News from July 2022
Picard on acquiring Mexican-based tech platform: 'Swvl and Urbvan share a vision to remodel mass transit to be safer for everyone'
By Karla Florez | Jul 13, 2022
Swvl Holdings Corp. has secured a definitive deal to acquire shared mobility platform, Urbvan Mobility Ltd ("Urbvan"), based in Mexico.
Paradell: 'Ingram Micro Cloud is incredibly excited to partner with Google Cloud'
By Karla Florez | Jul 13, 2022
Ingram Micro Cloud now offers Google Cloud Platform (GCP), Google Workspace and Chrome Enterprise to its reseller network across Southeast Asia.
Analyst: 'Russia's decree effectively expropriates foreign stakes in the Sakhalin Energy Investment Company'
By Karla Florez | Jul 12, 2022
Russian President Vladimir Putin recently raised the stakes in its financial conflict with Western parties, taking full control of the Russia-based Sakhalin-2 gas and oil project. Western offices worry the move could drive out Shell and Japanese investors, Reuters reported.
Crane Worldwide Logistics product director: 'Vessels leaving Europe to the U.S. East Coast will be behind'
By Karla Florez | Jul 12, 2022
A pile of U.S.-bound export containers accumulating at the German and Netherland ports could take months to clear out, CNBC reported.
Barry: New center 'demonstrates our continued global commitment to scale our world-class business in markets like the Asia-Pacific region'
By Karla Florez | Jul 12, 2022
NuVasive, Inc. recently opened a Singapore Experience Center to help oversee its Asia-Pacific-based operations.
Lovell Minnick secures strategic partnership with London & Capital ‘to expand client solutions, grow internationally’
By Karla Florez | Jul 11, 2022
Lovell Minnick Partners will soon acquire a majority stake in London & Capital. The financial terms of the deal were not disclosed.
Ford posts worst quarterly sales in China since start of pandemic, blames ‘supply chain and logistics obstacles’
By Karla Florez | Jul 11, 2022
Michigan-based auto company Ford Motor Co. recently reported its worst quarterly sales in China amid the pandemic. The declines are mainly attributed to a sudden increase of COVID-19 cases in the country, and ongoing global supply chain delays.
Tensions between China, Taiwan continue to rise; US sides with ‘One China’ policy
By Karla Florez | Jul 11, 2022
A recent Reuters report details the reasons behind the growing tensions between China and Taiwan.
ICE Vehicle Phaseouts roll out in Europe: Western regions are ‘expected to account for an increased share of demand by 2026’
By Karla Florez | Jul 9, 2022
According to a recent Freedonia Group report, ICE vehicle phaseouts are approaching in Europe, causing an acceleration in demand for hybrid and electric vehicles.
Cordis brings in new president to lead its APAC operations: 'I am honored to rejoin this new, reenergized Cordis team'
By Karla Florez | Jul 9, 2022
Cordis has appointed Bryan Loo as the role of President of the Asia-Pacific (APAC) region. The executive’s new position will be effective July 18, 2022.
Ng: 'Premiere Vision Paris is a place to find design inspiration and meet with the sharpest minds in the fashion industry'
By Andy Nghiem | Jul 8, 2022
Tracy Ng, sales director of Winnitex, recently said that Premiere Vision Paris presented an opportunity to be updated on the latest trends.
Jones: 'MAP Active is delighted to be partnering with WHP and growing the global iconic Lotto brand'
By Karla Florez | Jul 8, 2022
WHP Global has established a partnership with Lotto Sport Italia S.p.A., according to a press release.
Warner, Rubio call on FTC to investigate TikTok 'on the basis of apparent deception,' ties to Chinese Communist Party
By T.H. Lawrence | Jul 8, 2022
Two U.S. senators have asked the Federal Trade Commission to investigate TikTok’s reported misrepresentation of the company’s relationship with ByteDance and its subsidiaries, including Beijing-based ByteDance Technology, which is partially owned by the Chinese Communist Party (CCP).
Cardo Systems launches new facility in Germany: 'We aim to increase the audio gap even further'
By Karla Florez | Jul 8, 2022
Cardo Systems, with headquarters in both Texas and in Israel, recently launched a new full-scale research and development facility in Straubing, Germany, according to Cision PR Newswire.
Van Kempen named LabConnect general manager: 'Marc is an experienced, health care business leader with a proven track record'
By Karla Florez | Jul 7, 2022
LabConnect Inc. has acquired Cryo Store and appointed Marc van Kempen, based in Joure, Netherlands, as the general manager of Europe to help expand the company’s operations in the region, according to a release.
TikTok exec: Our approach to keeping U.S. data secure
By Michael Beckerman, vice president, head of Public Policy, Americas | Jul 7, 2022
The security of the data our community entrusts us with is a top priority at TikTok, despite recent reports questioning that commitment.
Proteintech CEO: 'Proteintech has established its new office nearby Biopolis, Singapore Science Park'
By Karla Florez | Jul 7, 2022
Proteintech, based in Illinois, has established a new office and warehouse at The Strategy, 2 International Business Park in Singapore, according to a press release.
Strier: 'NVIDIA will join with Viettel to upskill Vietnam's workforce'
By Karla Florez | Jul 7, 2022
Vietnamese company, Viettel Group and NVIDIA, based in California, signed a Memorandum of Understanding as part of their newly established strategic partnership to help implement the use of artificial intelligence to further advance Viettel and Vietnam's technology research and solutions, a press release stated.
LALA U.S. marketing head: 'Licuados are a classic Mexican beverage, serving as a quick nutritious and delicious breakfast'
By Karla Florez | Jul 6, 2022
LALA U.S. recently introduced its new authentic breakfast licuado, a Mexican smoothie made with milk, fruit and oats. The product will soon be available at Walmart and Hispanic grocery aisles this month, according to a release.
Andersen Global announces New Zealand collaboration with 2 Auckland firms
By Karen Kidd | Jul 6, 2022
Andersen Global's announcement this week that it is entering the New Zealand market by adding two collaborating firms is a matter of pride, according to what one business official said in a news release.