Japanese Startup Aerwins Technologies Will Be On NASDAQ
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For a company, a debut on the stock exchange is not only a way to raise capital from investors. For many companies, the presence on the stock exchange means greater credibility in the eyes of current and potential customers. The American stock exchange is the largest, so appearing on it can be very beneficial for a company located there. Japanese Startup Aerwins Technologies achieved its goal and got approved to list on NASDAQ.
In this article:
- Globalization is the answer to inflation ?
- Ford: “We have to change our cost profile”
- Aerwins Technologies
Globalization is the answer to inflation ?
The pandemic, followed by Russia's invasion of Ukraine, has turned supply chains upside down and caused shortages.
Rich industrial countries responded to scarcity, inequality and social stress with large fiscal packages.
Rising food and fuel prices can spark discontent, protests, and even revolutions and the collapse of governments around the world.
Large states are rethinking the benefits of globalization. While globalization has been under attack recently, history suggests that it may be the wrong target for policy renewal and that globalization is an antidote to inflationary spirals.
At the same time, we see new technologies that will provide better growth and a better ability to solve a wide range of today's problems - health, energy policy, climate and even security.
Today's dynamics of globalization have the potential to revolutionize systems optimization, making the results of previous technical changes cheaper and more accessible. In this sense, it is globalization that is the real law of reducing inflation.
How important is international trade when it comes to taming inflation? https://t.co/2KS2E8kXto pic.twitter.com/PgM1J3AFoW
— IMF (@IMFNews) February 2, 2023
Read next: Starbucks Revenues Are High Despite High Costs| FXMAG.COM
Ford: “We have to change our cost profile”
The push to transform Ford is becoming more urgent after the automaker reported adjusted earnings of $10.4 billion in 2022.
Costs and supply chain issues hurt Ford's bottom line again. Farley knows his company needs to change.
When Farley became Ford's CEO in October 2020, he vowed to quickly lead the automaker into a new phase of growth led by electric models.
Although it is not close to catching up with Tesla in many respects he has succeeded. Ford is the number 2 electric vehicle sales in the United States with a market share of just under 8%.
Despite all its achievements in switching to electric vehicles, Ford still struggles with internal combustion engine vehicles, which account for almost all of Ford's profits.
Farley knows investors are watching and waiting for Ford to finally act. That's why Farley wants Ford to become a much more efficient company, and he needs it to happen quickly.
Ford will take steps to reduce costs and make the automaker more efficient and profitable.
Ford CEO Jim Farley's frustration builds as he vows to transform the automaker https://t.co/QImZcbdBi1
— CNBC (@CNBC) February 3, 2023
Aerwins Technologies
Japanese startup Aerwins Technologies has been approved to list on NASDAQ as part of its merger with blank company Pono Capital Corp. Aerwins, which is taking orders for the XTurismo motorcycle-mounted hovercraft it unveiled last year, estimates the deal to be worth $600 million. Aerwins, which also sells drones and related technology, says its hovercraft can fly for up to 40 minutes and at speeds of up to 100 km/h.
Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ https://t.co/nzBEDEWOQv pic.twitter.com/AltEt5WvWM
— Reuters Business (@ReutersBiz) February 3, 2023
