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Celltrion says trial shows antibody COVID-19 treatment to be safe and effective
  + stars: | 2021-06-14 | by ( Sangmi Cha | ) www.reuters.com sentiment -0.98   time to read: +1 min
The logo of Celltrion is seen at company's headquarters in Incheon, South Korea, October 28, 2016.REUTERS/Kim Hong-JiSouth Korean drugmaker Celltrion Inc (068270.KS) on Monday announced positive results for its experimental antibody COVID-19 treatment that it said was safe and reduced the treatment period by nearly five days in Phase 3 global clinical trials. The trials, which involved 1,315 participants, have taken place since January in 13 countries, including in South Korea, the United States, Spain and Romania, Celltrion said in a statement. The treatment slowed severe symptoms of COVID-19 in more than 70% of patients, including the high-risk group with underlying conditions. In February South Korea, granted conditional approval to the antibody treatment, making it the first locally made coronavirus treatment in the country to win such approval. Celltrion shares rose as much as 5.6% in Monday morning trade, compared with a 0.3% drop in the wider market (.KS11).
Persons: Kim Hong, Celltrion Organizations: REUTERS, Ji, Monday, Thomson Locations: Incheon, South Korea, United States, Spain, Romania
British telecoms group Vodafone (VOD.L) has chosen Samsung Electronics (005930.KS) to supply its 5G network equipment in Britain, the pair said on Monday, a breakthrough for the South Korean company in Europe's telecoms gear market. European mobile operators are increasingly considering Samsung to replace China's Huawei (HWT.UL) as a supplier, with executives from Spain's Telefonica (TEF.MC) and France's Orange (ORAN.PA) previously telling Reuters they had held talks with the firm. Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, echoing a U.S. campaign against Huawei, citing national security risks. Samsung is banking on Europe to maintain growth in its network equipment business, a senior executive told Reuters earlier this month, as 5G rollouts widen. The European telecoms equipment market is dominated by Nokia (NOKIA.HE), Ericsson (ERICb.ST) and Huawei, but Samsung has entered the picture after it unexpectedly landed a $6 billion deal with U.S. giant Verizon in September.
Persons: Richard Webb, Rakuten Organizations: Vodafone, Samsung Electronics, South Korean, Samsung, Huawei, Spain's Telefonica, Reuters, Ericsson, Nokia, U.S, Verizon, RAN, Dish Network, Telefonica, Thomson Locations: Britain, U.S, Europe
Vodafone joins forces with Dell, Samsung, others for Open-RAN development
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.57   time to read: 1 min
A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall/File PhotoMobile and broadband operator Vodafone (VOD.L) has selected six partners to build Europe's first commercial open RAN (radio access network), it said on Monday. It said Dell Technologies (DELL.N), NEC (6701.T) Samsung (005930.KS), Wind River, Capgemini Engineering and Keysight Technologies (KEYS.N) would help it build one of the largest Open RAN networks in the world. Vodafone said the partnerships would build on its new Open RAN lab in Newbury, southern England, and its planned digital skills hubs in Malaga, Spain, and Dresden, Germany. Mobile operators and governments want to encourage the development of Open RAN technology to help more vendors enter a market dominated by Huawei, Ericsson (ERICb.ST) and Nokia (NOKIA.HE).
Persons: Neil Hall Organizations: Vodafone, REUTERS, Mobile, Dell Technologies, NEC, Samsung, Keysight Technologies, RAN, Huawei, Ericsson, Nokia, Thomson Locations: London, Britain, Newbury, England, Malaga, Spain, Dresden, Germany
Live NATO Live Updates: Biden’s First Summit Will Focus on Russia and China President Biden is taking part in his first NATO summit as president. Biden’s first NATO summit as president will be a sharp contrast to Trump’s. Activists of the International Campaign to Abolish Nuclear Weapons and other peace initiatives staged a protest in Berlin in January. The accord outlaws the use, testing, development, production, possession and transfer of nuclear weapons and stationing them in a different country. “A world where Russia, China, North Korea and others have nuclear weapons, but NATO does not, is not a safer world,” she said.
