Volkswagen It will build its $2.2 billion, all-electric plant in Wolfsburg, Germany. The modern facility will be located near the company’s headquarters and will produce about 250,000 vehicles annually. The decision to build the new plant came after Volkswagen realized that it was easier to build a new plant from scratch than to retrofit existing … Read more
McDonald’s faces scrutiny over its business dealings in Russia.Photograph: Lucy Nicholson/Reuters McDonald’s and PepsiCo, along with many other companies, are being urged to wind down their business in Russia. The New York State Comptroller wrote to several companies calling for action, in Reuters. British politician John Mann made similar requests. McDonald’s and PepsiCo are among … Read more
Elon Musk earlier introduced Starlink satellite stations to Ukraine after an internet outage. Kyiv: In the wake of Russia’s escalating bombing of neighboring Ukraine, President Volodymyr Zelensky said today that he has spoken to billionaire Elon Musk about the warannouncing that Ukraine will receive another batch of Starlink satellite broadband systems for “ruined cities” from … Read more
Get the Insider app Custom feed, summary mode, and ad-free experience. Download the app closing symbolTwo intersecting lines form an “X”. Indicates a method for closing an interaction or dismissing a notification. Some governments have told SpaceX subsidiary Starlink to block Russian news sources from Starlink. On Saturday, Elon Musk tweeted that the company would … Read more
Makers of a device that repairs McDonald’s ice cream machines filed a $900 million lawsuit against the international fast food chain on Tuesday. A small company known as Kytch is suing McDonald’s in Delaware federal court for allegedly disparaging the company through false advertising, According to a 133-page court filing. “Kytch brings this action to … Read more
“Our goal is not to hurt anyone. It’s just so the Russian government doesn’t have another tool in its war chest,” Schaeffer said in an interview with The Washington Post. The story continues below the ad Cogent, based in Washington, D.C., is one of the world’s largest providers of what’s known as the Internet’s backbone … Read more
Stock futures headed to a lower open on Friday morning as investors awaited a key update on the labor market recovery and continued to monitor the global economic fallout from the Russian war in Ukraine. Contracts on the S&P 500 retreated to extend the declines from Thursday. Treasury yields fell further as traders piled into … Read more
Here’s a look at the latest announcements from the major companies. the cars stronghold Tuesday announced that it was comment its operations in Russia. The American automaker owns a 50% stake in Ford Sollers, a joint venture that employs at least 4,000 people and is shared with Russia’s Sollers. Ford had said earlier Tuesday that … Read more
font size Shares of cloud data software company Snowflake fell sharply. dream time snowflake The stock was falling sharply after the cloud data software company published disappointing guidance for its fiscal year 2023 that overshadowed strong results for the fourth fiscal quarter ended Jan. One of the most expensive cloud software stocks by almost any … Read more
Workers at a REI store in New York City voted to form a union on Wednesday, creating the only union in the outdoor clothing and equipment retailer. The vote, which took place in the store, was 88 to 14. The vote in Manhattan’s Soho neighborhood followed a series of union efforts at prominent service industry … Read more
