Toyota, the world’s largest automaker, has signed an agreement with South Korea’s LG Energy Solution to supply lithium-ion batteries for its electric vehicles that will be assembled in the U.S. The deal will support Toyota’s ambitious plan to offer 30 battery-electric vehicle models across its Toyota and Lexus brands and produce up to 3.5 million…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
British car sales up 20% in September 2023, but electric vehicles lag behind
The latest data from the Society of Motor Manufacturers and Traders (SMMT) showed that new car registrations in Britain increased by about 20% in September compared to the same month last year. The growth was mainly driven by fleet buyers, while private consumers remained cautious. The data also revealed that battery-electric vehicles (BEVs) saw an…
Essar Oil UK secures $150 million financing for working capital and low-carbon refinery project
Essar Oil UK Ltd. (EOUK), a subsidiary of Essar Energy Transition (EET), has secured $150 million in financing from Hamburg Commercial Bank AG and Mizrahi Tefahot Bank Ltd. for working capital and general expenses. The financing will help EOUK strengthen its customer relationships, increase its sales volumes and optimize its longer term financing strategy. EOUK…
MERGE acquires Zee Jay Digital to boost content supply chain management
MERGE, a company that combines storytelling and technology to promote health, wealth and happiness, has announced the acquisition of Zee Jay Digital, a leading Adobe Workfront platform partner. The deal will enhance MERGE’s Adobe platform capabilities and enable it to manage content supply chains more effectively for its clients. Zee Jay Digital is a US-based…
Google launches Pixel 8 Smartphones and Smartwatch with AI features
Google launched its new Pixel 8 smartphones and Google Watch 2 on Wednesday, both of which feature integrated AI technology. The Pixel 8 smartphones are powered by Google’s latest mobile processor, Tensor G3, which has more AI and machine learning capabilities. This enables users to crunch more data on the device itself and in the…
Apple releases iOS update to fix heat issue in new iPhone 15 models
On Wednesday, Apple rolled out iOS 17.0.3, which includes a fix for a problem that made the new iPhone 15 models heat up. The software update notes say that it “provides important bug fixes, security updates, and addresses an issue that may cause iPhone to run warmer than expected.” Apple acknowledged earlier this week that…
Canva Unveils AI-Powered Design Tools to Take on Adobe
Canva, the Australian design software company, has unveiled a suite of artificial intelligence-powered tools to take on competitors including Adobe. One of the key distinctions of Canva’s new tools is the ability to instantly convert designs from one format to another with a click. For example, users can turn a presentation into a summary or…
Imperial spinout secures £3.5m investment for nanoparticle analysis
SPARTA Biodiscovery, a company that develops novel methods to analyse nanoparticles for advanced medicines, has received a £3.5 million seed investment from Sartorius, a leading provider of laboratory and bioprocessing solutions. The investment will help SPARTA deploy its system in various commercial settings and accelerate its product launch. SPARTA was founded by Imperial researchers and…
Ripple gets full license to offer crypto payment services in Singapore
Ripple, a company that deals with cryptocurrency, announced on Wednesday that it has secured a full license as a major payments institution in Singapore. This is a strategic move to expand its business in the Asia-Pacific region. The company had received an initial approval in principle from the Monetary Authority of Singapore in June, and…
Teledyne Technologies to acquire Xena Networks, a leader in terabit ethernet test solutions
Teledyne Technologies Incorporated (NYSE:TDY), a leading provider of instrumentation, digital imaging, aerospace and defense electronics, and engineered systems, announced today that it has entered into an agreement to acquire Xena Networks ApS, a leading provider of high-speed Terabit Ethernet validation, quality assurance, and production test solutions. The acquisition will further strengthen Teledyne’s position in the…
Oaktree acquires Consolidated Chassis Management and launches new chassis pool
Oaktree Capital Management, L.P., a private equity firm, has announced the acquisition of Consolidated Chassis Management LLC (CCM), a leading manager of marine chassis pools in the U.S. CCM was previously owned by the Ocean Carrier Equipment Management Association, Inc. (OCEMA), an association of 10 major international container shipping companies. Terms of the transaction were…
Atwell acquires Summit Engineering Group and expands into Utah
Atwell, LLC, a national consulting, engineering, and construction services firm, has announced the acquisition of Summit Engineering Group, a civil engineering and land surveying firm headquartered in Heber City, Utah. This is Atwell’s first permanent office in Utah and its eighth acquisition over the past year. Terms of the transaction were not disclosed. Summit was…