Huawei Technologies is teaming up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded electric vehicles, “Huawei, which has already a partnership with Seres Group to make Aito cars, plans a series of…
KARACHI: Consumer price inflation in Pakistan surged to a record 35.37% in March 2023 compared with the corresponding month last earlier, the Bureau of Statistics said on Saturday. March inflation number eclipsed February’s 31.5%, the bureau said, as food, beverage…
Tesla has issued a voluntary recall on its Semi trucks as the electronic parking brake valve module found to contain a defect, according to recall filings posted on the website of the National Highway Traffic Safety Administration. As many as,…
KARACHI: Economic and political issues affected Pakistan bourse in 1Q2023. As a result Pakistan Stock Exchange (PSX) benchmark KSE Index fell 1% in 1Q2023. With PKR falling 20% against USD, the Index was down 21% in USD terms which is…
PARIS, FRANCE: Sartorius Stedim Biotech, a leading international partner of the biopharmaceutical industry, has signed an agreement to acquire Polyplus for approximately 2.4 billion euros from private investors, including ARCHIMED and WP GG Holdings IV B.V., an affiliate of Warburg…
AMSTERDAM: ArcelorMittal signed a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) to strengthen their partnership in steelmaking and decarbonisation. The signing of the MOU between ArcelorMittal and JBIC builds on their existing business relationship, which…
OSLO, NORWAY: Elkem ASA has decided to partially curtail its production in Norway by temporarily shutting down two furnaces – one in Thamshavn and one in Rana. The decision will have no impact on customers or employees. “We have decided…
LONDON, UK: Inchcape plc, the leading global automotive distributor, announced an agreement to acquire Mercedes-Benz’s Indonesian business with Inchcape’s local partner, Indomobil. The business has been operated by Mercedes-Benz since 1970, and includes both distribution and assembly operations. The deal…
DUBLIN/LONDON: Origin Enterprises plc, the international Agronomy-Services group, announced the acquisition of Neo Environmental Limited (Neo). Neo is a multi-disciplinary consultancy business that provides market-leading planning, environmental and technical advice to a range of clients, primarily in the energy and…
Virgin Orbit is ceasing operations after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company will lay off nearly all of its workforce. The company will eliminate all but 100…
SAN LUIS OBISPO, CALIFORNIA: Global semiconductor technology and equipment firm, Revasum Inc. (ASX: RVS) announced the sale of a second 7AF-HMG grinder to Halo Industries, a leading silicon carbide substrate manufacturing technology customer in Santa Clara, CA. This latest sale…
SYDNEY, AUSTRALIA: Boss Energy Limited (ASX: BOE) notified that a highly experienced uranium executive Wyatt Buck has been appointed Non-executive Chair, effective immediately. Wyatt Buck, who has been a Non-executive Director of Boss since October 2020, has extensive experience across…