August 12, 2021 7:39 am
BKV Corp said earlier this week that it had agreed to acquire a power generator in Texas for $430 million in an attempt to leverage its gas production to generate electricity. The company is to buy the 758-MW Temple, Texas facility from the closely held Temple Generation I LLC via a 50-50 joint venture with […]
Read moreAugust 11, 2021 10:18 am
Volkswagen’s biggest shareholder, Porsche SE, is being sued in the United States over allegations related to the auto maker’s diesel emissions scandal. The lawsuit, filed with the Supreme Court of the state of New York in April, is against Porsche SE and former members of the management and supervisory boards of Volkswagen, the company said. […]
Read moreAugust 11, 2021 8:33 am
National Australia Bank said earlier this week that it had agreed to acquire Citigroup Inc’s consumer unit in Australia for nearly $882.2 million, as the Wall Street bank withdraws from the region. The deal would consolidate over 90% of Australia’s credit card industry into the hands of the nation’s top four banks. NAB is to […]
Read moreAugust 9, 2021 7:04 am
CNN announced last week that it had terminated three employees who did not follow its coronavirus safety policies by going to the office without being vaccinated. Earlier this year, the news network had said that in order to return to its American offices, all employees would be required to get vaccinated against COVID-19. “In the […]
Read moreAugust 6, 2021 7:35 am
Tesla Inc’s (TSLA) Chair Robyn Denholm has sold shares in the auto maker valued at more than $22 million after exercising stock options, a filing with the US Securities and Exchange Commission showed. Denholm joined the electric car maker’s board as an independent director in 2014 and succeeded Chief Executive Officer Elon Musk as the […]
Read moreAugust 5, 2021 7:03 am
BMW on Tuesday revised up its profit forecast for the full year after reporting better-than-expected second-quarter results. However, the car maker warned that the global semiconductor chip shortage as well as a surge in raw material prices would hamper its results during the second half of 2021. BMW’s total sales rose almost 45% year-on-year during […]
Read moreAugust 4, 2021 9:25 am
DHL Express, the unit of logistics group Deutsche Post, said on Tuesday that it had ordered 12 electric cargo planes from start-up company Eviation, to be delivered in 2024. DHL said it was the first company across the globe to order Eviation’s “Alice” aircraft. The “Alice” plane can be operated by a single pilot and […]
Read moreAugust 4, 2021 7:48 am
Blackstone and Hudson Pacific Properties said earlier this week that they intended to establish a major film, TV and digital production complex in Broxbourne, UK. This is expected to be the first expansion of their Sunset Studios platform abroad. Funds managed by Blackstone and Hudson Pacific bought a 91-acre site, located 17 miles from central […]
Read moreAugust 3, 2021 7:08 am
Renault SA (RENA) has inked a five-year lithium supply deal with Vulcan Energy Resources Ltd, which has been the latest move by an electric car maker to lock in supply of the battery metal ahead of a forecast increase in demand. Under the agreement, Vulcan will supply 6,000 to 17,000 tonnes of lithium per year […]
Read moreAugust 2, 2021 8:34 am
Daimler AG (DAIGn) said last week that it would retain a 35% stake in the trucks division, which it intends to spin off by the end of this year. Daimler shareholders are expected to vote on the spin-off of Daimler Truck Holding AG as a separate listed entity during an extraordinary general meeting on October […]
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