Q3 2023 was a sluggish quarter for crypto startup fundraising as the number of venture deals and capital raised recorded their steepest fall since Q4 2020, according to crypto intelligence firm Messari. The quarter saw a total of 297 crypto firms and projects raising just under $2.1 billion, a 36% drop in terms of both… Continue reading Crypto startup funding slides to record low in Q3: Messari report
Tag: Financial Results
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the… Continue reading Citigroup to sell China consumer wealth business to HSBC
Kamux expands to a larger premises in Porvoo
ESPOO, Finland, Oct. 6, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its strategy and expands its showroom in Porvoo. The showroom will double in size during November 2023, when it will take over the former Sotka premises next door. The renovated showroom will accommodate app. 200 cars. “The larger… Continue reading Kamux expands to a larger premises in Porvoo
PUC eagle eye: Cams at pumps to track vehicles
The four pumps that were part of the pilot run are near Yamuna Vihar, Model Town and near North Delhi. New Delhi: The transport department will soon track and penalise vehicles with no pollution under control (PUC) certificates by putting up cameras in 25 petrol pumps that will capture a vehicle’s number plate that will… Continue reading PUC eagle eye: Cams at pumps to track vehicles
VinFast explores Ford Chennai factory as part of its India entry plans
As part of its globalisation strategy, Vietnamese electric vehicle manufacturer VinFast, is exploring the Ford India factory in Chennai amongst the multiple alternatives it is studying to set up an India manufacturing base. The acquisition of Ford India’s factory in Chennai is among many greenfield alternatives being explored by Vinfast in the country. Sources in the know say… Continue reading VinFast explores Ford Chennai factory as part of its India entry plans
VinFast explores Ford Chennai factory as part of its India entry plans
As part of its globalisation strategy, Vietnamese electric vehicle manufacturer VinFast, is exploring the Ford India factory in Chennai amongst the multiple alternatives it is studying to set up an India manufacturing base. The acquisition of Ford India’s factory in Chennai is among many greenfield alternatives being explored by Vinfast in the country. Sources in the know say… Continue reading VinFast explores Ford Chennai factory as part of its India entry plans
Kamux expands to a larger premises in Porvoo
ESPOO, Finland, Oct. 6, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its strategy and expands its showroom in Porvoo. The showroom will double in size during November 2023, when it will take over the former Sotka premises next door. The renovated showroom will accommodate app. 200 cars. “The larger… Continue reading Kamux expands to a larger premises in Porvoo
U.A.W. Expands Strikes at Ford and G.M.
The United Automobile Workers union increased the pressure on Ford Motor and General Motors by extending its strike to two more car assembly plants on Friday, saying the companies had not moved far enough to meet its demands for higher pay and benefits. The move is the second escalation of strikes that started on Sept.… Continue reading U.A.W. Expands Strikes at Ford and G.M.
U.A.W. Widens Strikes at G.M. and Stellantis, but Cites Progress in Ford Talks
The United Automobile Workers union on Friday significantly raised the pressure on General Motors and Stellantis, the parent of Jeep and Ram, by expanding its strike against the companies to include all the spare-parts distribution centers of the two companies. By widening the strike to the distribution centers, which supply parts to dealerships for repairs,… Continue reading U.A.W. Widens Strikes at G.M. and Stellantis, but Cites Progress in Ford Talks
Battle Over Electric Vehicles Is Central to Auto Strike
A battle between Detroit carmakers and the United Auto Workers union, which escalated on Friday with targeted strikes in three locations, is unfolding amid a once-in-a-century technological upheaval that poses huge risks for both the companies and the union. The strike has come as the traditional automakers invest billions to develop electric vehicles while still… Continue reading Battle Over Electric Vehicles Is Central to Auto Strike