Expect Even More Unique Electric Cars Says Ferrari

Italy based manufacturer of luxury sports car Ferrari NV (BIT: RACE) has unveiled its new business plan and promised to produce even more unique electric cars as it wants to preserve its uniqueness as it shifts to electric models. “Everything we do will always focus on being distinctively Ferrari. The opportunity set of electrification and […]

Toyota Investors Want to Know Why it Has Been Slow on Embracing Battery EVs

Investors in leading vehicle manufacturer Toyota Motor Corp. (TYO: 7203) want to know why the company has been slow on embracing battery electric vehicles (BEVs). In its response, the Japanese car maker says it needs to offer a variety of choices to suit different environments and customers. During its annual general meeting, the company’s executives […]

H&M Sales Bounce Back as Shoppers Return Post Pandemic

World’s second largest fashion retailer H&M AB (STO: HM) has reported a larger than expected increase in sales in the three month period from March which signifies a rebound in demand after the pandemic. According to the company, net sales are up 17% year-on-year or 12% when measured in local currencies at 54.5 billion crowns […]

Atos CEO Resigns Following Divisions With the Board Over Strategy

France based information technology service and consulting company Atos SE (EPA: ATO) announced that its chief executive officer, Rodolphe Belmer, has stepped down from his position following deep divisions with the company’s board over strategy. This development comes just before the much waited capital market day that investors hope could restore confidence after a string […]

Messaging App Telegram Set to Launch a Paid Subscription Plan

Popular online messaging platform Telegram will be launching a monthly paid subscription platform for its users. This development was revealed at the close of last week by the platform’s founder, Pavel Durov. According to a blog post by Durov, user who will subscribe to the telegram premium will be getting higher limits for chats, media […]

ABB Delaying IPON of its E-Mobility Business due to Challenging Market Conditions

Robotics and Automation company engaging in robotics, machine automation and digital services ABB Ltd. (NYSE: ABB) is apparently delaying the initial public offering (IPO) of its E-mobility electric vehicles charging business due to current challenging market conditions. This development was announced by the company’s spokesman Daniel Smith on June 6, who said the current market […]

Ant Group Launches Singapore Based Digital Bank ANEXT

China based innovative technology provider in the financial technology sector Ant Group has launched a Singapore based digital bank named ANEXT Bank. The bank incorporated in Singapore was launched on June 6. Ant Group said ANEXT which is its wholly owned subsidiary, received approval from the Monetary Authority of Singapore (MAS) to commence business on […]

Walmart Has Been Working With Some Suppliers to Lower Prices Amid Inflation

U.S based retail company operating a chain of hypermarkets, discounted departmental stores and grocery stores Walmart Inc. (WMT) says that some suppliers have been working with the retailer to lower prices at a time when inflation is on a rapid increase in the country. This was announced by the company’s U.S chief executive officer, John […]

Leading e-Waste Recycler Attero to Spend $1 Billion in Building Additional Plants

India based provider of end-to-end electronics and electrical goods e-recycling company Attero Recycler announced it will be spending $1 billion in the next five years to build additional plants across Indonesia, Ohio and Poland. This development was announced by the company’s co-founder and chief executive officer, Nitin Gupta who said they are aiming at capitalizing […]