Arcadium Lithium PLC, founded on May 5, 2023, has quickly established itself as a prominent player in the global lithium production industry. Based in Shannon, Ireland, the company is dedicated to producing essential lithium chemicals, vital components in the growing demand for electric vehicles, renewable energy storage, and electronic devices. The company’s operations encompass a wide range of processes within the lithium supply chain, including hard-rock mining and multiple methods of brine extraction. One of the key techniques employed by Arcadium Lithium is conventional pond-based brine extraction, a widely used method for isolating lithium from natural brine deposits. In addition,…
Author: Sam Allcock
McDonald’s has unveiled its plans for the future of fast-food restaurants, with a focus on expanding drive-through lanes to accommodate more customers. Kassel – McDonald’s, which has been operating in Germany for over 50 years, continues to evolve and respond to recent declines in sales. One of the upcoming innovations is the introduction of dual-lane drive-throughs. McDonald’s to Expand Drive-Throughs with Multiple Lanes Christoph Gehrig, Chief Financial Officer of McDonald’s Germany, discussed the upcoming changes and their purpose. “We believe in the German market and plan to grow significantly here,” he stated. By the end of the year, McDonald’s plans…
For the first time, entire Volkswagen plants in Germany are under review. At a company meeting held at the Wolfsburg headquarters, management is expected to inform the workforce about future plans. VW’s Works Council Chairwoman, Daniela Cavallo, anticipates a fully packed hall, expressing on Monday that employees are likely to voice their dissatisfaction loudly in response to the cost-cutting measures. Workers are dealing with significant concerns, including fears for their livelihoods. So far, the Works Council has supported the ongoing cost-saving initiatives, including job cuts through early retirement and severance packages. However, from the company’s perspective, these measures are no…
China’s largest electric vehicle manufacturer, BYD, is facing significant challenges in Germany. Sales have fallen far short of expectations, and there has been considerable conflict with their importer. In an effort to navigate smoother waters, several changes are now being implemented. China’s auto industry is experiencing massive growth, primarily driven by the rise of electric vehicles, making it a formidable competitor to established car manufacturers from Germany, the EU, Korea, Japan, and the USA. However, the initial attempts by Chinese manufacturers to enter the European market have largely failed. Brands like Landwind, Brilliance, and Borgward quickly vanished from the scene.…
In the spring of 2022, Abo Energy was awarded a contract in the innovation tender by the Federal Network Agency for a project that has now come to fruition. The facility is located in Euskirchen, North Rhine-Westphalia. Since March, Abo Energy’s 10.5-megawatt solar park in Euskirchen-Wüschheim has been generating electricity. Now, the energy—expected to reach approximately 11.3 megawatt-hours per year—can also be stored as planned in a battery storage system provided by Tricera, which has a capacity of 3.5 megawatts and 7 megawatt-hours. The stored energy can later be released during periods of higher demand. With this, Abo Energy has…
Telefónica’s revenues grew by 1.2% in the second quarter, reaching €10.255 billion, and by 1.1% in the first half of the year, totaling €20.395 billion. The company’s EBITDA increased by 1.8% from April to June, amounting to €3.219 billion, and rose by 1.9% in the first half, reaching €6.424 billion. The group reaffirms its targets for 2024, including a revenue growth of around 1%, EBITDA and operational cash flow growth between 1% and 2%, a capital expenditure to sales ratio of up to 13%, and a free cash flow increase of over 10%. Additionally, the company confirms a shareholder remuneration…
The iconic fast-food chain McDonald’s is experiencing a significant drop in both revenue and net profit due to declining sales. Are the days of the McMorning, Big Mac, or 280 over? Judging by the latest results of the renowned fast-food chain in France and globally, McDonald’s burgers no longer seem to excite consumers. According to the company’s second-quarter 2024 results report, released on Monday and highlighted by Le Parisien, sales are down both in the United States and worldwide. McDonald’s revenue has dropped by 8% to $6.49 billion (a 1% decrease in comparable terms), and its net profit has plunged…
AVM Finds Buyer After Ten-Month Search; Founders Retain Minority Stake The founders of AVM have sold the majority of their company to investor Imker Capital Partners. The Fritzbox manufacturer announced the deal on July 10, 2024, without disclosing the financial terms. The AVM founders will keep a minority stake in the company. Company CEO Johannes Nill stated that the partnership with the investor aligns with their vision for the company’s future. The goals include growth through new products and enhanced internationalization. Imker Capital Partners, based in London, has only ten employees. In 2023, the Berlin-based communication specialist AVM, with 890…
After a failed recovery attempt earlier this week, investors are exercising caution and reducing their risks. The DAX briefly dropped below 18,100 points, threatening to slide into a summer slump. Bears are back in control of the stock markets: stocks are being sold off, pushing the DAX down by as much as 1.1 percent to 18,098 points by late morning. This decline follows yesterday’s failed recovery attempt, where the DAX, despite an initial surge to 18,461 points, managed to close with only a slight gain. Is the DAX Heading for a Summer Slump? “The bottom line is that the German…
On Tuesday, all eyes on Wall Street were once again on NVIDIA, as the chip giant surpassed Microsoft with a market capitalization of $3.3 trillion, making it the most valuable publicly traded company in the world. However, NVIDIA’s rise to the top of the stock market was not the only news. Hewlett Packard Enterprise (HPE) announced a partnership with NVIDIA at its Discover Conference, and a startup specializing in autonomous trucks is also set to benefit from NVIDIA’s investment. NVIDIA and HPE Aim to Bring More Generative AI to Businesses Hewlett Packard Enterprise (HPE) and NVIDIA are teaming up to…