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General Motors Q2 profits fall 40% on supply woes, confirms forecast

General Motors reported a big drop in second-quarter profits Tuesday due to the grinding semiconductor shortage, although the automaker confirmed its full-year forecast

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IEA urges EU to prepare for major gas crunch in winter

Diversifying gas suppliers is not enough to ensure Europe gets through the winter without Russian gas, the head of the International Energy Agency (IEA) warned on Monda

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Tencent's WeChat mini program daily users in China grew 13% to 450 million in 2021

Tencent Holdings' Weixin, China's dominant messaging app known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit

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Cybersecurity VC funding surges to a record $11.5B in 2021

The pandemic completely upended the threat landscape as we know it. Ransomware accounted for an estimated 2.9 million attacks so far in 2021, and supply-chain attacks that targeted Kaseya and SolarWin

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What Robinhood’s warnings about crypto trading say about Coinbase’s near-term future

Is the trading boom of 2020 and 2021 slowing?That’s a question The Exchange has had on its mind since Robinhood released its latest IPO filing. The popular U.S. consumer-focused investing app to

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Carsome Group will acquire iCar Asia in a deal worth $200M

Southeast Asia’s car marketplace wars are going into high drive. Today Carsome Group, one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in

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Volvo, Daimler, Traton invest $593 million to build electric truck charging network

Volvo Group, Daimler Truck and Volkswagon’s AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations f

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Volvo, Daimler, Traton invest $593 million to build electric truck charging network

Volvo Group, Daimler Truck and Volkswagon’s AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations f

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Soft Robotics raises another $10M, citing pandemic-related demand

Add Soft Robotics to the long list of automation companies that have seen a boost in investment interest amid the pandemic. The New England-based firm announced this morning a $10 million raise that s

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SpaceX plans to use its Starlink internet on Starship orbital launch to demonstrate connection quality

SpaceX’s upcoming Starship orbital test flight could end up being a veritable smorgasbord of its technological capabilities, as the company has filed with the Federal Communications Commission (

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BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, mark

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Santander 'working to fix' problems with app, ATMs, cards and other services

Santander told customers they can "access cash from other banks' ATMs, at the Post Office and can get cashback where available".

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UK house price gauge hits highest since 1988 - RICS

A measure of British house price inflation hit its highest level since the late 1980s in April as buyers raced to take advantage of an extended tax break just as seller

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Kenya's SGR train hauls over 905,000 tonnes in first two months

Xinhua photo Kenya’s standard gauge railway (SGR) train ferried 905,867 tonnes of cargo from January to February this year, up from 668,916 tonnes in the same time frame last year, the Kenya N

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European Union unveils 800-billion-euro recovery funding plan

The European Union introduces an 800-billion-euro funding strategy. /CFP The European Union on Wednesday unveiled a funding strategy to raise up to 800 billion euros ($957 billion) for a coro

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EU may block export of some COVID-19 vaccines for jab ramp-up

The European Union may block further exports of some COVID-19 vaccines, following the Italian government's decision to block the export of 250,000 doses of the AstraZeneca COVID-19 vaccines, European

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EU says it agrees post-Brexit WTO agriculture quotas with U.S.

The European Union and the United States have concluded negotiations to adjust the EU’s World Trade Organization agricultural quotas following Britain’s exit from the b