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Canada’s Enerplus to buy some of Hess’ North Dakota assets

Canada’s Enerplus Corp said it would buy some assets in North Dakota’s Williston Basin from Hess Corp for $312 million, as improved oil price expectations have buoyed mergers and acquisitions

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Tesla lashes out at German red tape ahead of planned site opening

Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer. Tesla plans to have the factory up and running by

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Brazilian payments network Elo picks banks for IPO

Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with

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Global supply lines struggle to clear container backlog after Suez chaos

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global

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Michelin looks beyond tyres to help drive growth

France’s Michelin plans to add about 14 billion euros ($17 billion) to its annual revenues by 2030, by recovering from a pandemic-induced slowdown and diversifying beyond its tyre-making heritage into

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Bank of America to deploy $1 trillion for sustainable finance by 2030

Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had

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Porsche can not rule out production cuts over chip shortage

Volkswagen’s luxury sports car unit Porsche AG might have to adjust production to reflect an ongoing shortage of crucial automotive chips, Handelsblatt reported. “We cannot rule out that we will

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