July 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. […]
Read moreJune 14, 2023 11:05 am
General Motors Co (GM) and Samsung SDI are set to establish an over $3 billion electric vehicle battery cell manufacturing facility in Indiana, which is expected to initiate production in 2026. Located near New Carlisle, Indiana, the plant is meant to have a production capacity of 30 gigawatt hours per year. The facility, which will […]
Read moreJune 13, 2023 9:24 am
Pernod Ricard’s Corby Spirit and Wine is set to purchase a 90% stake in Ace Beverage Group at an enterprise value of CAD 165 million, the company said on Tuesday. Founded in 2020 via the merger of Cottage Springs and Ace Hill, Ace Beverage Group has already become a leader in Canada’s ready-to-drink (RTD) market. […]
Read moreJune 13, 2023 8:22 am
Germany’s largest defense contractor Rheinmetall (RHMG) could see a further increase to its stock market value because of the war in Ukraine and higher defense spending in Europe. “Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. For a fair valuation, multiply that with a factor […]
Read moreJune 12, 2023 10:12 am
Key Points: FAB and IBM Consulting are partnering to migrate more applications to the cloud as part of FAB’s digital infrastructure modernization. FAB and IBM Consulting will conduct a discovery and assessment exercise to determine the optimal approach for migrating applications to cloud environments. The collaboration aims to optimize FAB’s technology infrastructure using a hybrid […]
Read moreJune 12, 2023 7:50 am
23andMe Holdings Inc (ME) said in a SEC filing dated June 9th that it intended to reduce its workforce by roughly 9%, or 75 employees. 23andMe Holdings said the move aimed ”to restructure and strategically align our workforce with the Company’s strategy and to reduce the Company’s operating costs.” It also said it expected to […]
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