Formal Information

Stuff that matters

Volkswagen abruptly pulls plug on South Korean battery makers

Days before Volkswagen AG held an event to announce a major ramp-up in its electric vehicle production, the German car maker abruptly told its South Korean battery suppliers their current

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European new car sales drop by 20% year-on-year in February

European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations dropped by 20.3%

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Uber to give UK drivers workers’ rights after court defeat

In a major victory for unions, Uber’s more than 70,000 British drivers will be paid the minimum wage while picking up and driving passengers as part of the ride-hailing company’s

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New York stays top in finance as London loses ground, index shows

New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in the face of competition from Shanghai and other

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Tepco shares slump 10% after regulator slams breaches at nuclear station

Shares of Tokyo Electric Power (Tepco) fell the most in eight years on Wednesday after Japan’s atomic regulator found safety breaches at its Kashiwazaki Kariwa station and a government minister

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Pfizer to halt biosimilar output in China, sell assets to WuXi Biologics

Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S. drugmaker said on Wednesday. The

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Japan to probe Line after reports it let Chinese engineers access user data

Japan’s government said on Wedneseday it would investigate messaging app Line, owned by SoftBank Corp’s Z Holdings Corp, after Japanese media reports that it let Chinese engineers at a Shanghai

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