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September 26, 2021

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UK looking at deal to remove China from nuclear project- report

Reuters
Car lights stream past a home near Dungeness nuclear power station in Kent, southern England, December 4, 2012./File Photo LONDON, Sept 25 (Reuters) – Britain is closing in on a deal which would remove China’s state-owned nuclear energy company China General Nuclear Power Group (CGN) from involvement in building a......

Daimler expands European battery network with 33% stake in ACC venture

Reuters
Mercedes logo in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert/File Photo Daimler to take 33% stake in battery venture ACC will begin supplying Daimler from mid-decade Daimler to invest up to 1 billion euros CEO Kallenius: “Our focus is on Europe” BERLIN, Sept 24 (Reuters) – Daimler’s (DAIGn.DE) Mercedes-Benz said......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

Australia sues Neoen for lack of power from its Tesla battery reserve

Reuters
Tesla Powerpacks at Neoen wind farm in Hornsdale, South Australia September 29, 2017. REUTERS/Sonali Paul MELBOURNE, Sept 23 (Reuters) – Australian Energy Regulator (AER) has filed a lawsuit against Neoen SA (NEOEN.PA), saying the French firm’s Tesla “Big Battery” in South Australia did not provide backup power during four months......

German auto giants place their bets on hydrogen cars

Reuters
BMW iX5 Hydrogen is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay MUNICH, Sept 22 (Reuters) – Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of......

West African bloc resorts to sanctions over Guinea and Mali coups

Reuters
ACCRA, Sept 16 (Reuters) – West Africa’s main regional bloc on Thursday imposed sanctions against the junta in Guinea and those slowing Mali’s post-coup transition – its toughest response yet to a run of military takeovers. The move was agreed at an emergency summit of the Economic Community of West......

Nikola, Iveco sign MoU to deliver 25 e-trucks to Hamburg port

Reuters
ULM, Germany, Sept 15 (Reuters) – Electric-truck maker Nikola (NKLA.O) and Iveco, the commercial vehicles brand of Italy’s CNH Industrial (CNHI.MI), on Wednesday said they had agreed to test and deliver up to 25 vehicles to the port of Hamburg, one of Europe’s largest. The memorandum of understanding, which was......

FTC staff to present findings on Big Tech’s smaller acquisitions

Reuters
WASHINGTON, Sept 15 (Reuters) – Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook (FB.O) and Alphabet’s (GOOGL.O) Google did that were sometimes too small to prompt antitrust review. The agency, which began holding open meetings after progressive Lina......

S.Korea fines Google $177 mln for blocking Android customisation

Reuters
Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – A South Korea’s antitrust regulator has fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in the......

Texas city to offer Samsung large property tax breaks to build $17 bln chip plant

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman Sept 6 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics (005930.KS) for a $17 billion chip......

China’s biggest air show to highlight homegrown technology

Reuters
Visitors look at airborne weapons displayed at a booth of Aviation Industry Corporation of China (AVIC) at the China International Aviation and Aerospace Exhibition, or Zhuhai Airshow, in Zhuhai, Guangdong province, China November 7, 2018. REUTERS/Brenda Goh Pandemic forced show to be postponed nearly a year To run from Sept.......

Factbox: Stocks to watch as Ida takes toll on Louisiana, Mississippi

Reuters
A satellite image shows Hurricane Ida in the Gulf of Mexico August 29, 2021. European Union, Copernicus Sentinel-3 Imagery, Processed by DG DEFIS/Handout via REUTERS Aug 30 (Reuters) – After sweeping ashore to Louisiana from the Gulf of Mexico Sunday, Hurricane Ida lost some of its punch as it grinded......

Salesforce rival Freshworks reveals revenue surge in IPO filing

Reuters
A man types into a keyboard during a convention in Las Vegas, Nevada, U.S. on July 29, 2017. REUTERS/Steve Marcus/File Photo Aug 27 (Reuters) – Business and customer engagement software company Freshworks Inc on Friday made public its filing for an initial public offering in the United States, reporting a......

Amazon-backed Rivian seeks $70-80 bln valuation in IPO – source

Reuters
The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo Aug 27 (Reuters) – Amazon.com Inc-backed (AMZN.O) electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its......

China’s CATL, Huayou eye 10% stakes in miner Jinchuan -sources

Reuters
A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. Picture taken August 8, 2018. REUTERS/Stringer CATL submits HK$2 bln offer for 9.9% of Jinchuan Intl – sources Deal would value Chinese cobalt miner at around......

Taiwan says BioNTech shots available earlier than expected

Reuters
A nurse prepares a Pfizer BioNTech coronavirus disease (COVID-19) vaccination as part of a vaccine drive by the Fernandeno Tataviam Band of Mission Indians in Arleta, Los Angeles, California, U.S., August 23, 2021. REUTERS/Lucy Nicholson TAIPEI, Aug 26 (Reuters) – Taiwan’s government said BioNTech SE (22UAy.DE) COVID-19 vaccines are available......

S.Korea set to curb Google, Apple commission dominance

Reuters
SEOUL, Aug 24 (Reuters) – South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy. The parliament’s legislation and judiciary committee......

Samsung to invest $206 bln by 2023 for post-pandemic growth

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman SEOUL, Aug 24 (Reuters) – Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors......

AB Volvo buys Chinese truck business for about $125.7 million

Reuters
STOCKHOLM/BEIJING, Aug 23 (Reuters) – AB Volvo said on Monday it had struck a deal to buy a heavy duty truck subsidiary of Jiangling Motors Corp (JMC) (000550.SZ) for about 1.1 billion Swedish crowns ($125.7 million) to make trucks in the world’s biggest vehicle market. The acquired business includes a......

Biden administration to use commercial airlines to carry Afghan evacuees

Reuters
U.S. soldiers, assigned to the 82nd Airborne Division, arrive to provide security in support of Operation Allies Refuge at Hamid Karzai International Airport in Kabul, Afghanistan, August 20, 2021. Senior Airman Taylor Crul/U.S. Air Force/Handout via REUTERS WASHINGTON, Aug 22 (Reuters) – U.S. President Joe Biden’s administration said on Sunday......

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