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Tesla becomes world’s most valuable carmaker beating Toyota

Tesla has beaten Toyota to become the world’s most valuable carmaker by market value, as the 10th anniversary of the electric auto group’s stock market entry approaches

Ramla Soni
BP sells its petrochemicals business to Ineos for $5 billion

Ineos, controlled by Jim Ratcliffe, one of the UK’s richest men, will pay a deposit of $400m and a further $3.6bn upon completion

Ramla Soni
Nearly 1.9 million Brits hold digital assets

Study by the Financial Conduct Authority finds 3.86 per cent of UK population own cryptos

Lawrence Gash
UK house prices fall for the first time in eight years

Prices in June were 3.2 per cent lower than in April

Ramla Soni
Shell warns of $22bn write down

Anglo-Dutch oil firm publishes Q2 2020 outlook

Ramla Soni
Uber looking to buy San Francisco food delivery start-up Postmates

A deal could be reached as soon as this week

Lawrence Gash


Asian stocks rise on Chinese PMI data

Passage of controversial Hong Kong security bill overshadowed by latest economic data

Lawrence Gash
Nasdaq surges back as tech stocks ride out coronavirus

The tech-heavy Nasdaq index has staged a powerful recovery since its low point in April, eclipsing the revival of the blue-chip Dow Jones. Companies such as Amazon, Netflix and Microsoft are seen to have thrived during the enforced lock-downs across much of Europe and America.

Dan Atkinson
Chesapeake Energy declares bankruptcy

The company said it had gained agreement with the majority of its creditors to eliminate $7bn of debt

Ramla Soni
Airbus CEO predicts 40% drop in production over the next two years

Leading planemaker set for major restructuring

Lawrence Gash
Amazon buys self-driving start-up Zoox for over $1.2bn

Deal marks Amazon’s second-biggest acquisition since 2009

Ramla Soni
Multiple regulatory probes launched after Wirecard files for insolvency

Regulators across Europe to investigate Wirecard scandal

Lawrence Gash
Federal Reserve imposes fresh restrictions on US banking sector

Fed imposes new limits on US banks

Lawrence Gash
Volvo Cars and Waymo to build self-driving vehicles in new partnership

Waymo and Volvo Cars have agreed to develop a self-driving electric vehicle for ride-hailing use, as part of a new global partnership

Ramla Soni
Canada loses AAA rating

Fitch downgrades Canada’s IDR from AAA to AA+ following Covid-19 crisis

Lawrence Gash