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Financial Times
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Volvo to Supply 24, 000 Self-Driving Cars to Uber
Nov 23, 2017Swedish auto-maker Volvo Cars has agreed to supply 24,000 autonomous cars to ride-sharing company Uber. Under the framework agreement, Volvo will provide Uber with its XC90 premium SUVs complete with autonomous driving technologies, from ...
Tags: Self-Driving Cars, Volvo, Uber
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UK Competition Watchdog Approves Heineken's Takeover of Punch Taverns
Aug 23, 2017The UK's Competition and Markets Authority (CMA) has given its approval for the takeover of Punch Taverns by Dutch brewing giant Heineken. In June this year, the CMA raised the issue of affecting competition in 33 places in the UK, if ...
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Report – Nintendo to Boost Switch Production Ahead of Mario Odyssey Launch
May 31, 2017The Nintendo Switch has proven incredibly popular since its launch back in March, becoming the fastest-selling console in Nintendo history. On top of that, launch title, The Legend of Zelda: Breath of the Wild, became the fastest-selling ...
Tags: Nintendo Switch, Nintendo
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China's Yili Plans $850m Bid for Danone's Stonyfield Yogurt Business
May 16, 2017Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
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Vodafone Quietly Raises Prices for Customers Again - Confirmed
Apr 28, 2017Vodafone is hitting some customers with a second price hike, just weeks after another rise was introduced. The news was first reported by the Financial Times, which claimed that some customers have received texts warning of an unexpected ...
Tags: Vodafone
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Lyft Secures $500m Funding at $7.5bn Valuation
Apr 10, 2017Ride-hailing company Lyft has reportedly raised $500m in a new round of funding that valued the company at about $7.5bn. Uber's rival has been trying to raise investment for some time to enter new markets. In the first quarter of this ...
Tags: Lyft, Ride-hailing
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Toyota to Invest £240m to Upgrade UK Car Manufacturing Plant
Mar 27, 2017Toyota Motor Europe has announced a planned investment of £240m in its UK manufacturing facility at Burnaston in Derbyshire. The factory will be upgraded to allow the production of vehicles on the Toyota New Global Architecture ...
Tags: Car Manufacturing Plant, Toyota
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China in New Effort to Tackle Shadow Banking
Feb 24, 2017China's central bank has drafted new rules to tackle risks from shadow banking, in a tacit acknowledgment that a host of measures in recent years to control off balance sheet credit have failed to control its risks, the Financial Times ...
Tags: Shadow Banking, balance sheet
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China to Reduce Drug Distributors to Cut Prices
Feb 20, 2017The Financial Times reports a state initiative to reduce intermediaries in China's pharmaceutical market is expected to more than halve the number of companies in the sector, but experts say the government will struggle to achieve its aim ...
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McLaren Confirms Apple Talks Happened - They Just Weren't Ever Definitive
Nov 22, 2016In September, reports surfaced that Apple was in talks with car-maker McLaren concerning a possible takeover of the company by Tim Cook and co. It was also claimed that Apple was considering investing in the British supercar company if a ...
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Mondelez Cuts Toblerone Chocolate Bar Weight
Nov 11, 2016Cadbury owner Mondelez International has made changes to the weight and shape of its Toblerone chocolate bar amid rising production costs. Known for its distinctive triangular peaks, the Toblerone chocolate has been partly flattened. The ...
Tags: Toblerone Chocolate, Chocolate Bar
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Blackrock Joins Investor Lawsuit Against Volkswagen Over Emissions Scandal
Sep 20, 2016Asset management company Blackrock has joined a group of Volkswagen shareholders who are bringing a lawsuit against the German automaker over its diesel emissions scandal. Law firm Quinn Emanuel is expected to file complaint on behalf of ...
Tags: Blackrock, lawsuit, Volkswagen
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Kering Again States Puma's Not for Sale
Jun 27, 2016Kering chairman and chief executive Franis-Henri Pinault told the Financial Times that Puma was not for sale for the time being. He further said the company, which also owns a number of luxury brands including Gucci, Bottega Veneta and ...
Tags: YakKering, Puma, sports brands
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Associated British Foods Looks to Sell Unprofitable Sugar Business in China
May 13, 2016Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
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Apple Paying Google For Cloud Services
Mar 18, 2016Apple is reportedly the latest company to ditch Amazon and adopt Google for its cloud computing needs. Amazon Web Services and Microsoft's Azure are the two biggest cloud computing platforms in the world, and are where the vast majority ...
Tags: Apple, Google, Cloud services
