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German Startup Raises Millions to Robotize Clothing Returns

Robotic devices usually have trouble manipulating soft goods like textiles and apparel. Sewts raised $7.6 million to help change that. ....

Bayern Kapital , John David Rainey , Alexander Bley , Michal Natora , German Otto Group , Nabtesco Technology Venture , Emerald Technology Ventures , Equitypitcher Ventures , Locus Robotics , John David , Artificial Intelligence , German Otto Group ,

Sewts gains funding to minimise manual labour in fashion industry

Sewts has concluded a €7m ($7.6m) series A financing round in a bid to solve labour shortages by automating clothing production. ....

Alexander Bley , Michal Natora , Bayern Kapital , Emerald Technology Ventures , Nabtesco Technology Venture , German Otto Group , Sewts Velum , Equitypitcher Ventures ,

Goldman Sachs, with big earnings jump, is having a profitable pandemic

Goldman Sachs, with big earnings jump, is having a profitable pandemic
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File Photo: One big change at Goldman from the last time it reported revenue this high is how much of it went into employees’ pockets
(REUTERS)
Peter Rudegeair
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For many Americans, 2020 was a year to forget. For Goldman Sachs Group Inc., it was one for the record books.
Fueled by the markets’ quick recovery from the worst of the pandemic-induced recession, Goldman generated $44.56 billion in annual revenue, the most since 2009, harking back to the last time the bank successfully navigated a crisis and its aftermath. Trading revenue for 2020 reached a 10-year high. ....

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New Stellantis CEO plans to preserve factories, offer more distinctive brands

New Stellantis CEO plans to preserve factories, offer more distinctive brands
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(Bloomberg)
Nora Naughton
, The Wall Street Journal
The newly combined auto maker, created by the merger of Fiat Chrysler and PSA, began trading in New York on Tuesday
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Stellantis N.V.’s new Chief Executive Carlos Tavares outlined his vision for the newly combined auto maker Tuesday, saying he would preserve factories, draw more distinctions between brands and reassess troubled operations in China.
Shares of the new auto-making company, created through the merger of Fiat Chrysler Automobiles NV and Peugeot-maker PSA Group over the weekend, began trading in New York on Tuesday morning, following its debut on the Paris and Milan stock exchanges on Monday. ....

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