Author: admin

  • Hayfin concludes profitable suezmax resales

    Hayfin concludes profitable suezmax resales

    UK-based Hayfin Capital Management has booked a tidy profit after offloading a pair of suezmax resales, brokers report. 

    The GH Pankhurst and GH Keller (both 158,000 dwt and scheduled for delivery in 2026 from HD Hyundai…

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  • DeepSeek founder Liang Wenfeng, 'deep diver' Du Mengran named to Nature's 2025 influential list – news.cgtn.com

    DeepSeek founder Liang Wenfeng, 'deep diver' Du Mengran named to Nature's 2025 influential list – news.cgtn.com

    1. DeepSeek founder Liang Wenfeng, ‘deep diver’ Du Mengran named to Nature’s 2025 influential list  news.cgtn.com
    2. This baby just snagged a title usually reserved for microbiologists and neuroscientists  9News.com.au
    3. Ten People Who Shaped Science In…

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  • Fed rate decision in focus for Stoxx 600, FTSE 100

    Fed rate decision in focus for Stoxx 600, FTSE 100

    FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019.

    Kai Pfaffenbach | Reuters

    European shares are expected to open mostly flat on Tuesday as global investors await the U.S. Federal Reserve’s monetary policy update.

    Futures tied to the pan-European Stoxx 50 were last seen trading flat, while those tied to the FTSE 100, DAX and CAC 40 indexes were also little changed.

    The Fed is widely expected to cut its key interest rate at its final meeting of the year. Money markets are currently pricing in an 87% chance of a quarter-point cut when the central bank wraps up its two-day meeting on Dec. 10, according to the CME’s FedWatch tool.

    The move will set the scene for central banks in Europe, with the Swiss National Bank set to deliver its own policy update on Thursday. The Bank of England and European Central Bank follow on Dec. 18, with Norway’s Norges Bank and Sweden’s Riksbank also scheduled to announce interest rate decisions on the same date.

    In corporate news, the European Union announced Tuesday that it had struck a deal to “simplify” corporate sustainability laws. Under the updated system, most companies in the EU will be exempt from complying with sustainability reporting.

    “Today we delivered on our promise to remove burdens and rules and boost EU’s competitiveness,” Marie Bjerre, minister for European affairs of Denmark, said in a statement. “This is an important step towards our common goal to create a more favourable business environment to help our companies grow and innovate.”

    Investors are also digesting comments from U.S. President Donald Trump, who said on Monday that the U.S. will allow Nvidia to ship its H200 AI chips to “approved customers” in China — if America gets a 25% cut of the proceeds.

    On Monday, the Magnum Ice Cream company debuted on the Amsterdam stock exchange, completing its spin-off from consumer goods giant Unilever. The stock rose slightly during the session.

    Tuesday will see data releases on German exports, Dutch inflation, and British retail sales.

    Overnight in Asia, stocks were broadly lower, while U.S. stock futures were last seen trading flat.

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  • Unmanned Vessels Eye Future Role in Naval Surveillance

    In recent years, blown-up gas pipelines and severed data cables have made it evident that conflicts no longer only take place on the traditional battlefield, but also on the seabed. If Denmark is to be better able to keep a watchful eye…

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  • Scratchcards, Storytelling and Strategy

    Scratchcards, Storytelling and Strategy

    Few marketers can transform consumers’ lives in an instant. But with The National Lottery delivering wins all day, every day across its portfolio of games, Steve Parkinson, Allwyn’s UK brand and marketing director, is also elevating the…

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  • How to Get 3 Stars in Season 1 Week 7 Trials

    How to Get 3 Stars in Season 1 Week 7 Trials

    The Season 1 Week 7 trials in ARC Raiders are live now, and here’s a comprehensive guide on how to get 3 stars in all challenges in this week’s trials.

    ARC Raiders is a newly released extraction shooter from Embark…

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  • Logan switches on Stevenage Christmas lights after snub

    Logan switches on Stevenage Christmas lights after snub

    A mother said it was “amazing” after her 13-year-old son, who missed out on switching on his town’s Christmas lights, was invited to do so at another event.

