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Summary
Domestic
The most significant domestic development this month was the announcement by the global beer company Heineken that it will cut up to 6,000 jobs. The company cited weakening demand for beer as the reason for this substantial workforce reduction.
International
In international corporate activity, the automaker Stellantis sold its stake in a battery factory located in Ontario, Canada, to its joint venture partner, South Korea's LG Energy Solution. The sale was conducted for a reported symbolic price of $100. This transaction is part of a larger strategic reset by Stellantis, which is reportedly allocating a significant sum to review its electric vehicle strategy.
Domestic and International Topics
9 topics | 100 sources
BE/NL/LU+1The global beer company Heineken says it will cut up to 6,000 jobs. The company cites weakening demand for beer as the reason for the workforce reduction.
org:heinekentopic:beer
Feb 11
GBShell is moving ahead with a natural gas project in Venezuela after the United States granted licenses allowing exploration. The company is in talks to sell a stake in an LNG plant and is considering further fossil fuel investment in the country. This comes as Shell also announced plans to return billions to investors despite a recent fall in profits.
org:shelltopic:gastopic:oilplace:venezuela
Feb 27
Shell is considering selling a $24 billion stake in an Australian LNG project and has replaced its auditor EY after independence rule breaches. The company also plans a pay raise for CEO Wael Sawan while pushing for more cost cuts.
org:shellorg:ey
Feb 27
EU
CNorg:nexperiatopic:semiconductors
Feb 11 — Feb 25
Feb 2 — Feb 26
org:stellantisorg:volkswagentopic:subsidies
Feb 6
KRStellantis is selling its stake in a battery factory in Ontario, Canada, to its joint venture partner, South Korea's LG Energy Solution. The sale price is reported to be $100, which is a symbolic amount. This move is part of a larger strategic reset by Stellantis, which is reportedly setting aside a significant amount of money to review its electric vehicle strategy.
org:stellantisplace:ontario
Feb 6
USorg:magnumtopic:ice cream
Feb 12
+ 48 additional sources tracked