Author Archives
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Logitech upgrades annual forecast third times, as operating profit jumps
On Tuesday, Logitech International said, it has raised its annual forecasts which saw a three-fold jump in quarterly adjusted operating income, driven by a pandemic-driven boost in demand for work-from-home products and gaming accessories. The development sees Logitech raise its… Read More ›
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Biden Administration should build on gains made by Trump Administration: exiting EXIM bank chief
In a significant development, Kimberly Reed, the head of the Export-Import Bank of the United States (EXIM) urged the incoming Biden administration to build on gains made by the Trump Administration to neutralize Chinese export subsidies and provide U.S. companies… Read More ›
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Freight forwarders rejecting contracts to move goods to Britain
According to data from Transporeon, a German software company, there has been an increase in the number of freight groups rejecting contracts to move goods from France to Britain during the second week of January, resulting in price rise underscoring… Read More ›
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Amazon.com Inc to open distribution and fulfillment center in Italy with $278 million
On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
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Tesla starts deliveries of Shanghai-made Model Y SUVs in China
On Monday, in a statement Tesla Inc said, it has commenced delivery of its Shanghai-made Model Y sports utility vehicles (SUV) to Chinese customers. In November 2020, Tesla had obtained permission from the Chinese government to start selling Model Y… Read More ›
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Singapore’s ride hailing giant Grab exploring potential US IPO
According to three sources familiar with the matter at hand, food delivery and ride hailing giant Grab is exploring a potential listing in the United States. The development comes midst robust investor appetite for IPOs. Grab aims to raise at… Read More ›
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General Motors to invest $785.42 million in Canada plant to build electric vans
In a statement U.S. carmaker General Motors Co stated, it has reached a tentative deal with labor union Unifor following which it aims to invest around $785.42 million (C$1 billion) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture… Read More ›
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Trump Administration unveil rules to protect U.S. telecom supply chain
In a significant development, the Trump Administration has labeled China, Iran, Russia, Cuba and North Korea as foreign adversaries as part of a new set of rules aimed at protecting the U.S. telecoms supply chain. The rules, which implement an… Read More ›
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Washington bans import of cotton and tomato products from China’s Xinjiang region over forced labor by Uighur Muslims
The Trump Administration has announced a ban on all cotton and tomato products from western China’s Xinjiang region over alleged forced labor issues from detained Uighur Muslims. In a statement, the U.S. Customs and Border Protection said, the order applies… Read More ›
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Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
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