Germany’s conservative candidate who will succeed Angela Merkel as chancellor is scheduled to meet Tesla’s CEO Elon Musk sometime today during a visit to the company’s gigafactory site in Gruenheide near Berlin. “I am glad that Elon Musk has just… Read More ›
According to industry sources, Chinese and South Korean refiners have purchased at least 5 million barrels of U.S. Mars crude taking advantage of lower prices in recent weeks. Ongoing production restraints by producers in the Middle East as well as… Read More ›
In a statement, Chinese battery giant CATL said, it is planning a private share placement to raise up to $8.98 billion (58.2 billion yuan) to fund six projects aimed at boosting the production capacity of lithium-ion batteries. The development comes at… Read More ›
Economic growth in Britain in June was faster than expected at 1 per cent as the month also marked the first full month of indoor service for many hospitality firms. The growth was fuelled by the healthcare sector where a… Read More ›
According to global fund managers, unpredictable behavior of China’s regulators make investing in China unappealing to foreign investors in the short-term. If Beijing were to make more meaningful reforms on data protection and reduce monopolistic practices by state-controlled companies will… Read More ›
On Thursday, in a statement the TUI Group said, the holiday travel sector is seeing a recovery from the COVID-19 pandemic. Following easing of travel restrictions in Britain, the holiday company saw a surge in bookings from Germany and continental… Read More ›
In a statement Britain’s Heathrow Airport said, the total number of passenger travelling through the airport in in July has surged, following the government easing travel restrictions; it however warned that overall numbers were still down by 80% compared to… Read More ›
In a statement Deliveroo said, the value of orders on its platform has more than doubled in the first half of this year, despite the gradual reopening of restaurants in Britain – its biggest market. In a statement Deliveroo’s CEO, Will… Read More ›
According to three sources with knowledge of the matter at hand, French retailer Carrefour plans on launching a sale of its Taiwan business, which is valued at around $1.9 billion (1.6 billion euros) in the coming weeks. Carrefour has hired Morgan Stanley to… Read More ›
According to three sources familiar with the matter at hand, China’s Great Wall Motor has decided to re-allocate a portion of its $1-billion investment in India to Brazil following a year-long delay in winning government approvals. The development comes in the… Read More ›
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