Hyundai Mobis powers up EV expansion with new $65.8 million plant in the city of Ulsan
In a move to solidify its position in the electric vehicle (EV) market, Hyundai Mobis Co., South Korea’s premier auto parts maker, announced plans to [more…]
Category: U.S.
China state media rallies behind TikTok in legal battle against US, calls law ‘Suppression’
In a twist of legal maneuvers and geopolitical posturing, Chinese state media outlets have come out in strong support of TikTok and its parent company [more…]
Freeport-McMoRan set to boost copper exports amidst Indonesia export licence extension
In a move to capitalize on soaring copper prices and alleviate smelter shortages, Freeport-McMoRan is gearing up to export up to 900,000 metric tons of [more…]
Lufthansa and ITA Airways submit new proposals to EU Commission in bid to secure stake purchase approval
In a bid to address the European Commission’s regulatory concerns, the Italian government and Lufthansa have submitted new proposals regarding the German airline’s planned acquisition [more…]
Boeing faces new scrutiny over potential quality lapses
In a recent development, federal air-safety regulators have initiated an investigation into Boeing following the disclosure that some inspections on 787 Dreamliners may have been [more…]
Hungarian Bank OTP considering bid for Luminor
In a recent development, Hungarian bank OTP is reportedly eyeing a bid to acquire Luminor, a financial institution operating in the Baltic region. This move [more…]
Johnson & Johnson announces settlement plan for talc lawsuits in the U.S.
In a move to settle nearly all outstanding lawsuits in the United States related to its talc-based products, Johnson & Johnson (J&J) has announced a [more…]
Viking Holdings aims for smooth sailing with $1.33 billion IPO
In a move that reflects renewed confidence in the market, travel firm Viking Holdings announced plans to raise up to $1.33 billion in an upsized [more…]
Boeing stands firm on 787 Dreamliner and 777 safety amid whistleblower allegations
Boeing has been in the spotlight recently after one of its engineers, Sam Salehpour, made allegations of shortcuts being taken to speed up production of [more…]
Trafigura-led consortium in exclusive talks to acquire Exxon Mobil’s Fos-sur-Mer refinery in France
In a strategic move, Rhone Energies, a consortium formed by commodity trader Trafigura and Entara LLC, has entered into exclusive negotiations with Exxon Mobil’s ESSO [more…]