Persons: Biden, Topping, Brendan Smialowski, Donald J, Trump, ’ ’, Emmanuel Macron, Jens Stoltenberg, Mr, Tobias Schwarz, , Tim Wright, Jessica Cox Organizations: NATO, China, Melsbroek, Sunday ., Agence France, Getty, New, International, Nuclear, Nuclear Weapons, United Nations Locations: Russia, China, Biden’s, Brussels, BRUSSELS, New United States, France, Afghanistan, Asia, Berlin, Geneva, NATO’s, United States, Britain, India, Israel, North Korea, Pakistan, American, Belgium, Italy, Spain
Fashion moves to the centre of activist crosshairs
  + stars: | 2021-06-14 | by ( Aimee Donnellan | ) www.reuters.com + 0.00   time to read: +3 min
Fast fashion is moving into activist crosshairs. Retailers like Adidas and ASOS could be sitting ducks for activists’ intent on a greener future. A shift to online shopping has meant fewer items returning to stores to be recycled. Retailers are also collecting used clothes in stores and using fewer chemicals in their production processes. - The RSA analysed a sample of 10,000 items added to websites from PrettyLittleThing, Missguided, ASOS and Boohoo found some stores only contained 1% recycled fabric.
Persons: crosshairs, Zara, Inditex, Ortega, Persson, Tham, Sweden’s, Boohoo Organizations: Oxford, Retailers, Adidas, McKinsey, UBS, Recycling, Oil . Senior, Exxon Mobil, British Foods, Wittington Investments, Royal Society for Arts Manufactures, Commerce, Next, Abercrombie, Fitch Locations: London, Britain, Spain
Trinidad and Tobago's US Embassy has been mocked after gifting the nation 80 COVID-19 vaccine vials. Trinidad and Tobago has 1.4 million people. The US Embassy to Trinidad and Tobago has attracted online mockery after announcing that it has donated 80 vials of COVID-19 vaccine to the island nation of 1.4 million people. Trinidad and Tobago's National Security Minister Fitzgerald Hinds told local newspaper the Trinidad Daily Express that the vials were going to be given to the National Security Ministry. During May's surge, the US donated two field hospitals, comprising 80 beds in total to Trinidad and Tobago, the embassy announced.
Persons: — teri.zin Organizations: Ministry of National Security, Pfizer, Government, Embassy Locations: Trinidad, Trinidad and Tobago, Embassy, Port of Spain, United States, America, U.S, Tobago's
Thousands protest against Spain’s possible pardons for jailed Catalan leaders
  + stars: | 2021-06-13 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
Spain's Deputy Prime Minister Carmen Calvo gave the clearest indication yet that the pardons of the Catalan separatists were "close" in an interview published on Sunday with La Vanguardia newspaper, but the issue has bitterly divided Spaniards. Around 63% of Spaniards oppose granting the pardons while some 25% backed it and about 6% were indifferent, according to a poll published on Sunday for niusdiario.es, an online newspaper. Asked when Spain's centre-left government might approve the pardons, Calvo told Vanguardia: "Soon, they are close. Spain's Supreme Court said in a non-binding report last month that it opposes potential government pardons for the Catalan separatist leaders. (This story corrects paragraph six to make clear Calvo told Vanguardia)Our Standards: The Thomson Reuters Trust Principles.
Persons: Javier Barbancho, Carmen Calvo, Carlos Bandecha, Ciudadanos, Calvo, Vanguardia Organizations: REUTERS, Sunday, La Vanguardia, People's Party, Vox, Plaza Colon, Vanguardia, Thomson Locations: Spanish, Colon, Madrid, Spain, Plaza
Where Google’s Advertising Chief Searches for Insight
  + stars: | 2021-06-12 | by ( Tripp Mickle | ) www.wsj.com sentiment -0.97   time to read: +1 min
Its promise of a year studying abroad led the math whiz to swap engineering for marketing. “I started that course and never looked back,” Ms. Twohill said. A few years after graduating, Ms. Twohill landed at a dot-com era travel company, Opodo, where she bought early digital ads on Google—then a search engine startup. Instead she found herself in a series of interviews that resulted in a job offer that she nearly rejected. “I had a great job and another offer that looked like a much bigger job,” she said of the 2003 opportunity.
