Index 1.8% Above April 2021 ARLINGTON, Va., May 24, 2022 /PRNewswire/ — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 2% in April after rising 1.8% in March. In April, the index equaled 115.8 (2015=100) versus 118.2 in March. “After eight straight gains totaling 6.9%, for-hire tonnage finally slid back in April.… Continue reading ATA Truck Tonnage Index Fell 2% in April
Category: Automotive
CARIAD, de VW, recurre a Luxoft para soluciones de software para automóviles orientadas al futuro
“Luxoft es fiable y cuenta con visión de futuro en sus servicios de prueba e integración, lo que nos permite acelerar el desarrollo de nuestra plataforma de software y sus componentes, así como funcionalidades y facilidad de uso de última generación”, afirmó el consejero delegado de CARIAD, Dirk Hilgenberg. CARIAD está trabajando en una plataforma… Continue reading CARIAD, de VW, recurre a Luxoft para soluciones de software para automóviles orientadas al futuro
FANDUEL GROUP APPOINTS ANDREW SHEH CHIEF TECHNOLOGY OFFICER
— Former Real Estate Tech Executive Joins FanDuel’s Senior Leadership Team — NEW YORK, May 24, 2022 /PRNewswire/ — FanDuel Group, the premier online gaming company in North America, announced that it has appointed Andrew Sheh as Chief Technology Officer. Sheh will be responsible for oversight of FanDuel Group’s customer facing engineering and platform development… Continue reading FANDUEL GROUP APPOINTS ANDREW SHEH CHIEF TECHNOLOGY OFFICER
The ‘800 pound gorilla’ in the Gulf of Mexico that could supercharge hurricanes this season
Forecasters expect a busy 2022 Atlantic hurricane season, with a 65 percent chance of an above-average season. There’s also a wildcard in the mix that raises the risk of more severe storms in the Gulf of Mexico this year. Between 14 to 21 tropical storms could grow powerful enough to be named this season, the… Continue reading The ‘800 pound gorilla’ in the Gulf of Mexico that could supercharge hurricanes this season
Best British modern classic cars
If you’re looking for a modern classic from Britain, then you’re pretty well-catered for. We managed to find mid-engined sports cars, luxury limousines, practical hatchbacks and off-roaders which could all prove to be a savvy investment for years to come. Investing in a modern classic isn’t just for the wealthy either. We’ve included a wide variety… Continue reading Best British modern classic cars
SoftBank-backed logistics startup Delhivery valued at $4.9b in India debut …
Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6% in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees ($4.89 billion). The Gurugram-based company’s services include parcel transportation, warehousing, cross-border and supply chain services to more than 23,000 customers, and counts popular e-commerce sites… Continue reading SoftBank-backed logistics startup Delhivery valued at $4.9b in India debut …
GIC to invest $283m for 7.5% stake in India’s Aditya Birla Fashion and Retail …
Aditya Birla Fashion and Retail Limited (ABFRL) Tuesday said that its board has approved raising of up to $283 million (Rs.2,195 crore) from an affiliate of GIC, Singapore’s sovereign wealth fund. ABFRL will raise the aforementioned amount by way issue of preferential issuance of equity and warrants, it said in a press statement. GIC will invest… Continue reading GIC to invest $283m for 7.5% stake in India’s Aditya Birla Fashion and Retail …
Switzerland’s ZoodPay enters Pakistan with acquisition of digital lender Tez
Karachi-based Tez Financial Services (Tez) has been fully acquired by ZoodPay, a Switzerland-based buy now pay later (BNPL) platform that has operations mainly in the Middle East and Central Asia. Tez’s valuation during the acquisition is confidential. Tez — backed by Planet N, Flourish Ventures (Omidyar Network), and Accion among others — was the first… Continue reading Switzerland’s ZoodPay enters Pakistan with acquisition of digital lender Tez
Chinese regulators vow to keep property sector credit growth stable
China‘s financial regulators pledged to keep credit growth stable in the property sector and help homebuyers affected by COVID-19 outbreaks to defer their mortgage payments, the central bank said in a statement on Tuesday. Yuan loan growth tumbled in April as the pandemic jolted the economy and weakened credit demand, official data showed earlier this month. Household loans, including mortgages, contracted by 217 billion yuan ($32.6 billion), pointing… Continue reading Chinese regulators vow to keep property sector credit growth stable
Samsung to invest $356b over five years to push up growth in strategic sectors
Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector to make it as successful as its chip… Continue reading Samsung to invest $356b over five years to push up growth in strategic sectors