On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›
On Wednesday, in a statement Britain’s Payment Systems Regulator said, Mastercard is among five companies which broke the law for cartel behavior; the regulator has alleged that these five companies including, Mastercard, allpay, APS, PFS and Sulion offered pre-paid cards… Read More ›
On Tuesday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA) said, it has fined Moody’s $4.35 million (3.7 million euros) for breaching rules which includes failure to disclose conflicts of interests. “All of the breaches resulted… Read More ›
Following a chip plant owned by Renesas Electronic Corp catching fire earlier this month, Japan asked a few Taiwanese manufacturers to cooperate in alternative production of semiconductors, said industry minister Hiroshi Kajiyama. “We are in communication with several manufacturing equipment… Read More ›
On Tuesday, in a statement South Korea’s SK Innovation Co Ltd said it is considering all options which includes pulling out of its battery business in the United States if U.S. President Joe Biden does not overturn a trade panel’s… Read More ›
On Tuesday, in a statement South Korea’s Hyundai Motor Co said, production at its Ulsan number one plant in South Korea would be suspended from April 7 to 14 due to supply issues with electrical components and a shortage of… Read More ›
On Monday, in a statement Royal Dutch Shell proposed that the pay of its directors should be more closely linked to group’s climate performance and cut off the link between bonuses and liquefied natural gas (LNG) production volumes. The development… Read More ›
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
According to British food delivery company’s bookrunner, the demand for Deliveroo’s upcoming initial public offering (IPO) is in excess of the full size of the deal, with books covered throughout the price range of between 3.90 and 4.60 pounds per… Read More ›
According to the results of a survey that was released on Monday, German exporters are increasingly optimistic about a pick-up in exports based on growing stability of the U.S. economy as well as those in Asia. A survey conducted by… Read More ›
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