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A significant portion of this investment, 35.8 trillion won, will be dedicated to electrification efforts to achieve annual electric vehicle sales of 2 million units by 2030.

Hyundai Motor HYMTF unveiled a plan to invest 109.6 trillion won ($85.4 billion) over the next ten years to transform into a 'smart mobility solution provider.'.

Hyundai Unveils $85B Investment Plan To Become An EV Powerhouse federal court ruled that plaintiffs had no reliable scientific evidence that ranitidine could cause any of the plaintiffs' alleged injuries.

The company noted that, in December 2022, a U.S.

The tribunal also confirmed that Sanofi shall not be liable to indemnify Boehringer Ingelheim for any potential losses concerning the ongoing Zantac litigation in the U.S.

Sanofi SA SNY announced that the tribunal dismissed Boehringer Ingelheim's indemnification claim against Sanofi in an International Chamber of Commerce dispute in cancer lawsuits linked to heartburn drug Zantac (ranitidine) in the U.S.

Sanofi Says Arbitration Court Rejects Boehringer's Claims Regarding Heart Burn Drug, Zantac

Alibaba co-founder Jack Ma held a small group meeting with executives from the company's e-commerce platforms, Taobao and Tmal.

Post-transition, Zhang will continue leading the Alibaba Cloud Intelligence Group as its Chair and CEO.

The stock has been trading lower Tuesday following reports of Alibaba naming Eddie Wu, one of the company's co-founders and current Chair of Taobao and Tmall Group, succeeding Daniel Zhang as CEO, effective September 10.

A lot has been brewing at Alibaba Group Holding Limited BABA lately.

Google's potential partners have won India's production-linked financial incentives, which have boosted local manufacturing.Įddie Wu To Succeed Daniel Zhang As Alibaba's CEO.

The company has initiated early conversations with homegrown Lava International Ltd, Dixon Technologies India Ltd, and Hon Hai Precision Industry Co Ltd HNHPF Foxconn Technology Group's Indian unit Bharat FIH.Alphabet Inc GOOG GOOGL Google is pursuing suppliers in India to assemble its Pixel smartphones, borrowing a leaf from Apple Inc's AAPL strategy.Google Eyes Expanding Pixel Smartphone Assembly to India: Strategy Follows Apple's Footsteps 'We just put our application into the Bafin for the digital asset license,' he said, referring to Germany's securities regulator. 'We're building out our digital assets and custody business,' David Lynne, who runs the lender's commercial banking unit, said at a conference Tuesday.David Lynne, the head of the bank's commercial banking unit, shared this information during a conference.

Deutsche Bank AG DB has reportedly submitted a regulatory application to operate a custody service for digital assets, including cryptocurrencies.

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The company can disclose layoffs news as soon as this week.ĭeutsche Bank Wants to Enter Cryptocurrency Market: Applies for Digital Asset Custody License.The company cites the economic impact of the pandemic for headcount cut and plans to reduce the workforce by 5% (or around 360 staff).Grab Holdings Inc GRAB is reportedly planning its biggest round of job cuts since the pandemic.

Grab Plans To Cut Headcount By 5%, Biggest Reduction Since Pandemic There will be an option to purchase more.

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To augment its current 'Premium' tier, Spotify will offer subscribers expanded access to audiobooks through a specific number of hours free per month or a particular number of titles.

Dubbed 'Supremium,' the new tier will be Spotify's most expensive plan and likely offer a HiFi feature it first announced it was working on in 2021.

SPOT is eying a more expensive subscription option likely to include high-fidelity audio to drive more revenue and appease investors. Spotify to Launch New Expensive Subscription Plan, 'Supremium,' Amid Competition with Apple and Amazon

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