Otoki to invest $40 million in strengthening U.S. presence
Otoki, the major South Korean food manufacturer formerly known as Ottogi, announced a significant investment of 56.5 billion won (approximately $40 million) into its U.S. [more…]
Category: Business
Tesla sales slide in China amid rise of cheaper, high-tech local rivals
Tesla’s deliveries in China dropped sharply in April 2025, with its Shanghai Gigafactory handing over 58,459 Model 3 and Model Y vehicles-a 25.8% decline from [more…]
Pirelli initiates steps to reduce Chinese stakeholder power
Pirelli, the renowned Italian tire manufacturer, is on the verge of a significant shift in its ownership structure as it prepares to end the controlling [more…]
Port giants CK Hutchison, PSA look to sell stakes
CK Hutchison Holdings, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, is advancing plans to divest its global ports business in a landmark transaction. [more…]
French giant L’Oréal cuts jobs in China
L’Oréal, the world’s largest cosmetics company, is preparing for significant layoffs in its China operations, particularly targeting its travel retail division. Reports indicate that up [more…]
Singapore’s Keppel draws $1.5 billion for fund expansion
Keppel Ltd., a leading Singapore-based asset manager and operator, has announced it has secured nearly S$2 billion (US$1.53 billion) in capital commitments from global institutional [more…]
FotoNation and CameraMatics raise €6M for AI car crash prevention
Ireland is fast becoming a global hub for automotive safety technology, with two Galway-based innovators—FotoNation and CameraMatics—driving advancements in AI-powered sensors designed to prevent car [more…]
Sony raises PS5 prices in select markets amid economic pressures
In a move that’s sure to rattle gamers’ wallets, Sony announced over the weekend that it will raise prices on certain PlayStation 5 consoles starting [more…]
Scania acquires Northvolt’s industrial division amid bankruptcy
In a significant development for Europe’s electrification landscape, Volkswagen’s truck-manufacturing subsidiary, Scania, has acquired the industrial division of Northvolt, a Swedish battery maker that recently [more…]
LS Cable secures $140M deal in Singapore’s green energy push
In a significant stride toward expanding its global footprint, LS Cable & System has landed a major contract valued at approximately 200 billion won from [more…]
