investment

    • Nissan, Envision launch £1bn UK EV hub

      Nissan, Envision launch £1bn UK EV hub

      The Japanese carmaker Nissan announced it would start production of a new generation all electric car in UK, BBC reported. Nissan vowed a total investment of £1bn in the new facilities as nearly half of that sum will be provided by battery maker Envision which will also be involved in moving its output activities closer to the EV production site and thus form a hub.

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    • Airbus vows to assemble fighter jets in Switzerland

      Airbus vows to assemble fighter jets in Switzerland

      The leading European planemaker Airbus vowed to build a brand new factory and launch production of Eurofighter jets in Switzerland if the country chooses it to execute a lucrative contract valued at 6 billion Swiss francs. Germany, Italy, Spain and UK which also make Eurofighter planes also submitted strong offers coupled with political influence, Reuters reported. The government in Bern will have to choose between two European and two US offers.

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    • GM invests $35bn in EVs by 2025

      GM invests $35bn in EVs by 2025

      US carmaker General Motors announced plans to increase by at least 30% spendings on autonomos and electric vehicles through 2025 to some $35bn, Reuters reported. GM plans to facilitate its plans by building two new battery plants in US. GM has earmarked intentions to become leading US producer of electric vehicles. The new plans builds up on the company's 2020 vows for investments of some 20 billion dollars.

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    • Up to €14.7 billion to be invested via Horizon Europe

      Up to €14.7 billion to be invested via Horizon Europe

      The Commission adopted today the main work programme of Horizon Europe for the period 2021-2022, which outlines the objectives and specific topic areas that will receive a total of €14.7 billion in funding, the EU press service reported. These investments will help accelerate the green and digital transitions and will contribute to sustainable recovery from the coronavirus pandemic and to EU resilience against future crises.

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    • Hyundai invests $7.4bn in EV production in US by 2025

      Hyundai invests $7.4bn in EV production in US by 2025

      South Korea's leading carmaker Hyundai announced plans for massive investments in US as the company eyes the fast growing market of electric vehicles, Reuters reported. The earmarked investment volumes are expected to top 7.4 billion dollars by 2025. The funds will be focused on expansion of existing facilities upgrade of production lines and further investment in smart mobility solutions.

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    • Samsung vows $151bn investments in non-memory chip production

      Samsung vows $151bn investments in non-memory chip production

      The global shortage of semiconductor chips have spurred a rush for research and production among countries and tech firms. In its latest bid to boost output capacity the South Korean tech conglomerate Samsung announced plans for massive investments, Reuters reported. The company's statement is in line with Seoul's efforts to support local producers by increasing tax breaks and offering low interest long term loans.

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    • BioNTech builds huge vaccine factory in Singapore

      BioNTech builds huge vaccine factory in Singapore

      BioNTech unveiled massive investment plans related to establishing regional headquarters and building brand new manufacturing site for its RNA vaccines in Singapore, in the latest move to boost opperations in its production network, Reuters reported. The pharmaceutical company earmarked Singapore output facility would have an estimated annual capacity of several hundred million doses of mRNA-based vaccines depending on the specific type, once it is operational in 2023.

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    • Italy upgrades the Colosseum with 18.5m euro

      Italy upgrades the Colosseum with 18.5m euro

      Pandemic is still sweeping through a lot of countries with death-toll constantly rising but the preparation for the new tourist season is heating up, BBC reported. As travel restrictions are set to be gradually lifted, Italy eyes a growing number of reservations. The country has launched a multi-million investment project to restore one of its major attractions – the Colosseum. The government unveiled a plan for new floor with gladiator’s view. The Minister of Culture Dario Franceschini announced the project to build the wooden, retractable floor.

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    • Apple spends $1bn in North Carolina to boost US operations

      Apple spends $1bn in North Carolina to boost US operations

      Apple unveiled plans to spur activities in US by spending substantial funds and employing thousands of people, Reuters reported. The emphasis of the new initiative will be a campus and an engineering hub, located in North Carolina. Apple plans to expand domestic operations by employing some 3,000 and spend one billion dollars, related to the campus operations.

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    • Microsoft vows $1bn investments in Malaysia by 2026

      Microsoft vows $1bn investments in Malaysia by 2026

      US tech conglomerate Microsoft announced it would invest some $1bn over the next five years in its operations in Malaysia, Reuters reported. The plan is in line with the company’s strategy to implement a new partnership programme which is aimed to include government agencies, as well as local private firms. Microsoft’s statement on the envisaged biggest investment in Malaysia comes after the country earlier in February gave conditional approvals to Microsoft, Google, Amazon and state telecoms firm Telekom Malaysia to build and manage hyper-scale data centres and provide cloud services.

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