HONG KONG and SHANGHAI, Aug. 6, 2024 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (“Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318) is 53rd on the Fortune 500 list for 2024. With revenue of USD14.58 billion, the Group ranked 9th among global financial enterprises and 5th among Chinese… Continue reading Ping An Ranked in the Fortune Global 500 for the 15th Consecutive Year
Tag: M and A
IndianOil cancels green hydrogen tender again
Industry sources said IOCL cancelled the tender after it received only two bids, one being from its joint venture partner, GH4 India. For the third time in a row, state-run Indian Oil Corporation (IOCL) has scrapped the tender to build the country’s first green hydrogen plant at its Panipat refinery in Haryana. The tender was… Continue reading IndianOil cancels green hydrogen tender again
DENSO Signs Manufacturing License Agreement for SOEC Cell Stacks with Ceres Power Holdings of the UK
DENSO Corporation today announced that it has signed a manufacturing license agreement with Ceres Power Holdings (CWR.L), a leading developer of solid oxide cell stack technology. DENSO aims to advance the early practical application of Solid Oxide Electrolysis Cells (SOECs)*1 that produce hydrogen through water electrolysis. Cell stacks are one of the components of SOECs,… Continue reading DENSO Signs Manufacturing License Agreement for SOEC Cell Stacks with Ceres Power Holdings of the UK
@BMW: Advanced, luxurious and for the first time available with an extended wheelbase: The new BMW X3 – exclusively from China for China.003605
Munich. BMW is adding another Sports Activity Vehicle (SAV) to its range of models developed exclusively for the Chinese automotive market. The new version of the BMW X3, built in China for China, features an extended wheelbase for the first time, offering more legroom and a particularly comfortable driving experience in the rear. The luxurious… Continue reading @BMW: Advanced, luxurious and for the first time available with an extended wheelbase: The new BMW X3 – exclusively from China for China.003605
The Adecco Group: Q2 2024 Ergebnisse
Weitere Marktanteilsgewinne und diszipliniertes Kostenmanagement; G&A-Einsparungen über Plan ZURICH, 6. August 2024 /PRNewswire/ — Umsatz -2% yoy in herausfordernden Märkten; relatives Umsatzwachstum der Gruppe +375 Basispunkte und Adecco GBU +220 Basispunkte Umsatz nach GBU, Adecco -2% yoy, Akkodis -2% yoy, LHH -7% yoy Robuste Bruttomarge von 19,4%, -70 Basispunkte im Vergleich zum Vorjahr, spiegelt den… Continue reading The Adecco Group: Q2 2024 Ergebnisse
Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker’s shares jumped about 6% in extended trading after closing down 3.9% in the regular session. The deal comes just… Continue reading Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
Nvidia Caught Stealing Mind-Boggling Quantity of YouTube Videos to Train AI
“A video data factory that can yield a human lifetime visual experience worth of training data per day.” Leaked documents obtained by 404 Media reveal that AI-powering chip giant Nvidia has been quietly scraping astronomical numbers of YouTube video data to train its AI models — a legally and ethically murky decision that adds to… Continue reading Nvidia Caught Stealing Mind-Boggling Quantity of YouTube Videos to Train AI
OBiO Technology Congratulates on The First Clinical Gene Editing Therapy to Treat An Overseas Patient in China by CorrectSequence Therapeutics
SHANGHAI, Aug. 5, 2024 /PRNewswire/ — Recently, CorrectSequence Therapeutics Co., Ltd. (Correctseq) announced a significant milestone in their base editing therapy CS-101 for transfusion-dependent β-thalassemia. Utilizing their pioneering transformer Base Editor (tBE), Correctseq has successfully cured the first overseas patient with transfusion-dependent β-thalassemia in a clinical trial in collaboration with the First Affiliated Hospital of… Continue reading OBiO Technology Congratulates on The First Clinical Gene Editing Therapy to Treat An Overseas Patient in China by CorrectSequence Therapeutics
X is reportedly closing its San Francisco office
X will soon close its longtime San Francisco office and move employees to offices elsewhere in the Bay Area, according to an email from CEO Linda Yaccarino reported by The New York Times. Yaccarino’s note to employees comes several weeks after Elon Musk threatened to move X’s headquarters out of California and into Austin, Texas.… Continue reading X is reportedly closing its San Francisco office
SunPower Announces Stalking Horse Asset Purchase Agreement with Complete Solaria to Sell Blue Raven Solar, New Homes, and its Non-Installing Dealer Network
Files voluntary Chapter 11 petitions to effectuate the proposed transaction Intends to operate Blue Raven Solar and New Homes through the Chapter 11 process Pursues value-maximizing sale transactions for remaining assets RICHMOND, Calif., Aug. 5, 2024 /PRNewswire/ — SunPower Corp. (NASDAQ:SPWR), (the “Company” or “SunPower”), a leading residential solar technology and energy services provider, today… Continue reading SunPower Announces Stalking Horse Asset Purchase Agreement with Complete Solaria to Sell Blue Raven Solar, New Homes, and its Non-Installing Dealer Network