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Dominic Raab was appointed as the new Brexit Minister after Prime Minister Teresa May accepted the resignation of David Davis, Bloomberg reports. Prior to his new appointment, Dominik Raab served as Minister for Housing. David Davis, who expressed disagreement with the plans for economic relations between the UK and the EU after the country left the bloc, wrote in a petition for resignation submitted by Teresa May: “The main policy direction puts us at best in a weak position in the negotiations, and, possibly, even in the unacceptable”.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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