The company said it sold 129.8 million primary shares in the deal , up from the planned 118 million shares. BYD said the deal was the largest follow-on share offering in the automotive sector in a decade. Al-Futtaim Family Office,…
The round is the second largest for a biotech startup this year, behind only London-based Verdiva Bio, which creates treatments for obesity and cardiometabolic diseases, which raised $411 million in a Series A in January. Eikon uses ultra-high-resolution microscopy to…
The deal will almost double Sapa’s revenue to €700 million ($728 million) and expand ties between the automotive interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, the statement said. The terms are not disclosed.…
Commercial relocations, whether for offices or warehouses, present a unique set of challenges that can significantly disrupt business operations if not handled properly. From managing delicate office equipment to transporting heavy warehouse machinery, the complexities are numerous. Businesses in Vancouver…
With No Explanation or Rights: Amazon Decides to Withhold Client Funds On April 6, 2023, Amazon froze WallProfit’s accounts, cutting off the company’s access to its own funds and goods without explanation or legal basis, leaving us against a wall…
Generative AI is nowhere near being able to operate without intensive human oversight. Even seemingly mundane communication tasks cannot be feasibly automated without losing important information. For now, AI is still just a tool for workers to use, not a…
Norway leads in electric vehicle adoption but faces challenges in scaling charging infrastructure, exemplified by Easee’s compliance issues. Former CEO Jonas Helmikstøl reflects on the pressures of rapid growth and personal turmoil. His journey highlights the need for balance between…
Professor Haruko Satoh from the Osaka School of International Public Policy and Dr. Satu Limaye, Vice President and Research Program Director at the East-West Center in Washington, discuss the evolving role of the Quadrilateral Security Dialogue, a strategic partnership between…
US power is declining and an Axis of Disorder is rising to take its place. The world order is becoming riskier for business executives. Companies must adopt a proactive approach to risk and have plans in place for when —…
In “Outside the Box,” I interrogate ChatGPT to better understand how AI “reasons.” It’s like a conversation with an intelligent friend, sharing ideas and challenging some of the explanations. My experience with AI tells me it is pretty good with…
Wharton’s John Paul MacDuffie warns of an upcoming shakeout in the electric vehicle market. He says vertically integrated EV makers like Tesla and China’s BYD, as well as legacy automakers and well-funded startups, are the most likely to survive it.…
Creating an invoice is a crucial task for any business, whether large or small. Proper invoicing ensures that payments are received on time and that both the business and its clients have a clear record of the transactions. For those…