The Government of Korea is reportedly urged to modify the existing state subsidy plan for electric vehicles (EVs) to provide greater benefits to made-in-Korea automobiles, as China and many other nations do for their vehicles, say experts.
The contentious Inflation Reduction Act (IRA), a U.S. stimulus measure wherein Korean EVs as well as batteries will have their tax credits refused or drastically reduced, is what underpins the recommendation's protectionist leanings.
They claim that, as seen by the grant program's price- and fue
Fuerst Day Lawson Limited (FDL), Highlander Partners’ portfolio firm, has reportedly acquired Quest Ingredients Limited, which was previously owned by Quest Vitamins Limited.
Hereford, England-based Quest Ingredients produces premium patented food flavors, flavors for animal feed, as well as active botanical extracts for the agricultural, pharmaceutical, and food and beverage industries.
Staff from Quest Ingredients will join the FDL team while operations will proceed to be operated out of the company's current Hereford facility
India’s exports to China have reportedly dropped by around 35% to USD 6.8 billion during the period of April-August, during a time when India’s overall exports increased by 17.1%. This is due to the economic slump in China, which became the fourth largest export destination for India, slipping from the second position a year ago.
Multiple setbacks have affected China’s economy, such as declining export demand, the prolonged impact of the property sector downturn, and the continuation of the zero-Covid policy and all of these factors have cumulatively slowed
Based in India, the company came into the spotlight after entities like Canada Pension Plan Investment, Brookfield, and ArcelorMittal expressed interest in a minority stake oThe shares of NTPC – National Thermal Power Corporation – have reportedly reached record high levels in the last 52 weeks reaching $2.08 on the BSE last week.f NTPC Green Energy Limited (NGEL).
NTPC outpaced the market during the last six months, rising 25% as compared to the benchmark index's 6% growth. The stock has increased by 41% in one year, as opposed to the S&P BSE Sensex'
Yuri, a Germany-based space biotech company, and Sierra Space, a leading space company at the frontline of constructing and developing the facilities for LEO (low-Earth orbit) commercialization, have reportedly announced a new contract to focus on medical research in microgravity in order to benefit Earth's life.
The agreement calls for Sierra Space's Dream Chaser spacecraft to carry ScienceTaxi of Yuri to the International Space Station (ISS) starting in 2024, where the incubator will be utilized for a range of experiments in life sciences.
Chinese internet media services company, Kuaishou Technology, has reportedly announced plans to shut down Zynn, its controversial short video app, in August 2021. The app was available only in the United States.
Considered as a rival of ByteDance, Kuaishou had amassed almost 1 billion monthly active users in July 2021. The firm did not provide an explanation for shutting down the app, which was caught up in controversy ever since its debut in May 2020.
As per the initiated notice, the company will remove all user data following a grace pe
The continuous growth of the travel and tourism industry, until the Covid-19 pandemic, has helped cement Marriott International Inc. as a leader in the hospitability business. To further extend its strong grip, the world's largest hotel chain will reportedly launch an expanded version of its human trafficking awareness training program on July 30, 2021.
According to reliable sources, the company aims to train all on-property staff by 2025 to recognize the indicators of human trafficking accurately and respond to them as required.
Simi
Tesla, the California-based electric vehicle and clean energy company, has reportedly posted a profit of more than $1 billion for the quarter, despite the ongoing global chip scarcity.
According to reports, Tesla's quarterly profits have surpassed the $1 billion mark for the first time. The electric vehicle manufacturing company claimed that it reached this milestone because it worked incredibly hard to maintain manufacturing operating as close to full capacity as possible, despite facing supply chain problems.
The company also put as
Jacek Olczak, CEO of Swiss-American tobacco and cigarette manufacturing firm, Philip Morris International, has reportedly called on the government of the United Kingdom to ban cigarettes by the end of 2030, in a move that would eliminate its Marlboro brand.
According to Jacek Olczak, the firm envisions a future without cigarettes, and the earlier it happens, the better it is for people. He believes cigarettes should be handled similar to as petrol cars, the sale of which is set to be prohibited by 2030.
Mr. Olczak stated that the Governme
