Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets. “It’s actually one of the strongest quarters we ever had,” Deputy CEO Trond Grande said in a video posted on LinkedIn. Despite market turmoil in March amid concerns of… Continue reading Norwegian wealth fund posts $84b quarterly profit
Category: Automotive
ValueAct Capital pushing to oust Seven & i President Ryuichi Isaka: letter
ValueAct Capital is pushing to oust Seven & i Holdings President Ryuichi Isaka, saying he is responsible for a “flawed strategy” and stating publicly for the first time that he is one of four directors it wants to replace at next month’s annual meeting. The San Francisco-based investment firm, which owns a 4.4% stake in… Continue reading ValueAct Capital pushing to oust Seven & i President Ryuichi Isaka: letter
Zipmex in talks with Blue Square Capital, other potential investors as buyout deal in jeopardy
Embattled digital asset exchange Zipmex is in talks with several potential investors to prevent liquidation after “an investor” signalled it is pulling back from a $100 million buyout deal. Singapore’s Blue Square Capital is among the investors that have expressed an interest in injecting cash into the firm, according to a court hearing on Friday… Continue reading Zipmex in talks with Blue Square Capital, other potential investors as buyout deal in jeopardy
German Manager Magazin: Mercedes-Benz achieves a return of almost 15 percent002446
Reason for joy at Ola Källenius (53): The CEO of the car manufacturer Mercedes Benz can continue to benefit from high sales prices in view of the impending economic downturn. In the first quarter, the Stuttgart-based company exceeded the strong value from the same period last year with its earnings before interest and taxes, according… Continue reading German Manager Magazin: Mercedes-Benz achieves a return of almost 15 percent002446
German Manager Magazin: Ice cream disaster for BMW in China at Auto Shanghai002446
The competition of Chinese brands makes the German car manufacturers to create. After years of dominance, competitors like BYD are in China already passed and are also preparing to take off internationally. A critical phase for the German car industry. Shitstorms come at the wrong time – but one just broke over bmw in. Their… Continue reading German Manager Magazin: Ice cream disaster for BMW in China at Auto Shanghai002446
German Manager Magazine: Volkswagen, BMW, Mercedes: How Chinese car manufacturers are duping the German002447
Auto Shanghai is the most important automobile show in a long time. The IAA is revived in Munich, the Geneva Motor Show has recently been canceled several times. In China on the other hand, the industry is bouncing around like it was in the best of times. Local brands in particular are presenting themselves more… Continue reading German Manager Magazine: Volkswagen, BMW, Mercedes: How Chinese car manufacturers are duping the German002447
German Manager Magazin: Volkswagen no longer market leader in China: Are newcomers like BYD overrunning the German car group?002446
For decades it was the most lucrative subscription in German industry: Volkswagen’s market leadership in China. In the electric age, however, the Wolfsburg-based group has lost its top position – to the Chinese attackers BYD. manager-magazin editor Claas Tatje traveled to the exhibition of the international auto elite, to Auto Shanghai. In an interview with… Continue reading German Manager Magazin: Volkswagen no longer market leader in China: Are newcomers like BYD overrunning the German car group?002446
German Handelsblatt: Automaker: VW sales recover in the first quarter – China remains weak006760
VW production in Dresden Among the individual brands, the main VW passenger car division achieved a mini plus of one percent in the first quarter of the year. (Photo: IMAGO/Sylvio Dittrich) Volkswagen Group sales improved again in the first quarter. As the Wolfsburg-based company announced on Friday, worldwide deliveries from the beginning of January to… Continue reading German Handelsblatt: Automaker: VW sales recover in the first quarter – China remains weak006760
German Handelsblatt: Automaker: VW sales recover in the first quarter – China remains weak006760
VW production in Dresden Among the individual brands, the main VW passenger car division achieved a mini plus of one percent in the first quarter of the year. (Photo: IMAGO/Sylvio Dittrich) Volkswagen Group sales improved again in the first quarter. As the Wolfsburg-based company announced on Friday, worldwide deliveries from the beginning of January to… Continue reading German Handelsblatt: Automaker: VW sales recover in the first quarter – China remains weak006760
MEXICO CITY’S ELENA REYGADAS IS NAMED THE WORLD’S BEST FEMALE CHEF 2023
The award continues to acknowledge the female chefs paving the way for future industry leaders One of the most important figures in Mexican gastronomy, and chef-owner of Rosetta in Mexico City, Elena Reygadas is awarded this year’s accolade, voted for by a global panel of experts Named Latin America’s Best Female Chef in 2014, Reygadas… Continue reading MEXICO CITY’S ELENA REYGADAS IS NAMED THE WORLD’S BEST FEMALE CHEF 2023