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GLOBAL

LG aims for 100% renewable energy use by 2050

LG Electronics has pledged to transition completely to renewable energy by 2050 as a key component of its sustainability strategy...

22 Jul 2021

GLOBAL

Fashionscapes: A Living Wage highlights plight of garment workers

The documentary combines the voices of garment workers with legal professionals who are working together to argue for the first EU legislation to ensure garment workers receive a living wage...

28 Apr 2021

GLOBAL

L'Oréal Paris to cut 50% of carbon footprint by 2030

L'Oréal Paris has committed to reducing its carbon footprint by 50% per finished product, and will contribute €10m to environmental projects whose beneficiaries are communities of women...

26 Apr 2021

GLOBAL

Food giants appointing teams to focus on plant-based products

Food giants muscle in on booming alternative protein market, with dedicated teams to develop and sell plant-based alternatives to meat and dairy...

30 Jul 2020

GLOBAL

Why Ford, Chanel and other companies pitch in during a crisis - without the government ordering them to

Severe shortages of critical medical supplies have prompted governments to compel private companies to fill the gap...

By Elham Mafi-Kreft and Steven Kreft 26 May 2020

SOUTH AFRICA

H&M Foundation drives circular fashion through textile recycling facilities

As part of H&M's mission to become "truly circular" by 2030, its charitable arm, the H&M Foundation, has opened two hydrothermal textile recycling plants in Hong Kong...

20 Sep 2018

SOUTH AFRICA

Female millennials are the most confident and ambitious of any female generation

New PwC survey dispels myths about women and work...

5 Mar 2015

SWEDEN

LED lamp wins Nobel Physics prize for Japanese trio

STOCKHOLM, SWEDEN: Three Japanese-born researchers won the Nobel Prize for Physics for inventing the LED lamp, a boon in fighting global warming and aiding people in poverty.

8 Oct 2014

SWEDEN

Volkswagen buys Scania as Swedish shareholder sells stake

STOCKHOLM, SWEDEN: Volkswagen, Europe's biggest car manufacturer, was set to take full control of Swedish truck manufacturer Scania after a small but crucial shareholder agreed to sell its shares.

15 May 2014

SWEDEN

Volvo cuts 2,400 more jobs as truck sales drop

STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability.

8 Feb 2014

SWEDEN

Ericsson and Samsung settle patent dispute

STOCKHOLM, SWEDEN: Swedish telecommunications equipment manufacturer Ericsson said on Monday, 27 January, it had signed a deal with South Korean electronics company Samsung settling a global patent dispute.

28 Jan 2014

SWEDEN

Saab to enter Chinese market after two-year break

STOCKHOLM, SWEDEN - Saab cars will roll off the production line in Sweden two years after the former General Motors subsidiary filed for bankruptcy.

2 Dec 2013

SWEDEN

Volvo, Electrolux slash total of 4,000 jobs

STOCKHOLM, SWEDEN: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter.

28 Oct 2013

SWEDEN

Swedish SKF's net profit drops in the third quarter

STOCKHOLM, SWEDEN: Swedish ball bearing manufacturer SKF announced a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business.

16 Oct 2013

SWEDEN

Volvo sales fall, loss reported

STOCKHOLM, SWEDEN: Swedish heavy truck and construction equipment manufacturer Volvo last week reported a quarterly loss as sales plummeted to their lowest since the start of Europe's financial crisis.

29 Apr 2013

SWEDEN

Mobile surfers boost Internet growth - Ericsson

STOCKHOLM, SWEDEN: Troubled telecommunications equipment manufacturer Ericsson said it was confident about prospects this year as more operators boost network capacity to meet growing demand for video streaming services such as YouTube.

5 Feb 2013

FRANCE

Renault sells stake in Volvo trucks

PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.

14 Dec 2012

UNITED KINGDOM

Sony to acquire Ericsson's share of Sony Ericsson

LONDON, UK / Tokyo, Japan: Sony Ericsson is to become a wholly-owned subsidiary of Sony and will be integrated into Sony's broad platform of network-connected consumer electronics products. The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families.

31 Oct 2011

UNITED KINGDOM

Renewable M&As market rallies

LONDON, UK: North America's switch on to energy efficiency has driven their position in the global renewable M&A market in the last 12 months, and could act as a driver for the region to become the dominant renewables market within three years, according to new analysis by PwC. In Europe, however, regulatory uncertainty clouds European deals.

29 Mar 2011

UNITED KINGDOM

Europe will remain home of luxury retail

LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.

By Published by Verdict 9 Feb 2011




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