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GM Talking With LG Chem To Build Second Battery Plant In US

Gap Expects Sale Growth In 2021 Driven By Athleta Brand And Covid-19 Vaccine Roll-Out

Reader's Pick

Not In Talks With Apple For Autonomous Car Project, Says Japan’s Auto Maker Nissan 02/15/2021

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC 02/22/2021

Probe Of Inappropriate Relationship Results In Resignation Of Lilly Says CFO 02/10/2021

Nvidia Beats Quarterly Revenue Estimates Amid Tight Supply Of Its Gaming Chips In Stock 02/27/2021

Aston Martin Expects To Achieve Profits In 2021 After Dismal Loss Last Year 02/27/2021

Latest Business News
GM Talking With LG Chem To Build Second Battery Plant In US

GM Talking With LG Chem To Build Second Battery Plant In US

Companies

United States based auto giant General Motors Co is considering plans to setting up of its second battery making unit in the US in partnership with South Korea’s LG Chem Ltd, the auto maker said.   It is "exploring the feasibility of constructing a second, state of the art battery cell manufacturing plant in the United States" in partnership with LG's battery unit LG Energy Solution and...
Gap Expects Sale Growth In 2021 Driven By Athleta Brand And Covid-19 Vaccine Roll-Out

Gap Expects Sale Growth In 2021 Driven By Athleta Brand And Covid-19 Vaccine Roll-Out

Companies

The apparel retailer Gap Inc expects demand and sales of products under its Athleta brand to double within the next two years, and along with the roll out of Covid-19 vaccines will bring in more customers to its stores which prompted the company to forecast a return to sales growth this year.   Following the company beating expectations for its fourth quarter earnings, the stocks of the...
Exxon To Curb Shale Production To Lower Costs And Preserve Dividend

Exxon To Curb Shale Production To Lower Costs And Preserve Dividend

Companies

The focus of Exxon Mobil Corp is now on cutting down on costs and preserving dividends to win back investors who have not been impressed with the strategies of the company which has been allegedly overspending for years. This strategy change has forced the company to scale down its targets and ambitions for production of oil and gas, the company said on Wednesday.   Following a historic...
Amazon Signals Global Expansion Intent With Its First Cashierless Store In Grocery Segment

Amazon Signals Global Expansion Intent With Its First Cashierless Store In Grocery Segment

Companies

The first ever physical store outside of its home market of the United States was opened by the largest online retailer of the world Amazon.com Inc in the United Kingdom on Thursday.   The new state of the art cashierless store, which the company has christened as "Amazon Fresh" will be opened in Britain, in the London Borough of Ealing, said the largest online market place of the world....
Volvo To Make All Its Model Fully Electric By 2030

Volvo To Make All Its Model Fully Electric By 2030

Companies

With a number of global auto companies already initiating plans to slowly phase out fossil-fuel engines by the end of this decade, the bandwagon was joined by the Chinese owned company Volvo. The company said on Tuesday that it would transform its entire car line-up completely electric by 2023.   "I am totally convinced there will no customers who really want to stay with a petrol engine,"...
Households Without Children Drives Subscriber Growth Of Disney+, Says CEO

Households Without Children Drives Subscriber Growth Of Disney+, Says CEO

Companies

Walt Disney Co has been able to easily surpass its initial projections for subscriptions to its Disney+ video streaming service last year. And the reason behind this growth has also surprised officials of the company.   Disney’s Chief Executive Bob Chapek said on Monday that the company was surprised to find out that this growth in the number of subscriptions was driven by strong interest...
Nvidia Beats Quarterly Revenue Estimates Amid Tight Supply Of Its Gaming Chips In Stock

Nvidia Beats Quarterly Revenue Estimates Amid Tight Supply Of Its Gaming Chips In Stock

Companies

The chip maker Nvidia Corp beat estimates of the market for its revenues generated in its first quarter and the company expects continued tightness in supply of its flagship gaming chips for over the next several months.   There has been high demand for chips that speed up video games all through the Covid-19 pandemic as people were forced to stay back home and the company expects that the...
Aston Martin Expects To Achieve Profits In 2021 After Dismal Loss Last Year

Aston Martin Expects To Achieve Profits In 2021 After Dismal Loss Last Year

Companies

The luxury car maker Asto0n Martin is hopeful of emerging out of the pandemic induced slump and expects that its will be able to increase its sales in 2021 by almost double of last year and thereby claw back towards profitability.    This struggling car maker was forced deeper into trouble during the pandemic and was forced to replace its chief while also being forced to raise funds...
Goodyear To Acquire Rival Cooper For $2.8bn And Gain Wider Access in Chinese Market

