• Google offers paid Gmail to firms

      Google offers paid Gmail to firms

      Google moved a step closer to charging for the usage of Gmail as the company unveiled a paid option for small businesses, Reuters reported. The new features included in the paid mail include video chat and email newsletter functionalities.

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    • GSK pays $2bn for cancer drug tie-up

      GSK pays $2bn for cancer drug tie-up

      UK leading pharmaceutical producer GlaxoSmithKline announced it had reached an agreement to pay two billion dollars to US iTeos Therapeutics, Reuters reported. The payment is aimed to facilitate a tie-up to develop and sell a potential cancer treatment together. The US firm will receive a $625 million upfront payment and is eligible to get up to $1.45 billion more if the programme meets certain development and commercial milestones.

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    • Virgin Orbit targets $3bn IPO

      Virgin Orbit targets $3bn IPO

      Virgin Orbit, which is the satellite launcher of Virgin Galactic hopes to complete an IPO which will value the company at $3bn, CNBC reported. Virgin Orbit is part of the conglomerate of UK billionaire Richard Branson focused on space travel and satellite management. Virgin Orbit is a subsidiary of Virgin Galactic which is in advanced discussions to about the IPO through a SPAC.

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    • Vertical aims $2.2bn SPAC IPO deal

      Vertical aims $2.2bn SPAC IPO deal

      US electric vertical takeoff and landing firm Vertical Aerospace, announced plans to go public through a SPAC deal in a bid to raise as much as 2.2 billion dollars, Reuters reported. The production of the eVTOL aircraft has gained backing by key investors like American Airlines. Vertical Aerospace said it has pre-orders for up to 1,000 eVTOL aircraft with launch customers that also include Avolon, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion.

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    • Peugeot faces €5bn fines over „dieselgate“ scandal

      Peugeot faces €5bn fines over „dieselgate“ scandal

      The French carmaker Peugeot announced it was facing legal charges in Paris court related to allegations of cheating about diesel emissions, AFP reported. The parent company Stellantis confirmed the legal actions which may cost billions of euros after similar charges were pressed against Renault and Volkswagen.

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    • Airbus posts 38% growth in May as jet demand recovers

      Airbus posts 38% growth in May as jet demand recovers

      The European airplane maker Airbus announced it had managed to delver 50 new jets in May, bringing the total number of produced planes to 220 units since the start of 2021, Reuters reported. Those figures put the output growth of the based in France firm at 38% compared to the same period of 2020. The 2021 deliveries included the first A380 superjumbo to Dubai's Emirates since December 2020 with only four more left to deliver.

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    • EU 5G rollout ups Samsung growth

      EU 5G rollout ups Samsung growth

      The South Korean giant Samsung eyes the EU drive for fast introduction of 5G networks as a major possibility to increase its output growth, Reuters reported. Samsung is aiming to capitalise of the robust network construction growth as its main rival Huawei vowed to focus on its domestic operations in China after the firm was badly hurt in US and some European countries as security issues weighed on Huawei's ongoing contracts.

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