International Business and Company News | Business News
September 28, 2020

Business

Business

Rivian- expect prices lower than previously announced

MILL VALLEY, California- Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. Rivian founder and chief executive R.J. Scaringe told Reuters the mid-range R1T pickup truck […]
Business

H&M says data protection breaches unacceptable

STOCKHOLM/FRANKFURT- Fashion retailer H&M said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team has taken a range of action and is in close dialogue with all colleagues”, an H&M spokeswoman
Business

FAA could approve MAX return to service before mid-year

WASHINGTON – Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX’s return to service before mid-year – a faster time frame than the planemaker suggested this week, people briefed on the calls said. Dickson’s calls came as the FAA issued […]
Business

Nestle and Canadian plant-based ingredient makers team up

WINNIPEG, Manitoba/ZURICH- Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Meat substitutes from plants in burgers, nuggets and many other foods are a fast-growing industry, driving up demand for […]
Business

German airline Condor acquired by Polish carrier LOT

FRANKFURT/BERLIN – Polish carrier LOT is acquiring Thomas Cook’s German airline Condor, creating a leading aviation group in Europe carrying more than 20 million passengers a year, the companies said on Friday. Condor, which according to sources was sold for about 300 million euros (£252 million), operates a fleet of more than 50 aircraft while […]