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Tag Archives: billion

The self-driving vehicle startup Argo AI signs a contract for USD 2.6 billion with Volkswagen and expands to Europe – TechCrunch

Volkswagen Group On Tuesday, the $ 2.6 billion investment was completed in Argo AI, the Pittsburgh-based self-driving auto startup that came out of hiding with $ 1 billion in Ford support in 2017. The deal makes Argo a global company with two customers – VW and Ford – with offices in the US and Europe and an immediate increase in …

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Corona virus at the latest: Lufthansa agrees a bailout package of EUR 9 billion with Brussels and Berlin

Messages you may have missed The United States is planning it revoke special trading privileges For Hong Kong and mainland and mainland sanctions officials, Washington-Beijing relations, which were already strained during the pandemic, deteriorated. Donald Trump, the US president, announced several measures against China on Friday after Beijing decided earlier this week to impose new security laws on Hong Kong. …

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The Coronavirus Vaccine Race stirs up a $ 200 billion bubble

In the past two months alone, Wall Street investors have pumped billions into a handful of biotech companies that were in the early stages of vaccine or drug manufacturing to fight vaccines or drugs novel corona virus. Some of these companies are pursuing promising treatments, experts say, but others will likely try to find a cure. The result: a corona …

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EU. proposes a $ 825 billion coronavirus rescue plan that will give Brussels the opportunity to raise funds for the first time

If approved, the E.U. The plan could tie the block together at a moment when it was in danger of breaking apart under the pressure of the pandemic. If the plan fails – either to gain support or to benefit – eurosceptic politicians could be encouraged, both in rich countries like Germany and in struggling countries like Italy. The EU. …

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EU unveils plan to borrow € 750 billion to support coronavirus recovery

The EU flags can be seen in front of the Berlaymont, the headquarters of the EU Commission on May 19, 2020 in Brussels, Belgium. Thierry Monasse The European Commission has announced plans for a € 750 billion ($ 826.5 billion) rehabilitation fund as the region faces the worst economic crisis since the 1930s. It will borrow these funds and then …

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Uber rival Bolt, valued at $ 1.9 billion, plans to restore corona viruses

Markus Villig, CEO of Bolt bolt Bolt, a European competitor to Uber, claims to have a value of $ 1.7 billion ($ 1.9 billion) after raising new funds to reestablish momentum in a business severely disrupted by the coronavirus pandemic build up. The Tallinn, Estonia-based company announced on Tuesday that it had raised 100 million euros from Naya Capital, an …

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China Announces $ 2 Billion in Viral Aid to WHO Assembly

“We fully shared control and treatment experiences with the world,” said Xi. “We have done everything in our power to support and support countries in need.” The $ 2 billion investment over the next two years will support Covid-19 efforts, particularly in developing countries, Xi said. The EU resolution proposes to launch the independent assessment “at the earliest possible stage” …

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