Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Business

Amazon aims to hire 150,000 holiday season workers

Amazon announced plans Monday to recruit 150,000 seasonal workers for the end of year holidays, as the online retail giant aims to navigate global supply chain disruptions and a tight hiring market.

Security

Sinclair hit by ransomware attack, TV stations disrupted

Sinclair Broadcast Group, which operates dozens of TV stations across the U.S., said Monday that some of its servers and work stations were encrypted with ransomware and that data was stolen from its network.

Business

Apple supplier Foxconn unveils electric vehicles

Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with.

Philips takes fresh hit from safety recall

Dutch electronics firm Philips said on Monday that sales had taken a fresh hit from a recall of faulty sleep and respiratory care equipment and from supply chain issues.

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