August 4, 2021 9:25 am
DHL Express, the unit of logistics group Deutsche Post, said on Tuesday that it had ordered 12 electric cargo planes from start-up company Eviation, to be delivered in 2024. DHL said it was the first company across the globe to order Eviation’s “Alice” aircraft. The “Alice” plane can be operated by a single pilot and […]
Read moreAugust 4, 2021 7:48 am
Blackstone and Hudson Pacific Properties said earlier this week that they intended to establish a major film, TV and digital production complex in Broxbourne, UK. This is expected to be the first expansion of their Sunset Studios platform abroad. Funds managed by Blackstone and Hudson Pacific bought a 91-acre site, located 17 miles from central […]
Read moreAugust 3, 2021 8:38 am
AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the bank’s policy meeting earlier on Tuesday, in line with market expectations. […]
Read moreAugust 3, 2021 7:08 am
Renault SA (RENA) has inked a five-year lithium supply deal with Vulcan Energy Resources Ltd, which has been the latest move by an electric car maker to lock in supply of the battery metal ahead of a forecast increase in demand. Under the agreement, Vulcan will supply 6,000 to 17,000 tonnes of lithium per year […]
Read moreAugust 2, 2021 8:34 am
Daimler AG (DAIGn) said last week that it would retain a 35% stake in the trucks division, which it intends to spin off by the end of this year. Daimler shareholders are expected to vote on the spin-off of Daimler Truck Holding AG as a separate listed entity during an extraordinary general meeting on October […]
Read moreAugust 2, 2021 7:10 am
Food delivery firm Deliveroo said last week that it was mulling whether to discontinue services in Spain, because of high costs related to running operations in the South European country, to focus on other markets. “The company has determined that achieving and sustaining a top-tier market position in Spain would require a disproportionate level of […]
Read moreJuly 30, 2021 8:45 am
Spot Gold rose for a fourth straight trading day on Friday and looked set to register a monthly gain, as the US Dollar hovered just above a one-month low, making the precious metal less expensive for holders of other currencies. A recent poll by Reuters showed that Gold prices were expected to rise a little […]
Read moreJuly 30, 2021 6:49 am
Royal Dutch Shell said on Thursday that it had raised its dividend and launched a $2 billion share buyback programme, as it reported the highest quarterly profit in over two years, supported by a sharp increase in oil and gas prices. Total earnings that exclude special items, increased to $5.53 billion during the second quarter, […]
Read moreJuly 29, 2021 8:31 am
Futures on US West Texas Intermediate Crude Oil hit a fresh two-week high on Thursday, as US crude oil inventories dropped to levels not seen since January 2020. At the same time, Brent Oil once again regained ground above $75 per barrel. Brent prices moved past the $75 mark for the first time in over […]
Read moreJuly 29, 2021 6:43 am
Starbucks Corp (SBUX) has extended its partnership with Nestle to launch ready-to-drink coffee beverages such as Starbucks Frappuccino and Doubleshot in markets across Southeast Asia, Oceania and Latin America from next year. In 2018, the two companies signed a global licensing deal, under which Nestle was granted the perpetual rights to market Starbucks packaged coffee […]
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