Eurasia

BuzzFeed, Inc. (NASDAQ:BZFD) shares are rising on Thursday. The firm entered into a multi-year license and strategic partnership with Independent Digital News and Media. The agreement merges well-known brands like The Independent, BuzzFeed UK, Tasty UK, Seasoned, and HuffPost UK,...

Toyota Motor Corporation (NYSE:TM) said its worldwide sales, including Lexus, fell 6.9% in February. The decrease indicates the first year-over-year decrease in thirteen months.  Worldwide production slumped 2.6% year over year in February. The monthly sales were hurt by a sharp...

Mercedes-Benz Group AG (OTC:MBGYY) is reportedly facing liability after a German court ruled against the company in a consumer class action case concerning diesel emissions reports. The Stuttgart Appeals Court’s ruling, published Thursday, holds Mercedes-Benz Group AG responsible for...

Stellantis N.V. (NYSE:STLA), the manufacturer behind Fiat cars, has reportedly finalized new agreements with Italian unions for voluntary layoffs, potentially reducing its workforce by over 3,000 roles. New deals for more than 1,000 layoffs were reached on Wednesday across Italian facilities...

UBS Group AG (NYSE:UBS) inked a deal with Apollo Global Management Inc. (NYSE:APO), under which ATLAS SP has concluded its Transition Services Agreement with the Swiss bank. As part of this deal, Apollo will purchase senior secured financing facilities worth $8 billion from UBS...

Chinese electric vehicle maker BYD Company (OTC:BYDDY) (OTC:BYDDF) has reportedly outlined ambitious sales targets for 2024, aiming to reach 3.6 million units, marking a 20% increase from its previous sales. BYD aims to sell 500,000 vehicles internationally in 2024, doubling last year’s...

Ferrari N.V. (NYSE:RACE) has signed a Memorandum of Understanding with battery manufacturing company SK On to renew the two companies’ ongoing technological collaboration. As per the company’s statement, these exchanges help both companies envision new...

Renault SA (OTC:RNLSY) revealed a second transaction with its intention to sell to Nissan Motor Co Ltd’s (OTC:NSANF) (OTC:NSANY) up to 100.24 million Nissan shares, representing approximately 2.5% of Nissan’s capital. This transaction follows the sale of Nissan...

HSBC Holdings plc (NYSE:HSBC) disclosed the launch of a Venture Debt offering worth $150 million in Singapore and a $1 billion ASEAN Growth Fund. The bank aims to scale high-growth companies and digital platform businesses. The Venture Debt capability offers companies a longer term...

VinFast Auto Ltd (NASDAQ:VFS) has signed letters of intent (LOI) with 15 dealers in Thailand to expand its distribution network. Under the agreement, VinFast and the dealers will work to open 22 showrooms concentrated on major roadways in the Greater Bangkok Area.  The company’...

Honeywell International Inc (NASDAQ:HON) disclosed the intention to acquire all outstanding shares of Civitanavi Systems S.p.A. Civitanavi provides position navigation and timing technology for the aerospace, defense, and industrial markets.  The company will initiate a voluntary...

Toyota Motor Corp (NYSE:TM) reportedly plans to commence mass production of an electric Hilux pickup truck by the end of 2025, as affirmed by Noriaki Yamashita, the president of Toyota Thailand. The move follows Isuzu Motors’ (OTC:ISUZY) recent declaration to manufacture its battery...

Exxon Mobil Corporation (NYSE:XOM) reportedly warned about Australia’s domestic gas supply outlook in a speech at the Australian Domestic Gas Outlook (ADGO) conference in Sydney. The oil giant’s Australia’s Commercial Director David Berman said there is an urgent need for new...

TotalEnergies SE (NYSE:TTE) penned a Heads of Agreement (HoA) with China Petroleum and Chemical Corporation (OTC:SNPMF) (SINOPEC) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC’s refinery in China. SINOPEC and TotalEnergies will jointly...

KKR & Co. (NYSE:KKR) inked a deal with WEAVE LIVING to create a strategic partnership to invest in rental housing assets in South Korea, mainly Seoul.  The strategic collaboration targets the creation of a rental housing asset portfolio of around 1,200 units. This deal marks the...