Business

Nissan warns costs must fall to make new electric cars in UK

A senior boss at Nissan has warned the “economics have to work” for the company to make new electric models of its Juke and Qashqai cars in the UK.

February 7, 2023 4:53 am
 

Business

UK battery start-up set to be bought by Australian firm

An Australian firm has been named as the preferred bidder for Britishvolt, the UK battery start-up which collapsed last month.

February 7, 2023 3:28 am
 

Business

Renault board backs plans to reshape alliance with Nissan

Renault’s board (RENA.PA) voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan (7201.T), a source said.

February 6, 2023 2:26 pm
 

Business

Newmont makes $16.9 billion offer for Australia's Newcrest

Global gold miner Newmont Corporation (NEM.N) has made an indicative $16.9 billion takeover offer for Australia’s No. 1 goldminer Newcrest Mining Ltd. (NCM.AX), Newcrest said on Monday in a deal that would leverage both miners’ operations in Australia and Canada.

February 6, 2023 12:31 pm
 

Business

Disney World union members reject contract offer

Unionized workers at Disney World have rejected a contract proposal from the company that would have given them at least a $1 an hour raise each year over the five-year life of the rejected offer.

February 6, 2023 11:23 am
 

Business

Nestle to hike food prices further in 2023, CEO says

Nestle (NESN.S) will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper.

February 6, 2023 8:20 am
 

Business

Elon Musk says to attempt Starship launch in March

SpaceX may attempt a Starship rocket system launch in March, its billionaire chief Elon Musk said in a tweet on Saturday.

February 6, 2023 7:11 am
 

Business

Government yet to discuss minimum wage rate: Singh

There have been no further discussions by the government to increase the $4 minimum wage rate.

February 6, 2023 6:40 am
 

Business

Funds redeployment: Prasad

The Finance Minister says the government has redeployed funds and the Financial Management Act requirement is followed.

February 6, 2023 6:16 am
 

Business

Ford is getting back into Formula 1 racing to help sell EVs

America’s major automakers are getting back into Formula 1 racing. Following General Motors’ recent announcement that it’s applying, along with Andretti Global, to field a team in the prestigious racing series, Ford has now announced that it’s getting back into the sport to help build engines.

February 5, 2023 3:00 pm
 

Business

The US economy added a whopping 517,000 jobs in January

The US economy added an astonishing 517,000 jobs in January, showing that the labor market isn’t ready to cool down just yet.

February 5, 2023 10:00 am
 

Business

MSME and agriculture make up 94% of FDB’s portfolio

Micro, small and medium enterprises and agriculture now account for 94% of the Fiji Development Bank’s portfolio.

February 5, 2023 7:50 am

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