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Europost - Weekly for politics, business and culture Europost www.europost.eu politics, business and culture
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Business / 

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Energy Finance Trade Transport Companies Hi-Tech

    • Ford closes its Brazil plants as sales dip driven by pandemic 12 January, 2021

      Ford closes its Brazil plants as sales dip driven by pandemic

      • Companies
      • Europost

      Ford Motor confirmed on Monday it was stopping operations in its major Brazil facilities as pandemic forced the company to implement a global restructuring plan valued at some $11bn. In Brazil alone production will cease immediately at Ford’s plants in Camaçari and Taubaté and the firm will take pretax charges of about $4.1 billion, Reuters reported.

      47
    • Novavax bosses cash out profits with vaccine trials under way 12 January, 2021

      Novavax bosses cash out profits with vaccine trials under way

      • Companies
      • Europost

      Some top executives at US pharmaceutical company Novavax have started selling some of their stocks in a bid to capitalize on positive outlook amid on-going trials of the firm’s Covid-19 vaccine, Reuters reported.

      25
    • Russian Turla group behind SolarWinds hack attacks 11 January, 2021

      Russian Turla group behind SolarWinds hack attacks

      • Hi-Tech
      • Europost

      Investigators of the SolarWinds massive hacking attack have identified spying tools previously used by Moscow-related hackers, Reuters reported quoting sources involved in the investigation.

      133
    • Gatwick trumps Blackstone to buy Signature Aviation for $4,63bn 11 January, 2021

      Gatwick trumps Blackstone to buy Signature Aviation for $4,63bn

      • Transport
      • Europost

      The co-owner of London’s Gatwick Airport, Global Infrastructure Partners scored a last minute $4,63 billion deal to secure control over British private jet servicing company Signature Aviation, Reuters reported.  

      30
    • TD Bank sued for $5,5bn in Ponzi scheme scandal 11 January, 2021

      TD Bank sued for $5,5bn in Ponzi scheme scandal

      • Companies
      • Europost

      Toronto-Dominion Bank will have to stand trial and face charges linked to the bank’s ignorant behavior which resulted in billions of dollars damages amid the operations of a Ponzi scheme set by the Texas financier Robert Stanford, Reuters reported.

      58
    • Apple, Hyundai set to agree electric car tie-up 11 January, 2021

      Apple, Hyundai set to agree electric car tie-up

      • Companies
      • Europost

      Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.

      37
    • First-ever all-virtual CES 2021 kicks off today 11 January, 2021

      First-ever all-virtual CES 2021 kicks off today

      • Hi-Tech
      • Europost

      CES, the world’s largest tech show, is quite something to behold. Or it would be if you could actually behold it in person. Almost inconceivably, the industry extravaganza spans the entire Las Vegas Convention Center, the nearby Sands Expo and a dozen or more hotels up and down the Strip. As WSJ best describes it, it is like a Disneyland for tech. This year, you can also see it all - however, only from the little screen through which you see pretty much everything else these days.

      54
    • Saudi Arabia to build a zero emissions city 11 January, 2021

      Saudi Arabia to build a zero emissions city

      • Business
      • Europost

      A totally-pedestrianised city is set to create 380,000 jobs in Saudi Arabia as Crown Prince Mohammed bin Salman launched ‘The Line’, the latest piece in the futuristic jigsaw that is the Neom $500bn giga project.

      54
    • US trade deficit spikes to 14-year high of $68,1bn 08 January, 2021

      US trade deficit spikes to 14-year high of $68,1bn

      • Trade
      • Europost

      The trade deficit of US last November surged to $68.1 billion which is the highest for a month period in 14 years, as a dramatic increase in imports overshadowed a modest growth in exports, AP reported.

      60
    • Credit Suisse posts $850m end-year loss amid higher provisions 08 January, 2021

      Credit Suisse posts $850m end-year loss amid higher provisions

      • Finance
      • Europost

      The leading Swiss bank posted a huge loss at the end of 2020 as the financial institution had to set aside funds to guarantee for the settlement of a big dispute in US. The total cash amount is estimated at some 850 million dollars.

      45
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