Duncan Wanblad Appointed the CEO of Anglo American

Global mining company and world’s largest producer of platinum Anglo American Plc. (LON: AAL) has appointed Duncan Wanblad as its new chief executive officer to replace outgoing chief executive Mark Cutifani, who is set to leave the company next year April having worked for the company for almost 10 years. Around two years ago, Wanblad […]

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 […]

Logitech Reports Increased Second Quarter Sales

Swiss-American software developer and manufacturer of computer peripheral devices Logitech International SA (SWX: LOGN) reported its results for the second quarter of the year in which the company recorded increased sales of computer peripherals. The company believes that a shift to working from home and remote learning during the pandemic period is partly responsible for […]

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 […]

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 […]

Abu Dhabi Investment Authority Investing $400M in Tech Company GoTo

Abu Dhabi wealth fund, Abu Dhabi Investment Authority (ADIA) has revealed that it will be pumping in an investment of $400 million into Indonesia based technology company GoTo. This investment will be in form of a pre-initial public offering (IPO) financing exercise by the company. GoTo enjoys the backing of high ranking investors like leading […]

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. […]

Apple Employee Claims to Have Been Dismissed After Leading Movement Against Harassment

Janneke Parrish, a female worker from leading tech giant Apple Inc. (AAPL) is accusing the IPhone manufacturer of having fired her after she led a movement against harassment and discrimination at the company. Parrish is a program manager in Apple and she made this revelation late last week revealing that she was dismissed for deleting […]

Reliance Industries Acquires REC Solar in a Deal Worth $771 Million

India based multinational company with investments in telecommunications, petroleum, retail, textile, mass media and natural gas Reliance Industries Ltd. (NSE: RELI) has purchased REC Solar in a deal worth $771 million. China National Bluestar Co Ltd is the former owner of REC Solar. Back in June, Reliance announced that it will be pumping in an […]