Articles categorized by: Economy & Companies

EU Parliament finds answers by Zuckerberg not enough

The meeting between Parliament leaders and Facebook CEO Zuckerberg left many questions unanswered and the need for more concrete action to ensure against another Cambridge Analytica type of scandal, said EPP Group Chairman, Manfred Weber. The EU’s new Data Protection Law coming into force on Friday is a major step forward, but more action will […]

BP Ventures invests in ultra-fast charging battery developer StoreDot

British Petroleum (BP) announced today that it has invested $20 million in the ultra-fast charging battery developer StoreDot. StoreDot, which is headquartered in Israel, has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets.  Its innovative battery technology targets electric vehicle charging in five minutes. Besides, the company […]

Chinese automaker GAC to enter Russia in its aim to build a global brand

GAC Motor, China’s fastest-growing automaker, has announced the establishment of GAC Motor International Company (GAC Int) to manage GAC Motor’s overseas businesses. “The International Company will support GAC Motor’s goal of building a world-class brand,” noted Yu Jun, President of GAC Motor. “We are creating a long-term plan for the future and are looking forward […]

PayPal acquires iZettle, expanding even more its reach in the SMEs mobile payments segment worldwide

PayPal Holdings, Inc.announced today that it has agreed to acquire Stockholm based iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2Bn. Upon closing, PayPal gains in-store capabilities in the following 11 markets: Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Netherlands, Norway, Spain and Sweden. PayPal also gains near-term in-store expansion […]

Yum’s Pizza Hut and the Spaniard telepizza Group sign milestone agreement for international expansion

Pizza Hut, a division of Yum! Brands, Inc. and the world’s largest pizza restaurant company with nearly 17,000 restaurants in over 100 countries, and Telepizza Group, the largest non-U.S. pizza delivery company worldwide with more than 1,600 stores in over 20 countries, today announced a strategic deal and master franchise alliance to accelerate growth across […]