BEIJING: China said Thursday it is providing COVID-19 vaccines to nearly 40 African countries, describing its actions as purely altruistic in an apparent intensification of what has been described as “vaccine diplomacy.” The vaccines were donated or sold at “favorable prices,” Foreign Ministry official Wu Peng told reporters. Wu compared China’s outreach to the actions of
Ford Aims to Build Batteries in U.S. With Koreaâs SK Innovation
May 20 2021, 11:53 AM
May 20 2021, 3:25 AM
May 20 2021, 11:53 AM
(Bloomberg) Ford Motor Co. and South Koreaâs SK Innovation Co. are poised to announce Thursday theyâve reached an agreement to jointly build electric-vehicle batteries in the U.S.
(Bloomberg) Ford Motor Co. and South Koreaâs SK Innovation Co. are poised to announce Thursday theyâve reached an agreement to jointly build electric-vehicle batteries in the U.S.
The two companies have reached a memorandum of understanding to pursue a joint venture to manufacture the power sources that are critical to becoming competitive in the emerging EV market, according to people familiar with the deal who asked not to be identified. SK already supplies batteries for Fordâs new electric F-150 Lightning pickup, which was driven this week by President Joe Biden after he toured the Michigan factory where itâs made.
JEDDAH: With the resumption of flights for citizens with immunity to the coronavirus disease, many Saudis are eager to vacation in France this summer, or resume work there. Next week, the Embassy of France in Riyadh and the French Consulate General in Jeddah will resume issuing travel visas to France. This will be done in a gradual manner, and priority will be given, in the
GAZA: A senior Hamas official predicted a cease-fire within days in the Israel-Gaza conflict, after US President Joe Biden urged Israeli Prime Minister Benjamin Netanyahu to seek a “de-escalation” in the fighting. Rocket fire into Israel died down overnight, a lull that stretched into Thursday morning. Israel was launching new air strikes in Gaza after daybreak, but, Israeli
NEW YORK: Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 less than half the record value it reached last month before climbing back over $39,500 around 2000 GMT. It was still above its level at the start