In a statement Foxconn’s chairman Liu Young-way said, it is looking to produce electric vehicles (EVs) in India, Europe and Latin America, and “indirectly” cooperate with German automakers. Foxconn, aims to become a major player in the global EV market,… Read More ›
In a statement American Airlines said, it expects a smaller-than-expected adjusted loss for the third quarter and improved performance for the remaining part of this financial year following increased holiday demand midst lifting of travel bans. While earlier U.S. carriers had… Read More ›
On Tuesday, French President Emmanuel Macron unveiled a five-year, $35 billion (30 billion euro) investment plan aimed at providing much needed support to champions of domestic industry and to support innovation. “We must wage the battle of innovation and industrialisation… Read More ›
In a statement EU Home Affairs Commissioner Ylva Johansson said, Europe must take potential security threats arising from migration out of Afghanistan more seriously. “On the terrorist threat from Afghanistan, I must say that my assessment is that the alert… Read More ›
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›
On Monday, official figures from the German government show that industrial orders have surged in July, hitting a post-reunification high and pointing to a solid start to the second half in the engine room of Europe’s largest economy. The figures… Read More ›
According to three sources with knowledge of the matter at hand, French retailer Carrefour plans on launching a sale of its Taiwan business, which is valued at around $1.9 billion (1.6 billion euros) in the coming weeks. Carrefour has hired Morgan Stanley to… Read More ›
On Monday, France’s Axa posted a 180% surge in its first quarter net income even as the French insurer rebounded from a spike in pandemic-related claims that led to a $1.8 billion (1.5 billion euro) charge in 2020. In a statement… Read More ›
Following an easing of coronavirus travel restrictions along with positive cash flow during the second quarter of this month saw Air France-KLM seeing the first signs of recovery as the airline group narrows down its losses. “Obviously the first quarter was… Read More ›
In a significant development Britain said, it is doing away with the planned easing of coronavirus rules for travelers from France, which was scheduled to take effect from Monday, because of the continued presence of the Beta variant of the… Read More ›
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