German Manager Magazin: Renault: After leaving Russia, sales collapse by almost 30 percent001909

The retreat from Russia has the sales figures of the French car manufacturer Renault dropped significantly in the first half of the year. Global sales fell 29.7 percent to just over a million vehicles, Renault announced on Tuesday. Without the Russian business, sales fell by 12 percent. The market environment continued to be characterized by… Continue reading German Manager Magazin: Renault: After leaving Russia, sales collapse by almost 30 percent001909

German Handelsblatt: Automotive supplier: ZF boss Wolf-Henning Scheider is moving to the Swiss private equity giant Partners Group004676

ZF-Chef Wolf-Henning Scheider hat einen neuen Job: Der Top-Manager, der seinen Vertrag beim Friedrichshafener Automobilzulieferer auslaufen lässt, steigt Anfang kommenden Jahres beim Private-Equity-Unternehmen Partners Group ein. Das teilten die Schweizer am Dienstag mit.Bei der Partners Group verantwortet Scheider künftig die mit Abstand größte Sparte: das Geschäft mit privaten Firmenbeteiligungen. Er wacht damit künftig über 63… Continue reading German Handelsblatt: Automotive supplier: ZF boss Wolf-Henning Scheider is moving to the Swiss private equity giant Partners Group004676

If This Leak Is Real, Uber Is in Huge Trouble

In a surprise to absolutely no one, oft-troubled rideshare app Uber is in hot water once again — and this time, powerful friends of the Silicon Valley giant, including French President Emmanuel Macron, might be going down too. Dubbed the Uber Files, a massive data leak — obtained by The Guardian and shared with over… Continue reading If This Leak Is Real, Uber Is in Huge Trouble

Another accident with Tesla | NHTSA determined

Another fatal accident involving a Tesla has the NHTSA back on the scene. Late last week, the National Highway Traffic Safety Administration (NHTSA) reported that a deadly collision between one Tesla and identify a person. This incident happened in California. Now a new incident has become known, in which the NHTSA is also investigating. In… Continue reading Another accident with Tesla | NHTSA determined

Sweden’s Klarna raises $800m, valuation plunges 85% in a year

Swedish payments firm Klarna Bank AB said on Monday it had raised $800 million of funds at a valuation of $6.7 billion, down around 85% from the $46 billion price-tag it attracted last year. The tough stance taken by funders comes amid a drop-off in investor interest in fast-growing tech ventures that have yet to turn a… Continue reading Sweden’s Klarna raises $800m, valuation plunges 85% in a year

India’s Unacademy to shut test preparation ops, impose pay cuts to “become IPO-ready”

Amid rising struggles for India’s once-hot edtech market, SoftBank-backed Unacademy is undertaking drastic steps to prioritise profitability ahead of its planned IPO in two years. In a company-wide message on Monday, shared via Slack, Unacademy co-founder and chief executive Gaurav Munjal said the company had Rs2,800 crore ($352.33 million) in the bank, but he feels… Continue reading India’s Unacademy to shut test preparation ops, impose pay cuts to “become IPO-ready”

Das Jiande Original Landscape Musikfestival 2022 findet in Jiande, Hangzhou statt. Die Veranstaltung, die an einem Sommerabend bei bestem Wetter stattfand, ging erfolgreich zu Ende

JIANDE, China, 11. Juli 2022 /PRNewswire/ — Am Abend des 01. Juli fand in der Jiande Aviation Town von Hangzhou die Eröffnungsfeier des 20. China 17℃ Jiande Xin‘an River Culture and Tourism Festivals statt, das vom beliebten Zhejiang-Radiosender FM96.8 organisiert wurde und parallel zum Jiande Original Landscape Musikfestival 2022 stattfand. Die poetische Schönheit der Landschaft… Continue reading Das Jiande Original Landscape Musikfestival 2022 findet in Jiande, Hangzhou statt. Die Veranstaltung, die an einem Sommerabend bei bestem Wetter stattfand, ging erfolgreich zu Ende

Recession? Investors turn to earnings for clues

A looming recession, runaway inflation, an energy crisis in Europe and a euro that’s sunk to near parity with the dollar: corporate earnings worldwide face a laundry list of challenges this season that could create another reason to dump stocks. After a tumultuous first half for global equities, with $18 trillion in value wiped out,… Continue reading Recession? Investors turn to earnings for clues

Inflation is raging because globalisation is fading

Inflation prognostication tends to come down to reading statistical tea leaves. Friday’s report of strong US job growth looks like a sign of economic strength that keeps inflationary pressure high. Recent declines in commodity prices reassured some analysts that the danger could be receding. This focus on short-term price movements and the resulting interest-rate manipulations… Continue reading Inflation is raging because globalisation is fading

Greenbrier Reports Third Quarter Results

New railcar backlog valued at $3.6 billion is highest value in six years Lease fleet utilization of 98% LAKE OSWEGO, Ore., July 11, 2022 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its third fiscal quarter… Continue reading Greenbrier Reports Third Quarter Results