In the third quarter, Tesla, an American company, saw a 6.4% rise in deliveries compared to the previous year, reaching 462.89 thousand electric cars, as stated in the company's official statement. Sales of Model 3 and Model Y, lower-priced models, accounted for 439,975 thousand, while the remaining sales totaled 22,915 thousand. The average estimate from analysts on Wall Street was for the...

According to sources familiar with the matter, Boeing Co. may raise a minimum of $10 billion by issuing new shares, as stated by Bloomberg. The company needs the funds to refill reserves, which were drained due to the employees' strike, among other reasons. As per the agency's informants, the company is exploring different alternatives with advisors. According to sources from Bloomberg, Boeing...

TotalEnergies of France is acquiring a 45% interest in the Eagle Ford Basin dry gas project in Texas from Lewis Energy Group, a US company. The French company stated that the agreement enhances TotalEnergies's involvement in the American gas value chain. The acquired assets are expected to yield approximately 400 million cubic feet of gas per day by 2028. During April, TotalEnergies purchased...

The Financial Times reports that the US FBI is investigating Hone Capital, a California-based venture capital fund financed by Chinese money, to determine if it has obtained trade secrets from US technology startups. Hone Capital was founded in 2015 with an initial investment of $115 million from a Chinese private equity firm. The venture fund invested in many IT startups, such as self-driving...

Swisscom announced that the European Commission has given its approval for Swisscom to acquire Vodafone's Italian division for €8 billion. In March 2024, the Swiss company declared its purchase of Vodafone Italia. In August, Swisscom sent a report to the EC's competition department regarding foreign investment regulations. On September 23, the regulator announced that the assessment of the...

According to the Financial Times, the SRC Rare Earth Processing Facility is set to start operating in Saskatoon, Saskatchewan this week. The Saskatchewan Research Council (SRC) constructed a facility worth C$100 million ($74 million) to process rare earth elements (REE) from Australia, Brazil, and Vietnam before Canadian deposits are utilized. Mike Crabtree, CEO of the SRC Rare Earth Processing...

Inspire Investing Inc., an investment advisor specializing in 'biblically responsible investing', was penalized by the SEC for not meeting the required standards. The regulatory authority reports that Inspire stated that it employs a data-focused approach to assess possible investment opportunities and refrains from investing in firms linked to specific business practices contradicting biblical...

United States Steel Corp. provided a positive financial forecast for the third quarter and expressed continued confidence in obtaining the required approvals for its acquisition by Japan's Nippon Steel. The press office of US Steel stated that the agreement is anticipated to be finalized by the conclusion of this year. In December 2023, Nippon Steel revealed plans to acquire its American...

NTPC Green Energy, a subsidiary of India's government-owned power company NTPC, intends to generate as much as 100 billion rupees ($1.2 billion) through an IPO, according to Bloomberg's report. NTPC Green Energy, a renewable energy company, intends to use the earnings to support a subsidiary for addressing India's increasing energy demands and for settling debts.   Companies like Swiggy,...