After weeks of friction between its chief executive officer and other key stakeholders, Volksgawen’s supervisory board resolved the extended conflict, endorsing CEO Herbert Diess in his role. As a result of this positive outcome, Volkswagen stocks incurred their largest rise in seven months.
The supervisory board sang Diess’ praises in...
After revealing its test results for the solid-state battery that has been in development, EV startup QuantumScape has enjoyed a 60% rise on the New York Stock Exchange in the past month. This development sees the Westbury, NY-based company rise beyond its $22 billion market cap level.
In its latest...
Six companies were added to the Nasdaq 100 index last Friday. Home fitness company Peloton Interactive is one of them, having risen by 392% on the Nasdaq Exchange since the start of this year.
This surge is largely influenced by the change in workout routines that consumers have adopted since...
Retail giant Amazon.com Inc has confirmed its decision to acquire podcast startup company Wondery, a deal in which Wondery was valued at a total of $300 million. This is believed to be a push by Amazon to expand its non-musical audio content offerings.
Amazon and Wondery were reported to have...
With the coronavirus pandemic severely restricting passenger flights and transportation options while increasing cargo delays, medical companies across Canada have embarked on a race to secure shipping for time-sensitive radioactive chemicals used in the cancer treatment process.
Approximately half of all air cargo travels on passenger aircrafts, with the remaining...
Stock markets across the Middle East have rallied this past week as a result of optimism surrounding the ongoing coronavirus vaccine rollouts taking place across several nations in the region.
The front runner is the United Arab Emirates, while indexes in Israel and Oman have also increased significantly thanks to...
Swiss regulators have provided contract manufacturer Lonza Group authorization to begin production of Moderna’s COVID-19 vaccine at its plant in Switzerland. According to one spokesperson for Lonza’s Visp-based plant, Lonza has already begun the preparation process to ensure that mass production of the vaccine can get underway.
Manufacturing of the...
Chinese electric vehicle manufacturer BYD Co Ltd currently finds itself at the forefront of electric sedan monthly sales, despite suffering an 11% drop in year-over-year sales of total electric cars. According to CNBC, the Warren Buffett-backed EV manufacturer sold 130,970 units of its vehicles in 2020.
The reason for BYD’s...
As the United States government continues its crackdown on companies with potential ties to the Chinese military, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. may become the U.S. government’s next targets.
According to the Wall Street Journal, the United States is currently considering a plan that would see restrictions...
The Ford Motor Corp posted its latest financial results on Wednesday which showed a 9.8% decline in quarterly domestic vehicle sales. The second-largest vehicle manufacturer in the U.S. sold 542,749 vehicles in the fourth quarter; a stark decline from 601,862 during the previous year.
At the root of this significant...