Paulig, a Finnish food and beverage company, has announced its intention to invest 42 million euros in a new savoury snacks production facility in Spain. The company said that the new factory will strengthen its position in the Tex Mex and snacking categories in Europe, and will increase its innovation...
Italian PM to Visit Canada Amid Controversy over LGBTQ+ Rights
Italian Prime Minister Giorgia Meloni will visit Canada next month, less than a year after she clashed with Canadian Prime Minister Justin Trudeau over LGBTQ+ rights. Meloni, who leads the right-wing Brothers of Italy party, has been criticized for her government’s policies that limit the recognition of same-sex parents and...
Lucid Air Pure Gets a Huge Price Cut to Boost Sales
Lucid Motors, the electric vehicle startup backed by Saudi Arabia, has slashed the price of its entry-level sedan, the Lucid Air Pure, by more than $8,000. The move comes after a disappointing year of sales for the company, which faced production delays, regulatory hurdles, and fierce competition from Tesla and...
Canada challenges Russia’s bronze medal in figure skating team event
Canada has filed an appeal against the decision to award the bronze medal in the figure skating team event at the 2022 Winter Olympics to the Russian Olympic Committee (ROC), despite the disqualification of one of their skaters, Kamila Valieva, for doping. Canada, which finished fourth in the event, argues...
Applied Materials Beats Q1 Expectations and Raises Outlook
The semiconductor equipment maker reports strong results amid chip shortage Applied Materials (AMAT), the world’s largest supplier of semiconductor manufacturing equipment, delivered a beat-and-raise earnings report for its fiscal first quarter on Thursday. The company posted adjusted earnings of $2.13 per share on revenue of $6.71 billion, surpassing the consensus...