LG Commits $4.5 Billion to Building Battery Production Sites in the US

LG Commits $4.5 Billion to Building Battery Production Sites in the US

By Anna Domanska - Mar 15, 2021

LG Energy Solution plans to invest more than $4.5 billion in its U.S. battery production business by 2025 in a bid to meet the rising demand for electric vehicles in the future. Th

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Agnelli's buy 24% stake in luxury shoe brand Louboutin

Agnelli's buy 24% stake in luxury shoe brand Louboutin

By Anna Domanska - Mar 09, 2021

The Agnelli family, owners of Ferrari and Juventus, has become a 24 percent shareholder in luxury shoemaker Christian Louboutin. It invested 541 million euros through its Exor hold

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Amazon announces ‘largest renewable project’ to date

Amazon announces ‘largest renewable project’ to date

By Anna Domanska - Feb 09, 2021

The Amazon-Shell HKN Offshore Wind Project is located 11 miles (18.5 kilometers) off the Dutch coast and covering an area of 125 square kilometers. The offshore wind farm is expect

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Amazon to invest in natural gas trucks to lessen carbon emissions

Amazon to invest in natural gas trucks to lessen carbon emissions

By Anna Domanska - Feb 08, 2021

The company has witnessed a boom in business in the last year with a 38 percent increase in sales. Amazon plans to operate a carbon-neutral business by 2040. The engines in the EV

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Amazon loses bid to delay union forming move at Alabama facility

Amazon loses bid to delay union forming move at Alabama facility

By Anna Domanska - Feb 07, 2021

The National Labor Relations Board (NLRB) of the US has rejected Amazon’s request to postpone a union vote at one of its warehouses in Alabama, giving an opportunity to nearl

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Andy Jassy, AWS Head to Amazon’s next CEO: Change or continuity at the helm?

Andy Jassy, AWS Head to Amazon’s next CEO: Change or continuity at the helm?

By Anna Domanska - Feb 03, 2021

Amazon’s new CEO Andy Jassy has big shoes to fill after Jeff Bezos steps down from his role as long-time CEO. The AWS head will get to test is mettle running one of the world’s

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Amazon to host pop-up vaccination clinic in Seattle HQ

Amazon to host pop-up vaccination clinic in Seattle HQ

By Anna Domanska - Jan 23, 2021

Amazon Inc. plans to set up a pop-up clinic at its Seattle headquarters on January 24 to help vaccinate 2,000 eligible members of the public against COVID-19. The announcement was

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Store Closures Cost European Retail Giant Primark $1.43 Billion in Sales

Store Closures Cost European Retail Giant Primark $1.43 Billion in Sales

By Anna Domanska - Jan 16, 2021

The European retail giant Primark said the COVID-19 had caused a loss of over $1.43 billion (£1.05 billion) in sales from store closures. The fast-fashion retailer is planning to

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Canadian Couche-Tard eyes France's Carrefour

Canadian Couche-Tard eyes France's Carrefour

By Anna Domanska - Jan 14, 2021

The Couche-Tard – Carrefour merger would result in a giant retail chain worth more than $50 billion. The acquisition talks are at an early stage, according to both the compan

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