• Volvo eyes falling sales by the end of 2021

      Volvo eyes falling sales by the end of 2021

      The Swedish carmaker Volvo warned that its sales volumes are expected to slump in the second half of 2021. The company expects a year-on-year fall after it was forced to slash production due to material shortages, Reuters elaborated. The carmaker said sales dropped by 10.6% from a year ago in August, despite strong underlying demand, and cautioned the potential decline in volumes in the second half could impact revenue and profit.

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    • EU slams a Vodafone, Deutsche Telekom deal

      EU slams a Vodafone, Deutsche Telekom deal

      The EU highest court ruled that a deal between Vodafone and Deutsche Telekom targeted at German audience, violates the European rules on roaming and net neutrality. The court ruling is a major setback to popular mobile products such as Deutsche Telekom's StreamOn, which offers unlimited data for watching video while customers are in Germany but slows transmission speeds when they go abroad, Reuters elaborated.

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    • Apple eases rules for content companies

      Apple eases rules for content companies

      The technological conglomerate Apple announced it would ease restrictions related to its app store for content companies like Netflix. The content suppliers will be able to provide links to their websites so customers can sign up for paid accounts, Reuters elaborated.

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    • Amazon opens 55,000 new jobs to fuel expansion plans

      Amazon opens 55,000 new jobs to fuel expansion plans

      US Amazon announced massive expansion plans which include the recruitment of tens of thousands new employees. The company vows to appoint some 55,000 new staff globally with emphasis on corporate jobs and roles in robotics, research and engineering, BBC reported. The main lot or about 40,000 jobs will be based in the US, another 2,500 are envisaged for the UK and the remainder mostly in India, Germany and Japan.

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    • Tesla halts China output over chip shortage

      Tesla halts China output over chip shortage

      US electric car maker Tesla announced it suffered from the global semiconductor chip shortage and was forced to halt temporarily production in its key factory in China. The semiconductor chips are essential for the automotive industry. Part of a production line at the Tesla's China plant was stopped for several days in August, Reuters said, quoting a company's report.

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    • Google appeals €500m French penalty

      Google appeals €500m French penalty

      US tech conglomerate Google announced it was launching an appeal against a 500 million euros worth fine that was imposed by France's antitrust regulator in July. The penalty is over the way in which the company handled discussions with French news publishers in a copyright debate, Reuters reported. The fine followed increasing international pressure on online platforms such as Google and Facebook to share more revenue with news outlets.

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    • VW appeals a multi billion dollars US verdict over Dieselgate

      VW appeals a multi billion dollars US verdict over Dieselgate

      The German carmaker Volkswagen filed an appeal in US Supreme Court against a ruling of Ohio court that paved the way for the state to move forward with claims amounting at billions of dollars. The claim is linked to the scandal which unveiled manipulations of control systems in the cars, Reuters reported. Ohio said VW engaged in “deceptive recalls” after vehicles were sold.

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    • OPEC+ ups its 2022 global oil demand forecast

      OPEC+ ups its 2022 global oil demand forecast

      The expanded organisation of oil exporting countries OPEC+ announced it revised upwards its forecast for the global demand and consumption in 2022. The projected higher demand is coupled with falling inventories and rising prices, Reuters elaborated. OPEC+ is under intense pressure by US to increase its oil output.

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    • Philips recalls millions respirators

      Philips recalls millions respirators

      The Dutch electronics and health technological conglomerate Philips announced it would replace and repair millions of its respirators and ventilators due to safety concerns of potential human health harm. Respirators and ventilators became very popular in the beginning of 2019 with the spread of the Covid-19 pandemic. The first lot of machines to be addressed are delivered in US, Reuters reported.

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