Adidas to close German, U.S. robot factories, says deploying tech in Asia would be more economical and flexible

Adidas to close German, U.S. robot factories, says deploying tech in Asia would be more economical and flexible

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GERMANY – Adidas has announced plans to close the high-tech “robot” factories in Germany and the United States it launched to bring production closer to customers. The sportwear manufacturer said in November that deploying some of the technology in these factories in…

German development finance institution, DEG opens representative office in Nigeria to oversee West Africa operations

German development finance institution, DEG opens representative office in Nigeria to oversee West Africa operations

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NIGERIA – German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG) has opened a representative office in Lagos, Nigeria’s economic hub, to pool DEG’s activities in the West African countries. A statement released by KfW (which is DEG’s parent institution) noted that,…

Merck to establish its Sustainability Centre at Dubai’s District 2020

Merck to establish its Sustainability Centre at Dubai’s District 2020

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UNITED ARAB EMIRATES– Merck KGaA, a leading science and technology company based in germany, has in October this year, announced the establishment of its Sustainability Centre in District 2020, Dubai. Merk revealed that the center will be launched during Expo 2020 Dubai…

Vodafone to close over 1000 European stores amid growing preference for online shopping

Vodafone to close over 1000 European stores amid growing preference for online shopping

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EUROPE – British based multinational telecommunications conglomerate Vodafone, has announced that it will shut 15% of its 7,700 stores in Europe and upgrade some of the remaining outlets as customers buy more online and change their expectations of in-store shopping. The company’s…