29 June

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Musk says may need $30 billion to keep Starlink in orbit By Reuters

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By Supantha Mukherjee and Clara-Laeila Laudette BARCELONA (Reuters) -Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink venture was growing quickly as he forecast total investment costs in the satellite internet business at between $20 billion and $30 billion. Without disclosing details, he also said Starlink has "two quite significant partnerships with major country telcos" that could help the SpaceX division plug the gaps in fifth-generation mobile and cellular networks. The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully...

29 June

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Amazon scoops up exclusive rights to celebrity podcast ‘SmartLess’ By Reuters

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Tuesday it had signed an exclusive rights deal with "SmartLess", a podcast hosted by Hollywood actors Jason Bateman, Will Arnett and Sean Hayes in which they talk to other celebrity guests. New episodes of "SmartLess" will be released a week early and exclusively on Amazon's podcast platform Wondery and Amazon Music, the company said. The episodes will also be available ad-free on Wondery+, the channel's subscription membership. The e-commerce titan is a relatively new entrant to the booming podcast space, an area dominated by Spotify Technology which recently...

29 June

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Paris to have 3,000 more finance job by end of 2021 due to Brexit -minister By Reuters

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PARIS (Reuters) - Paris will have 3,000 more jobs in finance by the end of 2021 due to Brexit, French Finance Minister Bruno Le Maire said on Tuesday. "Brexit has been a major setback for the EU, but it has been an opportunity as well," Le Maire told Paris Europlace annual financial event. "These 3000 jobs are only a starting point," he added. ...

29 June

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Fed’s Barkin Sees ‘Long Way to Go’ in U.S. Labor-Market Progress By Bloomberg

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(Bloomberg) -- Federal Reserve Bank of Richmond President Thomas Barkin said the U.S. labor market isn’t close to its pre-pandemic levels and he wants to see much more progress before slowing central bank asset purchases. “I still think we’ve got a long way to go on the job front,” Barkin said Tuesday in a broadcast interview with MNI Market News, pointing out that employment was 7.6 million below the pre-Covid-19 level. Further employment gains will be needed before tapering bond purchases, the Richmond Fed leader said, even as inflation has risen more than the central...

29 June

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Moderate leader Kristersson asked to form new Swedish government By Reuters

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STOCKHOLM (Reuters) - Sweden's parliamentary speaker asked Moderate Party leader Ulf Kristersson on Tuesday to try to garner enough support to form a government. Social Democrat Prime Minister Stefan Lofven resigned on Monday after losing a no-confidence vote last week, handing the speaker the job of finding a candidate for prime minister who could for a government that would pass a vote in parliament. The Moderate Party is the biggest opposition party in parliament. "Ulf Kristersson has the task of looking into the options," parliament speaker Andreas Norlen told a news conference. "He is leader of...

29 June

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Sharp rise in European sentiment helps stocks higher By Reuters

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By Sagarika Jaisinghani and Ambar Warrick (Reuters) - European shares ended higher on Tuesday after data showed economic sentiment improved sharply in June, while Adidas (DE:ADSGN) lifted the German index with a share buyback plan. The pan-European STOXX 600 closed 0.3% higher at 456.37 points, after data showed euro zone economic sentiment hit a 21-year high in June as a steady vaccination programme saw several economies reopen. While the data did not factor in the new Delta variant of the coronavirus, the improving mood saw investors pile into sectors most likely to benefit from a...

29 June

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DoorDash Gains As Wells Fargo Sees Growth in New Markets By Investing.com

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By Dhirendra Tripathi Investing.com – DoorDash (NYSE:DASH) rose close to 2% in Tuesday’s trading as Well Fargo raised its target for the stock to $215, an upside of approximately 20% from the current level of $178.63. Analyst Brian Fitzgerald retained his overweight rating on the stock. The analyst believes the DoorDash story has shifted briskly from sustaining 2020's gross order value run rate to "how many new geos and verticals, and how fast?" With strong growth in gross order value likely to have continued in May and the fear of post-listing share selling behind it, Fitzgerald...

29 June

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Shell, Renault interested in stake in VW-backed Ionity, sources say By Reuters

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FRANKFURT (Reuters) - Royal Dutch Shell (LON:RDSa) and Renault (PA:RENA) are among those interested in taking a stake in electric vehicle (EV) charging group Ionity, two people familiar with the matter said. Ionity, whose owners include Volkswagen (DE:VOWG_p), Daimler, BMW and Ford, in March said it was examining ways to expand its network of fast-chargers across Europe, adding additional shareholders were welcome. Final bids for the 20%-25% stake, which is valued at 400 million euros to 500 million euros ($475-$594 million), are due in July, one of the sources said. The sources asked not...

29 June

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Comic: Spreading the Play – Will Delta Overwhelm Europe? By Investing.com

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By Geoffrey Smith Investing.com -- As any soccer defender knows, the penalties for fouling are more serious if you spoil a particularly promising position for the other team. Holders of travel and leisure stocks, in particular, must feel like they’ve been denied a clear goal-scoring opportunity in recent weeks by the Delta variant of the Covid-19 virus. If only there were a referee for whom they could roll around on the grass, exaggerating their pain… It had all looked so good until a month ago, when the insidious Delta (first identified in India) started to become...

29 June

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Dutch defence minister: “irresponsible” Russian jets harassed frigate in Black Sea By Reuters

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AMSTERDAM (Reuters) -The Netherlands' defence minister said on Tuesday that Russian fighter jets armed with air-to-surface missiles had harassed a Dutch navy frigate in the Black Sea earlier this month, conducting mock attacks and jamming communication systems. The Russian actions took place over the span of five hours on June 24 and violated rights to free use of the sea, the ministry said. The frigate, Evertsen, was sailing with Britain's Carrier Strike Group, which was carrying out a patrol in the area at the time. Defence Minister Ank Bijleveld-Schouten called the Russian action "irresponsible". The...

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Musk says may need $30 billion to keep Starlink in orbit By Reuters

Amazon scoops up exclusive rights to celebrity podcast ‘SmartLess’ By Reuters

Paris to have 3,000 more finance job by end of 2021 due to Brexit -minister By Reuters

Fed’s Barkin Sees ‘Long Way to Go’ in U.S. Labor-Market Progress By Bloomberg

Moderate leader Kristersson asked to form new Swedish government By Reuters

Sharp rise in European sentiment helps stocks higher By Reuters

DoorDash Gains As Wells Fargo Sees Growth in New Markets By Investing.com

Shell, Renault interested in stake in VW-backed Ionity, sources say By Reuters

Comic: Spreading the Play – Will Delta Overwhelm Europe? By Investing.com

Dutch defence minister: “irresponsible” Russian jets harassed frigate in Black Sea By Reuters

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