Author Archives

• VW’s shareholders approve $339M compensation for former executives

  By admin1 on July 24, 2021 • ( 0 )

  

  Volkswagen’s shareholders have approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, with regard to its emissions cheating scandal. The initial deal, announced last month, sees Volkswagen receive $339 million (288 million euros) in… Read More ›

• Collusion among British EV charging operators reduces competition in the EV charging market: CMA

  By admin1 on July 23, 2021 • ( 0 )

  

  On Friday, Britain’s competition regulator said, it has begun an investigation into some electric vehicle chargepoint operators on motorways and highways; the development comes at a time when it is laying out guidelines to ensure the rollout of a robust… Read More ›

• Skoda Auto’s production delayed following shortage of car parts

  By admin1 on July 22, 2021 • ( 0 )

  

  In a statement trade unions said Volkswagen’s unit Skoda Auto plans on cancelling several shifts citing shortage of auto parts. The development comes ahead of the car maker’s annual general two-week leave. Although the annual leave is scheduled for the first… Read More ›

• Barclays appoints Ingrid Hengster as head of Germany

  By admin1 on July 22, 2021 • ( 0 )

  

  On Thursday Barclays said, it has appointed Ingrid Hengster as the CEO for Germany; the bank also appointed her as its global chairman for investment banking. Hengster joins from KfW Bankengruppe. The move in a series of appointments sees Barclays… Read More ›

• Exports from Japan record fastest growth since first half of 2010

  By admin1 on July 21, 2021 • ( 0 )

  

  In June, exports from Japan rose by 48.6%, from a year earlier, led by heightened demand from the United States and China supporting hopes for an economic recovery in the world’s third-largest economy. Japan’s rise in exports, the fourth straight… Read More ›

• Tokyo Olympics should go ahead: Tedros Adhanom Ghebreyesus

  By admin1 on July 21, 2021 • ( 0 )

  

  On Wednesday, the head of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus said, organizers of the Tokyo Olympics should go ahead to demonstrate to the world what can be achieved with the right plan and measures midst the Coronarivus-induced… Read More ›

• Bukalapak raises $1.5 billion in Indonesia’s biggest IPO

  By admin1 on July 21, 2021 • ( 0 )

  

  On Wednesday, three sources familiar with the matter at hand said, Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering (IPO); Indonesia’s largest IPO saw Bukalapak price its shares at the top of an indicated price… Read More ›

• China’s real estate market in the doldrums

  By admin1 on July 20, 2021 • ( 0 )

  

  On Tuesday, for a second day in a row, shares and bonds in China Evergrande, Beijing’s most indebted developer, plunged downwards following the suspension of sales of its two real estate projects by local authorities, which highlighted worries over its… Read More ›

• Air cargo PT My Indo Airlines files lawsuit against carrier Garuda Indonesia over debt repayment

  By admin1 on July 19, 2021 • ( 0 )

  

  In a statement Indonesian carrier Garuda Indonesia said, air cargo firm PT My Indo Airlines has filed a lawsuit against it over failure to repay a debt. The court proposal had no immediate impact to Garuda’s operations, the company said… Read More ›

• Italian luxury group Ermenegildo Zegna goes public through SPAC, $3.2 billion

  By admin1 on July 19, 2021 • ( 0 )

  

  Italian luxury group Ermenegildo Zegna has agreed for a market listing in New York this year by merging itself with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian company a market value of $3.2 billion…. Read More ›