UniCredit shares surged on Monday after the Italian bank announced a higher profit outlook for 2024 and a plan to increase its capital distributions to shareholders. The bank also reported a strong fourth-quarter result, beating analysts’ expectations. UniCredit Raises 2024 Profit Guidance and Capital Distributions UniCredit said that it expects...
Volkswagen to launch AI lab for developing new digital products
Volkswagen, the world’s largest carmaker, has announced that it will launch a new artificial intelligence (AI) lab to develop new digital products and features for its vehicles and customers. The new AI lab will collaborate with tech companies from different regions, such as China, North America, and Europe, to create...
Grupo Apex expands its snacks portfolio with Tot Snack acquisition
Grupo Apex, the Spain-based snacks producer, has acquired Tot Snack, a local peer that specializes in savoury snacks. The deal, which was announced on February 2, 2024, involves the purchase of 100% of the shares of Tot Snack, as well as its plant in Barcelona. The financial details of the...
Seven Apartment REITs with Reliable Dividends to Buy in 2024
Apartment real estate investment trusts (REITs) are a popular choice for income investors, as they offer stable and consistent dividends from renting out residential properties. Apartment REITs also benefit from the strong demand for rental housing in Canada, especially in urban areas where home prices are high and affordability is...
How Cities Can Improve Their Bike Maps to Encourage Cycling
Cycling is becoming more popular in cities around the world, especially after the COVID-19 pandemic. However, many cyclists face challenges in finding the best routes and navigating the urban streets. The existing map apps are not very helpful, as they often ignore the needs and preferences of cyclists. How can...