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M&S's full-year profit drops 88%
Wed, 26 May 2021 09:50:01 GMT
 
On Wednesday, the UK retailer Marks & Spencer posted an 88% drop in its annual profit, marking lower demand in clothing sales amid the COVID-19 restrictions. >>
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China's Li Auto sees monthly sales higher
Wed, 26 May 2021 09:30:27 GMT
 
China's Li Auto, the electric carmaker, is expecting its sales to reach 10K vehicles a month starting from September and is planning its sales network expansion, executives stated on Wednesday. >>
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Ford develops EV platforms
Wed, 26 May 2021 08:00:10 GMT
 
Ford Motor has followed its rivals Volkswagen, Tesla and General Motors with developing two electric vehicle platforms, where one is deemed for smaller sport-utility vehicles and cars and the other >>
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Tesla establishes car data storage
Wed, 26 May 2021 07:00:07 GMT
 
Tesla, the US electric carmaker, has set up a site located in China for car data local storage amid growing scrutiny on the carmakers over handling the data collected by >>
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Vimeo shares drop in debut on Tuesday
Wed, 26 May 2021 06:00:16 GMT
 
Vimeo's shares tumbled as much as 9.5% in their Nasdaq debut on Tuesday after InterActiveCorp's spin-off. >>
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US firms appoint more African-American directors
Wed, 26 May 2021 05:00:07 GMT
 
According to ISS Corporate Solutions, S&P 500 companies have appointed more African-American directors since last year. >>
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Tesla establishes site in China to store data
Wed, 26 May 2021 03:59:55 GMT
 
On Tuesday, the US electric car producer Tesla Inc announced that it has set up a site in China to store vehicle data locally. >>
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SMBC agrees to acquire 14 new 737 MAX jets
Wed, 26 May 2021 03:00:07 GMT
 
SMBC Aviation Capital has ordered 14 additional Boeing 737 MAX aircraft, the company's Chief Executive Officer Peter Barrett announced on Tuesday. >>
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Huawei to launch new OS in June
Wed, 26 May 2021 02:00:08 GMT
 
Huawei Technologies will launch its Harmony operating system (OS) for smartphones next week, the Chinese tech giant announced on Tuesday. >>
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VW gets €7.5B offer for Lamborghini
Tue, 25 May 2021 19:00:07 GMT
 
Volkswagen received a €7.5B offer for Lamborghini, Autocar reported, though VW's Audi stated that the supercar brand was not for sale. >>
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Ford follows VW, GM with new EV platforms
Tue, 25 May 2021 18:27:43 GMT
 
Ford Motor is expected to announce that it was developing two dedicated all-electric car platforms within the strategy to catch Volkswagen, General Motors and Tesla, sources said. >>
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Putin, Biden to meet in Geneva in June
Tue, 25 May 2021 18:00:07 GMT
 
The US President Joe Biden and Russia's President Vladimir Putin are expected to meet in Geneva on June 16 amid sharp disputes on election interference, cyberattacks and human rights. >>
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VW, BMW to face reduced emission fines by EU
Tue, 25 May 2021 17:18:57 GMT
 
Volkswagen and BMW are set to face lowered EU antitrust fines on clean emissions technology after regulators narrowed the investigation scope, a source familiar with the matter stated. >>
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Germany looking into Google
Tue, 25 May 2021 16:00:07 GMT
 
The German antitrust regulator has opened an inquiry into Google to see whether it is exploiting its market dominance by the way the tech giant is handling its data, the >>
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Huawei to roll out Harmony in June
Tue, 25 May 2021 15:00:06 GMT
 
China's Huawei Technologies is planning the launch of Harmony, its new smartphone operating system, as soon as June 2, as the company tries to recover from damages done by sanctions >>
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