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What Does STC Group’s Investment in Telefonica Mean for the Telecom Industry?

Saudi Arabia's STC Group (7010. SE) has amassed a 9.9% stake in Telefonica (TEF.MC), worth 2.1 billion euros ($2.25 billion), in a move to...

China’s Currency Policy in Focus as State Banks Sell Dollars

China's central state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week,...

RV Sales Slump, But Industry Still Poised for Growth

The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s 103 RV dealerships. He said retail...

Magna Invests $790 Million in Tennessee, Expanding U.S. Manufacturing

Canadian auto parts maker Magna International Inc (MG.TO) said on Thursday it would invest $790 million to build three new supplier facilities, two of...

Lack of Data on EV Batteries Complicates Insurance Claims

A lack of data on electric vehicle (EV) batteries continues to challenge insurers forced to scrap EVs after mild accidents, potentially undermining the growth...

Where Are Strategic Materials Germanium and Gallium Produced?

Germanium and gallium are essential ingredients in silicon chips that drive technologies such as 5G, radio frequency, radar signals, and plastics. According to US...

Goldman Sachs May Exit Partnership With Apple

Four years after partnering with Apple on the launch of its credit card, Goldman Sachs may be looking to exit its high-profile deal. The...

Tesla CEO Elon Musk Eyes Significant India Investments

According to the company's chief executive, India's Prime Minister Narendra Modi was pushing Tesla to make a "significant investment" in the country. Musk said...

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