Goodyear To Acquire Rival Cooper For $2.8bn And Gain Wider Access in Chinese Market

M&A

The largest tire maker of the United States, Goodyear will be acquiring its rival Cooper in a deal worth $2.8 billion. Following the completion of the deal, the American tyre maker will have access to a much larger global footprint for its business and will be able to move into the Chinese market as well – which is the largest car market of the world.   After the global market leaders in...
Water Trucks Being Ordered By Taiwanese Chip Makers Due To A Drought

Water Trucks Being Ordered By Taiwanese Chip Makers Due To A Drought

Companies

The increasing restriction put by the administration on water supply because of a drought in the island is forcing the chip makers of Taiwan to purchase water by the truckload for use in some of their foundries.   This shortage of water for chip manufacturing has raised concerns that the current shortage of chip for the global auto industry could get worse.   Production cuts have...
HSBC Focuses On Asia Wealth As It Cuts Down Its Profit And Payout Ambitions

HSBC Focuses On Asia Wealth As It Cuts Down Its Profit And Payout Ambitions

Companies

As new revised strategy that focuses primarily on wealth management in Asia was announced by HSBC Holdings PLC on Tuesday as the bank let go of its long-term profitability target, after a sharp drop in the 2020 profits of the company because of the Covid-19 pandemic hit.   Its previously followed target of attaining a return on tangible equity of 10 to 12 per cent in the long term was...
Tesla Rival Lucid Motors To Get Listed Through A SPAC Deal Worth $24bn

Tesla Rival Lucid Motors To Get Listed Through A SPAC Deal Worth $24bn

Companies

The United States based luxury electric vehicle maker Lucid Motors will go public through the merger deal path or through the special purpose acquisition company (SPAC) route at a combined pro-forma equity value of $24 billion.   The electric car maker has agreed to merge with blank-check firm Churchill Capital IV Corp to create a new company that will go public.   Lucid was formed...

World

US Vows To Strengthen Military Support To Japan To Counter Chinese Aggression

US Vows To Strengthen Military Support To Japan To Counter Chinese Aggression
The new president of the United States Joe Biden has pledged to further strengthen the country’s partnership with Japan in countering the increasing military activity of China in the volatile...

Decision On Brexit Deal To Be Taken In New Year, Says EU Parliament

Decision On Brexit Deal To Be Taken In New Year, Says EU Parliament
It will not be until the new year that the European Union will be able to review and analyse the agreement on trade for Brexit in detail that was struck between the United Kingdom and the European...

Japan PM Pledges Carbon Neutrality By 2050

Japan PM Pledges Carbon Neutrality By 2050
Japan, the third largest economy of the world, will become carbon neutral by 2050, said the country’s prime minister, Yoshihide Suga. This is the latest efforts of the Japanese government at tackling...

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers
Taking its dispute and tensions with China a step further, the UK government decided to suspend an extradition treaty that its it had with Hong Kong because of the imposition of the new controversial...

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka
Japanese Prime Minister Shinzo Abe declared a declared a state of emergency in Tokyo and its surrounding regions over the growing threat of the coronavirus pandemic and warned that capacity...

People

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC

The Most Common Side Effects After Receiving Covid-19 Vaccine Listed By America’s CDC
Data about the most common side effects reported by Americans after taking shots of the Covid-19 vaccine from Pfizer or Moderna was released by the United States’ Centers for Disease Control and...

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report

Covid-19 School Closures Make More Children Vulnerable To Trafficking, Says UN Report
According to a report prepared by the United Nations, children are being targeted at an increasingly greater extent all across the world and traffickers will likely take advantage of the Coid-19...

Pandemic Conspiracies About Him Surprises Bill Gates

Pandemic Conspiracies About Him Surprises Bill Gates
The volume of "crazy" and "evil" conspiracy theories about him that were being spread all across social media during the Covid-19 pandemic about the Microsoft co-founder turned philanthropist Bill...

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk
Even though he had initially been skeptical of the coronavirus pandemic, Tesla chief executive office Elon Musk has since helped the authorities in California to acquire much needed medical supplies...

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name
Teenage Swedish climate activist Greta Thunberg is looking to trademark her own name as well as that of her movement as she says that the names are being misused by ‘impostors’ and marketers. This...

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