Flashy Bit

News for nerds

Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO

Daimler AG (DAIGn.DE) plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric

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Uber-rival Bolt raises 100 million euros

Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber

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EasyJet says finance chief Findlay to leave in 2021

British low cost airline easyJet (EZJ.L) said chief financial officer Andrew Findlay plans to leave the company next year, in an announcement made just days after he survived an attempt

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Stocks rally, S&P 500 crosses 3,000 barrier; oil gains

Global equities and oil rose on Tuesday as China’s promise of more stimulus and prospects of a world economic recovery cheered investors, who set aside concerns about tense rhetoric between

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Tencent to invest $70 billion in ‘new infrastructure’

Chinese tech giant Tencent Holdings (0700.HK) will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, the company

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Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the

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Nissan and Renault shelve merger plans to repair their alliance

Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover

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