Category: News Site

‘Fed up’ US autoworkers expand strikes against GM and Ford

Joe Biden with the UAW president, Shawn Fain, in Michigan earlier this week. Photograph: Evan Vucci/AP Joe Biden with the UAW president, Shawn Fain, in Michigan earlier this week. Photograph: Evan Vucci/AP ‘Fed up’ US autoworkers expand strikes against GM and Ford UAW president Shawn Fain says members ‘fed up with corporate greed’ as another… Continue reading ‘Fed up’ US autoworkers expand strikes against GM and Ford

Biden is right to praise the auto strike. His climate agenda depends on it | Kate Aronoff

‘The UAW strike could be a chance to dismantle the rightwing myth that reducing emissions hurts working people.’ Photograph: Jim Watson/AFP/Getty Images ‘The UAW strike could be a chance to dismantle the rightwing myth that reducing emissions hurts working people.’ Photograph: Jim Watson/AFP/Getty Images Biden is right to praise the auto strike. His climate agenda… Continue reading Biden is right to praise the auto strike. His climate agenda depends on it | Kate Aronoff

Want to Speak at the 2024 ICRS?

2024 ICRS sessions are designed to give car rental operators from North America and abroad a wide range of education, networking opportunities, and exhibit hall interaction. Photo: Canva If you consider yourself an expert on a particular topic that addresses the spirit of the International Car Rental Show (ICRS) and would like to share your insight with… Continue reading Want to Speak at the 2024 ICRS?

Indian billionaire Anil Agarwal’s Vedanta to split into six separate listed businessesVedanta Ltd shares have lost 28% so far this year.

Billionaire Anil Agarwal‘s Vedanta Ltd said on Friday it would split the company into six separate listed businesses as the metals-to-oil conglomerate seeks to boost growth amid a slump in its financial performance. The company’s UK-based parent, Vedanta Resources, has seen major agencies cut its ratings on concerns over debt repayments, with S&P Global Ratings downgrading… Continue reading Indian billionaire Anil Agarwal’s Vedanta to split into six separate listed businessesVedanta Ltd shares have lost 28% so far this year.

India Digest: Saregama buys Pocket Aces; Stakeboat Capital Fund IISaregama will acquire 51.8% shares for around Rs 174 crore.

Music label Saregama has acquired a majority stake in digital entertainment company Pocket Aces Pictures. Separately, Stakeboat Capital has hit the final close of its second fund at about $127 million. Saregama to buy Pocket Aces Music label Saregama has acquired a majority stake in digital entertainment company Pocket Aces Pictures, owner of Dice Media.… Continue reading India Digest: Saregama buys Pocket Aces; Stakeboat Capital Fund IISaregama will acquire 51.8% shares for around Rs 174 crore.

Meesho in talks with WestBridge Capital to raise funding in secondary round

Indian social commerce player Meesho, which recently hit headlines for turning profitable, is understood to be in talks with private equity firm WestBridge Capital to raise capital. This could be a secondary deal worth at least tens of millions wherein WestBridge could buy out Venture Highway’s stake in the social commerce startup at a discount,… Continue reading Meesho in talks with WestBridge Capital to raise funding in secondary round

Crypto hedge fund Three Arrows Capital’s co-founder apprehended in Singapore

Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital, has been “apprehended” at Changi Airport in Singapore, the company’s liquidators Teneo said in an email on Friday. Zhu will spend four months in prison under an arrest order granted by Singapore courts in September 2023 after he did not comply… Continue reading Crypto hedge fund Three Arrows Capital’s co-founder apprehended in Singapore

Merger of Sony’s India unit with Zee to be delayed by a few months

Japan’s Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which had an initial deadline of September, would take a few more months to complete. “Based on the current state of preparation, we expect completion within the next few months,” Sony said in a statement, without elaborating further. Sony and Zee did… Continue reading Merger of Sony’s India unit with Zee to be delayed by a few months

New Volkswagen electric compact SUV confirmed for 2026

Volkswagen has confirmed that it will launch a ‘high-volume’ A-segment SUV in 2026, likely serving as a raised, rugged take on the upcoming Volkswagen ID 2. To be built in Wolfsburg, Germany, alongside the larger Volkswagen ID 3, the ‘ID 2 X’ as it is expected to be called will be based on the same… Continue reading New Volkswagen electric compact SUV confirmed for 2026