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Industries: Page 289
Walmart’s Payments Startup PhonePe Seeks to Raise $1 Billion
To prepare for an initial public offering, which the people said is at least 18 to 24 months away, PhonePe has flipped its headquarters to India from tax-friendly Singapore.
Car Sales in China Drop as COVID Lockdowns Kept Buyers at Home
China’s automotive industry, like most others, has been hampered by the country’s COVID Zero approach, which officials only recently started stepping away from.
Report Links Car Supply Chain to Forced Labor in China
The authors claim China's systematic repression of the Uyghurs and opaque supply chains has allowed the automotive industry to become reliant on abusive suppliers.
Kroger Raises Profit Outlook as Regulators Weigh Albertsons Purchase
For Kroger, the next year is critical as it awaits the outcome of its proposal to buy Albertsons for $24.6 billion.
Watch: What's Happening With Parcel Rates?
Rick Thomas, senior vice president of business development with GEODIS, offers an overview of current parcel carrier rates and surcharges, and what the coming peak season might look like.
Oil Tankers Queue up off Turkey as Price Cap on Russian Crude Begins
The tanker buildup is the first sign of the impact of the cap on the international oil market, which has been upended by the war in Ukraine.
Tesla Hands Over First ‘Badass’ Big Rig Semis to PepsiCo
Large fleet operators like PepsiCo, Walmart Inc., Meijer Inc. and J.B. Hunt Transport Services Inc. were among the companies that placed non-binding reservations for the Semi starting in 2017.
Tesla Plans to Cut Output of EVs at Shanghai Factory
The trimming marks the first time Elon Musk’s EV maker has voluntarily reduced production at its Shanghai plant.
Apple to Move Production Out of China
The company is acting after turmoil at its biggest iPhone manufacturing site, a Foxconn facility in Zhengzhou, China.
EU Agrees to Set $60 Price Cap Level for Russian Oil Exports
Diplomats have been under pressure to nail down the cap plan before EU sanctions on seaborne Russian oil kick in December 5.
Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo
The smuggling process builds on operations in Russian-occupied Ukraine, where trucks have moved stolen grain through a clandestine system to Crimea.
Cooling Demand Squeezes Factory Activity in Europe and Asia
Manufacturing had just started to recover from pandemic-related lockdowns and supply-chain disruptions, making the global slowdown a rising concern.
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