International Companies
Hyundai completes acquisition of Boston Dynamics
Hyundai announced on Monday morning that it had completed a deal to acquire robotics company Boston Dynamics.
Moderna to ramp up Covid-19 vaccine production
US biotech Moderna is to ramp up production of its Covid-19 vaccine, it was reported on Monday.
IKEA, Rockefeller foundations to invest $1bn in renewable energy programs
The IKEA Foundation and the Rockefeller Foundation said on Monday they plan to set up a $1bn fund to support renewable energy programs in developing nations.
CNH Industrial to buy Raven Industries in $2.1bn deal
Italian-American vehicle maker CNH Industrial said on Monday that it has agreed to buy US precision agriculture company Raven Industries in a $2. 1bn deal.
Ackman SPAC to buy 10% of Vivendi's Universal
Hedge fund billionaire Bill Ackman’s Pershing Square has agreed to buy a 10% stake in Vivendi’s Universal Music Group for $4bn.
St Louis Fed president sees interest rate hikes from late 2022
A key Fed figure sees interest rate increases kicking off in the United States in late 2022, it was revealed on Friday, as the cadence of inflation increased faster than expected.
European start-up investment tops $60bn in first half of 2021
European start-ups raised €43. 8bn in investment in the first six months of 2021, breaking the record of €38. 5bn invested in all of 2020.
Adevinta, eBay secure regulatory approval for $13bn advertising tie-up
US ecommerce group eBay and Norway’s Adevinta have secured regulatory approval for a tie-up of their global classified ads businesses.
Sitel to buy Sykes Enterprises in $2.2bn deal
Sykes Enterprises has agreed to be bought by Sitel Group in a $2. 2bn deal.
EU citizens seeking employment in UK down 36% since Brexit
The number of EU citizens searching for employment in the UK has fallen by over a third since Brexit.
Baidu to build 1,000 robotaxis in three years
Baidu has partnered with BAIC Group to build 1,000 driverless cars over the next 3 years in a push to commercialize a robotaxi service across China.
Waymo announces $2.5bn investment round
Alphabet owned Waymo announced a $2. 5bn investment round Wednesday, which will go toward advancing its autonomous driving technology and growing its team.
GM to raise spending on EVs by almost one third
General Motors announced on Wednesday that it would increase spending on electric vehicles to $35bn by 2025, a 30% increase on the plans announced in 2020.
Lincoln expects half of its car sales to be all-electric models by 2026
Ford Motor’s luxury carmaker brand Lincoln, expects at least 50% of its sales to come from all-electric cars by 2026.
Citi sees Q2 trading revenues falling by a third
Citigroup's trading revenues could drop by nearly a third during the second quarter as the pandemic-fuelled boom loses steam.
Volvo aims to build cars with fossil-free steel by 2026
Swedish steelmaker SSAB said on Wednesday it had agreed with Volvo Cars to start a joint-venture to explore the development of fossil-free steel to use in the automotive industry.
Kia, Uber partner to offer European drivers discounts on EVs
Uber and Kia Europe have partnered to offer drivers in 20 European markets deals when buying, leasing, financing or renting Kia’s EVs.
Cruise secures $5bn credit line to launch self-driving robotaxis project
Cruise, a majority-owned subsidiary of General Motors, has secured a new $5bn line of credit as it prepares to commercialization its autonomous ride-hailing business.
IKEA fined $1.2m for spying on French workers
A French court on Tuesday fined IKEA $1. 2m after it found that it had been spying on its French staff by improperly gathering and storing their data.
Jaguar Land Rover to develop hydrogen fuel cell Defender SUV
Jaguar Land Rover is developing a hydrogen fuel cell vehicle based on the new Defender SUV and plans to begin testing the prototype in 2022.