How Tesla defined a new era for the global auto industry

Tesla’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Tesla’s ascent took many investors by surprise. But executives at Daimler AG, the parent company of Mercedes-Benz, had a close-up view starting in 2009 of how Tesla and its chief executive Elon Musk were taking a new approach to building vehicles that challenged the established system.

Daimler, which bears the name of the man who invented the modern car 134 years ago, bought a nearly 10% Tesla stake in May 2009 in a deal which provided a $50 million lifeline for the struggling start-up.  

That investment gave Mercedes engineers an inside view of how Musk was willing to launch technology that wasn’t perfect, and then repeatedly upgrade it, using smartphone-style over-the-air updates,

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Is Global Ship Lease (GSL) a Good Value Investor Stock Now?

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Global Ship Lease, Inc. GSL stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in

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Global Payments Gains on Expanded Use of Electronic Payments

Global Payments Inc. GPN is set to grow in the long run on the back of increased global consumption and an uptrend in electronic payments as well as integrated payments.

The company’s intensified focus on strengthening its software-driven payments makes it stand out in the industry. Ongoing investments in technology led to the transition in the company’s business mix toward technology enablement, which is expected to represent 60% of its revenues (up from 30% in 2015) and fuel significant growth by the end of 2020 with a balanced portfolio across owned SaS, partnered software, and e-commerce and omnichannel assets.

The acquisitions of APT in 2012, PayPros in 2014 and Heartland in 2016 also expanded the company’s technology platform. Its open software arm was further extended by the buyouts of AdvancedMD and SICOM. Global Payments’ robust technology solutions will continue to set its class apart in the marketplace and position it

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China says US damaging global trade with Huawei sanctions

BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation.

Rules confirmed Monday by the Commerce Department block suppliers from using U.S. technology to produce processor chips and other components for Huawei. The company, China’s first global tech competitor, is the biggest supplier of switching equipment for phone companies and a leading smartphone brand.

The foreign ministry demanded the Trump administration “stop suppressing Chinese companies.”

Huawei Technologies Ltd. is at the center of a worsening row between Washington and Beijing over technology and security. U.S. officials say Huawei is a security risk, which the company denies, and are lobbying European and other allies to avoid its technology as they upgrade to next-generation networks.

The United States is “violating international trade rules, and undermining the global industrial

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What does it mean for the global climate change fight?

In this image made from UNTV video, Chinese President Xi Jinping speaks in a pre-recorded message during the 75th session of the United Nations General Assembly on Tuesday (AP)
In this image made from UNTV video, Chinese President Xi Jinping speaks in a pre-recorded message during the 75th session of the United Nations General Assembly on Tuesday (AP)

In front of a large painting of the Great Wall, one of China’s most impressive feats, President Xi Jinping took the United Nations General Assembly by surprise on Tuesday with an ambitious pledge.

“We aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060,” he told leaders at the annual gathering, which is largely taking place virtually due to the coronavirus pandemic.

“Humankind can no longer afford to ignore the repeated warnings of nature,” Xi said.

His promise could come to be a defining moment in the global climate crisis: The first time that China, the world’s largest emitter, pledged to stop adding to the global warming that is pushing the planet towards irreversible

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Global companies raise most funds for the month of August in a decade

By Scott Murdoch and Patturaja Murugaboopathy

(Reuters) – Companies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic.

Companies have raised $65.5 billion through initial public offerings (IPOs) and high-yield bond issuances globally so far in August, the highest for that month in at least 10 years, according to Refinitiv data. They raised $98.6 billion in July and $126.5 billion in June, which was the highest in 20 years.

Graphic: Monthly global IPO proceeds https://fingfx.thomsonreuters.com/gfx/mkt/dgkpllgrapb/Monthly%20global%20IPO%20proceeds.jpg

It comes as governments and central banks have made at least $15 trillion of stimulus available to help economies withstand the fallout of the coronavirus pandemic..

The fact that bankers and investors were working during the traditional August holiday month, due to coronavirus

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