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Microsoft to invest $1.1 billion in Mexico over next five years: CEO

Microsoft Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday. Microsoft will build a new data center to deliver “client services to help every organization to really get an advantage and drive digital transformation,” added Nadella, who met with Mexican President Andres Manuel Lopez Obrador last year. Lopez Obrador, speaking during his daily morning conference, said the investment showed Mexico was an attractive investment destination, touting a strong local currency, stable inflation, and prudent debt management …read more […]

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Asia to absorb LNG supply growth from mid-2020 – Shell

Asia will be able to absorb most of the growth in liquefied natural gas (LNG) supply from the second half of 2020, with Europe ceasing to be a balancing market, Royal Dutch Shell said on Thursday. Excess cargoes have been sent to Europe in the past year as global LNG supply has been soaring, in particular from projects in the United States and Australia. Mild weather and the coronavirus outbreak in China helped reduce LNG demand in Asia this winter and LNG prices in Asia have dropped to record lows, while European gas prices are wallowing at more …read more […]

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L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down

L Brands’ long-time Chief Executive Officer Leslie Wexner would step down from his role following the close of the transaction and become chairman emeritus. L Brands, which has a market valuation of about $7-billion, has seen sales dwindle at its Victoria’s Secret business as it fends off increased competition from online retailers and has also drawn criticism for its lingerie not being inclusive of all body types. …read more […]