In a statement, Annalena Baerbock, the head of Germany’s Green Party said, it will seek to support the country’s industry’s aim to slash carbon emissions by ensuring that the state helps meet additional costs companies incur. She went on t… Read More ›
Month: June 2021
Hackers Breach McDonald’s Data In South Korea, Taiwan And US
Some customer and employee information of McDonald’s Corp’s business in South Korea and Taiwan was exposed to hackers in a data breach, the company said on Friday. This made the largest burger chain of the world the latest global firm… Read More ›
Toyota Says Wants To Achieve Carbon Neutrality In Its Global Factories By 2035
The Japanese auto major Toyota Motor Corp will set the aim to achieve carbon neutrality in all its factories throughout the world by 2035, said a senior executive on Friday as the company apparently is advancing the goal by 15… Read More ›
Volkswagen, Ford Will Close Down Their Auto Finance Business In India: Reports
Volkswagen AG and Ford Motor Co plan to close down their auto financing business units in India and the companies will stop providing new credit to car buyers and dealers in the market, said reports quoting information from sources with… Read More ›
While Projecting Brighter Outlook, ECB Keeps “Steady Hand” On Pandemic Stimulus
The growth and inflation projections for the European Union was raised by the European Central Bank but also promised to hold the steady flow of stimulus over the summer as it fears that a retreat from the strategy at this… Read More ›
Vertical Aerospace goes public through SPAC, deal valued at $2.2 billion
In a statement, electric vertical takeoff and landing aircraft (eVTOL) maker Vertical Aerospace said, it will go public through a merger with a blank-check firm in a deal valued at $2.2 billion. So far the company has pre-orders for up… Read More ›
China’s auto sector stumbles by 3% in May, outlook remains cautiously positive for full year
For the first time in 14 months, vehicles sales in China fell by 3% in May 2021, compared to the same period a year earlier, according to industry data released on Friday. Data from China Association of Automobile Manufacturers (CAAM)… Read More ›
Domino’s Pizza Group’s CFO to join pubs and hotels chain Fuller, Smith & Turner as Finance Director
On Friday, Domino’s Pizza Group said, Neil Smith, its CFO will be leaving the company to join Fuller, Smith & Turner, a pubs and hotels chain, as its finance director. Smith is expected to join Fuller, Smith & Turner by… Read More ›
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
UK, US to collaborate on reopening travel industry
In a statement the British government said, Prime Minister Boris Johnson and U.S. President Joe Biden are likely to collaborate in opening up the travel sector between the two countries “as soon as possible”. In his first overseas trip, Biden… Read More ›