TikTok announced on Tuesday that it has launched its e-commerce platform in the United States, following months of testing, as its Chinese-owner ByteDance seeks to leverage the social media app’s popularity. TikTok users in the U.S., who number more than 150 million, can now access videos and live streams with links to buy products on…
HMD Global, the company behind Nokia phones, to launch its own brand of devices
HMD Global, the Finnish company that owns the rights to use the Nokia brand on mobile devices, has announced that it will be launching its own line of smartphones and tablets under a new HMD brand. The move is part of the company’s vision to create a more sustainable and affordable future for telecommunications. The…
Optera raises $12M to help big companies track and reduce their emissions
Optera, a US company that helps big firms measure and report their emissions, has secured $12 million in Series A funding. The Colorado-based startup, which started as a consultancy in 2006 and switched to software in 2016, specializes in Scope 3 emissions that lie in a company’s value chain. According to Optera’s CEO Tim Weiss,…
TSMC to invest in Arm’s IPO and buy stake in nanotech firm from Intel
Arm Holdings Plc, a leading chip design company, will receive up to $100 million from TSMC, the world’s biggest contract chipmaker, as part of its IPO, TSMC announced on Tuesday. TSMC also said it agreed to buy 10% of IMS Nanofabrication Global, LLC, a nanotechnology company, from Intel Corp (INTC.O) for up to $432.8 million….
Camping World, the World’s Largest RV Dealer, to Acquire Edmundson RV in Indiana
Camping World Holdings, Inc. (NYSE: CWH) announced today that it will buy Edmundson RV, a Forest River exclusive dealer in Edinburgh, Indiana. The deal is expected to close in the first quarter of 2024 and will add 34 service bays and 18 acres to Camping World’s network of RV sales and service locations. This will…
Wilko to vanish from high street as rescue bid fails
The UK retail chain Wilko is facing closure after the collapse of a rescue bid by HMV owner Doug Putman, leaving more than 12,000 jobs and 400 stores at risk. Mr Putman had been in talks with administrators PwC to take over 300 Wilko stores, but the deal fell through due to rising costs and…
UK’s leading retailers to fund police operation to tackle shoplifting epidemic
John Lewis boss says shoplifting has become an ‘epidemic’ Shoplifting has become an “epidemic” in the UK, with incidents not always investigated by police, according to the boss of John Lewis. Dame Sharon White, chairwoman of the John Lewis Partnership, said shop workers are facing “abuse and attacks” from thieves. She is among 10 of…
Apple may discontinue iPhone 13 Mini after Wonderlust Event
Apple is set to unveil the iPhone 15 series at its Wonderlust event on September 12, along with other exciting devices such as the Apple Watch Series 9. However, this also means that some older models will be discontinued, including the iPhone 13 mini. The iPhone 13 mini, which was launched last year as a…
UK wage growth matches inflation for first time in two years
UK workers have seen their real wages stay flat for the first time since October 2021, as pay growth matched inflation at 7.8% in the three months to July, according to official figures. The Office for National Statistics (ONS) said average regular weekly earnings growth remained at a record high, while total pay including bonuses…
Vmoto Soco France (VSF) to acquire its exclusive French distributor, Mujoo France
SYDNEY, AUSTRALIA: Vmoto Limited’s wholly owned subsidiary, Vmoto Soco France sas (VSF), has agreed with the administrator to acquire the business and certain assets of its exclusive French distributor, Mujoo France for total cash consideration of approximately €195k (A$325k). The final sale and purchase agreement is expected to be completed in October 2023. The acquisition…
GlobalFoundries opens new $4 billion fab in Singapore as part of global expansion
A new semiconductor fabrication plant worth $4 billion was launched in Singapore on Tuesday by GlobalFoundries, the U.S chipmaker that ranks third in the world in contract chipmaking. The new facility, which covers 23,000 square meters (248,000 square feet), will have a production capacity of 450,000 300 millimetre wafers a year when it reaches full…
Kunze-Concewitz to step down as Campari CEO in April, Fantacchiotti to take over
After 16 years of leading beverage maker Davide Campari-Milano NV, Chief Executive Officer Bob Kunze-Concewitz has announced his retirement, which will take effect in April next year. The company has appointed Matteo Fantacchiotti, the managing director for the Asia-Pacific region, as the deputy CEO starting from now. He will work closely with Kunze-Concewitz to ensure…