Two heavyweights, Japan’s Nidec and New York-based KPS Capital Partners, are locked in a high-stakes competition to acquire Siemens AG’s Innomotics large motors business. The [more…]
Chinese electric vehicle (EV) manufacturer Xpeng is gearing up for its global expansion with the announcement of its first right-hand drive model, set to launch [more…]
In a move that could reshape Germany’s energy landscape, The Netherlands is on the brink of finalizing a deal to sell TenneT Holding’s power grid [more…]
In a move that could disrupt travel plans for thousands, Lufthansa’s cabin crew union has announced a strike at Lufthansa and short-haul carrier CityLine. The [more…]
Toyota, the renowned Japanese automaker, has announced a substantial $2.2 billion investment for the coming years in Brazil, as confirmed by the country’s vice-president. This [more…]
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, is gearing up for a significant expansion with plans to recruit 6,000 new employees in [more…]
In a move amidst China’s deepening property sector crisis, Deutsche Bank is reportedly preparing to launch a liquidation lawsuit against Shanghai-based developer Shimao Group in [more…]
In a turn of events reflecting the volatile nature of the European property market, two of Sweden’s leading property companies found themselves grappling with substantial [more…]
Fast Retailing, the company behind the Uniqlo brand, is setting its sights on expanding the presence of its GU brand in the United States and [more…]
BASF, the German chemicals giant, is tightening its belt once again, announcing plans to slash an additional 1 billion euros in annual costs at its [more…]
