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: Business
Nestle pours billions into Brazil for Nescafe’s youthful coffee revolution
Nestle, the Swiss giant known for its Nescafe brand, is set to pour 1 billion reais ($196.5 million) into Brazil’s coffee market by 2026. Their [more…]
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…]
AirAsia launches franchise in Cambodia, promising affordable travel options in recovering aviation market
In a bid to bolster Cambodia’s aviation sector, AirAsia launched its latest franchise in the country on May 2, aiming to revive a market that [more…]
Glencore and PT Chandra near $1 Billion deal for Shell’s Singapore refinery and petrochemical units
In a move set to reshape Singapore’s energy landscape, a consortium led by Glencore and PT Chandra is on the brink of acquiring Shell’s oil [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…]
Gogoro electrifies Taiwan’s scooter market with Jego Smartscooter
In a dazzling display of innovation, Gogoro, the Taiwanese electric scooter manufacturer, has ignited a fervor in the market with its latest offering, the Jego [more…]