Newsletter
General Motors is investing 800m USD in Canada
General Motors Co. (NYSE: GM) announced a preliminary agreement with Unifor to invest approximately $ 800 million in transforming CAMI's Ingersoll, Ontario assembly plant to manufacture electric delivery trucks. Work on the plant that currently produces the …
Ten miners dead in larger mining disaster in China
Rescuers searching for remaining trapped workers at a Chinese gold mine after the dramatic recovery of 11 survivors on Sunday found nine bodies, a local official said on Monday, bringing the death toll to 10, with one miner still missing . A total of 22 miners …
Police in London discovers a major cannabis growhouse
When life is enough for you lemons, make lemonade. And if life brings you a pandemic ... grow some weed? Apparently that was the idea behind a massive growhouse that police recently discovered in London's financial district. The discovery, made on Jan. 13, …
Lucid planning to start EV production in Saudi Arabia
Lucid Motors is in talks with the Saudi Arabian sovereign wealth fund to set up an electric vehicle manufacturing facility in the country, the fund's governor Yasir Al-Rumayyan told the Financial Times. The Public Investment Fund had acquired a 67% stake in …
Apple Supplier Luxshare is facing a lawsuite in the US
According to its own information, the Apple Inc. supplier Luxshare Precision Industry Co is being investigated for patent infringement, Reuters reported on Monday (Shanghai time). What happened: Luxshare said in a government filing that it was informed of two …
Gold prices react to Biden´s stimulus announcement
Gold prices fell Monday on concerns that a massive stimulus package might not pass smoothly in the United States, despite a weaker dollar limiting gold's losses. Spot gold fell 0.1% to $ 1,850.91 an ounce at 0822 GMT after falling 0.9% in the previous session. …
Tata Medical to partner with Moderna to roll out vaccines in India
The Indian conglomerate Tata Sons is in discussion with Moderna Inc for a partnership with its health unit Tata Medical & Diagnostics, the Economic Times reported on Monday. What happened: Tata Medical & Diagnostics could partner with the Government of India's …
Capital One is fined once again by FinCEN
Capital One, the bank that has lately dominated celebrity billboards in the industry and claims to have "reinvented" banking, has now been fined - second - by the authorities for "willful" failure to combat money laundering Times within six months. The …
Shanta Gold to increase production in 2021
In the last update from Shanta Gold (SHG: LSE), the company announced gold production numbers of 82,978 oz, slightly above its 2020 forecast of 80,000 - 85,000 oz. The company also stated that it is now unsecured and fully exposed to the price of gold. The …
European Union will be looking into Facebook´s WhatsApp policy update
The EU's lengthy investigation into the transparency of data exchange between Facebook Inc. (NASDAQ: FB) and WhatsApp is about to be settled. This comes after the Irish Data Protection Commission's confirmation that it sent a draft decision to other EU data …