In a statement South Korea’s Transport Ministry said, Hyundai Motor Co plans on recalling 50,864 Kona electric cars and Nexo fuel cell vehicles in the country due to a fault in the electronic braking systems. The recall is because existing… Read More ›
Entrepreneurship
Goldman Sachs to wholly own Chinese joint venture: Internal Memo
In a statement Goldman Sachs Group Inc said, it has entered into an agreement with its Chinese joint venture partner to wholly own the business. The development marks Goldman Sachs as the latest foreign bank to take advantage of China’s… Read More ›
Brazilian airlines airlines Gol Linhas Aereas Inteligentes SA to resume Boeing 737 MAX flights from Dec. 9
In a statement Brazillian airlines Gol Linhas Aereas Inteligentes SA said, from December 9 it would resume flying Boeing Co’s 737 MAX planes on its commercial routes in its domestic network. It expects all seven of its 737 MAX aircraft… Read More ›
U.S. sanctions coming over Hong Kong crackdown : Sources
According to three sources familiar with the matter at hand, Washington is preparing to impose sanctions on at least 12 Chinese officials over their alleged role in disqualifying elected legislators in Hong Kong. The move is likely to be formally… Read More ›
Clauses in UK’s Internal Market Bill breaks international law, only negotiating tactics: Irish Foreign Minister Simon Coveney
Irish Foreign Minister Simon Coveney stated, Britain’s plan to table a legislation aimed at breaking an earlier Brexit impasse is a “negotiating tactic” and EU negotiators should recognize it as that and not get distracted. Britain’s upper house of parliament… Read More ›
Japan weighs options to resume tourism from spring
According to a report from Japanese media house Asahi, the government is weighing its options to resume the inflow of tourists on a limited basis, from spring; the development comes in the wake of Japan preparing to host the delayed… Read More ›
US Jobs Growth Stalls In November With Addition Of Just 245,000 Jobs
A slowdown in new jobs in November was recorded in the United States with the economy adding just 245,000 jobs on a seasonally adjusted basis, showed data released on Friday by the Bureau of Labor Statistics. Compared to the expectations… Read More ›
Japanese government weighing options to create $19 billion environment-friendly investment fund: Govt Sources
According to three government sources with direct knowledge of the matter at hand, the Japanese government is weighing its options to create a ($9.63 billion to $19.27 billion (1 trillion to 2 trillion yen) fund to promote investment in environment-friendly… Read More ›
U.S. artificial intelligence-driven energy storage company Stem Inc to go public through SPAC
According to sources familiar with the matter at hand, Stem Inc, a U.S. artificial intelligence-driven energy storage company stated it is closing in to a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition… Read More ›
Private equity investor Thoma Bravo raises funds for SPAC: Sources
According to a source familiar with the matter at hand, private equity investor Thoma Bravo has hired an investment bank to raise funds for an initial public offering for a special purpose acquisition company (SPAC). The development marks one of… Read More ›