Eurasia

Airbus SE (OTC:EADSY) has reportedly initiated a cost-cutting program and implemented a hiring freeze to bolster performance in its main aircraft manufacturing business for 2024 and beyond, following recent adjustments to production targets. Dubbed “LEAD!” the new initiative aims to...

Ericsson (NASDAQ:ERIC) reported second-quarter fiscal 2024 results. The stock price climbed after the print. Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to...

Buildots, an Israel-based AI construction software company, has announced a $15 million investment led by Intel Inc’s (NASDAQ:INTC) Intel Capital, with participation from OG Tech Partners and previous investors. Lisa Cohen, Investment Director at Intel Capital, will join as a board observer....

BHP Group Limited (NYSE:BHP) will temporarily suspend its Nickel West operations and West Musgrave project in Western Australia starting October 2024. The Australian miner plans to review this suspension by February 2027. The company stated that the transition period will begin in July 2024....

The Vietnamese electric vehicle manufacturer VinFast Auto Ltd (NASDAQ:VFS) is reportedly seeking a bank loan of approximately $250 million to finance the construction of its new assembly plant in Subang, Indonesia. The company, a subsidiary of Vingroup JSC and controlled by Vietnam’s...

Toyota Motor Corporation (NYSE:TM) shares are trading higher on Wednesday. Toyota Motor North America (Toyota) has joined seven other automakers as an investor in IONNA to support the buildout of its high-powered charging network for battery electric vehicles (BEVs) across North America. “We...

Manchester United PLC (NYSE:MANU) reported a third-quarter FY24 sales decline of 19.6% year-on-year to 136.7 million British pounds or $173.37 million, beating the analyst consensus estimate of $162.92 million. Broadcasting revenue declined 26%, Commercial revenue rose 0.3%, and Matchday...

NIO (NYSE:NIO) introduced the inaugural model of its sub-brand Onvo (Ledao in China), the L60, on May 15 without revealing the details regarding the battery. However, specifics regarding the model’s battery pack have emerged in a regulatory filing, reported CnEV Post. According to a recent...

GoPro, Inc. (NASDAQ:GPRO) shares are trading higher on Tuesday. The company announced a fresh distribution collaboration with SoftBank Group’s (OTC:SFTBY) SB C&S Corporation in Japan, leveraging one of the region’s largest sales networks to market GoPro products. “Through SB C...

Tuesday, Indivior Plc (NASDAQ:INDV) announced a downward revision of its profit forecast for the year while deciding to cease sales of its schizophrenia drug Perseris. The company also plans to reduce its workforce by about 130 jobs. In a business update, Indivior outlined its expectations for the...

KKR & Co. Inc. (NYSE:KKR) reportedly intends to reduce its stake in Kokusai Electric, capitalizing on the strong performance of the Japanese chip equipment maker’s shares. KKR, which currently owns about 43% of Kokusai’s shares, plans to sell approximately half of its stake to...

Honda Motor Co., Ltd. (NYSE:HMC) disclosed that it will reportedly cease vehicle production at its Ayutthaya province factory in Thailand by 2025. The move reflects the company’s intention to consolidate production at its plant in Prachinburi province, reported Reuters. This reflects the...

Stellantis N.V. (NYSE:STLA) is rapidly responding to the rising demand for hybrid vehicles in Europe by planning to offer 30 hybrid models this year, with six more set to launch by 2026. These hybrids aim to provide significant CO2 emissions cut and offering a more affordable alternative to fully...

BP p.l.c. (NYSE:BP) shares are trading lower after the company disclosed the trading update for the second quarter of FY24, with oil trading results expected to be weak after a strong first quarter. In the oil production and operations segment, the company anticipates realizations to have a...

Employees at Samsung Electronics Co., Ltd. (OTC:SSNLF) reportedly started a three-day strike on Monday, demanding better pay. The union has warned of additional actions if South Korea’s largest conglomerate does not fulfill thier demands, reported Reuters. The National Samsung Electronics...