Persons: Lorraine Twohill, , ” Ms, Twohill, Organizations: Dublin City University, Google Locations: Ireland, Spain
England's and Romania's players take a knee before the international friendly soccer match between England and Romania in Middlesbrough, England, Sunday, June 6, 2021. An England fan wears a flag outside a stadium in Middlesbrough, England, during an international friendly match between England and Austria. Some England fans have been booing players taking a knee, to call attention to racial injustice, sparking criticism. Alex Pantling / The FA via Getty ImagesThe reputation of English soccer fans often precedes them — boisterous, vocal and at times responsible for hooliganism abroad. It also found just over half of soccer fans in England (54 percent) supported the gesture.
Persons: Boris Johnson, Paul Ellis, Johnson, , Brendan Clarke, Smith, Andy Westwood, Westwood, Alex Pantling, Gareth Southgate, Southgate, Henry Winter, Southgate's missive, They've, Leon Mann, Ireland's, ina, Mann, England's Ollie Robinson, Robinson, Adreian Dennis, Ollie Robinson, Oliver Dowden, Dowden, Nigel Farage Organizations: NBC News, Conservative, NBC, University of Manchester, Conservative Party, European Union, Trump, England, Getty, Football Association, Free Lions, Football, Scottish, Championship, New Zealand, Twitter Locations: Britain, England, Romania, Middlesbrough, Italy, Turkey, Rome, Austria, Wales, Europe, Portugal, Spain, U.K, Budapest, Hungary, London, New, AFP, Britain's
Spanish child found tied to anchor died from drowning, autopsy finds
  + stars: | 2021-06-12 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A sign placed on a fence in memory of the missing girls in the Canary Islands is seen in Santa Cruz de Tenerife, Spain June 11, 2021. REUTERS/Borja SuarezThe child whose body was found inside a bag weighted down with an anchor in the ocean off the Spanish island of Tenerife died from drowning, an autopsy found on Saturday, as rescuers prepared to renew the maritime search for her infant sister. An autopsy found that Olivia died from pulmonary edema, or an excess of water in the lungs, according a statement from the Canary Islands Superior Court. Rescuers prepared to renew the hunt for Anna and her father after returning to port in Tenerife because of technical problems with the search vessel. Another empty sports bag was also found, a court statement said.
Persons: Borja Suarez, Tomas G, Olivia, Anna, Rescuers, Pedro Sanchez Organizations: REUTERS, Court, Thomson Locations: Santa Cruz de Tenerife, Spain, Tenerife, Costa Rica
Evidence is mounting that the four-day workweek could offer significant benefits by making employees happier and more productive. Making the transitionHickenlooper said he wanted to ensure productivity didn't take a hit when the company transitioned to the four-day workweek. The move to a four-day workweek also made a positive environmental impact. Out of the 13 employees Scroll had at the time, 100% said their relationships outside work improved and that they had been more productive. Before investing in a four-day workweek, Hickenlooper suggests putting effort into understanding how employees, and the company overall, work best.
Persons: Shane Hickenlooper, Hickenlooper, We've, ZipRecruiter, workweeks, workweek, Lindsey Chisholm Organizations: Microsoft Locations: Microsoft Japan, Spain
Spanish father 'killed daughters and dumped bodies at sea,' say investigators
  + stars: | 2021-06-12 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
A sign placed on a fence in memory of the missing girls in the Canary Islands is seen in Santa Cruz de Tenerife, Spain June 11, 2021. REUTERS/Borja SuarezA father allegedly killed his two young daughters at his house before dumping their bodies at sea off the Spanish island of Tenerife, according to a preliminary judicial investigation published on Saturday into the case which has shocked the nation. The disappearance of the girls prompted angry demonstrations in cities across Spain on Friday. The suspect killed the children at his house in Tenerife on April 27, a court document said. He left the port in his boat again after midnight on April 28 and has not been seen, they said.
Persons: Borja Suarez, Pedro Sanchez, Tomás, Olivia, Anna, Tómas G Organizations: REUTERS, Court, Thomson Locations: Santa Cruz de Tenerife, Spain, Tenerife, Costa Rica
MADRID (Reuters) - A Spanish court on Friday postponed a hearing in the dispute between Santander and Italian banker Andrea Orcel over a withdrawn offer to make him chief executive, potentially spelling a lengthy delay in the long-running case. FILE PHOTO: Italian banker Andrea Orcel and Banco Santander's chairwoman Ana Patricia Botin attend a trial in a high court in Madrid, Spain, May 19, 2021. This has to be done first before setting a new date for the hearing, hence a potential long delay, the first source said. The court, Santander and Orcel’s legal team all declined to comment on the postponement and next steps in the case. OFFER LETTERSources have said that Weber was a key figure in the case, which involved UBS refusing to reduce a buyout payment to Orcel.