    In November, Logan’s appearance at the Stevenage light switch on had been advertised on…

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  • Why I am not optimistic 2026 F1 changes will work

    Why I am not optimistic 2026 F1 changes will work

    Formula One’s latest ground-effect era came to an end in Abu Dhabi on Sunday, with the regulations changing dramatically from 2026. The changes are all-encompassing affecting both the power units and the…

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  • Stellantis and Bolt Partner to Advance Large-Scale Deployment of Driverless Mobility in Europe

    Stellantis and Bolt Partner to Advance Large-Scale Deployment of Driverless Mobility in Europe

    • Collaboration leverages Stellantis’ AV-Ready Platforms™ for scalable Level 4 (driverless) deployment
    • Partnership marks next step in Bolt’s ambition to have 100,000 autonomous vehicles available on its shared mobility platform by 2035
    • Both companies share commitment to the highest safety, reliability, and cybersecurity standards in Europe
    • Trials to begin in European countries from 2026

    AMSTERDAM and TALLINN, Estonia – Stellantis and Bolt, Europe’s leading mobility platform, today announced they have entered a partnership to jointly explore the development and deployment of Level 4 (driverless) autonomous vehicles for commercial operations across Europe.

    The collaboration will combine Stellantis’ AV-Ready Platforms™ – specifically the eK0 medium size van and STLA Small platforms – with Bolt’s extensive mobility network. Bolt currently provides ride-hailing services in more than 50 countries including 23 EU Member States and aims to integrate Stellantis’ autonomous vehicles into its shared mobility platform to provide fully autonomous, driverless ride-hailing services.

    Stellantis’ AV-Ready Platforms™ are engineered for flexibility and scalability, integrating advanced sensor suites, high-performance computing and system redundancies to meet the highest safety and reliability standards while optimizing total cost of ownership for service operators, making them one of the most competitive solutions in the industry.

    The companies plan to begin deploying test vehicles for trials in European countries starting in 2026, with a strong focus on building a service that provides the highest safety and performance standards in Europe. Deployment will follow a phased approach, from prototypes and pilot fleets to progressive industrial scale-up, with an initial production target in 2029.

    Both companies will work closely with European regulators to support a responsible approach to testing, certification and scalable deployment, in full alignment with applicable safety, data protection and cybersecurity standards.

    Strategic Significance

    For Stellantis, this collaboration expands its growing partner ecosystem in Europe and advances its global driverless mobility strategy, leveraging AV-Ready Platforms™ designed for safe and reliable Level 4 deployment at scale.

    For Bolt, the partnership marks the next step towards its ambition of having 100,000 autonomous vehicles available on its shared mobility platform by 2035.

    Executive Quotes

    Antonio Filosa, CEO – Stellantis, said: “Our AV-Ready Platforms™ are designed for maximum flexibility, so we can deliver the best possible experience for European customers. Autonomous fleets can also contribute to a lower carbon footprint by enabling a shared and optimized mobility, reducing congestion and emissions. Partnering with Bolt is intended to bring this vision closer to reality, combining our engineering expertise with their operational reach in the hopes of making driverless mobility a trusted part of everyday life in Europe.

    Markus Villig, Founder and CEO – Bolt, said: “This partnership brings together two companies who understand the specific dynamics of operating in Europe. By combining Stellantis’ AV-Ready Platforms™ and our operational expertise, we plan to create the best autonomous vehicle offering that is tailored for European needs, in line with European standards, that millions of people will be able to use. The partnership marks the next step in our ambition to have 100,000 autonomous vehicles on the Bolt platform by 2035.

    Legal Disclaimer

    This Memorandum of Understanding is non-binding and reflects the current intent of the parties. Any future development, deployment, commercial terms, roles and responsibilities will be subject to the execution of separate definitive agreements, regulatory approvals and agreed technical and operational conditions.

     

     

    About Stellantis

    Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com.

     

    About Bolt

    Bolt is a European shared mobility platform that has operations in over 50 countries and 600 cities and provides shared mobility services including ride-hailing, scooter and e-bike rental and car rental to over 200 million customers. More than 4.5 million drivers use the Bolt platform around the world. The company seeks to accelerate the transition from owned cars to shared mobility, offering better alternatives for every use case.

    Contact: press@bolt.eu

     

     

    Stellantis Forward-Looking Statements

    This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.

    Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2024 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

    Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.

     

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  • Israeli forces raid UN Palestinian refugee agency building in East Jerusalem

    Israeli forces raid UN Palestinian refugee agency building in East Jerusalem

    UNRWA chief Philippe Lazzarini says Israel’s move creates dangerous precedent for UN worldwide

    Israeli authorities entered the UN Palestinian refugee…

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