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Market Overview - Page 225


Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up

Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number.

India to kick off one of the world’s largest Covid vaccination drives this weekend
India to kick off one of the world’s largest Covid vaccination drives this weekend

India is gearing up for one of the largest mass vaccination exercises in the world starting Saturday. The South Asian country plans to inoculate some 300 million people, or more than 20% of its 1.3 billion population, against Covid-19 in.

Trump becomes first president to be impeached twice, as bipartisan majority charges him with inciting Capitol riot
Trump becomes first president to be impeached twice, as bipartisan majority charges him with inciting Capitol riot

President Donald Trump, a man hyperaware of his achievements and place in history, added a first to his record on Wednesday. A week before he will leave office, Trump became the first American president impeached by the House twice. The.

The soft tone of Fed members pushed the Dollar back down
The soft tone of Fed members pushed the Dollar back down

In New York trading the US dollar reversed to a decline from the upper bound of the downtrend that began late September. Sellers of the dollar allowed it to correct the fall to 76.4% of the last downward impulse, but.

Crypto leaders worry over threat from ‘big tech’ censorship
Crypto leaders worry over threat from ‘big tech’ censorship

Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service. A change to WhatsApp’s terms of service has triggered a mass exodus from the.

Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days
Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days

The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s.

Oil prices gain more than 1% after bigger-than-expected inventory draw
Oil prices gain more than 1% after bigger-than-expected inventory draw

Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate.

Asian equities, commodities gain on economic recovery trade
Asian equities, commodities gain on economic recovery trade

Asian stocks rose on Wednesday, tracking modest Wall Street gains, as expectations that a vaccine will eventually win the battle against the coronavirus fuelled recovery hopes, while tight supply expectations pushed oil prices to a one-year high. MSCI’s broadest index.

Stock futures little changed as Wall Street awaits clarity from Washington
Stock futures little changed as Wall Street awaits clarity from Washington

U.S. stock index futures were modestly higher in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones Industrial Average advanced 27 points, indicating a 41-point gain at.

China wants to open up its financial markets to foreigners — but it’s a long road ahead
China wants to open up its financial markets to foreigners — but it’s a long road ahead

Financial institutions are betting on more business opportunities in China’s finance industry, which Beijing is eager to crack open — even if analysts say major changes are a long way off. Regardless of the coronavirus pandemic or geopolitical tensions, Chinese.

France’s vaccine-skepticism is making its Covid immunization drive much harder
France’s vaccine-skepticism is making its Covid immunization drive much harder

France is thought to be one of the most vaccine-skeptical nations in the world, with public distrust of immunization programs borne out in opinion polls even prior to the coronavirus pandemic. Now, cynicism in France toward inoculation efforts appears to.

Brazil researchers now say China’s Sinovac vaccine is 50% effective — lower than announced earlier
Brazil researchers now say China’s Sinovac vaccine is 50% effective — lower than announced earlier

The Covid-19 vaccine developed by China’s Sinovac Biotech is just 50.4% effective in a Brazilian trial — barely meeting the threshold for regulatory approval and well below the initially reported efficacy rate, according to several media reports. Brazil is the.

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