Persons: Andrea Orcel, Ana Patricia Botin, Juan Medina, Orcel, Axel Weber, Mark Shelton, Santander, Javier Sanchez Beltran, Weber, Shelton, Jaime Perez Renovales, Roberto di Bernardini, Ana Botin Organizations: Banco, REUTERS, Santander, UBS, Reuters, Switzerland’s Locations: MADRID, Santander, Madrid, Spain, Switzerland, Spanish, UniCredit
REUTERS/Loren Elliott/File PhotoHOUSTON/NEW YORK (Reuters) - Exxon Mobil Corp has lost two top crude oil traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group. Exxon last year reversed course on a major expansion of its oil and petroleum products trading as oil demand tumbled during the pandemic. Paradise was a highly regarded crude oil trader who joined Exxon from Noble Group. He earlier was director of crude oil trading at Citigroup and BNP Paribas. Buller joined Exxon in late 2019 after trading oil for Petrolama Energy Canada and Spain’s Repsol.
Persons: Loren Elliott, Michael Paradise, Adam Buller, Spain’s Organizations: Exxon, REUTERS, HOUSTON, Exxon Mobil Corp, Noble Group, Citigroup, BNP, Buller, Petrolama Energy, BG Group, Reuters Locations: Houston , Texas, U.S
Facebook says remote working move could slow jobs growth in Ireland
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Clodagh Kilcoyne/File PhotoFacebook (FB.O) still plans to "aggressively" grow staff numbers in its European headquarters in Ireland but a company-wide policy allowing permanent remote work from other countries could slow that growth over time, its Irish chief said on Friday. Ireland's economy is hugely reliant on multinational firms that employ around one in eight Irish workers and any move to facilitate remote working abroad would add to the challenge already posed by a planned global corporate tax overhaul. Facebook Ireland's Gareth Lambe said it was still working out how many Irish-based employees would be eligible to take advantage of the policy. "This won't have on balance a material impact on the growth of employment for Facebook in Ireland," he said, referring to the remote working policy. However those permanently relocating abroad would no longer pay income tax in Ireland.
Persons: Clodagh, Gareth Lambe, Lambe, Paschal Donohoe Organizations: REUTERS, Facebook, RTE, Irish, Thomson Locations: Dublin, Ireland, France, Germany, Italy, Netherlands, Poland, Spain, United Kingdom, Canada, Facebook's, Europe, Middle East, Africa
Yet the U.S. is now leaning on the state to transform the economy by giving trillions of dollars to consumers and even taking a more direct hand in industrial planning. In government-loving Europe, political limitations may prevent a comparable economic boost. Analysts expect Europe to bounce back strongly from Covid-19 but, unlike in the U.S., they forecast permanent economic damage. Spanish officials believe it could boost economic growth by 2 percentage points a year. Investors should welcome Europe’s turn away from austerity policies, but remain skeptical of fixes for its lopsided economy.
Persons: Alexander Hamilton’s, , Alberto Sibaja, Sweden’s Northvolt Organizations: European Union, Treasury, Manufactures, U.S . Senate, EU, Harvard Kennedy School of Government’s, Economic, Zuma Locations: U.S, Europe, European, Covid, Spain, Italy, offshoring, China, East Asia, underdevelopment, Northern Europe, India, Turkey, Barcelona, Madrid
Aussie food fight finish augurs more M&A battles
  + stars: | 2021-06-11 | by ( ) www.reuters.com sentiment -0.94   time to read: +1 min
A reveller gives a thumbs up as he lies in tomato pulp during the annual "La Tomatina" food fight festival in Bunol, near Valencia, Spain, August 28, 2019. The fight added 33% to the headline price for the owner of berry, citrus and avocado farmland. These include the A$8.4 billion ($6.5 billion) gamble for casino operator Crown Resorts (CWN.AX) and the A$4 billion chase for Tabcorp’s (TAH.AX) wagering and gaming unit . Just a year after severe water shortages and bushfires, farmer confidence and demand for tractors are at or near years-long highs as commodity and livestock prices soar. Macquarie at least had some financial advantages read more in its A$357 million food fight with Roc.
