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Tesla resumes tree cutting in Germany to build Gigafactory
Tesla Inc said it had resumed tree cutting in Gruenheide, Germany so it can construct its first European car and battery factory following moves by environmentalists to stop local deforestation.
Posted on : 2020-02-21 22:27:42
Companies in pharmaceutical supply chain develop system to track counterfeit drugs
Some of the industry's largest pharmaceutical companies, including Pfizer Inc and Eli Lilly and Co, have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the flow of counterfeit medicines, company officials said on Friday.
Posted on : 2020-02-21 22:13:47
Fed policymakers call for quick, strong action in next downturn
The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor Lael Brainard said on Friday.
Posted on : 2020-02-21 22:03:54
Branson says new Virgin cruise line will overcome coronavirus fears
British entrepreneur Richard Branson heralded his first cruise ship "Scarlet Lady" on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus.
Posted on : 2020-02-21 21:58:29
U.S. services, manufacturing sectors hit wall in February - Markit
U.S. business activity in both the manufacturing and services sectors stalled in February as companies have grown increasingly concerned about the coronavirus, a survey of purchasing managers showed Friday.
Posted on : 2020-02-21 21:55:53
Inside the Philip Morris campaign to 'normalize' a tobacco device
At Germany's Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a "reduced risk" heated-tobacco device sold by cigarette maker Philip Morris International Inc.
Posted on : 2020-02-21 21:40:31
Daimler warns of 'significant adverse effects' of virus outbreak
German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world.
Posted on : 2020-02-21 20:37:34
Take Five: 'Our currency, your problem' - all over again
The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it's added 2.5% against six currency peers.
Posted on : 2020-02-21 20:37:11
Oil retreats in face of renewed coronavirus uncertainty
Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.
Posted on : 2020-02-21 20:36:43
U.S. blacklisted Casimiro resigns from board of refiner Nayara Energy
Didier Casimiro, placed on a sanctions list by the United States earlier this week, on Friday resigned from the board of Indian refiner Nayara Energy, part-owned by Russian oil major Rosneft, company filings with the Indian government show.
Posted on : 2020-02-21 20:32:17
EU looks to nudge down spending plans to break budget deadlock
European Union leaders were looking on Friday to rein in their proposed spending from 2021 in a bid to break a budget deadlock that pits the bloc's few wealthy net contributors against their poorer peers who benefit from handouts.
Posted on : 2020-02-21 20:25:39
Green deal sprinkles stardust on European power stocks
Who said utilities shares were dull?
Posted on : 2020-02-21 20:25:15
Fund managers look for value in high-priced consumer sector
Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500.
Posted on : 2020-02-21 20:24:42
Tech stocks drag Wall Street lower as coronavirus spreads
U.S. stock indexes opened lower on Friday, dragged down by technology stocks for a second day, as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
Posted on : 2020-02-21 20:19:56
Asian LNG prices rise as buying interest jumps
Asian spot prices for liquefied natural gas (LNG) rose this week after five weeks of declines, as lower prices sparked cargo purchasing interest from various buyers.
Posted on : 2020-02-21 20:04:02
Asia gold: Chinese premiums slump to 3-1/2 year low as virus hits activity
Rising prices dented demand for physical gold in most Asian hubs this week, while the coronavirus outbreak dragged China's premiums to their lowest since July 2016.
Posted on : 2020-02-21 20:03:53
Factbox: China takes major steps to prop up coronavirus-hit economy
Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth.
Posted on : 2020-02-21 19:58:56
China's passenger car sales tumble 92% in first half of February due to virus outbreak
Retail sales of passenger cars in China crumbled 92% on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA), as the coronavirus outbreak slammed the brakes on businesses across the country.
Posted on : 2020-02-21 17:44:11
Asian airlines could lose $27.8 billion revenue from coronavirus - IATA
Airlines in the Asia-Pacific region stand to lose $27.8 billion (£21.6 billion) of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body.
Posted on : 2020-02-21 17:43:59
Solomon Islands seeks $100-billion loan from Chinese interests - documents
The Solomon Islands is seeking a $100-billion loan from Chinese interests in talks begun soon after the small South Pacific archipelago switched diplomatic ties to Beijing from Taiwan last year.
Posted on : 2020-02-21 16:34:01
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