London’s Heathrow airport publishes third runway masterplan
London Heathrow, the busiest airport in Europe, published its masterplan plan for expansion on Tuesday, including building a controversial third runway and new terminal facilities, at the start of a 12-week statutory consultation.
Factbox: Facebook’s new cryptocurrency Libra and digital wallet Calibra
Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.
Facebook reveals Libra cryptocurrency, with lofty goals
Facebook Inc plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.
From gas in Russia to China-bound plastics, Austria’s OMV shifts focus for growth
(Corrects name of Borealis CEO to Alfred Stern (not Achim Stern) in paragraph 22 in June 18 story.)
Draghi shock hits euro, boosts stocks
European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases.
Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles
Sweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
Northrop engine teams with Raytheon hypersonic program
Raytheon Co said on Tuesday it has teamed up with Northrop Grumman Corp to develop and produce engines for hypersonic weapons that can travel 4,000 miles per hour.
Volkswagen aims to boost in-house software development to 60% by 2025
Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called “Car.Software” by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.
Asia stocks edge up cautiously as Fed jitters build, Europe seen lower
Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices dipped as global growth worries overshadowed supply concerns.
Renault-Nissan alliance remains priority for French finance minister
Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday.
