European battery makers power up for a green recovery

European battery makers are gearing up to take advantage of massive “green” stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market. While Sweden’s Northvolt, and more recently France’s Verkor, are making a play for large-scale production, other European companies are […]

Continue Reading

Trump administration asks court to dismiss Big Tech’s challenge to social media executive order

The Trump administration has filed a motion asking a court to dismiss a lawsuit against the president’s executive order targeting social media companies, calling it a “profound misunderstanding.” The lawsuit was brought in June by the Center for Democracy and Technology (CDT), a Washington-based tech group funded by Facebook Inc, Alphabet Inc’s Google and Twitter […]

Continue Reading

China pushes First Capital merger in drive to take on Wall St.

China plans to merge domestic broker First Capital Securities (002797.SZ) with smaller rival Capital Securities, three sources said, underscoring Beijing’s determination to consolidate the brokerage industry to take on the giants of Wall Street. China wants to level the playing field as it opens up its financial markets to foreign players including Goldman Sachs (GS.N) […]

Continue Reading

EU wants to negotiate solution with U.S. on aircraft subsidy row, Commission says

The European Union’s executive on Thursday acknowledged the United States’ decision not to exacerbate a 16-year-old dispute over aircraft subsidies by imposing fresh tariffs, and said it wanted to negotiate a solution to end the row. “The Commission acknowledges the decision of the US not to exacerbate the ongoing aircraft dispute by increasing tariffs on […]

Continue Reading