Category: spur
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Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
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(Reuters) – Lucid Group reported record fourth-quarter deliveries on Monday, beating Wall Street expectations, as the Saudi Arabia-backed automaker benefited from strong demand for luxury electric sedans. The electric car maker has cut prices and offered incentives including cheap financing to lure customers away from cheaper hybrid cars amid rising…
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Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions
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British Chancellor Rachel Reeves is set to call for a “reset” of economic ties between Britain and the European Union, arguing that closer ties would help break down barriers to trade and boost growth prospects for both sides. In the first speech by a British adviser to the Eurogroup since…
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Address policy hurdles agricultural sector SMEs face to spur job creation
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Agriculture is the key to Africa’s economic recovery. The African Development Bank expects the sector to generate $1 trillion in profits by 2030. Therefore, there is a need for bold agricultural reforms that strengthen smallholder farmers and direct investments towards this sector. Study of the 2022 Alliance for a Green…
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US sets new rule that could spur AI chip shipments to the Middle East By Reuters
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Written by Karen Freifeld WASHINGTON (Reuters) – The U.S. Commerce Department on Monday unveiled a rule that could facilitate shipments of artificial intelligence chips to data centers in the Middle East. Since October 2023, US exporters have been required to obtain licenses before shipping advanced chips to parts of the…
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Workers Are Missing From Starmer’s Plan to Spur UK Housebuilding
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Breadcrumbs Path Links PMN Business Prime Minister Keir Starmer’s promise to “build Britain back again” will quickly face a shortage of skilled workers in the very industries he hopes will help transform it. Article author: Bloomberg News Irina Angel Published on July 13, 2024 • Read for 6 minutes You…
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3M hiked to Buy at BofA as new CEO focus on ops, innovation should spur growth (NYSE:MMM)
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Editorial jetcityimage/iStock via Getty Images 3M(New York Stock Exchange: mmm) +1.9% In Friday trading, Bank of America upgraded its shares to buy from Neutral with a price target of $120, up from $105, citing new CEO Bill Brown’s desire to refocus the company on growth and operations. Bank of America…
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Dollar ascendant as surging US yields spur safety bid By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose to a two-week high against its major counterparts on Thursday, as a decline in Treasuries improved the currency’s appeal due to rising U.S. yields and demand for safe-haven assets. The dollar surged to a two-week high against the euro and…