November 17, 2021 8:41 am
Berlin-headquartered e-scooter operator TIER Mobility said earlier this week it had acquired bike-sharing firm Nextbike in an attempt to form the largest provider of shared lightweight vehicles in Europe. The deal, whose financial details were not disclosed, will combine rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes in a single network. According to the two […]
Read moreNovember 16, 2021 9:50 am
AUD/USD snapped a two-day streak of gains on Tuesday, after Reserve Bank of Australia Governor Philip Lowe again dismissed market pricing for a rate hike in 2022, as, in his view, recent macro data and projections do not warrant such a decision. Markets are pricing a first hike from the current 0.10% level to 0.25% […]
Read moreNovember 15, 2021 10:22 am
GBP/USD was mostly steady on Monday, while recovering from Friday’s near 11-month low, as investors were waiting for fresh clues on both the US and the UK economy after placing bets last week for a first rate hike by the Federal Reserve by July 2022. Market players will be also on the watch for any […]
Read moreNovember 15, 2021 8:42 am
According to a report by German paper Automobilwoche over the weekend, citing Volvo Car AB’s (VOLCARb) CFO Bjorn Annwall, the auto maker intends to establish a third factory in Europe by the middle of the decade in an attempt to meet its production objective of 1.2 million vehicles per year. At present, Volvo operates two […]
Read moreNovember 12, 2021 10:02 am
Spot Gold eased on Friday as the US Dollar advanced to highs not seen since July 2020. Still, the yellow metal looked set to register its second straight week of gains, since concerns over rising US CPI inflation added to Gold’s appeal as an inflation hedge. US consumer prices rose at an annual rate of […]
Read moreNovember 12, 2021 8:34 am
Berkshire Grey Inc (BGRY), a leading provider of AI-enabled robotic solutions that automate supply chain processes, said on Thursday that it had recently secured new orders worth $36 million. That value includes $25 million in repeat orders from a blue-chip anchor customer and $11 million in orders from new clients, it said. The new orders […]
Read moreNovember 11, 2021 9:37 am
Futures on US West Texas Intermediate Crude Oil were mostly steady on Thursday. That followed a sharp drop in the previous session due to concerns rising inflation in the United States, driven by a surge in energy costs, may urge the government to release more strategic crude stocks to push prices down. US consumer prices […]
Read moreNovember 11, 2021 8:13 am
Taiwan Semiconductor Manufacturing Co (TSMC) and Sony Corp announced earlier this week that they intended to establish a $7 billion chip factory in Japan. In a separate statement, Sony Corp announced it would invest nearly $500 million in the facility. The plant will be focused on production of 22-nanometer and 28-nanometer chips in an attempt […]
Read moreNovember 10, 2021 10:17 am
Nvidia Corp (NVDA) said on Tuesday that it was working in cooperation with a range of self-driving sensor firms, including lidar company Luminar Technologies, to develop a system which can be used by auto makers for driver safety features as early as 2024. Nvidia chose a diversity of sensor partners for the system, including those […]
Read moreNovember 10, 2021 8:34 am
In an interview with CNBC earlier this week, PepsiCo Inc’s (PEP) Chief Executive Officer Ramon Laguarta said the company would have its first set of Tesla Inc electric trucks delivered during the fourth quarter. The packaged food maker had previously said that it intended to use the trucks to transport snack foods and beverages between […]
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