On Tuesday, Tesla is slated to deliver the first 30 Model Y cars to customers at its $5.5 billion (5 billion euro) Gruenheide plant in Germany. The development marks the launch of the model from its first European production hub,… Read More ›
HR & Organization
Russia Ukraine conflict fuels wheat futures prices, other commodities also affected
With the Russian invasion of Ukraine driving up global wheat futures, Vance Ehmke, a U.S. farmer, was eager to sell his grain. Local prices surged by nearly 30% to around $12 a bushel, the highest Ehmke could recall in 45… Read More ›
Russia may not stop with Ukraine: NATO
Within hours of Russian missiles striking cities in Ukraine at the start of the conflict, German naval commander Terje Schmitt-Eliassen was told to sail 5 warships under his command to Latvia in order to help protect the most vulnerable part… Read More ›
US Britain kick off talks to strengthen trade ties
British and U.S. officials have kicked off a two-day event aimed at strengthening trade in a move that underscores greater transatlantic cooperation. The development comes at a time when Western countries are increasing pressure on Russia over its move to… Read More ›
Nike’s quarterly results expected to be lower than forecast: analysts
Ahead of Nike Inc’s quarterly results. Wall Street is expecting a gloomy outlook since sales of the sportswear giant in 2022 is expected to be significantly hit by rising COVID-19 cases in China and supply chain issues from the Russia-Ukraine… Read More ›
Berkshire Hathaway Inc increases stake in Occidental Petroleum Corp to 14.6%
Shares of Occidental Petroleum Corp rose after Berkshire Hathaway Inc disclosed it had spent around $1 billion to buy additional shares in the oil company, raising its stake to 14.6%. In a regulatory filing, Berkshire disclosed that it owns 136.4 million… Read More ›
Australia bans export of alumina, aluminum, and bauxite to Russia
Australia has imposed further sanctions on Russia and has banned exports of alumina, bauxite, and aluminium ores as part of a measure to increase sanctions on Moscow. “Russia relies on Australia for nearly 20 percent of its alumina needs,” said… Read More ›
Mercedes-Benz opens second R&D centre in Shanghai
On Friday, Germany’s Mercedes-Benz Group AG said, it has opened a research and development (R&D) centre in Shanghai which will focus on mobility technology. The opening of the new centre will be its second R&D facility in China. The centre will… Read More ›
Russia averts sovereign bond default
As per a source familiar with the situation at hand, Russia has made payments towards sovereign bonds which were due this week, which was received by JPMorgan which processed it and made an onwards credit to Citi. With this Moscow has… Read More ›
Amazon.com Inc closes $8.5 billion acquisition of MGM
In a statement Amazon.com Inc said, it had closed its $8.5 billion acquisition of MGM. It welcomes all MGM employees to the company and will work with the studio’s leadership, indicating that it would not lay off employees. On Tuesday,… Read More ›
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