Category: supplier
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Durham medical supplier clinches multi-million pound funding boost
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Forma-Care (UK) LTD, a leading supplier for Continution Care to NHS, has obtained an important financing package with the support of Leonard Cortis. The arrangement represents more than 5 million pounds of the financing that has been collected in recent years, ensuring that its headquarters in Durham can accelerate its…
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India is now Russia’s No. 2 supplier of restricted technology
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India has become the second-largest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge faced by efforts to stifle exports that fuel President Vladimir Putin’s war machine. Indian exports of banned items such as microchips, circuits and machine tools topped $60 million in both…
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100,000 customers switch electricity supplier
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Just over three months since the Ministry of Energy and Infrastructure’s electricity market reform took effect, the threshold of 100,000 customers in Israel changing their electricity supplier has already been crossed, which was the target of the end of 2024. 42,000 households and businesses have applied to change suppliers While…
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Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts By Reuters
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Written by Nathan Fevlin (Reuters) – French auto parts supplier Forvia cut its annual sales and profit forecasts for the second time in three months on Friday, reflecting weakness in European and North American markets and a delay in China. “We have lost, compared to last year, about 2 million…
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Nvidia supplier SK Hynix’s shares rally as mass production of latest HBM chips begins By Reuters
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Written by Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Shares of SK Hynix jumped more than 9 percent on Thursday after the South Korean company began mass production of its most advanced high-bandwidth memory chips, advancing in a race to meet demand from the artificial intelligence boom. Shares of…
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Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say By Reuters
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Written by Mike Stone, Alison Lambert, and Tim Heffer (Reuters) – Boeing Co (NYSE:) is close to reaching an agreement to buy back Spirit AeroSystems (NYSE:) after its former subsidiary made a breakthrough in separate talks with Airbus over the breakup of the troubled transatlantic supplier, people familiar with the…
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Court orders KRA to refund Sh54m to Nakumatt supplier Hotpoint
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The Kenya Revenue Authority (KRA) has ordered the return of over Sh54 million to home appliance and electronics company Hotpoint over bad debts arising from goods delivered to retail giant Nakumatt. The Tax Appeals Tribunal has criticized the Local Tax Commissioner for not allowing the Sh54.8 million value added tax…