Global

Financial crisis at UK’s biggest water supplier worsens

Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan “uninvestable”. Britain’s biggest water supplier said in a statement that £500 million ($630-million) of new equity will “not be provided by Thames Water’s shareholders” this month. The company added it was

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Entretenimiento

Apple supplier Rayprus eyeing Bengaluru facility

After gorilla glass maker Corning announced that it would set up a manufacturing facility in Tamil Nadu, another Apple supplier, Rayprus Technologies, is set to make its manufacturing foray in India. The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus

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Noticias de dinero

Rice imports surge 84.5%; Vietnam still top supplier

THE country’s volume of imported rice almost doubled during the first two months of 2024, data from the Department of Agriculture’s Bureau of Plant Industry (BPI) showed. Rice delivered to the Philippines in January and February totaled 728,254.49 metric tons (MT), higher by 84.57 percent or almost twice the 394,553.66 MT of rice imports in

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Entretenimiento

Tata Electronics-Wistron deal: CCI greenlights Tata Electronics’ acquisition of iPhone supplier Wistron Infocomm

The Competition Commission of India (CCI) has granted approval for the Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The equity shares will be acquired from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong

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Noticias de dinero

Auto supplier Continental to cut thousands of jobs

FRANKFURT: German auto supplier Continental said on Monday it will cut thousands of jobs to reduce costs, at a time the sector is facing severe headwinds. The company, which makes tires and supplies components, said it had not decided on the exact number of job losses but it would be in the “mid four-digit range.”

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Noticias de dinero

German car supplier Schaeffler eyes Vitesco in electric push

FRANKFURT, Germany: German car parts supplier Schaeffler on Monday announced it wanted to buy out Vitesco Technologies, a former division of Continental, in a bit to create a dominant player in the burgeoning electric mobility sector. Schaeffler said it had launched a voluntary public tender offer for powertrain specialist Vitesco, offering 91 euros ($96) per

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