Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC. The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the …
Author Archives: Greg Abbott
Stellantis, union negotiators comply with phrases of a deal
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Mich. after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — Negotiators with the United Auto Workers union and Stellantis have in principle agreed to the terms of a tentative deal following roughly six …
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What subsequent if Israel embarks on a Gaza floor assault
Israeli soldiers listen to Israel’s Defence Minister Yoav Gallant as he meets them in a field near Israel’s border with the Gaza Strip, in southern Israel October 19, 2023. Ronen Zvulun | Reuters Israel is widely expected to embark on a major ground incursion into Gaza, seeking to wipe the Palestinian militant group Hamas “off …
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GM to delay EV truck manufacturing at Michigan plant
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year …
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The Iron Dome missile protection system, defined
Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from the city of Ashkelon, Israel October 9, 2023. Amir Cohen | Reuters Israel is once again relying on its Iron Dome to fend off attacks from the Palestinian militant group Hamas, orchestrating its missile defense system to protect its citizens …
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Amazon sellers pontificate on the FTC’s ‘long-overdue’ antitrust case
A worker sorts out parcels in the outbound dock at the Amazon fulfillment center in Eastvale, California, on Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images It was late in the day on Oct. 27, 2021, when Fred Ruckel received the dreaded automated email from Amazon. Amazon’s software …
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Is the celebration over? New knowledge suggests revenge journey could also be ending quickly
The era of unabated “revenge travel” may be coming to a close. New reports show that, after years of inflation and rising travel costs, travelers may finally be curtailing their travel plans. A new report by the research company Morning Consult shows that travel intentions are increasing in several countries, but flatlining or falling in …
JPMorgan settles Jeffrey Epstein go well with by Virgin Islands
JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that the huge American bank facilitated and benefited from sex trafficking of young women by its longtime customer Jeffrey Epstein. JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin …
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Poland says it can now not provide Kyiv with weapons
A Polish Leopard 2PL tank during a Defender Europe 2022 military exercise of NATO troops including those from France, the U.S. and Poland, at the military range in Bemowo Piskie, near Orzysz, Poland, on May 24, 2022. Kacper Pempel | Reuters Poland has said it will no longer supply its neighbor Ukraine with weapons, as …
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Trump, DeSantis go head-to-head at key conservative summits in D.C.
Former U.S. President and Republican presidential candidate Donald Trump speaks at a South Dakota Republican party rally in Rapid City, South Dakota, September 8, 2023. Jonathan Ernst | Reuters Former President Donald Trump is set to deliver a pair of headline speeches Friday night at two socially conservative Christian groups’ gatherings in Washington, D.C., his …
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