Indonesia Energy Corp. Ltd. (IEC) is a prominent player in the oil and gas sector, focusing on exploration and production. Established in 2014 by James J. Huang and Wirawan Jusuf, the company has grown rapidly […]
The Dutch Data Protection Authority has imposed a €290 million fine on Uber for allegedly violating data protection regulations. The U.S.-based ride-hailing company is accused of transferring the personal data of its European drivers to […]
Volkswagen has been struggling with its electric vehicles for some time now. Due to low demand, even the Audi plant in Brussels is at risk. Furthermore, the company faces potential million-dollar compensation payments in Russia. […]
The field of bidders for the planned multi-billion deal is shrinking. The Danish shipping giant Maersk finds itself overwhelmed by one particular aspect of the railway subsidiary. Düsseldorf. In the bidding competition for its logistics […]
Tesla has officially confirmed that, following the implementation of new tariffs on electric vehicles manufactured in China, it will be forced to increase the price of the Model 3 in the European market. As a […]
A deep dive into the financial statements of Germany’s largest automaker reveals significant challenges: costs are exorbitant, and returns are weak. Experts believe the company’s profit targets are at risk. At times, Oliver Blume, the […]
Despite a general slowdown in venture capital funding, the artificial intelligence (AI) sector experienced substantial growth in 2023. Throughout the year, AI companies raised an impressive $50 billion in venture capital investments, showcasing a notable […]
In recent years, Amazon has emerged as the dominant force in the US delivery landscape, surpassing both UPS and FedEx in parcel volume. The e-commerce giant has overtaken UPS in 2022 and FedEx back in […]
UPS CEO Carol Tome has revealed that the costs associated with the new Teamsters contract are significantly lower than the union’s claim of “$30 billion in new money.” In an exclusive interview with CNBC, Tome […]
General Motors will soon offer an electric crate-motor package to allow people to replace gasoline-powered engines with fully electric propulsion systems in classic cars. It’s dubbed the Electric Connect and Cruise eCrate Package and it […]