01 June

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Kraft Heinz to invest $199 million in British manufacturing facility By Reuters

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(Reuters) - Kraft Heinz (NASDAQ:KHC) Co said on Tuesday it plans to invest 140 million pounds ($198.83 million) in its food manufacturing facility in northwest England over the next four years, subject to U.S. approval. The investment would be the company's biggest expansion of an existing manfacturing site outside the United States in more than 20 years. The plans for the Kitt Green plant northwest of Manchester would be aimed at adding production of Heinz ketchup, mayonnaise and salad cream. The money will also fund equipment and technology and create up to 50 new full-time jobs,...

01 June

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Tesla’s vehicle price increases due to supply chain pressure, Musk says By Reuters

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(Reuters) - The price of Tesla vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet https:// "Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially," Musk said in a tweet. He was responding to an unverified Twitter account called @Ryanth3nerd, which said, "I really don't like the direction @tesla is going raising prices of vehicles but removing features like lumbar for the Model Y...

01 June

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Polish trial begins in Huawei-linked China espionage case By Reuters

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By Alicja Ptak and Justyna Pawlak WARSAW (Reuters) - An espionage trial involving a former Polish secret services agent and an ex-employee of Huawei begins in a Warsaw court on Tuesday as some European states consider whether to exclude the Chinese group's equipment from their 5G telecom networks. Poland arrested the two men in January 2019 on suspicion of spying for China, in a move that has ramped up international debate over the potential security risks of using Huawei equipment in communications networks. Huawei has repeatedly denied its equipment can be used for espionage by authorities...

01 June

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Europe’s bourse share trading claims inaccurate, says industry body By Reuters

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By Huw Jones LONDON (Reuters) - The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to "perpetuate their dominance". The EU is reviewing its stock and bond trading rules, known as MiFID II, triggering a battle between exchanges and their top customers, the banks and large asset managers, over competition. The EU's securities watchdog ESMA has estimated that nearly half of trading is off an exchange, prompting bourses to call for...

01 June

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Cerulean Winds plans floating wind turbine project in UK North Sea By Reuters

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LONDON (Reuters) - Low-carbon infrastructure developer Cerulean Winds said on Tuesday it has submitted plans to develop a floating wind turbine project in the British North Sea. An application for a lease for the 10 billion pound ($14 billion) project have been submitted to Marine Scotland, which manages Scotland's seas and freshwater fisheries. The project, made up of 200 floating wind turbines with a capacity of 3 gigawatts (GW), if approved would seek to sign contracts to feed power to offshore oil and gas facilities and use the excess for onshore green hydrogen plants, the firm...

31 May

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Canada shares lower at close of trade; S&P/TSX Composite down 0.52% By Investing.com

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Investing.com – Canada equities were lower at the close on Monday, as losses in the Healthcare, Consumer Discretionary and Consumer Staples sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.52%. The biggest gainers of the session on the S&P/TSX Composite were Dye & Durham Ltd (TSX:DND), which rose 17.83% or 7.31 points to trade at 48.30 at the close. Whitecap Resources Inc . (TSX:WCP) added 6.81% or 0.39 points to end at 6.12 and Enerplus Corporation (TSX:ERF) was up 4.05% or 0.32 points to 8.22 in late trade. Biggest losers...

31 May

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EU to kick off pandemic plan with 10 billion euro bond issue -French minister By Reuters

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PARIS (Reuters) -The European Union plans to kick off its 750 billion euro ($917 billion) pandemic recovery package with an initial 10 billion euro bond issue, France's junior minister for European affairs, Clement Beaune, said on Monday. In an interview with French financial daily Les Echos, Beaune also said that more than 100 billion euros would be injected into the European economy from this year. Beaune said the European Commission would launch the debt issuance process on June 1 by calling on big European and international banks, and the securities would be issued in...

31 May

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Denmark to reconsider exclusion of J&J and AstraZeneca shots By Reuters

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COPENHAGEN (Reuters) - Denmark's government on Monday asked the country's health authorities to reconsider a decision to exclude Johnson & Johnson (NYSE:JNJ)'s and AstraZeneca's (L:AZN) COVID-19 shots from its vaccination programme. The move was prompted by a two-week delay in the Danish vaccination programme to September due to delivery of fewer Moderna (NASDAQ:MRNA) and CureVac vaccines than expected, Health Minister Magnus Heunicke said. Denmark excluded the J&J and AstraZeneca vaccines over a potential link to a rare but serious form of blood clot. "We are now further into the epidemic, and the vaccines...

31 May

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Ex-VW boss to pay 10 million euros in dieselgate damages – Business Insider By Reuters

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FRANKFURT (Reuters) -Former Volkswagen (DE:VOWG_p) chief Martin Winterkorn has agreed to pay around 10 million euros ($12 million) in damages to the carmaker over the diesel emissions scandal, Business Insider reported on Monday. Volkswagen had said in March it would claim damages from Winterkorn over the scandal as it tries to draw a line under its biggest-ever crisis. Business Insider, citing a draft contract, reported that an agreement between the carmaker, Winterkorn and other former executives could be signed this week. Volkswagen's supervisory board is scheduled to discuss an agreement over the weekend, two sources with...

31 May

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Germany readies subsidies for satellite internet providers such as Starlink By Reuters

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BERLIN (Reuters) - Germany wants to help citizens in rural areas get better access to the world wide web by supporting the purchase of hardware for satellite internet services such as Elon Musk's Starlink, the transport ministry said on Monday. The planned subsidy scheme will be open to all providers who offer wireless internet connections in rural areas, for example through satellites or directional radio links, the ministry said. Coalition talks about the details of the voucher scheme are still ongoing and the aim is to subsidize the purchase of the technical equipment, it added....

Меню

Kraft Heinz to invest $199 million in British manufacturing facility By Reuters

Tesla’s vehicle price increases due to supply chain pressure, Musk says By Reuters

Polish trial begins in Huawei-linked China espionage case By Reuters

Europe’s bourse share trading claims inaccurate, says industry body By Reuters

Cerulean Winds plans floating wind turbine project in UK North Sea By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.52% By Investing.com

EU to kick off pandemic plan with 10 billion euro bond issue -French minister By Reuters

Denmark to reconsider exclusion of J&J and AstraZeneca shots By Reuters

Ex-VW boss to pay 10 million euros in dieselgate damages – Business Insider By Reuters

Germany readies subsidies for satellite internet providers such as Starlink By Reuters

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