China Resources Beer Holdings said on Tuesday its unit agreed to acquire a 55.19% stake in Chinese “baijiu” liquor maker Guizhou Jinsha Jiaojiu Winery Industry for about $1.7 billion, as it diversifies alcohol businesses with non-beer assets. China Resources Wine Holdings Limited would boost capital in Jinsha Jiaojiu by 1.03 billion yuan ($141.70 million), after which it would… Continue reading China’s CR Beer in $1.7b deal for 55% of baijiu spirit maker
Category: Tech News
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Helbiz’s Wheels acquisition fails to impress investors
Helbiz’s deal to buy Wheels has officially gone through, and with it some promises from the shared micromobility operator to its investors that the tie up will double its annual revenue and help it reach profitability. Helbiz is hardly the only shared micromobility operator battling to achieve profitability. It’s a situation that most companies in… Continue reading Helbiz’s Wheels acquisition fails to impress investors
Starlink satellite internet for moving vehicles launches in December
/ The company’s RV offering is getting a new capability — but it won’t be cheap. Image: SpaceX SpaceX has announced that its Starlink for RVs satellite internet service will be available for moving vehicles starting in December 2022. While you’ve been able to mount one of the satellite dishes onto or outside of a… Continue reading Starlink satellite internet for moving vehicles launches in December
iOS 16.2 adds a way to report inadvertent Emergency SOS activations
/ Apple’s new car crash detection feature can be genuinely helpful, but it has contacted emergency services while people are riding roller coasters and don’t actually need help If the feature didn’t trigger at the right time, you’ll be able to report that.Photo by Amelia Holowaty Krales / The Verge Apple’s next major iOS update,… Continue reading iOS 16.2 adds a way to report inadvertent Emergency SOS activations
The numbers are in: the heat is taking a heavy toll on health and incomes
/ Heat spells are increasingly costing people their lives and livelihoods, a new report finds A person experiencing homelessness sleeps in the sun during a heatwave in Portland, Oregon, on Monday, June 28th, 2021. Maranie Staab/Bloomberg via Getty Images We can clearly see how big of a toll heat takes on health and employment around the… Continue reading The numbers are in: the heat is taking a heavy toll on health and incomes
Lyft relaunches monthly subscription plan at half the price
Ride-hail giant Lyft has relaunched Lyft Pink, its monthly subscription plan, at half of its previous price. At $9.99 per month or $99 per year, the new membership offers perks like free priority pickups and a discount of “at least” 5% on Preferred, Lux and XL rides, the company said Tuesday. Members will also receive… Continue reading Lyft relaunches monthly subscription plan at half the price
New Zealand Uber drivers win case declaring them employees
A group of Uber drivers in New Zealand won a landmark case Tuesday against the ride-hail company which will force Uber to treat them as employees, rather than independent contractors. New Zealand’s employment court decision only applies to four drivers who were part of a class action lawsuit filed last July, but the ruling may… Continue reading New Zealand Uber drivers win case declaring them employees
Winter is coming: This backup power station could come in handy soon
The Bluetti AC200MAX. Adrian Kingsley-Hughes/ZDNET Winter is coming. A time for storms and power outages. And it seems like blackouts are in the cards for us in the UK. What better time to invest in a battery power station, the modern answer to the noisy, smelly, dangerous gasoline generator. Think of a battery power station… Continue reading Winter is coming: This backup power station could come in handy soon
Tesla’s new Cybertruck Giga Press is on its way
Idra, the maker of Tesla’s large casting press, confirmed that it is now shipping Tesla’s Cybertruck Giga Press, which is going to be the new world’s largest press. Earlier this year, Idra teased a new 9,000-pound Giga press that would take the prize as largest in the world. Considering Tesla’s relationship with Idra, it was… Continue reading Tesla’s new Cybertruck Giga Press is on its way
Tesla expands ‘high-volume’ hiring in Quebec amid rumors of a factory
Tesla is expanding the hiring of recruiters and a support team for a “high-volume” hiring effort in Quebec amid rumors of a potential factory coming to the region. Earlier this year, we started reporting on evidence that Tesla has been looking at a potential location in Canada for its next Gigafactory. Tesla plans to ramp… Continue reading Tesla expands ‘high-volume’ hiring in Quebec amid rumors of a factory