RIYADH/SYDNEY: NOVONIX Limited has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region. The joint venture, which has been in discussion since 2021, is intended to utilize NOVONIX’s leading battery technology and…
Primark increases pay rates for its stores staff across UK
Primark, an Irish multinational fast fashion retailer with stores across Europe and in the United States, will raise the hourly pay rates for all its hourly paid store staff across England, Scotland, and Wales to £11 an hour, while in London, the rate will rise to £11.51. This increase represents a 12% rise compared to…
Britain buses and coaches must show audible and visual displays of their route and direction
LONDON, UK: The Department for Transport (DfT) has introduced new rules across Britain. All local buses or coach service are required to provide audible announcements and visual displays identifying the route and direction, each upcoming stop, and the beginning of any diversions. The Government has provided £4.65 million in funding for the smallest bus and…
Toyota Motor’s global sales rose 10.5 percent to 856,376 units in February 2023
Toyota Motor Corp. reported 1.4 percent higher global output in February 2023. The Japanese automaker produced 896,712 vehicles last month. Global sales, including Daihatsu Motor Co. and Hino Motors Ltd., rose 10.5 percent to 856,376 units, the company said in a statement Thursday. Domestic sales and production rose year-on-year for the second month in a…
Ford raises prices on the popular truck, electric F-150 Lightning
Ford Motor has increased prices of its electric F-150 Lightning pickup. The standard-range Lightning Pro, a lower-cost version of the truck optimized for fleet use, will now start at just under $60,000, not including shipping. That’s roughly 50% higher than the Lightning Pro’s original starting price at launch last spring. Ford noted that the 2023…
How to Choose the Right Property for Your Investment Portfolio
One of the best financial investments that anyone can make is real estate, which has long been praised for its ability to build wealth over the long term. However, many novice investors have had their fingers burned due to a lack of due diligence and a hasty entry into the industry. Fortunately, with some knowledge,…
Saint-Gobain to sell Switzerland business, Glassolutions to AEQUITA
LONDON, UK: Saint-Gobain has signed a binding agreement for the sale of its glass processing business Glassolutions in Switzerland to the privately-owned German group AEQUITA. The business generated sales of around €25 million in 2022 and employs approximately 70 people at its production site in Kreuzlingen. This transaction, expected to close by the end of…
Apple has introduced Apple Pay Later
Apple has introduced Apple Pay Later, which will allow users to split purchases into four payments spread over the course of six weeks. Apple Pay Later users will be able to manage, track and repay their loans in their Apple Wallet, the company said in a release. Individuals can apply for Apple Pay Later loans…
Private jet flights in Europe last year rose 64% to 572,806 flights last year
The number of private jet flights in Europe last year rose by a whopping 64% to reach a record high of 572,806, according to Greenpeace. More than half (55%) of the private jet flights in Europe last year were ultra-short journeys below 750 kilometers (466 miles), Greenpeace said, noting that these were trips that could…
Allfunds Tech Solutions announces new partnership with UniCredit
MADRID: Allfunds Tech Solutions Thursday announced a new partnership with UniCredit, the pan-European commercial bank. The partnership will leverage Allfunds digital capabilities to facilitate UniCredit’s transformation programme to further streamline its systems that support market and content data providers to the creation of a multi-asset platform to service UniCredit’s client base. Allfunds Tech Solutions will…
Scandinavian construction markets to slow down by 6% this year
OSLO, NORWAY: The construction industry in Scandinavia is experiencing a significant slowdown, with several factors contributing to the decline. One of the main reasons for the slowdown is the economic downturn, which has led to a reduction in demand for construction projects as individuals and businesses cut back on spending. Veidekke anticipates a reversal of…
Inin Group AS to acquire a 70 percent ownership in TW Gruppen AS
OSLO, NORWAY: Inin Group AS has signed a term sheet to acquire a 70 percent ownership in TW Gruppen AS, a leading specialist within environmentally friendly mass handling, transport and recycling. With this acquisition, Inin Group establishes mass handling and recycling as its fourth investment platform. Inin Group is an industrial owner that invests into…