• 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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    • Facebook to launch its first smartwatch next summer

      Facebook to launch its first smartwatch next summer

      Facebook is preparing to finally launch its first smartwatch - news that the company hasn’t confirmed publicly. The Verge, however, has learned that the device is set to make its debut next summer, featuring a display with two cameras that can be detached from the wrist for taking pictures and videos. The materials can then be shared directly across Facebook’s suite of apps, including Instagram.

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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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    • UN warns of record food prices surging

      UN warns of record food prices surging

      The United Nations Food and Agriculture Organisation warned of possible global food shortage amid soaring costs related to pandemic, Reuters reported. The costs of imports monitored by FAO are seen soaring by 12% this year. The spike in costs is driven by extremely high demand in lockdown periods. The world's food import costs, which include shipping charges, is projected to reach to a record $1.715 trillion this year, from $1.530 trillion in 2020, FAO elaborated in its twice-yearly Food Outlook report.

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    • Deutsche Bank loses 300m euro over court ruling

      Deutsche Bank loses 300m euro over court ruling

      Deutsche Bank announced it expected massive losses after a court ruling, Reuters reported. The case was filed from customers challenging the volume of bank's fees. The information related to expected losses was confirmed by the CFO James von Moltke. In an online conference he stated that Deutsche Bank expects to take as much as a 300 million euro damage from the recent court rulling that favored consumers over banking fees.

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    • US buys extra 500 million Pfizer Covid-19 jabs

      US buys extra 500 million Pfizer Covid-19 jabs

      The United States announced they would buy 500 million extra doses of the Pfizer Covid-19 vaccine, AP reported. The new volume is intented to be shared globally. The jabs will be donated. The operation will be executed through the global COVAX alliance for donation to 92 lower income countries and the African Union. The process will continue over the next year.

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    • Graphene could allow hard drives to store ten times as much data

      Graphene could allow hard drives to store ten times as much data

      Solid-state drives may be the go-to for phones and most PCs and laptops, but the humble mechanical hard drive still has a place in the computing world - especially when you need a lot of storage, but you don't have the money. Therefore, it is probably no surprise that in recent time hard drive manufacturers have turned to increasingly esoteric methods of improving performance and capacities.

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