Tesla to lose millions as Stellantis ends CO2 credit buying deal

Tesla to lose millions as Stellantis ends CO2 credit buying deal

By Anna Domanska - May 07, 2021

Stellantis, the carmaker formed earlier this year by the merger of Fiat Chrysler and PSA, has revealed that it no longer needs to buy emission credits from Tesla, which will result

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AB InBev CEO Brito to step down

AB InBev CEO Brito to step down

By Anna Domanska - May 07, 2021

Anheuser-Busch InBev SA’s Chief Executive Officer Carlos Brito will step down from his role, effective July 1 and Michel Doukeris will succeed him as the new CEO. Brito, who beca

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Australia's Officeworks stops sales of Apple's AirTags on child safety concerns

Australia's Officeworks stops sales of Apple's AirTags on child safety concerns

By Anna Domanska - May 06, 2021

Officeworks, the Australian office supply store chain, has pulled Apple’s newly launched AirTags from its store following safety concerns for children from its button battery

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Ex Google AI scientist joins Apple after resigning in protest for unfair practices

Ex Google AI scientist joins Apple after resigning in protest for unfair practices

By Anna Domanska - May 05, 2021

Apple, Inc. has hired a former Google AI scientist who resigned in protest against the firing of two employees from the Ethics division. Sammy Bengio, the ex-Google employee, will

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Solid Power raises $130 million in second funding round from Ford and BMW

Solid Power raises $130 million in second funding round from Ford and BMW

By Anna Domanska - May 05, 2021

Solid Power, a solid-state battery system startup, has raised $130 million in Series B funding led by Ford Motor Company and BMW Group. The Louisville, Colorado-based SSB developer

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Intel plans to invest $3.5 billion in New Mexico chip unit

Intel plans to invest $3.5 billion in New Mexico chip unit

By Anna Domanska - May 04, 2021

Intel plans to invest $3.5 billion in its New Mexico factory as part of a plan to expand domestic manufacturing investments. This is one of the largest single investments by the co

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Credit Suisse loses $5.4 billion in Archegos Capital collapse

Credit Suisse loses $5.4 billion in Archegos Capital collapse

By Anna Domanska - May 04, 2021

Archegos is a family investment firm run by fund manager Bill Hwang, who borrowed billions of dollars from nine global banks to speculate on stocks. The implosion of the fund cause

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Barclays sees triple net profit in latest quarter

Barclays sees triple net profit in latest quarter

By Anna Domanska - May 03, 2021

Barclays PLC logged a stellar performance in its first quarter with net profit almost tripling on the back of a brighter economic outlook for both the UK and US. The stimulation pa

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AstraZeneca racks up $275 million with vaccine sales

AstraZeneca racks up $275 million with vaccine sales

By Anna Domanska - May 03, 2021

AstraZeneca’s first-quarter earnings doubled, with its Covid-19 vaccine generating $275 million in revenue. The pharma company’s revenue for the quarter rose 15 percent

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