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Category: Business

U.S. auto sales lose momentum in November: Wards Intelligence

December 9, 2020December 3, 2020mysaraficom

The pace of U.S. auto sales slowed in November, data from analytics firm Wards Intelligence showed on Tuesday, amid a spurt in coronavirus infections. Auto sales in the United States managed to bounce back since hitting a pandemic-fueled bottom in April, leading major automakers to ramp up production and boost weak inventories at dealerships. However, […]

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OSCE states set to end impasse over vacant senior positions, U.S. says

December 8, 2020December 3, 2020mysaraficom

The Organization for Security and Cooperation in Europe, a body that includes Russia and the United States and other former Cold War adversaries, is set to end a months-long impasse over filling its vacant top jobs, the U.S. envoy to the group said. The 57-nation OSCE, best known for its election observation work and its […]

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S&P 500, Nasdaq end at record highs on vaccine optimism

December 7, 2020December 3, 2020mysaraficom

The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data. Investors stayed focused on updates about a handful of vaccine candidates and the start of global shipments as drugmakers […]

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U.S. refining industry trade group sets in-person spring 2021 meeting

December 6, 2020December 3, 2020mysaraficom

The American Fuel & Petrochemical Manufacturers, a top U.S. oil refining industry trade group, will hold its annual conference early next year in-person, one of the first to do so after the coronavirus pandemic sent conferences to virtual meetings. The conference will take place April 11-13 in San Antonio, Texas. The group will implement a […]

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Virgin Galactic reschedules test flight window to start December 11

December 5, 2020December 3, 2020mysaraficom

Space tourism company Virgin Galactic Holdings Inc said on Tuesday it had set a new test-flight window opening on Dec. 11, after pausing preparations last month due to COVID-19 restrictions imposed by New Mexico. The Richard Branson-founded company said the rocket-powered test flight would also carry payloads for NASA as part of a contract announced […]

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E-scooter sharing firm VOI raises $160 million to expand

December 4, 2020December 3, 2020mysaraficom

Sweden’s VOI Technology has raised $160 million in a funding round led by The Raine Group’s growth equity vehicle to help it fuel expansion, it said on Wednesday. The company was initially hit by lockdowns as the COVID-19 pandemic broke out, but has over the past months seen demand picking up as people avoid trains […]

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Canadian pot producers may scale back in Europe: industry report

December 3, 2020mysaraficom

Canadian cannabis producers are likely to scale back their investments in Europe as they come under pressure to cut costs and deliver profit, two industry consultants said in a report released on Tuesday. Depending on the pace of legalization, the market for European cannabis could grow at a compound annual rate of 52% for the […]

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