Business

Oil firms but still set for weekly loss on demand worries

Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.

Deere, Bear Flag aim to automate tractors as ‘fast as possible’

U.S. tractor maker Deere & Co (DE.N) said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab.

Thyssenkrupp sells infrastructure unit to German investment firm

Thyssenkrupp (TKAG.DE) on Thursday said it agreed to sell its infrastructure unit to German investment firm FMC Beteiligungs KG for an undisclosed sum, the second deal in as many weeks as the German conglomerate implements its reorganisation plan.

Biden seeks to make half of new U.S. auto fleet electric by 2030

President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.

German industrial orders bounce back, but supply bottlenecks weigh

German industrial orders rose more than twice as much as expected in June, driven by bookings from domestic clients for large manufacturing products, but weaker turnover suggested that supply bottlenecks continued to hold back production.

Oil firms but still set for weekly loss on demand worries

Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.

Deere, Bear Flag aim to automate tractors as ‘fast as possible’

U.S. tractor maker Deere & Co (DE.N) said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab.

Thyssenkrupp sells infrastructure unit to German investment firm

Thyssenkrupp (TKAG.DE) on Thursday said it agreed to sell its infrastructure unit to German investment firm FMC Beteiligungs KG for an undisclosed sum, the second deal in as many weeks as the German conglomerate implements its reorganisation plan.

Biden seeks to make half of new U.S. auto fleet electric by 2030

President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.

German industrial orders bounce back, but supply bottlenecks weigh

German industrial orders rose more than twice as much as expected in June, driven by bookings from domestic clients for large manufacturing products, but weaker turnover suggested that supply bottlenecks continued to hold back production.

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