Wednesday October 21-st, 2020

Mercedes-Benz working on all-electric G-Class Mercedes-Benz working on all-electric G-Class

According to Källenius, Mercedes-Benz has plans to give customers "the choice of at least one electric alternative in every Mercedes-Benz model series" by 2022 whether that's a hybrid option or a completely battery-powered option. If anything, a plug...

German exports on the rise - constant back and forth in statistics German exports on the rise - constant back and forth in statistics

Also important, the August numbers were revised upwards to -0.9% MoM, from -1.8% MoM initially. With today's data, a technical recession is not yet a done deal. A panel of economists advising the government on Wednesday said that Germany's long-ter...

Alibaba eyeing US$15bn Hong Kong listing Alibaba eyeing US$15bn Hong Kong listing

If realised, the US$15 billion IPO would be the biggest since insurance giant AIA garnered US$20.5 billion in 2010. Alibaba is thought to have submitted their application discretely in June with hopes of listing in August, however the unrest in ...

Mothercare announce sale as Falkirk branch prepares to close Mothercare announce sale as Falkirk branch prepares to close

The company announced it was closing on Monday. Today (Friday) the shop has started a massive closing down sale with everything in store "dramatically reduced, just in time for Christmas". The children's retailer appointed Zelf Hussain, David Rober...

Saudi Aramco's record IPO starts Nov 17, prospectus says Saudi Aramco's record IPO starts Nov 17, prospectus says

Japanese companies are unlikely to invest in Saudi Aramco's blockbuster initial public offering (IPO) because it is hard to evaluate the value of the world's biggest oil company, the head of Japan's largest refiner said on Friday. Reuters repor...

Drake starts new business and now sells legalized marijuana — Businessman

AR raised its position in shares of Canopy Growth by 40.8% in the third quarter. Shares of Canopy Growth Corp (TSE:WEED) have been assigned an average rating of "Hold" from the ten research firms that are now covering the company, MarketBeat .com ...

BYD, Toyota to set up research venture to develop electric vehicles BYD, Toyota to set up research venture to develop electric vehicles

The venture between the world's biggest auto maker ( Toyota Motor ) and the claimed biggest maker of BEVs and plug-in hybrids ( BYD ) should speed up the pace of development for both companies. On this occasion, Shigeki Terashi, Executive Vice Presid...

SoftBank Vision Fund Won't Alter Its Investment Strategy, CFO Says SoftBank Vision Fund Won't Alter Its Investment Strategy, CFO Says

SoftBank took heavy losses in the recent quarter on struggling investments in Uber and WeWork, but according to UBS analyst Kei Takahashi, the company is set to bounce back. Son said WeWork's product - good-looking office space that companies an...

DisneyLife will be rebranded as Disney+ in the UK DisneyLife will be rebranded as Disney+ in the UK

The US entertainment giant had previously announced that it would launch in the US, Canada and the Netherlands on 12 November, and extend to Australia and New Zealand on 19 November. The company has also recently purchased 20th Century Fox - which me...

BMW urgently recalls vehicles over airbags BMW urgently recalls vehicles over airbags

While the recall has not spread to other countries yet and is not compulsory, the ACCC confirmed that cars in the United States and Japan have reported similar abnormal deployments with these airbags, likely caused by a manufacturing defect.

Gap CEO Art Peck steps down amid slumping sales Gap CEO Art Peck steps down amid slumping sales

Effective immediately, Robert J. Fisher, the company's current non-executive chairman of the board, will serve as president and chief executive on an interim basis. Sales slipped 3% for its Banana Republic brand and 4% for Old Navy. Gap warned thir...

Starbucks gives away free reusable cups with purchase of holiday drink Starbucks gives away free reusable cups with purchase of holiday drink

Starbucks wrote on Instagram alongside a photo of the free cup. Starbucks customers need not fret, however, if they simply can't wait to sip during their trip. Fliers will also have to muster up some understanding because "priority boarding" doe...

Kevin the Carrot returns in Aldi's 2019 Christmas ad Kevin the Carrot returns in Aldi's 2019 Christmas ad

The new characters are the Leaky Blinders. The clip saw Kevin in a spot of bother, when an angry gang of brussels sprouts look on. This year, he's being thwarted by the Leafy Blinders, a brussel sprout gang - hilariously lead by Russel Sprout - who...

