Ford Motor Co is expanding its production by investing $1B to Chicago assembly and stamping plants. This is in preparation for the three new SUVs the brand is set to release this year.
The automaker is developing more trucks and...
The government of Ethiopia recently passed a law that will enable Ethiopian in other parts of the world to invest in the country’s financial services industry. Quartz Africa reports that this move will open up the country’s industry which...
As a result of US’ sanction, India’s state-run oil corporation will be buying its crude oil supplies from Saudi and the United States.
The United States officially reimposed penalties in relation to the 2015 Iran Nuclear deal. Under this, countries...
Boston-based venture capital firm Omega Funds announced Wednesday, Dec 11, it has completed its Omega Fund VI, L.P. (“Fund VI”) with a total of $438 million in capital commitments. The latest fundraising round brings the total capital raised by...
US tobacco giant Philip Morris announced Wednesday, Sept 25, it had called off the proposed merger with tobacco industry’s another prominent company, Altria. The $200 billion mergers between the two tobacco giants have been called off following the regulatory...
Following the memorandum of understanding signed by the New Zealand government and urban air firm Wisk, the company will set up an air taxi trial in the region.
Wisk will be deploying Cora, an electric vertical takeoff and landing...
Los Angeles plant-based meat producer, Beyond Meat, saw an amazing 600% surge in stocks after its initial public offering back in May 2019.
Despite the ongoing trade war between China and the United States, the company manages to close down...
Goldman Sachs is combining its four separate private-investing arms to create a new larger division, the Wall Street Journal reported on Sunday, June 16.
According to the article, the new division is expected to have around $140 billion in assets,...
Multinational conglomerate Sony Interactive Entertainment (SIE) recently announced its investment in VoIP platform Discord to provide the chat app’s service to PlayStation, reported Tech Crunch. This follows after the company purchased stakes in the gaming firm.
The partnership will incorporate...
Lazard France has named Jean-Louis Girodolle as its new investment banking chief executive officer. Girodolle’s appointment comes after Matthieu Pigasse resigned from the company. Girodolle’s appointment to the corporation was observed effective immediately.
According to the Financial Times, Pigasse left...
