Author: Admin
BERLIN :German drone maker Quantum Systems is close to completing a 150 million euro ($175 million) funding round that could triple its valuation to 3 billion euros, Manager Magazin reported on Thursday, citing unnamed sources.The startup company, whose new drone “Jaeger” is designed to intercept hostile unmanned aircraft, has seen demand surge following recent drone disruptions at major airports.According to the report, Quantum plans to grow by acquiring startup companies and technology providers in the short term. Quantum’s revenue is projected to reach 300 million euros in 2025 and exceed 500 million euros in 2026, the magazine added. A second,…
👉Listen to Politics at Sam and Anne’s on your podcast app👈Following Sam’s scoop that the chancellor is considering tax rises and spending cuts in the budget – who is she actually targeting to fill the black hole? Anne has the latest from the US as she travels with Rachel Reeves to Washington.The duo also chat about Ms Reeves’s economic position, her language and the likelihood of her ever getting out of the dreaded ‘doom loop.’Elsewhere, the prime minister publishes three witness statements by the deputy national security advisor in an attempt to end the China spy row, but has it…
It’s accusing Nio of fraud via manipulation of battery ‘sales’; seeks damages for its purchase of 54 million Nio depositary shares [SINGAPORE] The Republic’s sovereign wealth fund GIC has filed a lawsuit against China electric vehicle (EV) manufacturer Nio , its current chairman and CEO Li Bin (also known as William Li) and former chief financial officer Feng Wei, according to court documents seen by The Business Times on Thursday (Oct 16). GIC is claiming damages sustained from its purchase of 54,458,148 Nio American depository shares (ADSs) during the period from Aug 11, 2020, to Jul 11, 2022, at prices…
WASHINGTON — WASHINGTON (AP) — For a generation of young Americans, choosing where to go to college — or whether to go at all — has become a complex calculation of costs and benefits that often revolves around a single question: Is the degree worth its price?Public confidence in higher education has plummeted in recent years amid high tuition prices, skyrocketing student loans and a dismal job market — plus ideological concerns from conservatives. Now, colleges are scrambling to prove their value to students.Borrowed from the business world, the term “return on investment” has been plastered on college advertisements across…
TOKYO :Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and a failure to safeguard the interests of minority shareholders.An August 8 letter – made public on Thursday – from some two dozen asset managers including AllianceBernstein, Neuberger Berman and Schroders, is likely to deepen scrutiny of a deal that promises a landmark unwinding of cross-shareholdings and to strengthen the influence of the founding Toyoda family within the group.The transaction is being closely watched as it involves an overhaul of the country’s most…
[HAMAMATSU (Shizuoka)] He was a wide-eyed 24-year-old when he first stepped onto Japanese soil in 1998, barely able to speak a word of the language. Now, Dr Binu Lal Sadanandan has built a life in Japan and witnessed the country’s evolving demographic landscape. He took a leap of faith when he decided to pursue a PhD in geosciences at Shizuoka University, arriving in a pre-smartphone era with no easy access to online maps and translation apps, and fuelled by a fascination with a country known for its anime, omotenashi hospitality and monozukuri craftsmanship.Now 51, the Indian national has spent more…
[LONDON] Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday (Oct 16), as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery.Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive over an undisclosed relationship with a direct report.Nestle has endured an unprecedented period of managerial turmoil, with chairman Paul Bulcke stepping down early to make way for former Inditex chief Pablo Isla two weeks later.A 1.5 per cent rise in real internal growth…
Derek Jeter, David Ortiz, Alex Rodriguez and Kevin Burkhardt broke down how the Toronto Blue Jays can bounce back after losing first two games in ALCS to Seattle Mariners.
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025.Nurphoto | Nurphoto | Getty ImagesHong Kong-listed shares of Nio plunged over 12% after Singapore’s sovereign wealth fund sued the Chinese electric vehicle maker for allegedly violating securities laws by inflating its revenues.The lawsuit named Nio’s CEO Li Bin and former Financial Officer Feng Wei as defendants, according to a court document filed in August in the Southern District of New York court.Shares of Nio on the Singapore Exchange tumbled over 9%.CNBC has reached…
The participating networks are Singapore’s Nets, Malaysia’s PayNet, Vietnam’s Napas, Philippines’ BancNet, Indonesia’s Artajasa and Rintis[SINGAPORE] Six Asean payment networks on Thursday (Oct 16) have signed a memorandum of understanding (MOU) to establish a common global standards body for non-card instant retail payments. Participating networks are Singapore’s Nets, Malaysia’s PayNet, Vietnam’s Napas, the Philippines’ BancNet and Indonesia’s Artajasa and Rintis.The agreement was named the George Town Accord after the Malaysian city where it was signed on Oct 9, marking the beginning of the Next50 Common Standards project. Next50 sets out a road map for the “next 50 years of payment…