According to a top executive at Honda Motor Co, the Japanese automaker wants to create millions of electric cars (EVs) by 2030 utilising three new dedicated platforms, one of which will be jointly developed with US partner General Motors Co. Honda’s worldwide head of electrification, Shinji Aoyama, told Reuters on Thursday that the company plans…
Kremlin-controlled According to economists, Gazprom’s gas supplies to Europe could drop by a third this year as a result of the Ukraine situation, competition from liquefied natural gas, and plans to switch to rouble payments. Russia supplies over 40 per cent of European gas, but the West has been attempting to wean itself off Russian energy…
Coinbase Global Inc, a major U.S. crypto exchange, launched its NFT marketplace on Wednesday, signalling confidence in the niche digital asset even as the market cools. According to a Coinbase spokeswoman, the platform, which was first revealed in October, will initially be available to a “limited number” of users in the United States. As the…
Consumer demand for cleaning and personal care products remained stronger than projected despite rising costs, prompting Procter & Gamble to raise its full-year sales forecast on Wednesday, sending its shares up more than 2 per cent. Analysts estimate that P&G’s sales growth is at its highest level in at least 15 years, but there are…
The New York Post reported on Tuesday that Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, citing two persons familiar with the situation. According to the story, the billionaire, who owns 9.1% of Twitter, is intending to launch a tender offer in approximately…
Netflix, the world’s largest streaming video service, has issued a global warning about password sharing. This time, it appears to be a serious warning, and it may signal the end of the widespread habit of borrowing a family member’s or friend’s — or even a casual acquaintance’s — login information. Netflix says that more than…
According to figures provided by an industry association on Tuesday, African start-ups garnered a record $5.2 billion in venture financing last year, rebounding from a pandemic-induced slump in 2020 with an almost five-fold surge in investments. The success of startups like Nigeria’s Paystack, which was purchased by Stripe in 2020, and sister fintech Flutterwave, which…
A former Coca-Cola Enterprises executive has admitted to accepting more than £1.5 million in bribes in exchange for assisting favoured companies in winning lucrative contracts. From 2004 until 2013, Noel Corry, 56, gave confidential and sensitive data to Boulting Group, Tritec Systems, and Electron Systems. It provided them a leg up on competitors in contract…
Sales at Hermes, the manufacturer of the Birkin bag, surpassed expectations in the first quarter, boosted by robust demand for its luxury accessories, particularly in the United States and Europe, as the sector struggles to recover from the Ukraine conflict and China’s COVID restrictions. Hermes, which also sells silk scarves and porcelain tableware, had a…
During an all-hands meeting on Thursday, Twitter CEO Parag Agrawal sought to reassure staff that the company was not being “kept hostage” by reports of Elon Musk’s offer to buy the company, according to a source familiar with the situation. The source, who did not want to be identified because they were not authorised to…
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