Eurasia

Nissan Motor Co (OTC:NSANY) (OTC:NSANF) reportedly plans to adopt gigacasting, a manufacturing technique popularized by Tesla Inc. (NASDAQ:TSLA), to produce components for its electric vehicles (EVs). Nissan will utilize machines exerting approximately 6,000 tons of force to fabricate the rear...

Honda Motor Co Ltd (NYSE:HMC) plans to introduce a total of six Ye Series models in China by 2027. The models include (yè) P7 (Ye P7) and (yè) S7 (Ye S7), as well as the concept model for the second set of series models, Ye GT CONCEPT. Honda is currently offering the e:N Series EV...

Eni S.p.A. (NYSE:E) shares are trading lower today. The company reportedly plans to sell minority stakes in its biofuel and bio-plastic units by year-end. The Italian energy group expects the divestiture to garner EUR1.3 billion, reported Reuters.  As per the report, Eni has started...

International Paper Company (NYSE:IP) has agreed to acquire all the shares of DS Smith Plc (OTC:DITHF), implying a transaction value of approximately $9.9 billion. The terms of the combination value each DS Smith share at 415 pence per share, and will result in IP issuing 0.1285...

Ericsson (NASDAQ:ERIC) shares are trading higher after it reported first-quarter FY24 results. Sales declined 15% Y/Y to SEK53.3 billion. In USD, sales of $5.13 billion missed the consensus of $5.34 billion. Group organic sales declined by 14% Y/Y due to a decline of 19% in the...

BP p.l.c. (NYSE:BP) reportedly planned to cut over a tenth of the workforce in its electric vehicle charging business, BP Pulse. BP Pulse lowered the number of countries in which it operates to four from 12 in recent months as commercial EV fleets didn’t pay off as expected, reported Reuters...

Encore Wire Corporation (NASDAQ:WIRE) inked a definitive deal to be acquired by Prysmian S.P.A. (OTC:PRYMF) for $290.00 per share in cash. The transaction price represents a premium of around 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12,...

Group 1 Automotive, Inc. (NYSE:GPI) disclosed a deal to buy the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape PLC (OTC:IHCPF) for around $439 million (£346 million) in an all-cash transaction. The acquisition price includes $279...

EZGO Technologies Ltd (NASDAQ:EZGO) shares are soaring after the company said it entered into a procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd (Huiyu Zhichuang). Huiyu Zhichuang is a subsidiary of Huiyu Holdings Group, a China-based company primarily engaged...

Genius Group Ltd (NYSE:GNS) has launched Singapore Genius City, the company’s first Sovereign AI Education Ecosystem. The project will deliver end-to-end AI education and acceleration courses to students, entrepreneurs, businesses and institutions. The courses will be launched in...

BP p.l.c. (NYSE:BP) shares are trading higher after United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) considered buying the company. However, this deal did not progress beyond preliminary discussions, reported Reuters, citing people familiar...

Volkswagen AG (OTC:VWAGY) reportedly revealed its intention to allocate €2.5 billion ($2.68 billion) towards expanding its production and innovation center in Hefei, Anhui Province, China. The investment aims to bolster the company’s presence in the region and will focus on...

French luxury group Kering SA (OTC:PPRUF) (OTC:PPRUY) appointed former Louis Vuitton and Prada communications executive Stefano Cantino as deputy CEO of Gucci, aiming to revitalize the Italian label. Cantino is set to assume his new role on May 2. He will be reporting to Jean-...

Accenture Plc (NYSE:ACN) has acquired the integrated customer engagement agency Unlimited for an unknown sum. After the acquisition, Unlimited will become part of Accenture Song, the tech-powered creative group. Headquartered in London, with additional locations in Bristol,...

Tesla, Inc. (NASDAQ:TSLA) shares are trading lower on Wednesday. The EV giant’s chief, Elon Musk, is reportedly planning to visit India soon to meet Prime Minister Narendra Modi, expecting to announce investments for a new factory, Reuters reported....