14 June

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Lordstown Plunges As CEO, CFO Resign Amid Troubles At EV Maker By Investing.com

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By Dhirendra Tripathi Investing.com -- Lordstown Motors (NASDAQ:RIDE) shares slumped in Monday’s premarket following the resignations of the chief executive officer and the chief financial officer from the beleaguered electric vehicle maker. The departures of CEO Steve Burns and CFO Julio Rodriguez are effective immediately but their replacements are only for an interim period till they are permanent suitable candidates are found. Lordstown’s Lead Independent Director Angela Strand has been appointed executive chairwoman and will oversee the organization’s transition. Becky Roof is the interim CFO. The company added it “planned commencement of limited production in late-September”....

14 June

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GSK, iTeos to develop cancer drug in up to $2 billion deal By Reuters

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(Reuters) -Britain's GlaxoSmithKline Plc has agreed to pay up to $2 billion to iTeos Therapeutics Inc to develop and sell a potential cancer treatment together, the companies said on Monday. Boston-based iTeos will receive a $625 million upfront payment and is eligible to get up to $1.45 billion more if the programme meets certain development and commercial milestones. GlaxoSmithKline is under pressure to shore up its drug pipeline after a report that U.S. activist investor Elliott built up a significant stake in the company. The British drugmaker is also preparing to outline plans to split its...

14 June

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Sam Woods re-appointed BoE deputy governor By Reuters

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(Reuters) - Sam Woods has been reappointed as deputy governor of the Bank of England and as chief executive of the Prudential (LON:PRU) Regulation Authority, the UK Treasury said on Monday ...

14 June

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Analysis: Germany’s Scholz bets on experience in uphill election battle By Reuters

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By Michael Nienaber BERLIN (Reuters) - German Finance Minister Olaf Scholz is hoping to overcome his party's poor ratings to win this summer's election by attacking Chancellor Angela Merkel's conservatives as a club for lobbyists while presenting himself as an experienced crisis manager. With Merkel not running in the Sept. 26 vote and centre-right candidate Armin Laschet struggling to unite the CDU/CSU alliance, Scholz sees a chance of ending 16 years of conservative rule. But public demand for change, personified by 40-year-old Annalena Baerbock from the Greens, and doubts about his credibility following two business scandals...

14 June

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Samsung enters Europe with Vodafone 5G network deal in Britain By Reuters

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By Joyce Lee and Supantha Mukherjee STOCKHOLM/SEOUL (Reuters) - British telecoms group Vodafone (LON:VOD) has chosen Samsung Electronics (LON:0593xq) to supply its 5G network equipment in Britain, the pair said on Monday, a breakthrough for the South Korean company in Europe's telecoms gear market. European mobile operators are increasingly considering Samsung to replace China's Huawei as a supplier, with executives from Spain's Telefonica (MC:TEF) and France's Orange previously telling Reuters they had held talks with the firm. Financial terms of the agreement were not disclosed. Britain has already ordered...

14 June

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Mode Global payments to be made available on THG websites By Investing.com

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By Samuel Indyk Investing.com – Mode Global has announced it has partnered with THG, otherwise known as the Hut Group, to be a payment option on THG (LON:THG) brands’ websites at their online checkout. Through the partnership, UK fintech company Mode (LON:MODE) will allow customers to make payments using their GBP wallets, but customers will be able to earn rewards in Bitcoin when making the payments. Mode and THG plan to integrate Mode’s payments option on over 30 THG brands over the next 12 months, starting from the end of Q3 this year. THG owns a...

14 June

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Toshiba’s chairman says wants to stay on, says new directors needed By Reuters

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By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp's chairman of the board on Monday pushed back against investor calls to resign, saying he wanted to help right the crisis-hit Japanese conglomerate and would bring in new directors. Toshiba has come under fierce scrutiny after an independent investigation last week revealed management colluded with Japan's powerful trade ministry to block foreign investors from gaining board influence, in what one leading shareholder has called the world's worst corporate scandal in a decade. In response to the investigation, the once-storied conglomerate said over the weekend it would no longer be...

14 June

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U.S. leader Biden will take “tough messages” to Russia, says UK PM By Reuters

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LONDON (Reuters) - U.S. President Joe Biden will take some "tough messages" to Russian President Vladimir Putin this week, British Prime Minister Boris Johnson said on Monday, saying so far London's relations with Moscow had yet to improve. "I'm always hopeful that things will improve with Russia, but ...

14 June

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Royal Dutch Shell shares jump on reported Texas sale plans, high oil prices By Investing.com

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By Samuel Indyk Investing.com – Shares in oil giant Royal Dutch Shell (LON:RDSa) were trading near the top of the FTSE 100 on Monday, supported by reports the company is considering a sale of its holdings in the US Permian basin. Reuters reported that the FTSE 100 behemoth is considering selling all or part of its holdings in the largest US oil field, which account for around 6% of its total oil and gas output last year. The assets could be worth as much as $10bln. Energy transition The news comes as Shell attempts to transition...

14 June

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American duo plead guilty to helping former Nissan chief Ghosn flee Japan By Reuters

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(Corrects to remove extraneous word "the" in paragraph 8) TOKYO (Reuters) - A U.S. Special Forces veteran and his son pleaded guilty in Tokyo on Monday to charges that they illegally helped former Nissan Motor Co Ltd Chairman Carlos Ghosn flee Japan hidden in a box aboard a private jet in December 2019. Chief judge Hideo Nirei, one of three judges presiding over their first court appearance, asked Michael Taylor and his son Peter whether there was any mistake in the charges submitted by the Tokyo Prosecutors' office. "No your honour," the older Taylor replied....

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Lordstown Plunges As CEO, CFO Resign Amid Troubles At EV Maker By Investing.com

GSK, iTeos to develop cancer drug in up to $2 billion deal By Reuters

Sam Woods re-appointed BoE deputy governor By Reuters

Analysis: Germany’s Scholz bets on experience in uphill election battle By Reuters

Samsung enters Europe with Vodafone 5G network deal in Britain By Reuters

Mode Global payments to be made available on THG websites By Investing.com

Toshiba’s chairman says wants to stay on, says new directors needed By Reuters

U.S. leader Biden will take “tough messages” to Russia, says UK PM By Reuters

Royal Dutch Shell shares jump on reported Texas sale plans, high oil prices By Investing.com

American duo plead guilty to helping former Nissan chief Ghosn flee Japan By Reuters

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