Honda, GM fuel cell venture launches commercial production
By Joseph White BROWNSTOWN, Michigan (Reuters) – General Motors and Honda have begun shipping fuel cell power systems to customers from a factory near Detroit, they said on Thursday, a new test…
Elon Musk Looks To Challenge ‘Woke’ Chatbot ChatGPT With New AI Venture
Elon Musk Looks To Challenge ‘Woke’ Chatbot ChatGPT With New AI Venture Jason Cohen on February 28, 2023 Elon Musk has been approaching artificial intelligence researchers to discuss the development of a…
EU to decide by Feb. 10 on Big Telecoms advertising venture
BRUSSELS (Reuters) – EU competition enforcers will decide by Feb. 10 whether to allow Deutsche Telekom, Orange, Telefonica and Vodafone to set up an advertising joint venture to compete with Big Tech,…
SK On says it is undecided whether to proceed with battery venture with Ford, Koc
SEOUL (Reuters) – South Korean electric vehicle battery maker SK On said on Monday it has not decided whether to pursue a battery cell venture in Turkey with Ford Motor Co and…
Japan’s Inpex signs 20-year LNG deal with Venture Global
SINGAPORE (Reuters) – Inpex Corp, Japan’s biggest oil and gas explorer, said on Tuesday that it has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with U.S.-based Venture Global…
Glennmont Partners enters U.S. renewables market with solar joint venture
By Nina Chestney LONDON (Reuters) – Europe-based renewable energy investor Glennmont Partners plans to enter the U.S. renewables market for the first time via a joint venture with solar developer GreenGo Energy…
U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy…
Walmart plans to offer BNPL loans through its fintech venture – report
(Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon as next year, the Information reported on Thursday, citing three people familiar…
Exclusive-Ex-Tiger Global partner John Curtius to raise $1 billion for new venture capital fund -source
By Krystal Hu (Reuters) -John Curtius, a former partner at investment firm Tiger Global, is in talks with institutional investors to raise $1 billion for his new venture fund Cedar Investment Management,…
Japan’s top venture capital firm yields to activist for massive buybacks
By Makiko Yamazaki TOKYO (Reuters) – Japan’s top venture capital firm JAFCO Group Co Ltd said on Friday it would buy back shares worth 42 billion yen ($301 million) through a tender…
Workers to decide whether to unionize Ohio GM-LG battery joint venture
By David Shepardson (Reuters) – Workers next month will decide whether to unionize at a General Motors-LG Energy battery cell manufacturing joint venture in Ohio, a U.S. government agency said. The National…
Green groups sue Louisiana over Venture Global LNG permit exemption
WASHINGTON (Reuters) – Three environmental groups have sued the Louisiana Department of Natural Resources for exempting Venture Global LNG from needing an environmental permit to build a liquefied natural gas (LNG) terminal,…
Goldman Sachs launches Chinese infrastructure real estate joint venture
By Selena Li HONG KONG (Reuters) – Goldman Sachs has launched a joint venture in China with local logistics company Sunjade in a bid to boost investment in Chinese logistics and infrastructure…
Emerging Gourmet Biscuit Concept, Biscuit Belly, Signs Area Development Deal in Georgia and Five-Unit Joint Venture Deal in Nashville
Biscuit Belly Meets 2021 Growth Goal with Deals Resulting in 20 Total Units in Development Louisville, KY (-) Biscuit Belly, a chef-driven fast-casual breakfast and brunch concept, today announced the signing of…
Credit Suisse sells stake in EIP venture to management
ZURICH (Reuters) – Credit Suisse has sold its 30% stake in Energy Infrastructure Partners to EIP’s managing partners, EIP said on Friday without giving any financial details. Energy Infrastructure Partners is a…
BNP Paribas gets regulatory nod to set up China asset management joint venture
By Selena Li HONG KONG (Reuters) – BNP Paribas has received Chinese regulatory approval to start building an asset management venture with Agricultural Bank of China (AgBank), the two companies said, allowing…
India-Russia joint venture hopes for $5 billion in supersonic missile exports by 2025
NEW DELHI (Reuters) – An India-Russia joint venture that makes nuclear capable supersonic cruise missiles hopes to bag orders worth $5 billion by 2025, its chairman said on Tuesday, having signed its…
Japan’s Chubu Elec to invest in Canadian geothermal venture
TOKYO (Reuters) – Chubu Electric Power Co Inc said on Friday it would invest up to 5 billion yen ($34 million) in a Canadian geothermal venture, Eavor Technologies Inc, as it moves…
Amazon makes first venture fund bets with $150 million for underrepresented founders
By Jeffrey Dastin (Reuters) – Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing…
Africa sees record venture capital investment, bucking global decline
JOHANNESBURG (Reuters) – African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil,…
Space and Time valued at $300 million after Microsoft venture arm-led fundraise
By Medha Singh (Reuters) – Space and Time, a decentralized data analytics platform, secured $20 million in funding from a group of investors led by Microsoft venture capital arm M12, valuing the…
‘Overinvested’ China healthcare sector set for shake up -top venture fund
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – Chinese healthcare and biotech firms are ripe for consolidation due to a sharp decline in valuations after the COVID-19 pandemic spurred over-investments in…
Sollers in talks to buy Mazda out of Russian joint venture
MOSCOW (Reuters) – Russian automaker Sollers is in talks with Mazda Motor Corp about buying the Japanese company’s stake in their Russian joint venture, Sollers said on Monday, as Mazda prepares to…
Democratic PAC Founder Charged With Fraud, Embarks On New Lobbying Venture
Democratic PAC Founder Charged With Fraud, Embarks On New Lobbying Venture Kathryn Watson on August 24, 2016 CORRECTION: This story’s headline was changed to reflect that Cary Lee Peterson was involved in lobbying before registering the…
Credit Suisse strikes deal to buy out China joint venture partner
By Selena Li HONG KONG (Reuters) – Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment…
Exclusive-Shell, Exxon launch sale of major Dutch gas venture -document
By Ron Bousso LONDON (Reuters) – Shell and Exxon Mobil have put up for sale one of Europe’s largest and oldest natural gas production ventures, betting on soaring energy prices amid tensions…
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