On Monday, the CEO of Deutsche Telekom, Vodafone, and 11 other major European telecoms companies said, U.S. tech giants should bear some of the costs of developing telecom networks in Europe based on the fact that they use them so heavily. The… Read More ›
Ferrari has unveiled a new high octane model – the Daytona SP3, which brings to an end a long wait by lovers of its Icona-series cars. However what could potentially disappoint them is the fact it is an electric vehicle. Housing… Read More ›
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 ›
In a joint statement, self-driving truck startup Plus and blank-check company Hennessy Capital Investment Corp V said, they are calling off their merger given the regulatory environment outside the US. Earlier this year in May, Plus had said it would go… Read More ›
In a statement Lufthansa said, it has agreed to lease four new Airbus A350-900 long-haul passenger jets in a move aimed at restructuring its balance sheet midst the coronavirus-induced COVID-19 pandemic. “Airplanes are currently available at low lease rates as carriers… Read More ›
In a statement, Alexandre Bompard, the CEO of French supermarket giant Carrefour said, it is weighing options which includes consolidations in the sector and that it has commenced talks with the family behind the Auchan chain of stores. Both Carrefour… Read More ›
In a statement videogame publisher Activision Blizzard along with the U.S. Equal Employment Opportunity Commission (EEOC) said, they have agreed to settle claims over sexual harassment and discrimination in the company’s workplace. Under the agreement, Activision has committed to create a… Read More ›
In a statement Rolls-Royce said, it has agreed to sell its Spanish unit ITP Aero for $2.0 billion (1.7 billion euros) to a consortium led by Bain Capital Private. The development sees the British engineering company closing in on its… Read More ›
In a statement Nigerian President Muhammadu Buhari said, he had appointed a board for state-oil firm NNPC and directed that it should be incorporated within six months. The move is likely to allow NNPC to sell shares in the future…. Read More ›
In a statement Richard Branson’s Virgin Orbit said, it is going public through a merger with a blank-check company in a deal valued at around $3.2 billion. The deal is expected to provide $483 million in proceeds to the combined… Read More ›
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