Non approved short sale

Representative Image Electric two-wheeler maker Ola Electric sold around 3,426 vehicles in July 2022, down 42 percent month-on-month on chip shortage and spill-over effects of inflationary pressures. The firm sold 5,874 two-wheelers in June, data from the industry body Federation of Automobile Dealers Association (FADA) showed on August 5. FADA’s report said high inflationary pressure was a cause of major concern. “The two-wheeler retail (both electric and non-electric) run witnessed poor demand as rural India continues to underperform. This coupled with high inflation, erratic monsoon and high cost of ownership continue to keep bottom of the pyramid customers at bay,” FADA’s report said. Hero Electric reported an increase in sales by 33 percent to 8,679 units, Okinawa Autotech 14.5 percent at 7,999, while Hero Motocorp-backed Ather Energy saw its sales tank 68.6 percent from June to 1,192 two-wheelers in July. Even as the Russia-Ukraine war continues, … [Read more...] about Ola Electric’s sales down 42% MoM to 3,426 units in July

Viktor Vekselberg (Photo by Andrey Rudakov/Bloomberg) - A + A The soft power tussle was on show in Africa last month, when Russian Foreign Minister Sergei Lavrov won praise for Moscow’s nuclear power technology BERLIN/HONG KONG/JOHANNESBURG (Aug 8): When Group of Seven leaders gathered in the Bavarian Alps in June, they pledged to stand with Ukraine for the long haul. Their Group of 20 counterparts are proving less supportive. Comprising nations that account for some 85% of global economic output, the G-20 is supposed to be more reflective of the world. Yet only half its number has joined the international sanctions imposed on fellow member Russia over its invasion of Ukraine. Senior officials from the smaller group of wealthy nations have been traveling the world to make the case for a tougher economic net around Russia. They’ve been surprised by the lack of sign-on from G-20 states, even if those countries aren’t going out of their way to help … [Read more...] about The US-led drive to isolate Russia, China falls short

President Tsai Ing-wen visits a combat support ship during her trip at a navy base in Kaohsiung on March 21, 2017. Tyrone Siu / Reuters – BEIJING – China on Friday strongly protested a U.S. plan to sell $1.4 billion worth of arms to Taiwan and demanded that the deal be canceled. Chinese foreign ministry spokesman Lu Kang said the sale would severely damage China’s sovereignty and security interests and run counter to Washington’s commitment to a “one-China” policy. He asked the U.S. to immediately stop the sale to avoid harming relations with Beijing. “We stress that nobody could sway our determination to uphold our territorial integrity and sovereignty,” Lu said at a regular daily briefing. “We oppose any external interference in our internal affairs.” The U.S. State Department approved the arms sale on Thursday, the first such deal with Taiwan since President Donald Trump took office. The sale was broadly welcomed on Taiwan as a show of U.S. support, … [Read more...] about Beijing Protested U.S. Plan to Sell $1.4 Billion Worth of Arms to Taiwan

Share to Twitter Share to Linkedin JetBlue and Spirit Airlines announced a merger, really the acquisition of Spirit by JetBlue, this week. The purchase price is $3.8 billion, with each Spirit shareholder to receive $33.50 per share. If the deal goes through (the U.S. Justice Department can say no) JetBlue will join a new “Big 5” of U.S. airlines. The news comes one day after Frontier Airlines, Spirit’s former suitor, terminated its bid for the airline. That concluded a love triangle….err, bidding war…that began with Frontier and Spirit first announcing a merger in February 2022. “Smells like merger Spirit,” wrote Helane Becker, Managing Director Industrials & Airlines & Airfreight Consumer at Cowen Inc, summing up the soap opera with a nod to Nirvana. “Spirit and Frontier agreed to merge in February. In April, JetBlue flew in with a better offer. Spirit continued to defend its decision to go with Frontier, assuming the transaction would receive … [Read more...] about JetBlue Wins Battle For Spirit Airlines, Now In Top 5 U.S. Airlines

Share to Twitter Share to Linkedin Topline Major U.S. companies have laid off thousands of employees so far this summer, as CEOs fear soaring inflation could tip the economy into a recession. Timeline Aug. 5, 2022 iRobot , the maker of Roomba, cut 10% of its workforce (140 employees), as the company restructures after being purchased by Amazon for $1.7 billion, the company told Forbes, adding the job cuts were not related to the acquisition. Aug. 4, 2022 California-based video game developer Jam City laid off between 150-200 employees — roughly 17% of its workforce — VentureBeat reported , stating the cuts come “in light of the challenging global economy and its impact on the gaming industry.” Aug. 3, 2022 Walmart —the largest private employer in the United States—plans to cut 200 of its corporate employees as the company seeks to restructure, the Wall Street Journal reported , citing anonymous sources. Aug. 2, … [Read more...] about Roomba Maker iRobot Cut 10% Of Its Staff: Here Are The Major U.S. Job Cuts As Recession Fears Grow

