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Renault slams brakes on listing of Ampere EV division
Renault slams brakes on listing of Ampere EV division
Economy
by  AFP

French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavourable to list the company's shares. Ampere launched in November 2023 and plans were to list the unit's shares on the stock exchange in the first half of 2024 at an estimated valuation of eight to 10 billion euros, or as much as Renault.

Amazon scraps buyout of iRobot vacuum maker after EU objections
Amazon scraps buyout of iRobot vacuum maker after EU objections
Technology
by  AFP

Amazon on Monday said it was dropping its plans to buy the iRobot vacuum maker after the EU's antitrust authority objected to the plan over competition concerns. The EU said it was especially concerned that Amazon's role as the world's preeminent internet retail hub would allow it to crush competition from other vacuum-makers seeking online buyers.