Ericsson, a manufacturer of telecom equipment, announced on Monday that it would eliminate approximately 1,400 jobs as part of a larger strategy to cut costs globally. As demand slows in some markets, including North America, the company had previously announced plans to cut costs by $880 million by the end of 2023. According to two […]
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Some fruits and vegetables, like tomatoes, haven’t been getting to UK supermarkets because of bad weather in Europe and Africa. Difficult weather conditions had a negative impact on harvests, according to the British Retail Consortium (BRC). Over the past few days, there have been a lot of pictures on social media of empty supermarket shelves. […]
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In light of the uncertainty surrounding the economy, Mercedes-Benz Group issued a warning about lower earnings this year and said it would try to sell more cars directly in major markets like Britain and Germany while maintaining its goal of high margins on flat volume. Despite the fact that sales at the Mercedes-Benz Cars business […]
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Two people who are aware of the development stated that Aditya Birla Group has hired Standard Chartered to sell up to a 49 percent stake in the group’s renewable energy business in order to raise approximately $400 million. The conglomerate wants to strengthen its position in India’s rapidly expanding clean energy sector. Aditya Birla Renewables […]
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On February 15, 2023, Maruti Suzuki India announced that it had partnered with SMAS Auto Leasing India Pvt Ltd to improve its vehicle subscription program. Maruti Suzuki India said in a statement that SMAS is the fifth partner to offer a variety of the company’s vehicles on white plate subscription, in which the vehicle is […]
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The Dow and the S&P500 indexes closed the session slightly below the neutral line on Tuesday, February 14, 2023, while the Nasdaq managed to maintain its gain line. The majority of US stocks were lower on that day. The stronger-than-expected reading of US inflation, which supports a case for additional interest rate increases, was primarily […]
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Evolve+ is a new EV subscription service that was announced by Hyundai Capital America and Hyundai Motor America. Customers who want to drive an electric vehicle without having to buy one or sign a long-term lease are the target audience for this month-to-month service. Hyundai has a clear objective: to make people more aware of […]
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PepsiCo, a global leader in the food and beverage industry, announced on Thursday that its Indian division achieved double-digit organic revenue growth in 2022. According to PepsiCo, the business has increased its share of the beverage and savoury snack markets, including India. Effective net pricing and organic volume growth accounted for the majority of PepsiCo’s […]
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According to industry data, new car demand weakened as a result of the expiration of a tax cut for cars with combustion engines and subsidies for electric vehicles (EVs). As a result, China’s passenger car sales fell by 38% in January, reversing a gain of 2.4% in the previous month. The China Passenger Car Association […]
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A request for applications (RFA) has been issued by PepsiCo, Inc. and the AgMission initiative to accelerate the adoption of regenerative agriculture practices in North America, Europe, South Africa, and Australia for corn, wheat, oats, canola, sugar beets, and soy. Through this RFA, AgMission and PepsiCo said they would award up to $6 million, and […]
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