Share to Twitter Share to Linkedin Atmosphere outside the Denver Center for the Performing Arts on January 22, 2012 (Photo by Denver ... [+] Post via Getty Images) Getty The grass is actually greener on the other side. While box office revenues on Broadway have fallen in recent weeks as tourists left New York and the cold winter weather set in, box office revenues of Broadway shows touring across the nation are still quite high. In fact, some musicals made more money last week on the road than on Broadway. For example, while the Tony Award-winning musical Dear Evan Hansen generated $1,272,935 in ticket sales over eight performances last week in New York, the show generated $1,477,161 in ticket sales over seven performances last week on tour in Seattle. The touring production filled up the Paramount Theatre, which has more than twice as many seats as the Music Box Theatre, where Dear Evan Hansen now performs on Broadway. In addition, … [Read more...] about Musicals Make More Money on the Road than on Broadway

- A + A KUALA LUMPUR (Aug 8): Berjaya Assets Bhd has announced that its wholly-owned subsidiary Berjaya Bright Sdn Bhd (BBright) has disposed of a total of 24.50 million ordinary shares, representing about 0.44% equity interest in Berjaya Corp Bhd (BCorp) for a total cash consideration of RM5.64 million or RM0.23 per share. The direct business transaction took place last Friday (Aug 5), Berjaya Assets said in a statement on Monday (Aug 8). The other party in the transaction was not disclosed at this juncture. Following the disposal, Berjaya Assets and its subsidiaries (Berjaya Assets group) now hold 276.45 million BCorp shares, representing about 4.99% equity interest in BCorp. The cash proceeds from the disposal will be utilised as working capital and repayment of borrowings of the Berjaya Assets group. It noted that the disposal has no effect on the Berjaya Assets’ issued share capital or substantial shareholders’ shareholdings. The disposal also has no … [Read more...] about Berjaya Assets sells shares in BCorp for RM5.64m

Share to Twitter Share to Linkedin You aren’t a machine, so why should you work like one? As it turns out, more and more people are starting to agree with that, which is why they’re turning their backs on hustle culture. If you’re not familiar with the hustle culture movement, you may be thinking of the old-school definition, which is still sometimes associated with having shady ethics or using obnoxiously pushy sales tactics. But these days, hustling refers to putting work above all else—a never-ending chase for yet another client or promotion. Think long hours at your computer, midnight energy drinks, and answering texts from hustle-leaning colleagues 24/7. Theoretically, your hustler activities should put you at the top of the corporate food chain. But hustling comes at a cost. As so many people found out during the pandemic, being a hustler involves paying a huge personal price. Writer and businesswoman Julie Ball notes in Forbes that the only thing … [Read more...] about How Hustle Culture May Hurt Your Career

Japanese technology investment firm SoftBank Group Corp. lost more than $23 billion dollars in the second quarter of 2022, according to The Wall Street Journal. The massive losses have already led to a pivot in investment strategy, with subsidiary Vision Fund approving only $600 million in new investments during the first quarter, $20 billion less than the same time last year, according to Reuters . In conjunction with a slowdown in investments, Chief Executive Officer Masayoshi Son announced that there would be significant cost cuts, including layoffs, the WSJ reported. (RELATED: ‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks) “I have no choice but to cut a significant number of employees at the Vision Fund,” he said at a press conference according to the WSJ. He said the company needed to undergo “cost cuts with no sacred cows.” SoftBank’s technology stocks have fallen from inflationary pressures and rising interest rates from central banks … [Read more...] about High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech

Earlier this summer, at the re:MARS conference—an Amazon-hosted event focusing on machine learning, automation, robotics, and space—Rohit Prasad, head scientist and vice president of Alexa A.I., aimed to wow the audience with a paranormal parlor trick: speaking with the dead. “While A.I. can’t eliminate that pain of loss, it can definitely make their memories last,” he said, before showing a short video that starts with an adorable boy asking Alexa , “Can Grandma finish reading me The Wizard of Oz ?” advertisement advertisement The woman’s voice that reads a few sentences from the book sounds grandmother-y enough. But without knowing Grandma, it was impossible to evaluate the likeness. And the whole thing struck many observers as more than a little creepy—Ars Technica called the demo “morbid.” But Prasad’s revelation of how the “trick” was performed was truly gasp-worthy: Amazon scientists were able to summon Grandma’s voice based on just a … [Read more...] about Why Amazon’s “dead grandma” Alexa is just the beginning for voice cloning