Year: 2019

In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup’s platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford’s website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said. Ford said it would announce reservation dates for China later. …read more […]

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The Philippines central bank kept its key interest rate unchanged to give previous cuts time to take effect, but said it could lower rates next year if inflation remains muted. The decision to keep rates steady at 4% — predicted by all 19 economists surveyed by Bloomberg — comes after economic growth rebounded to 6.2% in the third quarter from a four-year low of 5.5% in the three months through June. The bank will now take a …read more […]

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Germany narrowly dodged what would have been its first recession in six years, putting a damper on speculation that the government will add fiscal stimulus any time soon.The surprise expansion doesn’t change the fact that the economy is going through a torrid period that’s turned it from the euro area’s traditional growth engine into a source of weakness. Expansion was just 0.1% in the third quarter, with the 19-country currency bloc only a little better, at 0.2%. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Expedia… …read more […]

The company began to build 777 fuselages in 2015 in an upright orientation, with robots drilling holes and installing fasteners, an initiative known as fuselage automated upright build (FAUB). Boeing had faced delays last year when the FAUB machine was tried out on existing versions of the 777. Instead, the company will switch to “flex tracks” – an automated method to drill the holes along the circumference of the airplane that are then fastened manually. …read more […]

Hackers have demanded 565 bitcoins, currently worth about $5 million, from Mexico’s national oil company Pemex in a cyberattack. The hack, detected on Sunday by Pemex, has forced the company to shut down its computers across Mexico, Reuters reported Wednesday.The post Hackers demand $5M in bitcoin from Mexico’s national oil company Pemex appeared first on The Block. …read more […]