The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
While Apple’s CEO did not specify how much the tech giant would contribute to northern China’s relief efforts, or how the funds would be distributed, his promise follows on from many other relief aid pledges. Most recently, Tim Cook pledged money to help Hurricane Ida relief and recovery efforts after 115 people lost their lives […]
The funding follows Personio’s $125 million Series D funding last January, bringing the total capital raised by the company to over $500 million. The company, which produces human resource software for small to medium-sized businesses, plans to use the funds to launch a new people workflow automation software for SMEs. The software would automate HR […]
Indonesian e-commerce startup Ula launched last year and has since raised over $30 million and courted several high-profile investors. It has now won the trust of the world’s richest man, with Bezos investing in the company’s new financing round. In a statement released on Monday, it was announced that Bezos Expeditions, Northstar group, AC Ventures […]
The business leaders, mostly chief executives of Brazillian companies, released a joint statement warning that Brazil could be “excluded from a new economic-climate order that is unfolding before our eyes.” Signatories included the local chiefs of Amazon, Shell, Embraer, and the global chief executives of the world’s largest meatpacker JBS. "Brazil should maintain its central […]
The CEO’s comments come in a pre-recorded Q&A style stream at the World Internet Conference, which was hosted by the Cyberspace Administration of China. The comments mark the second occasion this month upon which Musk complimented China — a country that will play a vital role in the long-term success of Tesla. Less than two […]
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July. KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
A true veteran of the automotive industry, Torsten spent more than 13 years rising through a variety of positions at BMW Group. He took on roles in the Sales and Marketing Division, but became best-known for his impressive tenure as Director of the MINI brand between 2000 and 2003. He successfully relaunched MINI internationally as […]
Image by Web Summit - SD5_7851, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=74256111 CEO and co-founder Nik Storonsky said: “To be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year.” As of 2020, Revolut’s adjusted revenue was £261 million ($359 million). In July, the company managed to raise […]
Image by Jérémy Barande / Ecole polytechnique Université Paris-Saclay, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=57236208 The luxury goods billionaire held a 5.7% stake in Carrefour, which raised €724 million by selling shares on the market in an accelerated book-building process. The stake was sold off at €16 per share after Arnault first took a 9.8% holding at […]
Business leaders have said that urgent changes to the visa system are needed as retailers struggle to keep shop shelves stocked, and restaurants run out of food and drink amid the supply chain chaos caused by Brexit and the pandemic. Earlier this week, it was reported that fast-food giant McDonald’s had run out of milkshakes […]
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