Rolls-Royce takes 1.4bn hit on troubled plane engines Rolls-Royce takes 1.4bn hit on troubled plane engines

The engines group said it has made progress in resolving issues with the engine but the final fix - an improved high-pressure turbine blade - has been pushed back to 2021 due to a more conservative estimate of the HPT durability. It now expects to ac...

Tories will increase borrowing to invest in infrastructure: Javid Tories will increase borrowing to invest in infrastructure: Javid

It requires an irreversible shift in the centre of gravity in political decision-making, as well as investment, from its location exclusively in London to the North and regions and nations of our country'. He talked about the fund would open the "u...

Musk looking into launching a 'drive-thru mode' on Tesla Musk looking into launching a 'drive-thru mode' on Tesla

The plan is for the investor to buy their own shares in the firm in question once the price has dropped. Musk accompanied the missive a reference to gifting Einhorn "short shorts". Last year, Einhorn acknowledged receiving an earlier transmission of ...

Gap CEO Art Peck to leave as clothing retailer cuts earnings forecast Gap CEO Art Peck to leave as clothing retailer cuts earnings forecast

The chain admitted to flubbing women's fashion this year and competition from discounters, like Target and T.J. Maxx, is only increasing. But Gap, which defined casual dressing in the 1990s, has also long struggled with its own deep-rooted problems -...

Volkswagen ID. Space Vizzion Teased Ahead Of LA Auto Show Debut Volkswagen ID. Space Vizzion Teased Ahead Of LA Auto Show Debut

Stylistically, it follows the design DNA of the ID. family, and is built on the company's Modular Electric Drive Matrix (MEB).The MEB fully exploits the technical possibilities of e-mobility and guarantees long ranges, dynamic driving performance a...

J Sainsbury 1st Half Profit, Sales Fell in Competitive Market J Sainsbury 1st Half Profit, Sales Fell in Competitive Market

In the 28 weeks to September 21st, Sainsbury's saw underlying retail sales (including Value-Added Tax, excluding fuel) decrease by -0.6%, driven by declines in general merchandise and clothing sales. In September, Chief Executive Mike Coupe put cos...

Couple that got engaged in KFC celebrated by South Africa Couple that got engaged in KFC celebrated by South Africa

KFC South Africa , a subsidiary of Kentucky-based YUM's KFC, reposted the original proposal, asking for help finding the couple. "The handsome moments don't have to cost much!" one person tweeted. Tweeps are beside themselves and happy that the KF...

WhatsApp Business gets shopping catalogue feature, courting e-commerce WhatsApp Business gets shopping catalogue feature, courting e-commerce

The company has been steadily adding features to the app, and the latest addition is one that should help small and medium sized businesses quite a bit. Open WhatsApp Business app , go to settings and click on business settings and select catalogue....

CORRECTED (OFFICIAL)-Billionaires' wealth falls for first time since 2015 CORRECTED (OFFICIAL)-Billionaires' wealth falls for first time since 2015

Billionaires have become a key policy issue in the United States as Sen. The world's richest individuals grew to become rather less effectively off final yr, in response to a report by UBS and PwC , as geopolitical turmoil and risky fairness mar...

Microsoft Japan finds 4-day workweek increases productivity Microsoft Japan finds 4-day workweek increases productivity

Employees were allowed to choose the way of working they wanted to follow as far as work-life balance. The company also challenged employees to "work a short time, take a rest and learn well". No longer handiest did Microsoft lower energy prices o...

Shelling out: Japan crab fetches record US$46,000 at auction Shelling out: Japan crab fetches record US$46,000 at auction

Snow crab, or zuwaigani in Japanese, is harvested during winter months, near Tottori as well as the waters between Osaka and Hiroshima, where it is considered a delicacy. Sometimes you just have to cure that crab craving. "I believe it is a good crab...

The last Sears store in the Lehigh Valley is closing for good The last Sears store in the Lehigh Valley is closing for good

Going out of business sales at the 96 stores are expected to begin on December 2 - just in time for the holidays. Sears Holdings Corporation was purchased by Transformco in February 2019. It turns out the Marshall Kmart store will be the last one ...

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