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Fisker signs deal with Foxconn to build EVs
Fri, 14 May 2021 18:00:08 GMT
 
Fisker Inc has signed an agreement with Foxconn Technology to manufacture EVs in the United States starting in 2023, both firms announced on Thursday. >>
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UK's SFO launches investigation into Gupta's GFG
Fri, 14 May 2021 17:00:07 GMT
 
The UK's Serious Fraud Office has opened an investigation into suspected fraud, money laundering and fraudulent trading at Sanjeev Gupta's metal empire. >>
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Orange to fire 485 employees in Spain
Fri, 14 May 2021 16:00:08 GMT
 
Orange will fire about 485 employees in Spain in the coming weeks, the French telecommunications operator announced on Friday. >>
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US retail sales stalled in April
Fri, 14 May 2021 15:00:06 GMT
 
As reported by the US Commerce Department on Friday, US retails sales were unchanged last month. >>
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Chip deficit to cost carmakers $110B in revenues
Fri, 14 May 2021 13:41:57 GMT
 
The semiconductor chip shortage that hit the carmakers around the world will cost them $110B in lost revenues in 2021, topping the previous forecast of $61B, with an outlook the >>
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Foxconn eyes Q2 revenue jump
Fri, 14 May 2021 13:13:46 GMT
 
On Friday, Taiwan's Foxconn said it was anticipating a 15% surge in its Q2 revenue amid extension of the remote work boom caused by the coronavirus pandemic that drove the >>
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UK SFO searches in Gupta's GFG Alliance
Fri, 14 May 2021 12:00:09 GMT
 
The UK's Serious Fraud Office has launched an investigation into suspected fraud, money laundering and fraudulent trading at the GFG Alliance conglomerate, the steel magnate, including its financing accords with >>
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Amazon to add 10K new jobs in UK
Fri, 14 May 2021 10:55:44 GMT
 
Amazon is planning to create 10K new permanent job positions in Britain this year, taking the company's total UK workforce to over 55K, it stated on Friday. >>
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Stock indices recover
Fri, 14 May 2021 10:00:12 GMT
 
During Friday's European trading hours, stock indices around the world recovered, as the Federal Reserve had calmed down inflation fears. >>
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Tesla discusses battery supply deal
Fri, 14 May 2021 09:00:06 GMT
 
Tesla has entered talks with EVE Energy, the Chinese battery maker, to add the company to its factory supply chain in Shanghai, as Tesla seeks to bolster the lower-cost batteries >>
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Toshiba sees 63% annual profit jump
Fri, 14 May 2021 07:51:54 GMT
 
On Friday, Japan's Toshiba said it expected a 63% surge in its annual operating profit as pandemic and restructuring measures yielded results. >>
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Fisker completes deal with Foxconn
Fri, 14 May 2021 07:00:10 GMT
 
The electric carmaker Fisker and Foxconn Technology have finalised their vehicle-assembly deal, including plans to establish a US factory in 2023, both companies said earlier this week. >>
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Disney posts mixed results
Fri, 14 May 2021 06:00:29 GMT
 
Walt Disney said its streaming growth missed Wall Street expectations following robust consumer demand during the start of the pandemic, but reported its quarterly profit above estimates. >>
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Google to provide cloud services to SpaceX
Fri, 14 May 2021 05:00:08 GMT
 
Google announced it had won a deal for providing its cloud services to SpaceX, which launched the Starlink satellites to ensure high-speed internet. >>
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Amazon to employ 75K workers
Fri, 14 May 2021 04:00:07 GMT
 
Amazon.com is planning to hire 75K new workers, offering $100 extra for the COVID-19 vaccination proof, as the world's biggest e-commerce retailer seeks more employees for logistics operations. >>
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