September 8, 2021 10:01 am
Volkswagen AG (VOWG) unveiled earlier this week the ID. LIFE, a fully electric small vehicle, which will be launched in 2025 and will cost about EUR 20,000. The auto manufacturer aims to make battery-powered cars more affordable for the mass clientele as well as younger customers. Based on a smaller version of Volkswagen’s modular electric […]
Read moreSeptember 8, 2021 7:23 am
Ireland’s Ryanair said earlier this week that it had discontinued talks with Boeing Co over a large new order for Boeing 737 MAX 10 jets, as the two companies disagreed over pricing. With 210 firm orders for the 197-seat Boeing MAX 8-200 jet, Ryanair has already become the largest European customer for the 737 MAX. […]
Read moreSeptember 7, 2021 7:05 am
Last week BMW launched a new production line for its Series 2 Coupe compact sports car at its facility located in central Mexico, as the company seeks to bolster its operations in the North American country and to speed up international sales. The German luxury car maker said it expected exports of the new models […]
Read moreSeptember 3, 2021 7:22 am
Walmart Inc (WMT) said earlier this week that it would hire 20,000 workers at its supply chain division ahead of the holiday season at a time when major retailers struggle with a shortage in labor and logistics. The part-time and full-time roles that range from freight handlers to lift drivers, will be based at 250 […]
Read moreSeptember 2, 2021 7:10 am
Morgan Stanley (MS) has raised salaries for starting analysts in its institutional securities division. It has been the latest major bank to increase pay as demand for entry-level workers remains high. According to a report by Business Insider, the pay change is to take effect in January. According to the same media, citing a source […]
Read moreSeptember 1, 2021 9:50 am
SKF said on Tuesday that it had finalized the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees located in the Swedish city of Luleå. However, financial details of the deal were not disclosed. “Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT hardware to the latest […]
Read moreSeptember 1, 2021 7:53 am
Norwegian Air said earlier this week that it would probably not need to raise additional cash, since the relaxation of COVID-19-related travel restrictions triggered an increase in bookings. The company’s revenue was reported to have decreased to 591 million Norwegian crowns during the first six months of 2021 from 7.1 billion Norwegian crowns during the […]
Read moreAugust 31, 2021 7:09 am
Germany’s Lufthansa AG intends to increase the number of flights and to improve catering in an attempt to win back business travelers, according to an executive board member from the company. The air carrier also plans to add a midday flight on particularly popular routes and to introduce new menus for premium clients as soon […]
Read moreAugust 30, 2021 7:11 am
Geely’s premium electric vehicle brand, Zeekr, said last week that it had raised $500 million in its first external funding from investors, including Intel Corp, battery manufacturer CATL and online entertainment company Bilibili. Other investors include Cathy Fortune Corporation as well as private equity firm Boyu Capital. According to Zeekr, the investors will jointly own […]
Read moreAugust 27, 2021 7:47 am
Global investment firm KKR said on Thursday that it had launched Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease real estate. The investment, which will come mostly from KKR’s credit and real estate funds, will put the platform in position to acquire more than $3 billion in […]
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