Persons: won’t, Antony Currie Organizations: REUTERS, Roc Partners, Crown Resorts, Big Tech Locations: Bunol, Valencia, Spain, France
Lufthansa's low-cost airline Eurowings to open Prague base
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.99   time to read: +1 min
FILE PHOTO:Eurowings airliner lands at Palma de Mallorca Airport following Berlin's lifted quarantine requirement for travellers returning from the Balearic Islands amid the coronavirus disease (COVID-19) pandemic, Palma de Mallorca, Spain March 21, 2021. REUTERS/Enrique CalvoGerman airline Lufthansa's (LHAG.DE) said on Friday its budget carrier Eurowings would open a new base in Prague with two aircraft in October, in a sign of growing confidence in the recovery of air travel as COVID-19 curbs ease. Eurowings will station two Airbus A320 aircraft in the Czech capital from Oct. 31 and offer low-cost direct flights to major European cities like Barcelona, Milan and Copenhagen and holiday destinations such as the Canary Islands. From the summer of 2022, it will add a third aircraft to the base, which will create more than 100 new jobs. Our Standards: The Thomson Reuters Trust Principles.
Persons: Enrique Calvo Organizations: Palma de Mallorca, REUTERS, Airbus, Thomson Locations: Palma, Balearic, Palma de, Spain, Prague, Czech, Barcelona, Milan, Copenhagen, Canary
Europe’s Summer of Recovery Is More Fragile Than It Looks
  + stars: | 2021-06-11 | by ( Peter S. Goodman | ) www.nytimes.com + 0.56   time to read: +1 min
Countries that are heavily reliant on tourism appeared likely to benefit, among them Greece, Italy and Spain. None was better placed than Portugal, where — before the pandemic — tourism made up nearly one-fifth of overall economic activity, according to government data. “We are already starting to see a better public health picture, and so things are also improving in the economic picture,” said Ricardo Amaro, a senior economist at Oxford Economics. The British traditionally flock to Portugal as a respite from their often-dreary weather, much as New Yorkers use Florida to escape winter. Portugal received more than 2 million visitors from Britain in 2019, according to the national tourist board.
Persons: , Ricardo Amaro Organizations: Oxford Economics, Portugal Locations: Greece, Italy, Spain, Portugal, Florida, Britain, Algarve
REUTERS/Loren Elliott/File PhotoExxon Mobil Corp has lost two top crude oil traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group. Exxon last year reversed course on a major expansion of its oil and petroleum products trading as oil demand tumbled during the pandemic. Paradise was a highly regarded crude oil trader who joined Exxon from Noble Group. He earlier was director of crude oil trading at Citigroup and BNP Paribas. Buller joined Exxon in late 2019 after trading oil for Petrolama Energy Canada and Spain's Repsol.
Persons: Loren Elliott, Michael Paradise, Adam Buller, Spain's Organizations: Exxon, REUTERS, Exxon Mobil Corp, Noble Group, Citigroup, BNP, Buller, Petrolama Energy, BG Group, Reuters, Thomson Locations: Houston , Texas, U.S
Veteran oil traders Michael Paradise and Adam Buller, both of whom joined Exxon in 2019 after lengthy careers elsewhere, resigned last week, the people said. Paul Butcher, an oil trader in Britain, plans to leave in September, another person familiar with the operation said. Butcher was recruited in 2018 as a North Sea crude oil trader and adviser on accounting for transactions to its Leatherhead unit near London. VETERAN DEPARTURESParadise was a highly regarded crude oil trader who joined Exxon from Noble Group (NOBG.SI) and was previously director of crude oil trading at Citigroup Inc (C.N) and BNP Paribas (BNPP.PA). Buller joined Exxon in late 2019 after trading oil for Petrolama Energy Canada and Spain's Repsol SA (REP.MC).
