• Daimler buys 33% stake in battery cell producer

      Daimler buys 33% stake in battery cell producer

      German Daimler announced it would acquire a 33% stake in battery cells Automotive Cells Company (ACC). The maker of Mercedes Benz will partner in the joint venture alongside with the project's original founders Stellantis and TotalEnergies, Reuters reported. The purpose of the partnership is to develop cells and battery modules and "help ensure that Europe remains at the heart of the auto industry even in an electric era", Daimler Chief Executive Ola Kaellenius said in a statement.

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    • Boeing sees China jet demand spike to $1.47tn over next 20 years

      Boeing sees China jet demand spike to $1.47tn over next 20 years

      The airplane builder Boeing increased its previous forecast for expected China aircraft demand for the next 20 years, noting the fast economic recovery from pandemic and expected raise in budget traveling worldwide. Th Chinese airlines will need at lesat 8,700 new airplanes through 2040, 1.2% more than previous prediction of 8,600 planes made last year. Those would be worth $1.47 trillion based on list prices, the US planemaker said in a statement.

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    • Airbnb looses 80% of its business due to Covid-19

      Airbnb looses 80% of its business due to Covid-19

      The way people used to travel has been dramatically changed forever by the Covid-19 pandemic, the boss of lodging platform Airbnb said. Brian Chesky told the BBC the lines between business and leisure travel are waning because of remote working patterns. And he noted that people are opting for longer periods with family and friends as they seek more "human connection".

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    • Facebook stops the deal with Australian publishers

      Facebook stops the deal with Australian publishers

      The social media conglomerate Facebook announced it had told Australian publishers it had stopped talks over licensing deals. The move which comes just six months after the passing of legislation aimed to make tech giants pay for news content. While Facebook has announced agreements with most of the country's largest news outlets, some companies including TV broadcaster SBS and smaller publishers have been left out, Reuters elaborated.

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    • J&J booster jab raises effectiveness to 94%

      J&J booster jab raises effectiveness to 94%

      The pharmaceutical conglomerate Johnson and Johnson announced that a second shot of its Covid-19 vaccine given about two months after the first shot increased its effectiveness to 94% in the US against moderate to severe forms of the disease. That compares to only about 70% protection with a single dose, Reuters reported.

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    • BMW, Daimler face trials over carbon emissions targets

      BMW, Daimler face trials over carbon emissions targets

      German Daimler and BMW automotive producers found themselves under rapid legal fire over attempts to bring the two companies to court on charges linked to excessive carbon emissions. The heads of a German environmental NGO have sued both BMW and Daimler over their refusal to tighten carbon emissions targets and give up fossil fuel-emitting cars by 2030, Reuters reported. The NGO, Deutsche Umwelthilfe, confirmed that the lawsuits had been filed earlier this week.

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    • Boeing eyes large jet orders from European budget carriers

      Boeing eyes large jet orders from European budget carriers

      US Plane maker Boeing announced development plans based on increased demand for new jets on behalf of European low cost airlines. Boeing bets on Europe for the next 20 years, as airlines will have to replace their ageing planes with more fuel-efficient jets, Reuters elaborated. Boeing confirmed that it expected airlines in Europe to order 7,100 new single-aisle planes, mostly used for short haul trips, between 2021 and 2040, with low-cost specialists like Ryanair behind that demand.

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    • AstraZeneca vows $360m investment in Ireland

      AstraZeneca vows $360m investment in Ireland

      The European pharmaceutical conglomerate AstraZeneca announced plans to invest some 360 million dollars to facilitate a production site in Ireland. Te new unit will be focused on production of active pharmaceutical ingredients (APIs), or the main components of medicines, Reuters reported.

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    • Google, Apple face pressure over Russian elections

      Google, Apple face pressure over Russian elections

      The US tech giants Google and Apple faced intense pressure over their actions which favored the ruling Russian party in the course of country’s parliamentary elections. Google and Apple removed an anti-government tactical voting app from their stores on the first day of the parliamentary election, Reuters elaborated.

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