Tesla has extended its global discount campaign, which it began in China in January, to Europe, Israel and Singapore, with the aim of boosting demand. However, the move has raised concerns about the company’s high profit margin. Despite offering discounts in several countries, Tesla’s Q1 deliveries rose by just 4% from the previous quarter, prompting…
Ripple launches Liquidity Hub to provide businesses with easy access to crypto liquidity
Ripple, a blockchain technology firm, has unveiled its latest product, the Ripple Liquidity Hub, to assist businesses with their cryptocurrency liquidity requirements. According to the company, the new system is available to help companies manage their cryptocurrency liquidity needs easily and efficiently. The firm launched the system as a pilot in 2022 and has now…
LHP add £30m ESG-linked RCF funding to portfolio
LONDON, UK: Lincolnshire based housing association LHP, who owns and manages over 12,000 homes, has arranged a £30m 7-year RCF with Danske Bank. The facility also includes a 15-year term option, providing further flexibility. The new facility, as well as maintaining LHP’s strong liquidity levels, supported the removal of restrictive covenants within LHP’s portfolio, further…
Ford’s BlueCruise technology approved in the UK for hands-free driving on motorways
Ford Motor has received approval for its BlueCruise technology in the UK, which will allow drivers to legally take their hands off the wheel while driving on certain motorways. The “hands-off, eyes-on” technology is designed to control steering, acceleration and braking while ensuring that the driver remains alert. However, it is important to note that…
Boeing warns of reduced 737 Max deliveries due to an issue with supplier Spirit AeroSystems
Boeing has issued a warning that it will likely have to reduce deliveries of its 737 Max airplane in the near term due to an issue with a part made by one of its suppliers, Spirit AeroSystems. The company revealed that its supplier had informed them that a “non-standard” manufacturing process was used on two…
Protecting Your Home: The Importance of Regular Roof Inspections
Taking a proactive approach to home maintenance is essential to protecting the well-being and value of your largest asset. One of the most crucial, yet often overlooked aspects of safeguarding your home is having regular roof inspections. Over time, harsh weather conditions, as well as everyday wear-and-tear can take their toll on even the highest…
Top Custom Plastics Molding Industry Trends to Watch For
The plastic molding industry is an ever-evolving space that requires businesses to stay abreast of the latest trends and technologies to remain competitive. The field has seen impressive advancements over the past few years, with innovative solutions for customized products emerging almost daily. With so many exciting new opportunities for custom plastic molding available, companies…
Governor Pakistan’s central bank briefs international investors on challenges and way forward
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met with key international investors and fund managers in an event organized by Barclays on April 13th, 2023, in Washington DC. The purpose of the event was to discuss Pakistan’s economic challenges and the way forward. During the meeting, Governor Ahmad outlined the difficulties…
Walmart sells men’s clothing brand Bonobos for $75 million
On Thursday, Walmart announced the sale of men’s clothing brand Bonobos to brand management firm WHP Global and Express for $75 million. This is the second direct-to-consumer brand Walmart has sold this year, following the sale of Moosejaw to Dick’s Sporting Goods in February. Walmart purchased Bonobos in 2017 for $310 million under the leadership…
Elon Musk announces Twitter users can charge for content in bid to rival Substack
Twitter users will soon be able to charge for access to their content, according to a tweet by owner Elon Musk on Thursday. The new feature will allow users to monetize their accounts, offering content ranging from long-form text to hours-long videos. For the first 12 months, Twitter will not take any cut of the…
Fiji Airways to launch direct flights from Canberra to Nadi at promotional fare
Fiji Airways has announced a new promotional fare for flights between Canberra and Nadi International Airport. The promotional fare of $439 is for a return flight and does not include baggage, which would cost $60 extra. Even with baggage, the cost of the return flight from Canberra is cheaper than direct flights to Nadi from…
Atrato Onsite Energy acquires 50MW North Yorkshire solar project
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, announced the acquisition of a ready-to-build 50MW solar project in Richmond, North Yorkshire. The ground mounted project will be constructed under a fully wrapped EPC contract. The Company will invest a total of £38m over a 12-month period to…