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Spain's Cabify Plans Online Grocery Delivery In Latin America In 2022
The service, which allows users to place orders from nearby partnered supermarkets, is likely to land in the first Latin American market in the first half of 2022.
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Auto Executives Expect EVs Will Own Half Of U.S., China Markets By 2030: Report
The KPMG survey of auto industry executives found that they believe that electric vehicles will account for 52% of sales by 2030 in the United States, China and Japan, with lower percentages for Western Europe, Brazil and India.
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LG Energy Solution Gets Preliminary Approval For IPO
In October, the wholly owned subsidiary of LG Chem Ltd resumed work on its IPO, which was suspended in August due to a lack of clarity regarding the recall costs involving GM's Bolt electric vehicles.
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Volvo Cars Sees Chip Shortage Extending Into 2022, Q3 Profit Dips
Volvo said preliminary sales volumes were around 52,000 cars in November, down year-on-year due to lower production and a build-up of in-transit inventory.
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Sinopec Signs China's Largest Long-Term LNG Contract With U.S. Firm
The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement.
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Qualcomm To Supply Chips For BMW Self-Driving Cars
A spokesperson for BMW said the new chips would be used for its "Neue Klasse" series of cars, set to start production from 2025.
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Oil Pares Gains, But Ends Higher After Friday Slump
Brent briefly surged above $77 a barrel, while U.S. crude touched highs above $72. However, both contracts gave up gains late in the session.
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Voice Assistant Maker SoundHound To Go Public Via $2 Billion SPAC Deal
The company has developed a voice artificial intelligence platform to help businesses integrate conversational voice assistants into their products.
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Bosses Of Tata, HSBC, Macquarie Urge Governments To Do More For Green Transition
The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Australia's Macquarie Group urged governments to get more involved in the green transition by providing incentives to develop new technology and help bring down costs
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Oil Gains On Bets OPEC+ Will Pause Output Hike
Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.
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Court Finds Mazda Australia Misled Customers On Refunds For Faulty Vehicles
The court found that Mazda made 49 separate false or misleading representations to nine consumers, who sought refund or replacement after facing serious and recurring faults with their vehicles within a year or two of purchase.
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U.S. To Sell 32 Million Barrels Of Mostly Sour Crude From 4 SPR Sites
The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.
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OPEC Postpones Technical Meetings To Evaluate Omicron Impact
OPEC and allies known as OPEC+ have move their joint technical committee to Wednesday from Monday, according to the documents. OPEC would hold a meeting the same day.
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China Beefs Up Rights Of Workers In Ride-Hailing Industry
In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance for drivers.
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Phoenix Motors Becomes Latest EV Maker Looking To Tap Public Markets
The company also disclosed its finances for the first time in its filing, revealing a fall in revenue and wider losses for the nine months ended September 2021.
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India's Reliance Denies Report Of Bid For UK Telecom BT Group
Last week, Reliance and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of Reliance due to valuation concerns.
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Reliance, Aramco Call Off $15 Billion Deal Amid Valuation Differences, Sources Say
The collapse of the deal reflects the changing global energy landscape as oil and gas companies shift away from fossil fuel to renewables.
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Audi-FAW Electric Vehicle Venture In China Delayed
Audi signed a memorandum of understanding with China's state-owned FAW Group in October 2020 to jointly produce premium electric vehicles (EVs) in China.
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Yara Debuts World's First Autonomous Electric Container Ship
It will cut 1,000 tonnes of carbon emissions per year, equivalent to 40,000 diesel-powered journeys by road, and is expected to be fully autonomous in two years.
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India's October Fuel Demand Surges, Petrol Sales Hit Record
October's sales of petrol were 8.3% and 3.4% higher than in 2019 and 2020 respectively and at 2.75 million tonnes, was the highest-ever monthly figure recorded as per data going back to 1998.
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