CAI International announces leadership transition

CAI International, Inc. (CAI), one of the world’s leading container lessors, has announced a leadership transition effective from October 1, 2023. Tim Page, who has served as the CEO of…

NNR October 7, 2023

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Exxon close to $60 billion deal for Permian oil producer Pioneer

Exxon Mobilis close to buying Pioneer Natural Resources (PXD.N) in a deal that could be worth about $60 billion, Reuters reported on Thursday. The deal would be Exxon’s largest since…

NNR October 6, 2023

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OpenAI considers making its own AI chips: Reuters

OpenAI, the creator of ChatGPT, is looking into making its own chips for artificial intelligence and has even considered buying a chip company, sources familiar with the company’s plans told…

NNR October 6, 2023

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Tesla cuts prices of Model 3 and Model Y by thousands of dollars in the U.S.

Tesla reduced the prices of its Model 3 and Model Y vehicles in the U.S. by around 2.7% to 4.2%, according to the electric vehicle (EV) maker’s website on Thursday,…

NNR October 6, 2023

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Sutter Hill leads $50M debt financing for Observe, a unified observability cloud startup

Observe, a startup based in San Mateo, has secured $50 million in series A3 debt financing from Sutter Hill Ventures. The company, which was founded by former leaders of Snowflake,…

NNR October 5, 2023

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New £150m fund to boost smaller businesses in Scotland

The British Business Bank has launched a new £150m Investment Fund for Scotland (IFS) to help smaller businesses across the country to prosper and thrive. The IFS is the first…

NNR October 5, 2023

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Toyota partners with LG Energy Solution to boost its electric vehicle production in the U.S.

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.…

NNR October 5, 2023

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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…

NNR October 5, 2023

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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…

NNR October 5, 2023

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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…

NNR October 5, 2023

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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…

NNR October 4, 2023

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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…

NNR October 4, 2023