January 6, 2022 8:42 am
BMW said earlier this week it had registered record sales of more than 2.2 million vehicles from its BMW brand last year, while exceeding 2019 sales even amid a global chip shortage. “For the first time ever, more than 2.2 million vehicles of the BMW brand were sold,” a spokesperson for the German auto maker […]
Read moreJanuary 5, 2022 11:07 am
Walmart Inc (WMT) said earlier this week it intended to hire over 3,000 delivery drivers in the United States and to build a fleet of fully-electric delivery vans in support of its “in-home” grocery delivery service. Currently, the US retailer employs about 100 drivers and services 6 million homes. It said it expected to reach […]
Read moreJanuary 5, 2022 9:05 am
Google confirmed on Tuesday that it had acquired Siemplify, a leading security orchestration, automation and response provider, for $500 million. Siemplify will become part of Google Cloud’s security team in order to help businesses better manage their threat response, the tech giant said. Siemplify allows Security Operation Center analysts to manage their operations from end-to-end, […]
Read moreJanuary 4, 2022 10:32 am
AUD/USD rebounded from a two-week trough in light trade on Tuesday, but a surge in new daily COVID-19 cases to record levels weighed on the risk-sensitive Aussie Dollar as it may prompt Australia’s central bank to take a more dovish view. The rapid spread of the Omicron variant, especially in the eastern states in Australia, […]
Read moreJanuary 4, 2022 9:22 am
Garmin Ltd (GRMN) said on Monday that it had acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine sector. However, the financial details of the acquisition remained undisclosed. “Vesper has pioneered a number of innovations in the marine communications space, with recognition across the industry for its emphasis […]
Read moreJanuary 4, 2022 8:43 am
Jet engine maker Safran announced plans to hire 12,000 people globally in 2022 in an attempt to re-build its capacity, as it believes the worst of the COVID-19-induced crisis in the aviation sector has passed. “Today air traffic is recovering, the placing of orders is dynamic, the tempo is increasing. The worst is behind us. […]
Read moreJanuary 3, 2022 9:35 am
HSBC (HSBA) said last week that it had obtained regulatory approval in China to take full ownership of its life insurance joint venture in the Asian country, as the financial giant seeks to keep expanding its non-core banking services. The banking group has received approval from the Shanghai office of the China Banking and Insurance […]
Read moreJanuary 3, 2022 8:27 am
GenTech Holdings Inc (GTEH), an emerging leader in the functional foods and nutritional supplement marketplaces, said last week that it had reduced its authorized share capital by a further 8%, effective as of December 31st 2021. GenTech has an effective Reg A and has set a capital raise limit of 40 billion shares. However, the […]
Read moreDecember 30, 2021 10:21 am
Futures on US West Texas Intermediate Crude Oil snapped a six-day streak of gains on Thursday, as China lowered the first batch of import quotas for 2022 to independent refiners by 11% below the comparable year-ago quota. Some analysts expressed concerns that the Chinese government could take stricter actions against refiners. US Crude Futures rose […]
Read moreDecember 29, 2021 12:40 pm
Malaysia’s Petronas said on Tuesday that it expected oil demand recovery from the COVID-19 pandemic to remain fragile and uncertain in the upcoming several years. According to Petronas, the industry was optimistic about economic recovery, but remained cautious and had to brace for oil price volatility. “The path towards sustained oil demand recovery remains fragile […]
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