July 18, 2023 12:42 pm
ProSiebenSat.1 announced on Tuesday that it would eliminate 400 full-time positions as part of a restructuring initiative focused on the company’s entertainment activities. “The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation,” the German broadcaster said in a statement. The cost effects of the […]
Read moreJuly 17, 2023 2:07 pm
Key points Retailer H&M to expand to Brazil in partnership with Dorben Group Shares up 59% year-to-date after 2022 slump Sweden’s H&M said on Monday that it intended to launch stores and online trade in Brazil in 2025. To support the expansion there, H&M is teaming up with Dorben Group, which has retail operations in […]
Read moreJuly 14, 2023 12:43 pm
Key points Tesla begins selling Model Y in South Korea at 56.99 million Won Shares up 125.6% year-to-date after 2022 drop According to Tesla Inc’s website, the US company started to sell its Model Y rear-wheel drive car on Friday in South Korea at a lower price of 56.99 million Won (~$45,140). This way the […]
Read moreJuly 12, 2023 12:39 pm
Key points JPMorgan to lay off 63 employees in Jersey City, works to redeploy them Shares up 9.9% year-to-date after 2022 drop According to a Worker Adjustment and Retraining Notification issued Tuesday, JPMorgan Chase, the largest US lender, intends to lay off 63 employees in Jersey City, New Jersey. The reductions are expected to be […]
Read moreJuly 7, 2023 12:43 pm
Key points Business activities at Gifhorn plant to be phased out by 2027 At least half of jobs at site to be affected Shares up 21.86% year-to-date after 2022 slump Hanover-based Continental AG on Friday announced plans to phase out business activities at its Gifhorn facility by the end of 2027. At least 450 out […]
Read moreJuly 4, 2023 12:38 pm
Key points Amazon to deploy 300 electric vans from Rivian in several areas across Germany Amazon shares close slightly lower on Monday Amazon.com Inc (AMZN) said on Tuesday that it intended to roll out its first European vans from EV maker Rivian in Germany in the upcoming weeks. 300 electric vans are to be deployed […]
Read moreJune 17, 2023 4:51 am
Key Points: Carnival Corporation’s stock price has displayed volatility and fluctuations since the beginning of June 2023 The stock opened the month at $11.85 and closed on 16/06/2023 at $15.80, representing a significant increase. Trading volume has varied, with a peak of 126,899,500 shares traded on June 12. The stock reached its lowest point on […]
Read moreJune 16, 2023 12:15 pm
Key points: IBM and Tokyo University have launched the IBM Quantum System One in Japan. The project is part of the Japan-IBM Quantum Partnership and the Quantum Innovation Initiative Consortium. The quantum computer combines quantum resources with classical processing. Researchers in academia and businesses can use the system for running algorithms requiring repetition of quantum […]
Read moreJune 15, 2023 10:18 am
Unilever said this week it had entered into an agreement to buy Yasso Holdings Inc – a premium frozen Greek yogurt brand in the US. However, the terms of the agreement remained undisclosed. The acquisition is aligned to the premiumization strategy of Unilever’s Ice Cream Business Group, it said. Established in Boston in 2009 by […]
Read moreJune 15, 2023 8:32 am
According to a Volkswagen spokesperson, the company’s passenger car brand is set to implement savings and cost-cutting measures at the amount of EUR 10 billion by 2026 in order to achieve a return on sales of 6.5%. The person noted that it was not yet certain how the EUR 10 billion saved would be allocated. […]
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