DoorDash to buy Deliveroo for $3.8bn
US-based food delivery firm DoorDash has agreed to acquire UK rival Deliveroo for £2.9bn ($3.8bn). Deliveroo is a British multinational…
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BYD breaks ground on assembly plant in Cambodia
Chinese electric vehicle manufacturer BYD has broken ground on a new assembly plant in Cambodia, marking an expansion of its…
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US approves $5bn TotalEnergies loan for Mozambique LNG project
The US Export-Import Bank has sanctioned a $5bn (€4.61bn) loan to support the Mozambique LNG project spearheaded by TotalEnergies, marking…
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Wayve launches AI automated driving hub in Germany
Wayve, a UK-based startup focused on self-driving technology, has established an on-road testing and development hub in Germany to advance…
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Iberdrola’s subsidiary completes sale of Baixo Iguaçu hydroelectric plant
Neoenergia, a Brazilian energy distributor and a subsidiary of Iberdrola, has completed the sale of the Baixo Iguaçu hydroelectric power…
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Chery launches automotive spare parts distribution centre in UAE
Chery, a Chinese automotive brand, has opened what it claims to be the largest automotive spare parts distribution centre in…
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Stellantis to boost production in Italy from 2026 – report
Netherlands-headquartered Stellantis has launched a plan aimed at revitalising its manufacturing footprint in Italy, despite the challenging market environment for…
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Petro-Victory to acquire 13 oil-producing fields in Brazil from Brava Energia
American company Petro-Victory Energy, in partnership with Brazilian Azevedo e Travassos Petroleo (ATP), has signed an agreement with Brava Energia…
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Hyundai and BAIC bolster China JV with $1.1bn investment
Hyundai and its Chinese partner BAIC have decided to invest $1.1bn in their China-based joint venture (JV), Reuters reported citing…
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Schaeffler to close plants in Austria and Britain as part of restructuring strategy
Schaeffler, a German manufacturer of machine and car parts, has confirmed the closure of two production facilities in Austria and…