Persons: Loren Elliott, Michael Paradise, Adam Buller, Paul Butcher, Butcher, We’re, Casey Norton, Buller Organizations: Exxon, REUTERS, Exxon Mobil Corp, British, BP Plc, Glencore, Vitol SA, Noble Group, Citigroup Inc, BNP, Petrolama Energy, Spain's Repsol SA, BG Group, Royal, BP, Reuters, Thomson Locations: Houston , Texas, U.S, Britain, Leatherhead, London, Knoxville , Tennessee, North America, Paradise, Buller, Royal Dutch
Overall, a median of 74 percent has confidence in Biden to “do the right thing” in world affairs, according to Pew. But 44 percent in Taiwan and 43 percent in Greece say the U.S. is not very or not at all reliable, the survey found. And favorability in Taiwan is down slightly from 68 percent to 61 percent, compared to a 2019 Pew poll. However, a median of only 50 percent of respondents said in the Pew survey that they believe American democracy is working well. Pew noted that when former President Barack Obama took office in 2009, favorability increased compared to George W. Bush’s administration.
Persons: Donald Trump, Joe Biden, Biden, They're, , Pew . Pew, , America’s, Pew, Barack Obama, George W, Trump, favorability Organizations: Pew Research, Trump, Pew ., White House, U.S Locations: Europe, France, Germany, Italy, Netherlands, North America, Asia, Pacific, Britain, United States, Australia, Belgium, Canada, Greece, Japan, New Zealand, Singapore, South Korea, Spain, Sweden, Taiwan, U.S, New Zealanders, American
(Reuters) - Private equity firms Eurazeo and Infravia are launching an auction for Reden in a deal that could value the French solar group at up to 2 billion euros ($2.4 billion), three sources familiar with the matter told Reuters. Investors are clamouring for businesses that can help the world’s economies shift away from fossil fuels and stave off potentially catastrophic climate change. Founded in 2008 in Roquefort, southern France, Reden develops, builds and operates photovoltaic solar plants in France, Portugal, Spain, Puerto Rico, Chile and Mexico. Infrastructure investors and pension funds would be the most likely candidates to take Reden off their hands, one of the sources said. Reden raked in 105 million euros in core earnings in 2020 and the company’s equity value is 250 million euros, according to the information sheet.
Persons: Nomura, Wood Mackenzie, Reden, Eurazeo Organizations: Reuters, Reden, Investors, Citi, Nomura, European Union Locations: Infravia, Roquefort, France, Portugal, Spain, Puerto Rico, Chile, Mexico
(Reuters) -Private equity firms Eurazeo and Infravia are launching an auction for Reden in a deal that could value the French solar group at up to 2 billion euros ($2.4 billion), three sources familiar with the matter told Reuters. Investors are clamouring for businesses that can help the world’s economies shift away from fossil fuels and stave off potentially catastrophic climate change. Founded in 2008 in Roquefort, southern France, Reden develops, builds and operates photovoltaic solar plants in France, Portugal, Spain, Puerto Rico, Chile and Mexico. Infrastructure investors and pension funds would be the most likely candidates to take Reden off their hands, one of the sources said. Reden raked in 105 million euros in core earnings in 2020 and the company’s equity value is 250 million euros, according to the information sheet.
Persons: Reden, Nomura, Wood Mackenzie, Eurazeo Organizations: Reuters, Reden, Investors, Citi, Nomura, European Union Locations: Reden, Infravia, Roquefort, France, Portugal, Spain, Puerto Rico, Chile, Mexico
REUTERS/Gonzalo Fuentes/File PhotoItaly aims to spur total investments of more than one billion euros ($1.22 billion) to build an electric car battery factory with car maker Stellantis (STLA.MI) expected to play a leading role, three government sources told Reuters. But it is confident this could trigger further investments from industrial and financial partners to bring the total to more than one billion euros, the sources said. The document targets some 1.8 billion euros in funding by that date though one ministry source said this was unlikely. Stellantis, the world's fourth largest carmaker, currently has two gigafactory projects in Europe, in France and in Germany, with overall investments of 5 billion euros. read more"There's a lot of competition... we'll have to offer a strong strategy and a credible team," the ministry source said.
Persons: Gonzalo Fuentes, Stellantis, Roberto Cingolani Organizations: REUTERS, Reuters, Funds, Fiat Chrysler, PSA, Energy, ACC, Thomson Locations: Saint, Yvelines, Paris, France, Italy, Brussels, Rome, Europe, Germany, United States, Spain
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