Notizia

(Reuters) -Struggling British convenience store chain McColl's collapsed into administration on Friday, putting 16,000 jobs at risk after its lenders rejected a rescue deal from supermarket group and wholesale partner Morrisons.

"Our currency, your problem," were the words of a former U.S. Treasury secretary in 1971 to other finance ministers aghast at the dollar's surge. More than 50 years on, relentless dollar strength is again leaving a trail of destruction in its wake.

China's central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors which have been hit hard by COVID-19.

SHANGHAI (Reuters) -China's auto association estimates that sales in April dropped 48% year-on-year, as zero COVID-19 policies shut factories, limited traffic to showrooms and put the brakes on spending.

(Reuters) -Agricultural equipment maker AGCO Corp said on Friday it expects operations at some of its production facilities to be affected for "several days and potentially longer" following a ransomware attack.

Brazilian miner Vale SA said on Friday it has signed a long-term deal with Tesla Inc to supply the U.S.-based electric vehicle maker with nickel coming from its Canada operations.

Agricultural equipment maker AGCO Corp said on Friday it expects operations at some of its production facilities to be hit for "several days and potentially longer", after they faced a ransomware attack.

Faulty battery cells and modules have been identified as the leading cause of electric scooters catching fire in India in recent weeks, according to the findings of an initial federal investigation, two government sources told Reuters.

British convenience store chain McColl's said on Friday it had been placed under administration of accounting and consulting firm PriceWaterhouseCoopers, as it failed to get short-term funding from lenders to stay afloat.