ECB to inspect loans to shadow banks after Greensill, Archegos fiascos
Regulators have long worried about the rise of so-called shadow banking, or lending by entities outside the traditional banking sector that are not subject to…
Category: Business
North American companies buying more robots to keep up with demand
Companies ordered 9,098 robots in the first quarter, a 19.6% increase over a year ago, according to the Association for Advancing Automation, an industry group…
Renault hoping to make more money from its Arkana model
French carmaker Renault said on Thursday it was hoping to make more money from its Arkana model, as it unveiled a broad-based strategy programme aimed…
ArcelorMittal reports best start to a year for a decade
ArcelorMittal , the world’s largest steelmaker, reported higher than expected first-quarter earnings on Thursday after what it said was its strongest quarter in a decade.…
Nikola may seal order for 100 EVs from port trucking firm
Nikola Corp said on Thursday it signed a letter of intent with port trucking firm Total Transportation Services Inc for trials and possible order of…
U.S. productivity rebounds in first quarter
The Labor Department said on Thursday that nonfarm productivity, which measures hourly output per worker, increased at a 5.4% annualized rate last quarter. Data for…
Volkswagen CEO says European battery plans could include JVs, IPOs
Volkswagen is looking for outside money in its plan to build up to six battery cell factories in Europe by 2030, Chief Executive Herbert Diess…