23 June

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What’s happening with Tesla’s $7 billion German ‘gigafactory’? By Reuters

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By Nadine Schimroszik and Christoph Steitz GRUENHEIDE, Germany (Reuters) - Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled "gigafactory" in the tranquil German municipality of Gruenheide, just outside Berlin. But thanks to fierce environmental resistance, red tape and planning tweaks it is completely unclear when the first vehicles will roll off the production line of the electric carmaker's first European factory. Tesla (O:TSLA) has already pushed back the expected opening to late 2021. Yet the environmental agency in Brandenburg, the state where the 5.8...

23 June

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New British 50 pound note with WW2 codebreaker Turing enters circulation By Reuters

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LONDON (Reuters) - A new 50 pound ($70) banknote featuring the mathematician and computer scientist Alan Turing enters circulation in Britain on Wednesday, three months after the Bank of England first unveiled the design https://www.bankofengland.co.uk/banknotes/polymer-50-pound-note. Turing is best known in Britain for designing machines to decrypt coded messages during World War Two, and before the war his work laid the theoretical foundation for modern computer science. Later he made discoveries in developmental biology. "Placing him on this new banknote is a recognition of his contributions to our society, and a celebration of his remarkable life,"...

23 June

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British government plans sale of broadcaster Channel 4 By Reuters

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LONDON (Reuters) - Britain's Conservative government said on Wednesday it was planning to sell Channel 4, launched 39 years ago as an alternative to the BBC and ITV (LON:ITV), to help secure its future as a public service broadcaster. The advertising-funded channel was set up with a remit to provide challenging and distinctive programming for audiences under-served by traditional broadcasters. Rather than making its own programmes, Channel 4 commissioned them from new production companies, helping establish Britain's successful independent TV production sector. Channel 4 questioned the government's reasoning for the intended sale, saying it...

23 June

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Save Our Summer: British pilots call on politicians to rescue travel industry By Reuters

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LONDON (Reuters) - British pilots on Wednesday urged politicians to save the summer holiday season through clearer travel guidance and provide direct financial support to rescue jobs as the industry grapples with an existential crisis brought on by COVID restrictions. England is re-opening from a third national COVID-19 lockdown but the travel sector is essentially closed for business, with the government advising against travel for all bar a small handful of destinations. British government ministers are examining ways to re-open travel more broadly, and are considering plans to ditch quarantine requirements for vaccinated adults and their...

23 June

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Harvard wasn’t pressured over Toshiba, former Japan adviser says By Reuters

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(Corrects wording to "none were elected" from "failed to be elected" in paragraph 23) By Ross Kerber and Makiko Yamazaki BOSTON/TOKYO (Reuters) -A former Japanese government adviser said he did not put pressure on Harvard University's endowment fund to influence its voting at Toshiba Corp's contested shareholder meeting last year, and that the fund should "set the record straight". Hiromichi Mizuno, until recently an adviser to the Ministry of Economy, Trade and Industry, was identified by a shareholder-commissioned investigation this month as an important figure in what it said was management collusion with METI to...

23 June

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Fed will not raise rates on inflation fears alone, Powell says By Reuters

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By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation. "We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel. Recent price increases have pushed the consumer price...

23 June

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Potash partnership with BHP ‘not our focus’: Nutrien executive By Reuters

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By Rod Nickel WINNIPEG, Manitoba (Reuters) - Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said on Tuesday in the company's first public comments about reports of possible cooperation. BHP has for years been constructing a potash mine at Jansen, Saskatchewan, near Nutrien's six mines in the Canadian province. BHP expects to present its board with a decision in a few months on whether to complete the project. Canada's Globe and Mail newspaper reported in May that BHP and Nutrien were negotiating a joint venture...

23 June

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Intel to create new units for software, high-performance computing By Reuters

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By Stephen Nellis and Nivedita Balu (Reuters) - Chipmaker Intel Corp (NASDAQ:INTC) said on Tuesday it would create two new business units that would focus separately on software and high-performance computing and graphics. Intel also said current executives Sandra Rivera and Raja Koduri will take on new senior leadership roles, while technology industry veterans Nick McKeown and Greg Lavender will join the company. Lavender, who most recently served as senior vice president and chief technology officer of VMware, will be the general manager of the new software and advanced technology group, while Koduri...

23 June

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Google likely to soon face antitrust claims over Play store from U.S. states – sources By Reuters

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By Karen Freifeld, Diane Bartz and Paresh Dave WASHINGTON (Reuters) - A group of state attorneys general may file a lawsuit against Alphabet (NASDAQ:GOOGL) Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter. The anticipated lawsuit follows complaints from app developers about Google's management of its Play Store for Android devices, according to one source. The lawsuit has been in the works since last year and has already been delayed, but seems close...

22 June

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U.K. Poised to Ease Travel Curbs for Fully Vaccinated in August By Bloomberg

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(Bloomberg) -- Boris Johnson’s government is preparing to allow Britons who have been fully vaccinated against coronavirus to travel to more than 150 countries without the need to quarantine on their return to England later this summer. Officials expect the new policy to be signed off by government in the next few days, paving the way for the reopening of international journeys to popular destinations in Europe and the U.S. But the change is unlikely to come into force before August, and ministers are expected to keep a tight limit on the number of destinations on...

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News

What’s happening with Tesla’s $7 billion German ‘gigafactory’? By Reuters

New British 50 pound note with WW2 codebreaker Turing enters circulation By Reuters

British government plans sale of broadcaster Channel 4 By Reuters

Save Our Summer: British pilots call on politicians to rescue travel industry By Reuters

Harvard wasn’t pressured over Toshiba, former Japan adviser says By Reuters

Fed will not raise rates on inflation fears alone, Powell says By Reuters

Potash partnership with BHP ‘not our focus’: Nutrien executive By Reuters

Intel to create new units for software, high-performance computing By Reuters

Google likely to soon face antitrust claims over Play store from U.S. states – sources By Reuters

U.K. Poised to Ease Travel Curbs for Fully Vaccinated in August By Bloomberg

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