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Meta eyes stake in maker of Ray-Ban in smart glasses push
META Platforms is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses. Meta, which has collaborated…
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VinFast US factory delay just the latest setback for EV maker
VINFAST Auto’s decision to delay its US factory is the latest challenge to its ambition of becoming a global electric vehicle (EV) brand and places further pressure on its sales…
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Russia Planned Assassination Of German Arms Maker: CNN
The United States foiled a Russian plot earlier this year to assassinate the chief executive of a major German arms maker supplying weaponry to Ukraine, CNN reported on Thursday. The…
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Carlsberg Quaffs British Soft Drinks Maker Britvic For GBP3.3 Bn
Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for GBP3.3 billion ($4.2 billion). The announcement came little more than…
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Battery maker LG Energy’s profit sinks on global EV slowdown
BATTERY maker LG Energy Solution’s second-quarter profit missed analyst estimates, as sales of electric vehicles (EVs) continued to slow. Operating profit for three months ended Jun 30 dropped 58 per…
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Chinese EV maker BYD to acquire 20% stake in Thai distributor
Chinese electric vehicle maker BYD will acquire a 20 per cent stake in its Thai official distributor Rever Automotive after opening its first manufacturing plant in the South-east Asian market. …
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Blackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source
PRIVATE equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen (S$2.9 billion), a source…
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Wilmar raises its stake in Pakistan edible oils maker to 42.17%
The group’s subsidiary and a related company buy around US$15.4 million worth of shares in Unity Foods WILMAR International has upped its effective stake in Unity Foods, a Pakistan-listed edible…
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VW To Invest $5 Bn In EV Maker Rivian, Establishing Joint Venture
German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced…
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Drinks maker Britvic rejects £3.11 billion takeover proposal from Carlsberg
BRITISH soft drinks maker Britvic has rejected a £3.11 billion (S$5.3 billion) takeover proposal from Carlsberg Group, the companies said on Friday (Jun 21), the second approach from the Danish…
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KitKat maker sees chocolate demand ebbing as cocoa costs creep in
CONSUMERS will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle executive warned. Cocoa futures…
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Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
SHARES of Top Glove Corporation soared after the Malaysian glove maker on Wednesday (Jun 19) reported a net profit of RM50.7 million (S$14.5 million) for the third quarter ended May…
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Luxury sneaker maker Golden Goose postpones planned IPO
PERMIRA-BACKED luxury sneaker maker Golden Goose Group has decided to postpone its planned initial public offering (IPO). Golden Goose and its owners have taken the decision to shelve the listing…
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EV maker Fisker files for bankruptcy after its glitchy SUV flops
FISKER filed for bankruptcy on Monday (Jun 17), months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. The company listed between US$500 million and…
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British PC maker Raspberry Pi soars in London trading debut
BRITISH personal computer (PC) maker Raspberry Pi shares jumped on its first day as a public company, offering a boost to London’s struggling market for new stock listings. Shares of…
