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...According to the European Federation of Pharmaceutical Industries and Associations, a Brussels-based lobby group, the US attracted a third more R&D investment than Europe in 2010....
...jude.webber@ft.com...
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...There will also be three “streamlined routes” for larger awards covering energy usage, R&D funding and local growth; these are effectively the UK equivalent of the EU’s block exemption....
...Lord Lloyd Webber says this will be a once in a generation transformational change that will ensure Britain remains the global capital of creativity....
...There, executives gathered downtown in the George R Brown Convention Center argued that their companies would play a starring role in the transition to cleaner energy and the fossil fuel age was still burning...
...“They actually asked me, are you investing enough in R&D? Should you not do more? The conversation has completely changed.”...
...Today’s newsletter starts in Mexico, where Jude Webber writes about the country’s oil revenue....
...face a nascent challenge to his leadership from two key lieutenants: Juan Carlos González, known as “03”, who the government says founded the elite group last year, and Ricardo Ruiz Velazco, or “Double R”...
...Additional reporting by Jude Webber in Mexico City...
...In 1979, in his breakthrough film role, he played an award-winning songwriter called George Webber....
...When Vicki Hollub stood up to speak at Occidental Petroleum’s annual meeting last Friday, she knew she was facing a sceptical audience....
...SSGA, one of largest passive managers in the US, told the FT’s Robin Wigglesworth yesterday that it would be using its new “R-factor” ratings system, which is based on SASB’s framework, to push corporate...
...Toys R Us workers have even thanked Minnesota for its scrutiny....
...Michael Leuchten, a research analyst at UBS, credited Soriot with “giving the organisation its R&D mojo back”....
...The letters T R U M P were prised off the black marble frontage of the Trump Ocean Club International Hotel in Panama on Monday after its private equity owner succeeded in evicting a Trump Organization management...
...R-e-s-p-e-c-t. That’s what Mexico wants out of Friday’s meeting between US President Donald Trump and Mexico’s Enrique Peña Nieto – their first face-to-face talks since the US election....
...By contrast, Germany spends 2.9 per cent of GDP on R&D, according to the OECD, and South Korea spends 4.2 per cent....
...Background: Mexico, Latin America’s second-biggest economy, spends just 0.6 per cent of GDP on R&D, a fraction of Israel’s 4.3 per cent....
...Guadalajara, capital of the western state that gave the world mariachis and tequila, is nicknamed “Latin America’s Silicon Valley” and boasts a rare Mexican-located R&D unit for a global company — Intel’...
...“If there are certain jobs that involve people frequently going across and coming back and you want to reduce that travel cost, it makes sense to be in Mexico,” said R Chandrashekhar, president of NASSCOM...
...The enterprise value of the deal is R$3.58bn and the capital value is R$3.51bn. Vonpar had R$2.02bn in net income and EBITDA of R$335m in the year to June 30....
...People had even started to use the r-word – recession – in recent weeks to describe Mexico’s economy, something the government has strenuously denied....
...The Centenario rig – one of four Pemex deep water exploration platforms – costs $500,000 per day to rent from private Mexican oil services company Grupo R....
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