Tag Archives: Consumer product manufacturing

VW readies Porsche IPO in one among Europe’s largest listings

FILE --A Porsche 911 GT3 with Touring Package is on display during an event of German car maker Volkswagen on the eve of the opening of the International Frankfurt Motor Show IAA in Frankfurt, Germany, Monday, Sept. 11, 2017, which runs through Sept.

FRANKFURT, Germany — Volkswagen was nearing the end line Wednesday because it readied the sale of shares in luxurious carmaker Porsche forward of an anticipated market itemizing that may rank among the many largest such choices in European historical past. The German automaker estimates the deal may reap as a lot as 9.5 billion euros…

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VP Harris seeks pc chip companions in Tokyo

U.S. Vice President Kamala Harris visits Zojoji Temple on the day of the state funeral for former Prime Minister Shinzo Abe, Tuesday, Sept. 27, 2022, in Tokyo. (Leah Millis/Pool Photo via AP)

TOKYO — Armed with a brand new legislation that enhances U.S. help for pc chip manufacturing, Vice President Kamala Harris is in search of new investments and partnerships as she sits down with Japanese expertise executives. Harris was assembly with the CEOs on her final full day in Tokyo on Wednesday, a mirrored image of…

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After 90 years, German bakery to shut as power prices soar

Bread is displayed for sale at the family bakery of Engelbert Schlechtrimen in Cologne, Germany, Wednesday, Sept. 21, 2022. For 90 years, the family of Engelbert Schlechtrimen has been baking wheat rolls, rye bread, apple, cheese and chocolate cakes

COLOGNE, Germany — For 90 years, Engelbert Schlechtrimen’s household has been baking wheat rolls, rye bread and chocolate truffles on this western German metropolis. Subsequent month, they are going to flip off the ovens for good, as a result of they will not afford rising power costs ensuing from Russia’s warfare in Ukraine. Schlechtrimen’s grandparents…

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Nissan desperate to leverage US tax credit score on electrical automobiles

This photo provided by Nissan shows the 2023 Nissan Leaf, a small electric hatchback with an EPA-estimated range of up to 215 miles. (Jay K. McNally/Courtesy of Nissan North America via AP)

TOKYO — Nissan will extra aggressively push electrical automobiles to reap the benefits of a brand new U.S. regulation that offers as much as $7,500 in tax credit, the Japanese automaker mentioned Friday. President Joe Biden signed the landmark local weather change and well being care invoice into regulation final month. The tax credit score…

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Palestinian toll mounts as Israel steps up West Financial institution raids

Palestinian toll mounts as Israel steps up West Bank raids

TUBAS, West Financial institution — No less than 85 Palestinians have been killed within the West Financial institution this 12 months as Israeli forces have carried out nightly raids in cities, cities and villages, making it the deadliest within the occupied territory since 2016. The navy says the overwhelming majority have been militants or stone-throwers…

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Drought forces earliest harvest ever in French wine nation

Italy seeks to bring home family whose son died in Egypt

BORDEAUX, France — The panorama within the prestigious vineyards of Bordeaux seems to be the identical as ever, with wholesome, ripe grapes hanging heavy off rows of inexperienced vines. However this 12 months one thing is starkly totally different in certainly one of France’s most celebrated wine areas and different elements of Europe. The harvest…

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Lebanon-bound ship brings hope, not resolution to meals disaster

FILE - Russian, Ukrainian, Turkish and U.N. officials arrive to the cargo ship Razoni for inspection while it is anchored at the entrance of the Bosphorus Strait in Istanbul, Turkey, Wednesday, Aug. 3, 2022. The Sierra Leone-flagged Razoni, loaded up

BEIRUT — A ship bringing corn to Lebanon’s northern port of Tripoli usually wouldn’t trigger a stir. However it’s getting consideration due to the place it got here from: Ukraine’s Black Sea port of Odesa. The Razoni, loaded with greater than 26,000 tons of corn for hen feed, is rising from the perimeters of a…

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Ferrari earnings up 22% on surging deliveries to Americas

FILE - In this Wednesday, Aug. 1, 2018 file photo, the logo for Ferrari is displayed above a trading post on the floor of the New York Stock Exchange. Luxury Italian automaker Ferrari is raising its forecast for the year 2022 after reporting a 22% in

MILAN — Luxurious Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% enhance in second-quarter earnings as gross sales within the Americas surged. The maker of high-performance luxurious sports activities vehicles reported internet earnings of 251 million euros ($257 million) in April by way of June, up from 206 million euros in…

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Court docket upholds Taiwan tycoon’s sentence in tainted oil case

Italy seeks to bring home family whose son died in Egypt

TAIPEI, Taiwan — A court docket has upheld a nine-year jail time period for one in every of Taiwan‘s richest businesspeople on prices of promoting tainted cooking oil. Wei Ying-chung, former chairman of Ting Hsin Oil and Fats Industrial Co., will go to jail for a 3rd time in two instances involving adulterated oil following…

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Sony sees revenue rise regardless of waning curiosity in video video games

Sony sees profit rise despite waning interest in video games

TOKYO — Sony’s revenue edged up 3% within the final quarter, weathering manufacturing setbacks from COVID-19 lockdowns in Shanghai and a pattern away from video gaming as pandemic restrictions eased elsewhere. Tokyo-based Sony Corp.’s April-June revenue totaled 218 billion yen ($1.6 billion), up from 212 billion yen a 12 months earlier, the Japanese electronics and…

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