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German Labor Union Movement Lobbying for Strikes at 7 Amazon Sites in Germany

Verdi, a German labor union movement is calling for employees working in seven Amazon Inc. (AMZN) sites in the country to go on strike following a pay dispute with the leading online retailer. Verdi is calling for the workers to go on strike for the first two days of the month. “The strikes are planned […]

GameStop’s COO Resigns Barely 7 Months After Assuming the Office

Jenna Owens, the chief operating officer at video game developer and consumer electronics manufacturer GameStop Corp. (GME) has left the company barely 7 months after the company poached her from leading online retailer Amazon Inc. (AMZN). Owens joined GameStop back in March and her departure goes down as the first of a top executive at […]

Hyundai Falls Short of Q3 Profit Estimates

South Korea based manufacturer of automotive Hyundai Motor Co. (KRX: 005380) reported its results for the third quarter of the year in which it fell short on what analysts’ were expecting from the company in the quarter. In the third quarter ended September 30, the company reported a net profit of $1.10 billion (1.3 trillion […]

Panasonic Launches Prototype Battery For Tesla With Five Times More Storage Capacity

Japan based company dealing in development of diverse electronics technologies and production of consumer electronics Panasonic Corp. (TYO: 6752) has unveiled a prototype car battery for United States leading electric vehicle manufacturer Tesla Inc. (TSLA). The company’s battery division head, Kazuo Tadanobu, says that the new prototype battery has five times higher storage capacity than […]

Solar Car Company Sono Motors Files For United States IPO

German based manufacturer of electric vehicles which charges the car battery using integrated solar cells Sono Motors has filed for a United States initial public offering (IPO). The company made this filing late last weeks as it seeks to tap into investor demand and the global push for a paradigm shift to greener means of […]

Volvo Surpasses Analysts’ Estimates in Q3 Results

Sweden based manufacturer buses and construction equipment AB Volvo Group (STO: VOLV-B) announced its results for the third quarter of the year in which it beat what analysts were expecting for the company despite the global chip shortage which has greatly affected the automotive industry across the world. In the third quarter, the company generated […]

Delivery Hero Acquires Minority Stake in Grocery Delivery Firm Gorillas

Berlin based online food-delivery company Delivery Hero SE (ETR: DHER) announced having invested a minority stake of $235 million in fellow Berlin based grocery delivery company Gorillas. This deal comes at a time when companies are striving hard to dominate the rapid growing delivery service sector. This deal means that Delivery Hero now owns 8% […]

Skoda Auto Suspends Production for Two Weeks Citing Chip Shortage

Volkswagen AG (VOWG) owned auto manufacturer Skoda Auto announced that it will be suspending production activities for two weeks due to the global chip shortage which has been affecting the operations of car makers across the world. The company says that during the two week production suspension period, it will be completing 10,000 unfinished vehicles. […]

Consumer Technology Company Nothing Raises $50 Million From Latest Financing Round

London based consumer technology company Nothing says it raised $50 million from its latest funding round in which strategic and private investors took part in. The company further announced having entered into a partnership with leading American chip manufacturer Qualcomm Inc. (QCOM). Back in August, Nothing launched a transparent earbud which comes with active noise […]

Ant Group Scales Up its Registered Capital by 47% to $5.4 Billion

China based provider of innovative technology focusing at providing the world with green, inclusive and sustainable services Ant Group announced having ramped up its registered capital by 47% to $5.44 billion up from $3.7 billion. The company says that the additional registered capital came from capitalization of its capital reserve and that it didn’t engage […]