In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
Day: April 3, 2022
Hackers breach Germany’s Nordex Group’s IT system
In a statement, Germany’s Nordex Group, which manufactures and distributes wind power systems, said, it has been hit by a cyber security incident and has shut down its IT systems across multiple locations and business units to contain the threat…. Read More ›
Britain to unveil energy security strategy this Thursday
As per a report from the Sunday Telegraph, Britain could build up to 7 new nuclear power stations as part of a response to energy security stemming from Russia’s invasion of Ukraine, said British Business Secretary Kwasi Kwarteng. “There is… Read More ›
Chinese fast fashion e-commerce startup Shein aiming for $100 billion valuation in funding round
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
Germany looking at buying US or Israeli missile shield
As per a report by German weekly Welt am Sonntag, Berlin is weighing options to purchase a missile defence system from either the United States or Israel. The development comes in the wake of Russia launching Iskander missiles in Ukraine…. Read More ›