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NORNICKEL: Arctic’s biggest air-polluter distributes $3,7 billion in 2018 cash dividends to owners

  • Date: 08-07-19
  • Category: NORNICKEL
  • Source: The Barent Observer

The annual General Meeting of Shareholders in Norilsk Nickel approved the final dividends for 2018 at 792,52 rubles ($12,25) per ordinary share, in total about $1,9 billion. This comes in addition to the interim dividends of $1,8 billion already set aside for the first six months of 2018.

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ESKOM: Eskom to name acting CEO when Phakamani Hadebe steps down month end

  • Date: 07-07-19
  • Category: ESKOM
  • Source: Biz News

(Bloomberg) – South Africa’s struggling state-owned power utility will name an acting chief executive officer when incumbent Phakamani Hadebe steps down at the end of the month, according to a person familiar with the decision.

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ELECTRIC VEHICLES: Jaguar to make multi-million pound electric car investment in UK plant

LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty.

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FUEL CELLS: Toyota to supply hydrogen fuel-cell tech to China's FAW, Higer Bus

  • Date: 05-07-19
  • Category: FUEL CELLS
  • Source: Reuters

BEIJING (Reuters) - Toyota Motor Corp will supply key hydrogen fuel-cell parts to Chinese automakers FAW and Higer Bus, as the Japanese automaker tries to promote the technology it continues to view as superior to rapidly spreading battery-powered vehicles.

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AUTO SALES: Midsize SUV demand dips on CO2 pinch; electrification key to rebound

  • Date: 05-07-19
  • Category: AUTO SALES
  • Source: Europe Auto News

The urgent need to lower vehicle emissions in Europe ahead of tougher CO2 rules that start to take effect next year is hitting sales of midsize SUVs.

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INDIA: Government hikes import duty on gold, silver, platinum from 10% to 12.5%

  • Date: 05-07-19
  • Category: INDIA
  • Source: The Hindu

The government on Friday proposed to increase import duty on precious metals, including gold, silver and platinum, a move which will make them expensive in the domestic market. Finance Minister Nirmala Sitharaman said in her Budget speech that “it is proposed to increase custom duty on gold and other precious metals from 10% to 12.5%.”

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BATTERIES: Growing anxiety over global EV battery shortages

  • Date: 05-07-19
  • Category: BATTERIES
  • Source: Tech Central

Automakers to trading houses from North America to Europe are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars, according to the developer of a US$1.5-billion project in Australia.

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ZIMBABWE: World Bank upgrades Zim status

  • Date: 05-07-19
  • Category: ZIMBABWE
  • Source: Zimbabwe Herald

The World Bank has upgraded Zimbabwe from a “Low Income Economy” to a “Lower Middle Income Economy”, signifying a positive shift that is in tandem with President Mnangagwa’s vision of transforming Zimbabwe into an “Upper Middle Income” economy by 2030. The classification of Zimbabwe as a lower-middle income economy is for the period 2019 to 2020 and is effective from July 1 this year.

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