May 26, 2023 10:54 am UTC| Market Roundups Economy
Market Roundup UK Apr Retail Sales (MoM) 0.5%, 0.4% forecast, -0.9% previous Sweden Apr PPI (YoY) 1.3%, -0.6% forecast, 3.5% previous UK Apr Core Retail Sales (MoM) 0.8%, 0.3% forecast, -1.0% previous UK...
Nestlé Reveals New Operations Chief to Replace Retiring Magdi Batato
May 26, 2023 10:50 am UTC| Business Economy
Nestlé SA food and drink company announced it has appointed the new companys head of operations. Effective on July 1, Stephanie Pullings Hart will be the new deputy head of operations, and she will be stationed at...
Mercedes-Benz Appoints Korean Exec for a Key Role in US for the First Time
May 26, 2023 09:54 am UTC| Business Economy
Mercedes-Benz has promoted an executive from its Korean unit to become the customer service chief in its U.S. office. Kim Jee Seop was assigned to the role, and this is the first time that the German luxury vehicle company...
Asda Reportedly Finalizing £10B Merger Deal With EG Group
May 26, 2023 09:32 am UTC| Business Economy
Asda is reportedly in the midst of finalizing its merger agreement with UK-based EG Group, which operates filling stations, fast-food outlets, and convenience stores. Reportedly, the deal will include more than 500 million...
Panera Brands Promotes Exec to CEO Post Amid IPO Plans
May 26, 2023 07:23 am UTC| Business Economy
Panera Brands Inc., an American bakery-cafe chain store, revealed it has promoted one of its high-ranking executives to become its new chief executive officer. The promotion comes as the company reportedly plans for an...
LG Electronics Starts EV Charger Production
May 25, 2023 23:37 pm UTC| Economy Business Technology
LG Electronics Inc. has begun mass-producing electric vehicle (EV) chargers at the LG Digital Park in Pyeongtaek to advance into the EV charging solutions business amid the global electrification trend. Last year, it...
Samsung To Invest ₩30 Billion in Advancing Smart Factories for SMEs
May 25, 2023 23:33 pm UTC| Technology Economy Business
Samsung Electronics Co. will invest 30 billion won over the next three years in its Smart Factory 3.0 project which would transform SMEs manufacturing facilities into smart factories usingartificial intelligence (AI) and...
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