Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements. Shares of the company were down 5% at 73 cents. They fell about 78% last year on high battery material costs and production concerns. Nikola has been trying to raise cash for operations by […]
Nvidia Corp soared about 25% on Thursday to near a market value of $1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending. The surge added to a more than two-fold rise in the stock this year and was set to increase the chip designer’s […]
The EU benefits greatly from its wide participation in international value chains. However, that integration is not exempt from strategic dependencies on products and inputs that are critical for Europe. This column examines the EU’s dependencies in traded goods using data from 5,400 products imported between 2017 and 2020. Foreign-dependent products span various sectors, including […]
Open banking involves giving third parties access to information that is otherwise captive in a bilateral relationship between a provider of financial services and its client. Yet, there are considerable limits to the diffusion of financial information and to the use of such information to enhance competition. This column argues that the scope and the […]
Inflation has increased sharply since the start of 2021 as the global economy grapples with the aftermath of the COVID-19 pandemic and Russia’s invasion of Ukraine. This column draws on a long tradition of research on input-output linkages to trace the proximate contributions of energy and import costs to the cost-of-living crisis in the UK. […]
Securing a competitive edge in cleantech manufacturing has increasingly come to be seen as a priority for Europe. China’s dominance of this sector and the subsidies offered under the United States Inflation Reduction Act (IRA) (Kleimann et al, 2023), compelled the European Commission in February 2023 to publish a Green Deal Industrial Plan with the goal […]
Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant’s annual meeting on Wednesday, a preliminary tally by the company showed. The total exceeded Amazon’s 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights, union rights, gender and racial pay and animal welfare standards. Proposals […]
China’s move on Micron Technology Inc won’t torpedo larger efforts to get U.S.-China relations into better position, White House spokesman John Kirby said on Wednesday, adding that Washington was engaged directly with Beijing. Kirby told reporters the Chinese government’s recent ban on the U.S. chipmaker Micron over security concerns was clearly an attempt to undermine the Group of […]
An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency’s systems. Accenture Federal Services said it had been awarded the contract for seven years, adding that it will have to compete for future orders to support the […]
HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. These reviews, which could see the British bank deciding to sell or streamline businesses […]
