Breakthrough Energy Catalyst (BEC) will invest in four key areas: green hydrogen, direct air recovery, aviation fuels, and energy storage technology. Speaking to the Financial Times, managing director of BEC Jonah Goldman said that by leveraging innovative financial structures and partnership agreements, the fund will mobilise $15 billion. The fund is part of the Breakthrough […]
Elizabeth Holmes, once the founder and CEO of Theranos, media darling and silicon valley tycoon has suffered an almighty fall from grace. How did it happen?
Luxury automaker Aston Martin has reported an 82% surge in sales to dealers in 2021. The news comes despite the company predicting lower-than-expected annual adjusted core earnings on fewer-than-planned shipments of its Valkyrie sports car in the fourth quarter of the year. On Friday, Aston Martin said it expects annual adjusted core earnings to come […]
Whiteside has given notice of his intention to retire and is set to step down from the board at the close of the company’s Annual General Meeting (AGM) in May 2022. However, he will remain on hand to support the transition process until his notice expires in early January 2023. In the interim period, Currie […]
Samuelsson has been president and CEO of Volvo since October 2012 and previously served on the company board for two years. Prior to his time at Volvo, Samuelsson served as chairman and CEO of the now-defunct vehicle manufacturer MAN SE. “I’m pleased to welcome Jim to his new role to continue the great journey Volvo […]
Bond is set to step down at the end of March after ten years with the European retailer, which owns discount stores under the Pepco, Poundland, and Dealz brands across the continent. Bond, who is also a former chief of supermarket chain Asda, will remain an adviser to the board until the end of the […]
Elon Musk’s electric vehicle company Tesla said it delivered 308,600 electric vehicles in the fourth quarter of 2021, trumping its previous single-quarter record of 241,300 vehicles delivered in the third quarter of 2021. Throughout the entire year, Tesla delivered 936,172 vehicles, an 87% increase from 2020. According to FactSet, Wall Street analysts had expected Tesla […]
The charging concept, located in Nuremberg, Germany, is part of a pilot programme aimed at making life simpler for EV owners living in urban areas, particularly for those who don’t have access to a supercharger at home. “We want to use it to test flexible and premium-oriented quick-charging infrastructure in urban space,” says Ralph Hollmig, […]
On Thursday, Thailand’s Central Group and Austrian real estate firm Signa Group, which already jointly own several major European department stores, said they had sealed a deal on the Selfridges sale. Selfridges has been owned by the billionaire Weston family for almost two decades after the Canadian wing of the family purchased the luxury department […]
Australian Syrah Resources Ltd will supply Elon Musk’s electric vehicle company with graphite anode material over an initial four-year period, with an option to buy additional volumes subject to further expansion of Syrah’s plant in Vidalia, Louisiana. The Vidalia facility is planned to process graphite from Mozambique to become the first source of graphite anodes […]
According to Boat International’s 2022 Global Order Book, a record 1,024 superyachts are currently in construction or an order, a figure up 25% over the same period a year ago. The heightened demand for superyachts throughout the pandemic has led to many shipyards struggling to keep up. Consequently, many buyers have been told they will […]
The Bitter End resort was established as a family retreat by the Hokin family in 1973 and quickly became an esteemed destination for seafarers. However, following Hurricane Irma, the luxury 64-acre resort was forced to close its doors for four years. The Hokin family used the forced closure as an opportunity to renovate, with the […]
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