Shares of China Evergrande New Energy Vehicle Group shot up on the Hong Kong stock exchange on Monday. The jump followed ailing Chinese real estate developer Evergrande’s plans to favour the growth of its electric car division over its real estate business. China Evergrande New Energy Vehicle Group, which […]
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IBM and American Airlines Ignore Texas Vaccination Ban
Tech company IBM, American Airlines and Southwest Airlines announced Tuesday (local time) that they would comply with President Joe Biden’s obligation to vaccinate employees against Covid-19. With that decision, they ignored a decree issued Monday by Texas Governor Greg Abbott. Instead, it states that nobody can demand a vaccination […]
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Eurotrader Group Enters the Liquidity Provision Space with Eurocapital
Eurotrader Group has branched out into the liquidity provision space with its latest Prime of Prime offering, Eurocapital October 2021, London: Eurotrader Group has branched out into liquidity provision with its new Prime of Prime offering, Eurocapital. Eurocapital delivers highly bespoke full-circle solutions and secure offerings, with products […]
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Boss Facebook: Not True That Profit Comes Before Safety for Us
It’s “just not true” that Facebook would put profits above user safety, says Facebook CEO Mark Zuckerberg. In a lengthy statement on his Facebook account, he defended himself against recent criticism about Facebook’s influence on the mental health of children and teenagers in particular. On Tuesday, a special hearing […]
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China Wants to Let Go of Electricity Price to Combat Shortages
China is considering letting go of regulated electricity prices for large consumers to prevent power outages. With coal becoming more expensive, many Chinese coal-fired power stations are loss-making due to the prevailing price caps, making them hesitant to supply more power. This has already contributed to the electricity shortages […]
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European Investors Watch German Elections
At the start of the new trading week, European investors will mainly focus on the German parliamentary elections and the gains for the Social Democratic SPD on Monday. The uncertainty surrounding the bankruptcy of the major Chinese real estate developer Evergrande continues to haunt the financial markets, as do the […]
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Bill Gates Raises Billion for Clean Energy Development
American companies such as American Airlines, Microsoft and General Motors have donated $1 billion to a Bill Gates initiative. The money will be used to stimulate the development of technologies that should lead to clean energy. Gates’ project is called Breakthrough Energy and focuses, among other things, on green […]
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China will Recycle More Plastic and Ban Thin Bags
In the fight against litter, China will reduce the use of plastic and, at the same time, focus more on recycling plastic. To combat “the entire chain of plastic pollution”, the country will ban fragile plastic bags and promote other materials such as bamboo. This is stated in a […]
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Hong Kong Stocks Plummet Due to Chinese Tech Companies
The Hong Kong stock market fell sharply on Monday due to significant price losses among Chinese tech companies. Fears of a stricter approach to the tech sector in China were further fueled by a report in the British business newspaper Financial Times that Beijing wants to break up payment […]
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Japan Economy Grew Somewhat Faster Than Expected in the Second Quarter
The Japanese economy grew somewhat faster than expected in the second quarter. That’s because Japanese companies have invested more than previously believed. However, the economic outlook remains uncertain for the country due to the high number of corona infections. The world’s third-largest economy grew 0.5 percent in the period […]