Economy

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.

Dollar drifts higher as markets await jobs data for Fed clues

The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.

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.

Wall Street pushes stocks, oil higher ahead of jobs report

U.S. stocks and oil prices rebounded sharply on Thursday as unemployment claims declined and the trade deficit widened – positive economic data in the face of rising COVID-19 cases and signals of declining Federal Reserve stimulus.

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.

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.

Dollar drifts higher as markets await jobs data for Fed clues

The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.

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.

Wall Street pushes stocks, oil higher ahead of jobs report

U.S. stocks and oil prices rebounded sharply on Thursday as unemployment claims declined and the trade deficit widened – positive economic data in the face of rising COVID-19 cases and signals of declining Federal Reserve stimulus.

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.

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