Tag: Business

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Uniper secures $11 BLN credit lines

German utility Uniper said that it has secured credit facilities worth up to 10 billion euros ($11.3 billion) from parent Fortum and state bank...

Renault’s China JV with brilliance

Renault confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash. Hence, they are heading for...

Thyssenkrupp restructure halfway complete, expecting 2022 higher margin

Thyssenkrupp’s radical restructuring involving a string of disposals and cost cuts is about halfway complete. This is with the group on track for higher...

Management turmoil complicates Telecom Italia bid response

Telecom Italia (TIM) is looking to draw up a list of candidates to advise it on a takeover approach from U.S. group KKR. This...

Nissan unveils $18 BLN electrification push

Nissan Motor Co had announced that it will spend 2 trillion yen over five years. This is for accelerating the vehicle electrification to catch...

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Pentagon Push for Faster AI Development Drives Smack Technologies’ $61 Million Funding Round

Smack Technologies, a defense technology startup developing artificial intelligence...

General Atlantic’s IPO Plans Revived With JPMorgan as Lead Bank

Investment firm General Atlantic is moving ahead with plans...

Six Banks Settle Mexican Bond Market Manipulation Case for $86.4 Million

Six major banks have agreed to pay $86.4 million...

Senate Delay Puts U.S. Crypto Bill’s Future in Doubt

The prospects for a landmark U.S. cryptocurrency bill have...

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