Author Archives
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European Commission releases draft green investment rules
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
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Tesla reports record Q4 deliveries, despite global chip shortage
In a significant development, Tesla Inc has reported record quarterly deliveries far exceeding Wall Street’s estimates, as it rides out global chip shortages. The development the sixth consecutive quarter for Tesla, the world’s most valuable automaker, wherein it posted record deliveries…. Read More ›
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Morgan Stanley agrees to settle proposed data security class action lawsuit with $60M
US banking giant Morgan Stanley has agreed to pay $60 million to settle a lawsuit brought by customers who have alleged that the bank exposed their personal data when it failed – twice – to properly retire its legacy information technology…. Read More ›
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AT&T & Verizon reject request to delay 5G wireless services, offer to adopt temporary safety measures
In a significant development, the CEOs of Verizon Communications and AT&T have rejected a request to delay the planned introduction of 5G wireless services over aviation safety fears. They have however offered to temporarily adopt new safety measures. Earlier last week, U.S…. Read More ›
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AMD’s $35 billion acquisition of Xilinx expected to be completed in Q1 of 2022
In a statement Advanced Micro Devices Inc and Xilinx said, the former’s $35 billion all-stock deal for the latter is expected to close in the first quarter of 2022. Previously the deal was expected to closed by the end of 2021…. Read More ›
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US Appeals Court revives Libor rigging claims against big banks
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
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Assets in iShares ESG fund plummets by 91% after top investor Ilmarinen’s exit
According to public data, the iShares of ESG MSCI EM Leaders ETF saw heavy outflows this week, leading to a tenfold drop in the assets managed by the ETF focused on sustainable emerging-market companies. In September, Finland’s Ilmarinen Mutual Pension Insurance… Read More ›
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Germany drops negative COVID-19 test for UK travelers
From January 4, Germany will drop its demand for travellers from Britain to quarantine and provide a negative COVID-19 test – requirements that were imposed earlier in December during a surge of the Omicron coronavirus variant. In a tweet, the… Read More ›
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IKEA raises prices by 9%, sees supply chain disruptions far into 2022
In a statement IKEA said, it is raising the prices by around 9% following an increase in raw material prices and transportation costs. Previously, IKEA had said it was leasing more ships, buying more containers and re-routing goods between warehouses… Read More ›
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Global chip shortage should end by 2022: BMW CEO
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
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