Fisker Files for Bankruptcy / Polestar Expands Sales Network / Wuling Bingo Launch / Berlin Cuts E-Bus Budget / BMW i5 eDrive40 Review
1. Fisker Files for Bankruptcy For months, Fisker had been struggling with sales issues. Now it’s official: the US electric vehicle startup has filed for Chapter Eleven bankruptcy, a process similar to self-administration insolvency in Germany. Once seen as a…
Google Launches “Find My Device” Network in Germany
Lost Devices to be Easily Located with Android Google has launched its “Find My Device” network in Germany, making it easier to locate lost Android devices. The new feature allows users to find their misplaced items more efficiently through crowdsourcing….
Zara’s High-Tech Return to Venezuela: A Luxury Experience with a Hefty Price Tag
Zara, a flagship brand of the Inditex Group, has marked its return to Venezuela in grand style. After exiting the country in 2021, Zara has now opened the largest store in Latin America located at the Sambil Chacao shopping centre…
McDonald’s Prepares to Release Earnings Report: Anticipated Highlights
McDonald’s is gearing up to disclose its fourth-quarter earnings, with Wall Street analysts, surveyed by LSEG (formerly known as Refinitiv), anticipating $2.82 in earnings per share and revenue reaching $6.45 billion. The fast-food giant experienced a robust start to 2023,…
Bank of England Imposes £57 Million Fine on HSBC for Deposit Protection Failings
HSBC faces a £57.4 million fine from UK financial regulators, marking the second-largest penalty imposed by the Bank of England’s Prudential Regulation Authority (PRA). The fine stems from what the PRA describes as “serious failings” over a seven-year period, where…
Real Estate Sector Responds to Latest Zoopla House Price Index Insights
The Zoopla House Price Index has revealed a significant surge in UK buyer demand, witnessing a 12% increase, accompanied by a notable 13% year-on-year rise in the volume of sales agreed across all regions and countries in the UK. Zoopla’s…