International News
Tesla shares hit the skids after 2020 Battery Day underwhelms
Shares of US stockmarket darling Tesla were on the skids after the outfit underwhelmed investors at its 2020 Battery Day.
US factory and services activity finishes Q3 on strong note, IHS Markit says
US economic output put paid to the third quarter with a solid pace of expansion in September, the results of a closely-watched survey revealed.
Half a billion jobs were lost around the world to Covid-19 in Q2
The novel coronavirus will exact a much higher toll on job markets around the world than previously feared, according to the global watchdog for labour.
Hyundai in talks with EU over delayed Daewoo deal
Hyundai Heavy Industries Holdings are in talks with the European Union antitrust regulators over its bid for Daewoo, reported Reuters on Wednesday.
China Yangtze, world's largest hydroelectric firm, to list in London
The world's largest hydropower company has kicked-off a bookbuilding exercise for the sale of Global Depositary Receipts representing 5% of its capital prior to the offering.
UK ministers warn of 7,000-truck-long queues in Kent after Brexit transition period
UK ministers warned on Wednesday that a worst case scenario post-Brexit transition period would see queues of as many as 7,000 trucks in Kent.
Huawei claims Qualcomm applied for license to sell chips
Huawei claimed on Wednesday that Qualcomm had applied for a US government license to sell its chips to the Chinese tech giant.
Johnson & Johnson launches phase three clinical trial for Covid-19 vaccine candidate
US consumer health and drugs giant Johnson & Johnson has launched the last phase of clinical trials for its Covid-19 vaccine.
US pre-open: Futures higher ahead of Powell's second day of testimony
Wall Street futures were pointing to a positive open on Wednesday amid heightened restrictions to stem Covid-19 cases in Europe and an ongoing stalemate in negotiations for a second stimulus bill.
JP Morgan to shift €200bn from UK to Germany - report
JP Morgan will become one of Germany's biggest banks when it moves about €200bn (£184bn) of assets from the UK to Frankfurt because of Brexit, Bloomberg reported.
Manufacturing fuels rise in German business activity - PMI
German business activity increased in September driven by rising manufacturing production but growth slowed as activity weakened in the services sector.