The protracted worldwide scarcity of semiconductor chips was instrumental in vehicle sales in China declining in October, which was a drop for the sixth straight month, with a 9.4 per cent year on year fall in sales, shoed data from… Read More ›
Strategy
Chips Shortage Is A Greater Concern Than Covid-19 For Daimler Truck CEO
The global semiconductor shortage is a cause of greater worry compared to the economic impact of the Covid-19 pandemic for Daimler Truck CEO Martin Daum. “I’m more concerned about semiconductors than Covid at the moment,” Daum said in a television… Read More ›
J&J To Be Divided Into Two Listed Companies
The consumer goods division of Johnson & Johnson, a health-care multinational, will be separated from its pharmaceutical and medical device businesses, the company announced on Friday, which will establish two publicly listed firms. The stocks of the company were driven… Read More ›
Sale Of Urea, Used As Emission Suppressant, Rationed In South Korea Due To Supply Shortage
A tactic to ration urea, which is utilized for reducing carbon emissions in diesel cars and in various industries, is now being implemented by the South Korean government. Authorities there have also imposed a ban on reselling of the solution… Read More ›
EU will widen sanctions against Belarus: Ursula von der Leyen
In a statement European Commission’s head Ursula von der Leyen said, the European Union will widen sanctions against Belarus, and target both people and entities. Von der Leyen made the remarks after a meeting with U.S. President Joe Biden at… Read More ›
EU countries agree to robust response to Britain on post-Brexit trade dispute
In a statement EU diplomats stated, countries in the EU are on the same page on the need for “robust” action against Britain if London were to follow through on its threat to escalate a post-Brexit trade dispute. Over the… Read More ›
US and allies will take appropriate unspecified action if Beijing attacks Taiwan
In a statement U.S. Secretary of State Antony Blinken said made it lucidly clear that Washington and its allies would take appropriate, unspecified “action” if Beijing decides to invade and annex Taiwan. When asked by the New York Times, at… Read More ›
Boeing agrees to pay compensation to victims of Ethiopian Airlines 737 MAX crash
A filing in U.S. District Court in Chicago shows, Boeing Co has agreed to acknowledge liabilities for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash. Following an agreement between… Read More ›
VW looking at potential Porsche AG market listing
Porsche AG’s potential IPO will benefit from being part of the Volkswagen Group, said CEO Oliver Blume. “We feel very comfortable in the Volkswagen Group, we can profit from synergies. The important thing in this time is to focus on… Read More ›
Indian startup Nykaa’s blockbuster stock market debut values it at $13 billion
Shares of Nykaa, India’s cosmetics-to-fashion platform, made a blockbuster debut valuing the company at close to $13 billion. With the news reaching the market, shares of FSN E-Commerce Ventures, the profit-making parent company that owns the Nykaa brand, soared by… Read More ›
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