Companies


    • Samsung vows to invest $206bn by 2023

      Samsung vows to invest $206bn by 2023

      The technological conglomerate Samsung announced it would invest some 206 billion dollars by 2023 to boost the its post-pandemic recovery. The company confirmed it would expand its influence in areas like biopharmaceuticals, artificial intelligence, semiconductors and robotics, Reuters reported.

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    • Volvo halts key plant over chip shortage

      Volvo halts key plant over chip shortage

      The Swedish carmaker Volvo announced it had decided to stop temporarily production activities in its main plant located in Torslanda, on the outskirts of Gothenburg. The reason for stopping production is linked to the acute global shortage of semiconductor chips which are essential for the automotive industry, Reuters reported.

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    • Pfizer buys out Trillium in $2.26bn deal

      Pfizer buys out Trillium in $2.26bn deal

      Pharmaceutical companies Pfizer and Trillium announced they had agreed over a 2.26 billion deal. The definitive agreement envisages that Pfizer will acquire all Trillium outstanding shares, Reuters elaborated. The Canadian company Trillium is developing medicines that boost patients' innate immune system to detect and destroy cancer cells. Its two lead candidates, which focus on types of blood cancer, are currently in early-stage studies.

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    • GM launches a $1.8bn EV recall

      GM launches a $1.8bn EV recall

      The leading US carmaker General Motors announced it had launched a massive campaign to recall all its Chevrolet Bolt electric vehicles. The cost of the overall campaign is expected to surge as high as 1.8 billion dollars, AP reported. The recall is over safety concerns linked to the battery. Some conclusions and further analysis confirmed that the function of the battery may provoke a fire.

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    • Apple will not bring back staff to office until 2022

      Apple will not bring back staff to office until 2022

      The technological conglomerate Apple announced it planned to delay recalling its staff to offices until at least 2022 over safety concerns linked to rising number of Covid-19 infections in major industrial countries. Employees of the company were informed about the decision of the senior management via a memo that was send to corporate mails, BBC elaborated.

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