Airbus revives plan for new single-aisle jet plant in Toulouse
Plans to install a new production line for its A321neo jet, has been revised by Airbus. It is to be established in Toulouse, France. This reshapes the production of the medium-haul single-aisle jets. As a result of this, the factories can lead out of the coronavirus crisis. By the end of 2022, the new line is […]
Citi weighs launching cryptocurrency services after surge in client interest
After a surge in interest from clients, Citigroup Inc is weighing the option of providing cryptocurrency-related services. Itay Tuchman, the bank’s global head of foreign exchange reported to the newspaper that the bank has not yet decided whether it will offer clients cryptocurrency-related services, but trading, custody and financing are all under consideration. Tuchman told the […]
Raising pace of bond buys not off the table for ECB
ECB Chief Economist Philip Lane said in a French newspaper that the European Central Bank could still increase bond purchases at its June meeting. And this is also when such a move is needed to keep borrowing conditions favourable. Before 2023, he also said unemployment is not expected to return to its pre-pandemic level. From […]
Higher prices help Stellantis weather worsening chip shortage
Stellantis is expected to deliver a strong performance this year because of its higher prices and robust consumer demand. Despite a worsening global shortage of semiconductor chips this quarter, the world’s fourth-biggest carmaker is heading towards a strong performance. Without environmental credits bought from Tesla, the group also expected to meet European CO2 emissions targets […]