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(Bloomberg) Deere & Co., the largest maker of agricultural machinery, raised its full-year fiscal outlook as surging crop prices boosted farmers’ demand for new equipment.
Net income for the year will be between $5.7 billion to $5.9 billion, up from a prior range of $5.3 billion to $5. ....
(Bloomberg) Airlines are owed almost $1 billion across 20 countries as governments seek to hang on to hard currency, depriving the industry of vital cash at a time when travel has been devastated by the coronavirus crisis. ....
(Bloomberg) Workers at a General Motors Co. truck plant in Mexico voted to cancel their union contract after the U.S. initiated a dispute against conditions at the factory, a historic victory for the North American free trade agreement. ....
(Bloomberg) The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next year, IHS Markit said. ....
Even as Amazon.com Inc. and Walmart Inc.’s Flipkart, weigh draft e-commerce rules that seek to restrict online marketplaces not just theirs, but also the planned super-app by India’s Tata Group a new existential threat lurks around the corner: a state-sponsored open network for digital commerce. Commerce Minister Piyush Goyal has set up a committee to “democratize digital commerce” and “provide alternatives to proprietary e-commerce sites,” according to a ministry press release. ....