On Wednesday, Toyota Motor Corp cut back its annual production target by half a million vehicles following COVID-19 sick leaves and chip shortages crimping the company’s output. Toyota, the world’s biggest carmaker, will build 8.5 million vehicles this year ending March… Read More ›
On Monday, South Korea and Britain are scheduled to sign an agreement to reinforce supply chains for key products which have been hammered by the Coronavirus pandemic. British trade minister Anne Marie Trevelyan is scheduled to host her counterpart Yeo… Read More ›
On Friday, in a statement Malaysia based AirAsia Group Bhd said, it has decided to change the name of its listed holding company to Capital A Bhd. The development comes in the wake of the company seeking market recognition of its… Read More ›
In a statement to the United Nations General Assembly, U.S. President Joe Biden said, the United States will commit $10 billion toward ending hunger in in the United States and around the world. Nearly one in three people does not… Read More ›
Italian luxury group Ermenegildo Zegna has agreed for a market listing in New York this year by merging itself with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian company a market value of $3.2 billion…. Read More ›
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
In a report on Friday, an article from Britain’s The Times newspaper stated, Prime Minister Boris Johnson has instructed civil servants to draw up plans to end the UK’s reliance on China for vital medical supplies and other strategic imports…. Read More ›
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
In a statement, payments giant Fiserv Inc stated, from July 1, Frank Bisignano will become its chief executive. He will be replacing Jeffery Yabuki, who will remain with the company as its chairman until the end of his term in… Read More ›
In order to reduce leverage in the economy, Chinese regulators have allowed asset investment companies (AIC) to conduct asset management business to invest in debt-to-equity assets and boost equity financing in the country. Major state-owned banks including China Construction Bank… Read More ›
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