La Banque Postale succeeds in its takeover bid for CNP Assurances

La Banque Postale already held just over 85% of the capital of CNP Assurances. La Banque Postale holds more than 97% of the shares of CNP Assurances at the close of the takeover bid launched on May 2, announced the Autorité des marchés financiers (AMF) on Friday, paving the way for the insurer to be … Read more

Elon Musk presses the brakes hard at Tesla

DECRYPTION – The entrepreneur, who believes in the recession, asks the leaders of the manufacturer to reduce the workforce by 10%. Elon Musk never takes half measures. On Tuesday, the brilliant entrepreneur who controls Tesla in particular, had sent an email to the executives of the world leader in electric cars entitled “Telecommuting is no … Read more

Elon Musk’s outburst against telecommuting for Tesla employees

In a vitriolic email sent to his employees, the boss of Tesla asks them for 40 hours “minimum” of weekly presence in the office, otherwise they will be considered as “having resigned”. Tesla Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to … Read more

Fusalp embarks Mirabaud to conquer the United States

The brand taken over at the end of 2013 by Sophie and Philippe Lacoste opens its capital to the investment fund. New stage for Fusalp. The French company, which equipped Jean-Claude Killy with his ski clothes in the 1960s, was taken over at the end of 2013 by Sophie and Philippe Lacoste, grandchildren of the … Read more

Electric battery factories are multiplying in the United States

DECRYPTION – Automakers are teaming up with manufacturers to secure their supply. And five! Stellantis has just completed its program of electric battery factories, three of which will be located in Europe (France, Germany, Italy) and two in North America. On Tuesday, Carlos Tavares, the group’s chief executive, confirmed that the fifth and final factory … Read more

Elon Musk’s tunnel-building business is worth nearly $6 billion

Founded in 2016 by the boss of Tesla and SpaceX, the start-up aims to revolutionize urban transport. The start-up The Boring Company, founded by Elon Musk and specializing in the construction of tunnels in large cities, announced that it had raised $675 million, bringing its valuation to $5.675 billion. Read alsoElon Musk attacks Twitter and … Read more

Accused of corruption and manipulation, Glencore signs agreements in the United Kingdom, the USA and Brazil

The group said in February that it had set aside $1.5 billion in provisions to settle ongoing investigations. The Swiss group Glencore announced on Tuesday that it had entered into coordinated agreements with authorities in the United Kingdom, the United States and Brazil, pleading guilty to corruption and market manipulation. Read alsoGlencore to invest USD … Read more

Elon Musk says he is considering ‘resigning’ and continues to sell his Tesla shares

On Twitter, the message from the CEO of SpaceX, which has more than 65 million subscribers, has already received 237,000 “likes”. Elon Musk, the whimsical boss of electric vehicle manufacturer Tesla, said on Friday that he was considering “to resignhours after selling shares in the company again. “I’m thinking of quitting to become a full-time … Read more

Accused of sexual harassment and exhibitionism, Elon Musk responds on Twitter

SpaceX reportedly paid one of its flight attendants $250,000 not to sue Elon Musk after he made sexual advances to her, reports Business Insider. An article by the American media Business Insider claims that a flight attendant employed by SpaceX was paid $250,000 by the company in 2018 in exchange for her silence following sexual … Read more

Faced with the shortage in the United States, Nestlé will import infant milk from Switzerland

The manufacturer will send hypoallergenic milk by air to the United States, its first market, where the shortage is turning into a health and political crisis. Faced with the shortage of baby milk in the United States, the Swiss food giant Nestlé will send infant formula by air from Switzerland and the Netherlands, a spokeswoman … Read more