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Porsche shares rise in Frankfurt market debut

Porsche shares rise in Frankfurt market debut

[ad_1] The Porsche IPO is set to be one of the largest in European history.Thomas Kienzle | AFP | Getty ImagesPorsche shares edged higher in their stock market debut Thursday, in what's being billed as one of the biggest public offerings in Europe ever.Shares of the iconic sports car brand

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Many factory workers in Shanghai can’t get back to work, even after Covid controls ease

Many factory workers in Shanghai can’t get back to work, even after Covid controls ease

[ad_1] Tesla's Shanghai factory was "back up and running" as of Wednesday, according to CEO Elon Musk's comments during a quarterly earnings call, per a StreetAccount transcript. This picture shows the factory on the outskirts of Shanghai in July 2021.Vcg | Visual China Group | Getty ImagesBEIJING — Foreign businesses

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Chinese EV maker Nio says it’s gradually resuming production after Covid halt

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

[ad_1] In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility

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Volkswagen and top investor look to take Porsche public

[ad_1] Gray clouds are gathering over Porsche's headquarters in Stuttgart-Zuffenhausen, Germany, Feb. 22, 2022.Christoph Schmidt | Picture Alliance | Getty ImagesVolkswagen and its top shareholder have drawn up a preliminary agreement to list Porsche, paving the way for a deal that investors hope will unlock value from the luxury car

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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms

[ad_1] David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg | Getty ImagesGoldman Sachs is getting into the cloud computing business.The bank is opening up access to its trove

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Consumers in China pick their 3 favorite electric cars — and only one is Chinese

[ad_1] Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021.Hector Retamal | AFP | Getty ImagesBEIJING — When it comes to their favorite electric car brand, Chinese consumers' top choice is Warren Buffett-backed BYD, according

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JPMorgan to launch digital bank in the UK next week

[ad_1] Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021.David Paul Morris | Bloomberg | Getty ImagesLONDON — JPMorgan Chase is gearing up to debut its hotly anticipated digital bank in the U.K. next week.The move will see the U.S. banking giant take on

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JPMorgan is buying a majority stake in Volkswagen’s payments unit

[ad_1] The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York.Tim Clayton - Corbis | Corbis Sport | Getty ImagesJPMorgan said Wednesday it plans to buy a majority stake of close to 75% in Volkswagen's payments business.The U.S. banking giant said

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Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go global

[ad_1] Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China.Chen Yuyu | Visual China Group | Getty ImagesBEIJING — After home appliance company Hisense became the first Chinese sponsor for the UEFA European soccer championship

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