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Subaru sets mid-2030s target to sell only electric vehicles worldwide

reuters.com - Business News - 38 min 28 sec ago
Japan's Subaru Corp set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.
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Subaru plans to electrify all vehicles sold worldwide by first half of 2030s

reuters.com - Business News - 58 min 21 sec ago
Japan's Subaru Corp on Monday said it plans to electrify all its vehicles sold globally by the first half of the 2030s as part of its long-term goal to achieve a carbon-free society.
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Oil jumps to highest in more than a week after Libyan shutdowns

reuters.com - Business News - 1 hour 19 min ago
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.
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Samsung appoints new mobile chief as Huawei chips away at market share

reuters.com - Business News - 1 hour 37 min ago
Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd.
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Asia shares camp on high ground, oil jumps on Libya shutdown

reuters.com - Business News - 2 hours 52 min ago
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.
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Oil surges as Libyan pipeline shutdown cripples output

reuters.com - Business News - 3 hours 39 min ago
Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.
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Samsung Electronics appoints new mobile chief

reuters.com - Business News - 4 hours 32 min ago
Samsung Electronics, the world's top smartphone maker, said on Monday that it has named President Roh Tae-moon as its new mobile chief as part of a management shake-up.
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Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

reuters.com - Business News - 4 hours 33 min ago
Guoxuan High-Tech Co Ltd is in talks with Volkswagen AG for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.
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Asia shares camp on high ground, oil up on Libya shutdown

reuters.com - Business News - 4 hours 46 min ago
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.
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A thousand EU financial firms plan to open UK offices after Brexit

reuters.com - Business News - 4 hours 52 min ago
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
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Airbus unit to offer product to help airlines with revenue volatility

reuters.com - Business News - 4 hours 58 min ago
A subsidiary of Airbus , the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.
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IEA warns oil companies doing nothing on emissions is not an option

reuters.com - Business News - 5 hours 1 min ago
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.
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CEO says Bank of America aims to 'double' its U.S. consumer market share: FT

reuters.com - Business News - Sun, 2020-01-19 23:07
Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions.
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JPMorgan to buy Paris building to bring euro teams from London

reuters.com - Business News - Sun, 2020-01-19 22:21
U.S. bank JPMorgan Chase & Co said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain's exit from the European Union.
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Mexican official eyes stronger ties with China after U.S. trade deal

reuters.com - Business News - Sun, 2020-01-19 20:57
Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday.
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Tesla moves a step closer to opening first European factory with German property deal

reuters.com - Business News - Sun, 2020-01-19 18:57
U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.
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EU industry chief dismisses fears strict security rules could delay 5G

reuters.com - Business News - Sun, 2020-01-19 18:09
European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China's Huawei.
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Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G

reuters.com - Business News - Sun, 2020-01-19 15:57
European industrial policy chief Thierry Breton will dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China's Huawei.
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Founder of South Korean retail giant Lotte dies

reuters.com - Business News - Sun, 2020-01-19 12:25
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.
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China will increase imports from U.S. according to 'market principles': official

reuters.com - Business News - Sun, 2020-01-19 10:12
China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.
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