Kirin Q1 Profit Down
Kirin Holdings Co. Ltd. (KNBWF.PK,KNBWY.PK), a Japanese manufacturer of alcohol beverages and soft drinks, reported that its first-quarter profit attributable to owners of the company declined to 16.97 billion yen or 20.35 yen per share from 20.28 billion yen or 23.67 yen per share last year.
Revenue was 409.30 billion yen, down from 424.55 billion yen in the prior year.
For the current fiscal year, the company now projects basic earnings per share of 123.56 yen, normalized operating profit of 180.0 billion yen and revenue of 1.88 trillion yen.
Wayne Burgess appointed as Ola Electric’s VP of design
Having recently announced the set-up of its global design centre in Bengaluru for its passenger vehicle vertical, Ola Electric has now selected Wayne Burgess, a Jaguar veteran, to head its design unit for electric cars, while the company is also establishing a design studio in London.
Wayne Burgess will serve as the Vice President of Design at Ola Electric. He will split his time between the firm’s design studios in London and Bengaluru. Ola’s efforts to hire global talent show the company’s resolve to make a mark in India’s budding electric PV space. Commenting on hiring Burgess, Bhavish Aggarwal, Chairman and Group CEO, Ola, said, “Wayne is a fantastic addition to our leadership team and will bring global appeal and design aesthetic to our industry changing electric vehicles.”
“Wayne’s expertise in designing some of the most legendary vehicles will also be helpful in bringing these new form factors to consumers. I look forward to collaborating with him to build the most iconic range of EVs in the world,” he added.
Ola is working towards indigenously developing an electric car which will be a compact model with limited range.
Having joined Jaguar Land Rover in 2001, Burgess went on to become the Design Director of Jaguar Production and SVO Vehicles. He is known to have worked on numerous models, such as the F-Pace, F-Type, XE and last generation of the XJ before moving to head Chinese automaker Geely’s UK design centre in 2019.
Skoda Kushaq to launch in June 2021
Skoda is set to reveal prices for its all-new mid-size SUV, the Kushaq in June 2021 with the car reaching showrooms by July 2021.
As per tweets by Zac Hollis, Brand Director – Sales, Service and Marketing, Skoda Auto India, the Kushaq’s price announcement and spec reveal will take place in June, while the SUV will reach showrooms a little later, by July. It is highly likely that the launch has been postponed due to the ongoing COVID-19 situation in India, which has seen a number of states go into lockdown because of a surge in daily cases.
When it goes on sale the Kushaq will come with two engine options — a 115hp, 1.0-litre three-cylinder turbo-petrol and a 150hp, 1.5-litre four-cylinder turbo-petrol. Both engines will come with a six-speed manual gearbox as standard, with the 1.0-litre TSI getting a six-speed torque convertor auto and the 1.5-litre TSI getting a seven-speed dual-clutch automatic option. The Kushaq will also come packed with features like a free-standing 10.0-inch touchscreen infotainment system, connected vehicle tech, wireless Apple CarPlay and Android Auto, in-car Wi-Fi, electric sunroof, ventilated front seats and ambient lighting to name a few.
On the safety front, Skoda will provide six airbags, a rear parking camera, ISOFIX child seat mounts, auto headlamps and wipers and a multi-collision braking system. The carmaker will also offer ESC as standard across all variants.
Gold Subdued As Investors Await US Inflation Data
Gold prices were flat to slightly lower on Wednesday as investors await U.S. consumer inflation data due out later in the day for further cues on the Fed’s stance on inflation.
Spot gold slipped 0.1 percent to $1,834.75 per ounce, while U.S. gold futures were little changed at $1,834.85.
The U.S. dollar hovered above a 2-1/2-month low versus major peers and U.S. 10-year Treasury yields hit over 1-week high ahead of the CPI data expected to show a sharp rise in annual U.S. inflation, boosted by last April’s low base.
Despite various U.S. Federal Reserve officials reiterating a firmly dovish policy stance, it is feared that more sustained inflation might force the Federal Reserve to tighten monetary policy sooner than indicated by officials in their projections.
German consumer price inflation hit a two-year high in April, final data from Destatis confirmed earlier today.
The consumer price index rose 2.0 percent year-on-year following 1.7 percent increase in March. The latest inflation rate was the highest since April 2019, when it was at the same level. The preliminary estimates for all figures were confirmed.
Marjorie Taylor Greene’s Tweet Attacking The Squad Is Actually A Stunning Self-Own
Rep. Marjorie Taylor Greene (R-Ga.) on Tuesday self-owned with a tweet attacking the group of progressive House lawmakers known as the Squad.
“Members who support terrorism don’t belong in Congress,” the QAnon-endorsing Republican wrote, railing against lawmakers who have criticized Israel’s role in the escalation of cross-border violence with Gaza.
Critics were quick to point out Greene’s support of ex-President Donald Trump’s election lies, which instigated the deadly U.S. Capitol riot on Jan. 6:
Tell us: how do you feel about Debenhams closing its stores?
We would like to hear your memories of your local Debenhams store and what its closure will mean to your town centre
Last modified on Wed 12 May 2021 05.21 EDT
Debenhams will close its last high street stores on Saturday after more than 200 years on UK high streets. We would like to hear from shoppers and staff about what the closures mean to you.
Share your experiences
Do you have special memories of your local store? What will its closure mean for your town centre and will you miss it?
You can get in touch by filling in the form below. Your responses are secure as the form is encrypted and only the Guardian has access to your contributions. One of our journalists will be in contact before we publish, so please do leave contact details.
If you’re having trouble using the form, click here. Read terms of service here.