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Toshiba targets double-digit power chip market share by 2030

Toshiba Corp. aims to achieve a double-digit market share in the global power chip market by 2030, as it seeks to catch up with competitors. The company is considering forming alliances to capture 30% of the industry, driven by increasing demand for power semiconductors used in various applications, including electric vehicles.
bloomberg.com
United States Dollar Toshiba Corporation JPN Noriyasu Kurihara
Technology & Innovation, Market Report
17:01 28.10.2024

switzerland's energy shift and updates on ukrainian refugees and luxury market

As winter approaches, Swiss cantons are taking control of hydropower plants as concessions expire, potentially reshaping the energy landscape. Authorities are encouraging Ukrainian refugees to seek employment, while Chanel's Watches and Jewellery head discusses the luxury market's trends. Additionally, a new development in cross-border transport between Switzerland and Italy promises to enhance travel convenience.
SWI swissinfo.ch
SCI Chanel CHE Show more
Finance & Economy, News Article
17:00 28.10.2024

Migros launches price cuts to compete with discount retailers in Switzerland

Migros plans to reduce prices on over 1,000 products by 2025 to regain market share from discounters like Aldi and Lidl, alongside opening 140 new stores by 2030 with a CHF 2 billion investment. The Zurich University of the Arts has ended its partnership with a military-affiliated Chinese university due to legal and operational concerns. Volkswagen is set to close three plants in Germany, risking tens of thousands of jobs, while Donald Trump faced backlash for controversial remarks during a New York campaign event. Gérard Depardieu's sexual harassment trial has been postponed due to health issues, with a new court date set for March.
Tages-Anzeiger
Swiss Franc Novartis AG UBS AG Swiss Post Insurance AG FRA USA CHE DEU Gérard Depardieu Thomas D. Meier Karin Mairitsch Daniela Cavallo Show more
Finance & Economy, News Article
17:00 28.10.2024

renewable energy costs plummet as solar and wind outpace fossil fuels

Solar and wind power are increasingly dominating new power installations due to their declining costs. Reports indicate that renewable energy technologies are projected to become significantly cheaper than fossil fuels by 2060, with substantial reductions in Levelised Cost of Electricity (LCOE) across various regions, including APAC, North America, Europe, Latin America, and the Middle East and Africa. As these technologies mature, they are set to reshape energy markets and promote sustainability globally.
CleanTechnica
United States Dollar Wood Mackenzie Ltd. Amhed Jameel Abdullah Donald Trump Elon Musk Show more
Finance & Economy, Market Report
16:55 28.10.2024

dr martens owner invests in k-way to boost global expansion

Permira Growth Opportunities II has acquired a significant minority stake in the French outerwear brand K-Way from BasicNet, aiming to strengthen its market presence in France and Italy. The investment will support the expansion of K-Way’s product range and store portfolio, highlighting Permira's commitment to global brand growth. Sebastien Floch, Permira’s principal, noted K-Way’s unique value and alignment with their investment strategy focused on iconic brands.
Financial News
British Pound Sterling Euro Golden Goose Dr. Martens plc BasicNet S.p.A. Permira Capital Ltd. ITA FRA Griggs family Sebastien Floch Show more
Finance & Economy, Market Report
16:49 28.10.2024

Trump's second term could lead to economic ruin warns economist

A second presidential term for Donald Trump could lead to extreme protectionism, a significant population decline, and increased debt due to reckless fiscal policies, warns Derek Holt, head of capital markets economics at Scotiabank. He cautions that Trump's proposed policies could severely undermine both U.S. and global economies.
bloomberg.com
United States Dollar The Bank of Nova Scotia Scotiabank Covered Bond GP Inc. USA CAN Derek Holt Donald Trump
Finance & Economy, Market Report
16:47 28.10.2024

new flyer faces market challenges with flawed hydrogen bus strategy

New Flyer, North America's leading transit bus manufacturer, faces strategic challenges as it supports hydrogen buses, which have proven less reliable and more costly than battery-electric alternatives. Despite potential short-term gains from subsidies, this approach risks alienating customers who may turn to more efficient options, ultimately jeopardizing New Flyer’s market position.
CleanTechnica
NFI Group Inc. Deloitte CHN CAN Michael Raynor Richard Rumelt Show more
Regulatory & Legal, Blog Post
16:45 28.10.2024

community health systems reports significant losses due to hurricanes and payer denials

Community Health Systems reported a net loss of $391 million for the third quarter, significantly impacted by high payer denials, increased workforce expenses, and damages from Hurricanes Helene and Milton, which led to canceled procedures and facility closures. The ShorePoint Health System in Florida suffered major flooding, with estimated losses of $7 million, while ongoing remediation efforts are expected to incur additional costs. Despite a 4.1% decrease in admissions, CHS is enhancing its utilization review and financial services to combat rising denial rates from insurers.
Healthcare Finance News
United States Dollar Community Health Systems, Inc. USA Tim Hingtgen
Healthcare, Transcript
16:44 28.10.2024

florida's insurance market struggles amid hurricanes and rising costs

Florida's insurance market faces challenges following two major hurricanes, with rising rates driven by natural disasters, scams, and insurers exiting the market. Jerry Theodorou from R Street Institute discusses the situation, highlighting potential improvements and the impact of tort reform, reinsurance, and building codes on the future of home insurance in the state.
bloomberg.com
Citizens, Inc. R Street Institute USA Jerry Theodorou
Finance & Economy, Transcript
16:42 28.10.2024

ama and illinois medical society sue multplan for alleged price fixing

The American Medical Association and the Illinois State Medical Society have filed a lawsuit against MultiPlan, alleging involvement in a price-fixing conspiracy with health insurers that has led to unfairly low payments for out-of-network services. This scheme, reportedly in operation since 2015, has harmed both patients and physicians, forcing many medical practices to close or limit services. The lawsuit seeks to reform the out-of-network payment systems reliant on MultiPlan's practices, which have significantly increased the company's revenues while suppressing physician payments.
Healthcare Finance News
Himss MultiPlan Corporation USA Piyush I. Vyas Amy Klobuchar Bruce A. Scott Show more
Regulatory & Legal, News Article
16:23 28.10.2024
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