March 17, 2022 10:30 am
E.ON’s (EONGn) Chief Executive Officer Leonhard Birnbaum said yesterday that the group had halted procuring new gas amounts from Gazprom trading companies in Europe, while responding to the military conflict in Ukraine. Although the group has no long-term supply contracts directly with gas producers, a small amount in its portfolio has been acquired from Gazprom […]
Read moreMarch 17, 2022 9:31 am
Walmart Inc (WMT) on Wednesday announced plans to hire over 50,000 workers in the United States during the first quarter. The US retailer said the new hires would fill roles at its stores, clubs, campuses as well as supply chain facilities. Last year the company hired 5,500 pharmacists or pharmacy managers, more than 13,000 pharmacy […]
Read moreMarch 16, 2022 10:27 am
Bentley on Tuesday announced plans to manufacture 1 new electric model per year for 5 years from 2025, as the company reported a considerable surge in its annual profit. Bentley’s earnings stood at EUR 389 million in 2021, which compares with a profit of EUR 20 million in 2020, driven by a 31% surge in […]
Read moreMarch 16, 2022 8:47 am
Ford Motor Co (F) said earlier this week its Turkish joint venture would acquire the auto maker’s Craiova facility in Romania for EUR 575 million and eventually move Courier van production there. The acquisition is expected to be finalized in the third quarter, Ford said. Ford manufactures Puma and EcoSport passenger models at its Romania-based […]
Read moreMarch 14, 2022 11:14 am
YouTube said last week that it would impose a ban on Russian state-funded media channels globally. Russian state media has been publishing articles and coverage that depicted Ukraine as an aggressor and a nuclear threat since before Russia’s military forces invaded the country in late February. Previously, YouTube had blocked media channels such as RT […]
Read moreMarch 11, 2022 11:41 am
Volvo Car Group (VOLCARb) said on Friday that it intended to set up a tech hub in Sweden’s capital of Stockholm in an attempt to achieve its objective to sell at least half of its vehicles online. The new facility will host more than 700 employees with skills in fields such as data science, software […]
Read moreMarch 10, 2022 1:22 pm
Sony Group Corp’s (6758) gaming unit and Nintendo Co Ltd (7974) said earlier this week they had halted shipments of software and hardware to Russia after its incursion into Ukraine. Sony Interactive Entertainment, the manufacturer of the PlayStation 5 gaming console, announced the suspension of “Gran Turismo 7” racing game’s launch and PlayStation Store operations […]
Read moreMarch 9, 2022 10:15 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 56,515 China-produced vehicles in February. That followed 59,845 China-made vehicles sold in January. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 1.27 million units in February, […]
Read moreMarch 9, 2022 8:11 am
Boeing Co (BA) said earlier this week it had halted titanium purchases from Russia. “Boeing has a significant stock of titanium, in particular thanks to Boeing’s initiative for the creation of a pool of suppliers around the world that has been underway for several years. Boeing has currently suspended titanium purchases from Russia. Titanium stocks […]
Read moreMarch 8, 2022 7:05 am
Visa (V) and Mastercard (MA) said in separate statements that they had suspended operations in Russia due to Moscow’s decision to invade Ukraine. Visa said that, effective immediately, it would work with its clients and partners within Russia to discontinue all transactions over the upcoming days. Meanwhile, Mastercard’s decision follows the company’s recent action to […]
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