Month

Year



26/07/2021

GM, Cruise sue Ford to block use of 'BlueCruise' name for hands-free driving


General Motors Co (GM.N) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor Co (F.N) from using the name "BlueCruise" to market its hands-free driving technology, the companies said on Saturday.


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China regulator bars Tencent from exclusive rights in online music


China's market regulator on Saturday said it would bar Tencent Holdings Ltd (0700.HK) from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation.


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Armani bounces back from pandemic as sales rise 34% in first half


Sales at Giorgio Armani jumped 34% in the first half of 2021 as business in China and the United States helped the Italian fashion group bounce back, although it said it could be next year before it fully recovers from the pandemic.


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13/07/2021

Aging population to hit U.S. economy like a 'ton of bricks' -U.S. commerce secretary


President Joe Biden does not yet have enough support from fellow Democrats to secure $400 billion in spending for at-home care for the elderly and disabled that the economy desperately needs, Commerce Secretary Gina Raimondo told Reuters on Monday.


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ECB to taper pandemic buys after Sept, COVID-19 variants top risk


The European Central Bank will start tapering its pandemic-related asset purchases after its September meeting and stop buying them by the end of March, according to a Reuters poll which showed the top economic risk was new COVID-19 variants.


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Virgin Galactic files for $500 mln stock sale, shares tumble


Virgin Galactic Holdings Inc (SPCE.N) on Monday filed to sell up to $500 million in common stock, a day after the company completed its first fully crewed test flight into space with billionaire founder Richard Branson on board.


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08/07/2021

Fed keen to be 'well positioned' to act on inflation, other risks, minutes show


Federal Reserve officials last month felt substantial further progress on the U.S. economic recovery "was generally seen as not having yet been met," but agreed they should be poised to act if inflation or other risks materialized, according to the minutes of the central bank's June policy meeting.


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Robinhood IPO faces threat of retail snub on Reddit


Online brokerage Robinhood Markets Inc, which helped enable the "meme stock" frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering.


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As meme stock momentum fades, AMC, GameStop fall


Shares in so-called meme stocks with a following among retail investors lost ground on Wednesday, with AMC Entertainment (AMC.N) shares down 8.1%, on track for their fourth straight day of declines, and GameStop Corp (GME.N) falling 4.9%.


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06/07/2021

OPEC disagreement lays bare growing UAE-Saudi economic rivalry


Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.


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