The UK IHS Markit flash PMI survey for October 2020 revealed that the economic recovery seen in the earlier months has faded away as the coronavirus cases spike up in the UK. The services sector which has a significant share in the nation&...
The ongoing COVID-19 pandemic caused by the novel coronavirus (SARS-CoV-2) continues to wreak havoc all over the world. According to the WHO, there have been 41.57 million confirmed cases of COVID-19, including 1,134,940 fatalities across the world...
US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 3.14 points or 0.09 per cent lower at 3,450.35, Dow Jones Industrial Average Index contracted by 105.01 points or 0.37 per cent lower at 28,25...
Summary Despite the coronavirus pandemic, sales at Tesla have scaled up to reach a new record high Tesla hoped to meet its vehicle target set for the year 2020 but said it could be tougher Having enjoyed the first mover advantage, Tesla is now...
The United Kingdom is currently experiencing the second wave of the Covid-19 with tougher social distancing restrictions being introduced. The prime minister has strengthened the social distancing measures currently in force in the UK to curb the s...
Summary The share price of Nikola surged almost 10 per cent on NASDAQ after President of GM said that there still remained potential in partnership with the electric and hydrogen truck startup. GM said that a partnership with Nikola provided it...
Rishi Sunak, Chancellor, UK Treasury had granted additional support under the earlier announced Jobs Support Scheme (JSS) which begins on 1 November 2020 and would last for a period of six months. The economy needs support to sustain itself...
In a major success for the Boris Johnson government, United Kingdom has secured its first major trade deal with Japan since it broke away from the European Union. The deal which was signed in Tokyo on 23 October 2020, has been given the name The UK...
The futuristic-car maker Tesla (NASDAQ:TSLA) has new plans in mind for the local supply of its vehicles. Tesla CEO Elon Musk introduced a new project for car shipments directly from the Shanghai ‘Gigafactory’. With this move, Mr Musk w...
Tesla, Inc. came up with another banger in the September quarter show, which was labelled as the ‘best quarter in history’ by Elon Musk. But optimists believe that best is yet to come, at least from new factories in two other continents...
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