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Battery maker Northvolt raises $2.75 bln to expand factory

2 minute read Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo Swedish lithium-ion battery maker Northvolt has raised $2.75 billion in equity to expand capacity at the factory it is developing in northern Sweden to 60 gigawatt hours (GWh) from 40GWh to meet increasing demand for electric cars. The company said in a statement the private placement was led by Swedish pension funds AP1, AP2, AP3, AP4 and OMERS Capital Markets, alo...
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Asia shares turn cautious ahead of U.S. inflation

A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers. Investors were wary on how shares of major tech firms would react to the G7s agreement on a minimum global corporate tax rate of at least 15%, though getting the approval of the whole ...
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South Korean designer creates Third Eye – a 'satirical solution for smartphone zombies'

The device opens its translucent eyelid whenever it senses the users head has been lowered to look at a smartphone. When the user comes within one to two metres of an obstacle, the device beeps to warn of the impending danger. "This is the look of future mankind with three eyes," Paeng, a postgraduate in innovation design engineering at the Royal College of Art and Imperial College London, told Reuters as he demonstrated use of The Third Eye around Seoul. "As we cannot take our eyes off from sm...
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