7.38 billion), with losers outpacing gainers 606 to 282. Foreigners offloaded 374.4 billion won worth o

Consumer price growth resurged to above 3 percent in February, showing that Korea may be facing stickier-than-expected inflation, data suggested Wednesday. Consumer prices, a key gauge of inflation, advanced 3.1 percent on-year last month, according to data from Statistics Korea. Though price growth fell to 2.8 percent in January, dipping into the 2 percent range for the first time in six months, it rebounded to above 3 percent within a month. The uptick marks the first time in four months that

Angola’s top envoy to South Korea, Edgar Gaspar Martins, urged South Korea to join infrastructure and investment projects in the African nation. Pointing to the shift in US investment from oil to diverse sectors like solar energy and agriculture, particularly on projects in Angola, Martins cited the Lobito Corridor, worth $1 billion, aimed at bolstering the rail infrastructure connecting Angola to the Democratic Republic of Congo, Zambia and Tanzania. The Lobito Corridor is a strategic rou

South Korean stocks opened lower Wednesday after major blue chips finished bearish on Wall Street. The benchmark Korea Composite Stock Price Index fell 8.84 points, or 0.33 percent, to 2,640.56 in the first 15 minutes of trading. Overnight, the US stock market closed lower, with the Dow Jones Industrial Average falling 1.04 percent and the tech-heavy Nasdaq Composite losing 1.65 percent. US tech giant Apple sharply lost ground amid reports that its sales in China dipped sharply over the first si

BARCELONA, Spain, March 5, 2024 /PRNewswire/ -- At the MWC Barcelona 2024, SONATRACH, the state-owned oil company of Algeria shared the achievements of the smart oil and gas pipeline fiber sensing inspection solution deployed with Huawei. The solution ensures high security, intelligence, and high efficiency of pipelines through automated pipeline inspection, which is enabled by distributed fiber optic sensing technology. As a key contributor in the oil industry of Algeria, SONATRACH

The certificate attests the company's capability to supply feedstock for the production of sustainable aviation fuel, in accordance with ICAO (International Civil Aviation Organization) standards, confirming zero emissions from indirect land use change for second-crop corn tracked SÃO PAULO, March 5, 2024 /PRNewswire/ -- FS, one of the largest ethanol and animal nutrition producers in Brazil, is the first Brazilian corn ethanol industry to receive the ISCC international certificati

Evaluated firstly as a L'Oreal partner in 2013 and achieved the highest rating in 11 years Efforts to establish an ESG committee, reinforce labor and human rights management, and improve management of partners SEOUL, South Korea, March 4, 2024 /PRNewswire/ -- Samyang Group announced that KCI (CEO Jinyong Lee), a subsidiary specializing in cosmetics and personal care materials, won 'Platinum Medal', the highest grade, in the 2024 Sustainability Rating from 'EcoVadis', a global

South Korean stocks closed higher Monday as foreigners extended their buying streak to seven consecutive sessions, with technology and financial shares leading the overall rise. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index rose 31.91 points, or 1.21 percent, to 2,674.27. Trade volume was moderate at 383 million shares worth 12.2 trillion won ($9.22 billion), with losers slightly outpacing gainers 442 to 436. Foreigners were net buyers, scooping

RIYADH, Saudi Arabia, Feb. 29, 2024 /PRNewswire/ -- Saudi Arabia has received international recognition and applause from UN Tourism and the World Travel & Tourism Council for its remarkable achievement of welcoming over 100 million tourists in 2023. This accomplishment significantly surpassed the previous target set for 2030, positioning Saudi Arabia as an emerging global tourism powerhouse.   Saudi Arabia's achievement of welcoming +100 million tourists receives g

BARCELONA, Spain, Feb. 29, 2024 /PRNewswire/ -- Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), a leader in the global optical fibre and cable market, showcased a suite of advanced products and solutions at the 2024 Mobile World Congress Barcelona (MWC Barcelona). Under the theme "Connecting the Future with Fibre", YOFC showcased its advancements across five key areas: Move Toward 5G Advanced, New Hub of Green Computing, New Value of Digital Energy, New Experie

S-Oil, one of major refineries in South Korea, has once again secured the top position in the highly esteemed "2024 Korea's Most Admired Companies" survey, marking the sixth consecutive year for its inclusion among the top 30 business groups. S-Oil was also named as the top company in the oil refining industry for eight consecutive years, company officials said Wednesday. This recognition, bestowed by KMAC, a leading industrial consulting group in Korea, in its annual evaluation,

Inflation could rise over 3 percent in South Korea in February on high prices of global oil and fresh food items, the finance ministry said Thursday, vowing all-out efforts to curb inflation. In January, consumer prices, a key gauge of inflation, rose 2.8 percent on-year, marking the first fall below the 3 percent level in six months. The country has experienced a gradual easing of inflationary pressure, but uncertainties have grown, centering on prices of farm produce and petroleum products, Fi

A group of Aboriginal Australians called on South Korea to withhold its loan support to a major Korean company participating in the consortium for a massive offshore gas project in the Timor Sea. In a press conference held in Seoul on Tuesday, they called out for the Korean government’s help in preserving their cultural and spiritual heritage which they say are under threat from the Barossa gas field project. “For thousands of years, we have retained and maintained our spiritual conn

The Stevie® Awards, organizer of the world's premier business awards programs, announced that they have revised the schedule for the 2024 (11th annual) Asia-Pacific Stevie Awards. FAIRFAX, Va., Feb. 28, 2024 /PRNewswire/ -- Entrants now have until March 22 to submit nominations in the 2024 Asia-Pacific Stevie Awards. The original final entry deadline was February 28. The judging process will extend through March 28. The Gold, Silver, and Bronze Stevie Award winners will be announced o