Shanghai officials are seeking to revive confidence among multinational companies bruised and frustrated by the city’s COVID-19 lockdown by holding multiple meetings with foreign firms and easing a key border requirement for overseas workers. The image of China’s most cosmopolitan city and its biggest business hub was badly damaged by the two-month lockdown, with countless expatriates… Continue reading After lockdown, Shanghai tries to mend fences with foreign firms
Category: Automotive
US data security firm Immuta valued at $1b after latest funding led by NightDragon
Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon. Cyber security companies, such as Immuta, Axonius and Securonix, have attracted investor interest recently due to strong demand for their services as businesses adopt a hybrid work model globally due to the… Continue reading US data security firm Immuta valued at $1b after latest funding led by NightDragon
Philippine tycoon to build world’s largest solar power facility
Philippine billionaire Enrique Razon’s infrastructure investment arm said on Wednesday it plans to construct what will be the world’s largest solar power facility, joining a growing number of local companies embracing the development of renewables. Unlisted Prime Infrastructure Holdings Inc said the facility will have a capacity of 2,500-3,500 megawatts combined with a 4,000MWh to 4,500MWh… Continue reading Philippine tycoon to build world’s largest solar power facility
Petrol prices jump by more than 2p in 24 hours
The price of petrol rose by more than 2p in just 24 hours yesterday, which is the biggest daily increase in 17 years. Prices rose from 178.50p per litre on Monday to 180.73p per litre on Tuesday – an increase of 2.23p. The cost of diesel also increased by 1.37p in the same period, from… Continue reading Petrol prices jump by more than 2p in 24 hours
What Is The Ownership Structure Like For Linamar Corporation (TSE:LNR)?
If you want to know who really controls Linamar Corporation (TSE:LNR), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Warren Buffett said that he likes “a business with enduring competitive advantages that… Continue reading What Is The Ownership Structure Like For Linamar Corporation (TSE:LNR)?
Lawsuit claims Better.com misled investors, EV startup CEOs received pay bump, Goodyear recalls tires
Motley Fool If Netflix Acquired Roku, It Could Be a Match Made in Heaven Roku (NASDAQ: ROKU) stock surged Wednesday on employee rumors of a potential acquisition by Netflix (NASDAQ: NFLX). The reports seemed to gain steam when “Roku abruptly closed the trading window for all employees, prohibiting them from selling any of their vested… Continue reading Lawsuit claims Better.com misled investors, EV startup CEOs received pay bump, Goodyear recalls tires
Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires
Goodyear Tire GT recently announced that it is recalling around 173,000 G159 tires used in recreational vehicles (RVs). The National Highway Traffic Safety Administration (“NHTSA”) has stated that the tires experienced high chances of failure on RVs compared to other similar tires, which can be a potential cause of serious injury or death. The tires… Continue reading Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires
Goodyear Recalls Over 170,000 Tires Used On RVs
Reuters WalMart expands transportation partnerships with electric, hydrogen vehicle pilots Retail giant Walmart Inc on Wednesday said it was expanding transportation pilots with manufacturers of electric, hydrogen and natural gas-powered vehicles, including Cummins Inc and Daimler Truck’s Freightliner. The partnerships, which are in addition to previously announced transportation tie-ups, are part of Walmart’s 2040 goal… Continue reading Goodyear Recalls Over 170,000 Tires Used On RVs
New report examines Africa’s growth in the digital economy and VC investment landscape
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.” It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides… Continue reading New report examines Africa’s growth in the digital economy and VC investment landscape
Mejorar de manera sostenible el mecanizado de aluminio en la industria automotriz con las herramientas adecuadas
Una reducción del diez por ciento en el peso del vehículo puede conducir a un ahorro de combustible del seis al ocho por ciento. Por eso, los fabricantes recurren cada vez más al aluminio, uno de los materiales más importantes para una construcción ligera. Pero las aleaciones de aluminio requieren un mecanizado complejo, con procesos… Continue reading Mejorar de manera sostenible el mecanizado de aluminio en la industria automotriz con las herramientas adecuadas