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When NHTSA appoints a female consultant, Musk is fidgeting: she is seriously prejudiced against Tesla, Inc.!
The National Highway Traffic Safety Administration (NHTSA) recently appointed a new senior safety adviser, making Tesla, Inc. CEO Elon Musk and Tesla, Inc. 's loyal fans restless because the new adviser is thought to have always been biased against Tesla, Inc.. Their target is Mary Cummings, a female professor at Duke University, who has always been critical of Tesla, Inc. 's Autopilot software. This week, she was selected as the senior security adviser for NHTSA. The former U.S. Navy pilot is also a board member of Veoneer, Veone.
LG Energy solution affected by recall may delay $10 billion IPO
South Korean battery maker LG Energy Solutions said on Monday that it would decide in October whether to complete its initial public offering (IPO) this year as planned, as a car recall involving LG batteries cast a shadow over the company's prospects. The company said in June that it planned to complete the IPO process by 2021. It is widely believed that the IPO will be the largest ever IPO in South Korea, raising between $10 billion and $12 billion. But earlier this month, General Motors Co of the United States announced a recall of more than 140000 Chevrolet Bolt electric vehicles to better those at risk of fire.
IBM temporarily closes its New York City office due to an increase in the number of COVID-19 cases.
IBM temporarily closed its offices in New York City as the number of COVID-19 cases increased, but the company did not postpone plans to reopen in other parts of the United States in September. Employees were told on Wednesday that offices in New York City would be open only to essential employees, an IBM spokesman said in a statement. It also pointed out that the current epidemic situation "does not comply with the health and safety regulations of the IBM." With the number of infections soaring across the United States, the ongoing Delta strain has prompted companies to reevaluate their plans to return to office. New York reported 5138 new cases on Thursday and said the number of patients hospitalized for the disease had increased by 4. 5%.
The Bank of England turns to hawks to rekindle sterling's rally ahead of a new outbreak
Thanks to the Bank of England's shift to hawks, the pound is about to enter a new period of strength against the euro. Traders' expectations for an interest rate hike in February rose to 60 per cent; the Bank of England made it clear last week that the countdown to an era of ultra-low borrowing costs would begin. That gives the pound the potential to break through £0.85 to the euro, its highest level since February 2020, a barrier it has failed to break since early April. The pound rose 4.2 per cent against the euro in the first half, the biggest gain since 2015, but has stalled recently. In the past month, the number of Covid-19 infections in the UK has soared, forcing people to watch
British government: plans to issue the world's first sovereign green savings bond
The UK government plans to issue the world's first sovereign green bond for retail investors as part of its efforts to create a net zero-carbon economy by 2050. Savings bonds will fund projects in areas such as renewable energy and clean transport and will be sold this year, the Treasury said. Chancellor Sunak also promised to launch so-called green gilts for institutional investors (note: gilts were originally public bonds issued by the UK government. Because the bonds issued by the British government used to have golden edges, so they were named because of their high safety, as part of his borrowing plan for fiscal year 2020.
Why interest rates in the United States are only likely to rise slightly in 2021
Analysts point out that sustained inflationary pressures will not appear until 2022 at the earliest. Russel Investments believes that the Fed will continue to intervene in the Treasury market until the US economy fully recovers. Earlier, the Fed announced that it would keep its overnight interest rate near zero. This is in line with expectations because millions of Americans are still out of work, inflation is still below target, and the Fed wants to reach its target before raising interest rates. Russel Investments predicts that the Fed may withdraw its response to the economy by early 2024.