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Gucci and Facebook file lawsuit against alleged counterfeiter for selling fake goods online

Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Groups such as Facebook are keen to make a bigger push into the luxury market and social commerce , but to do so they need to show that their platforms are not a conduit for counterfeiting and are safe for brands, some of which are reluctant to sell their products through third-party players.
More than one million pieces of content were removed from Facebook and Instagram in the first half of 2020, based on thousands of reports of counterfeit content from brand owners, including Gucci, the lawsuit statement said. ....

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LG's exit from smartphone business to benefit Samsung, analysts say

Apple tends to cater to the higher end of the (US) market; so it might grab a small portion of LG s sales, Gartner analyst Tuong Nguyen said. It s more likely that Samsung inherits a lot of it because both vendors compete across similar markets.
Globally, LG s market share shrank to 2 per cent in 2020, a massive drop from its status as the world s third-largest smartphone maker behind Samsung Electronics and Apple during its peak in 2013.
The company shipped 23 million phones last year, compared with Samsung s 256 million, according to Counterpoint.
Counterpoint analyst Tarun Pathak said LG was mostly competing in the mid-tier, as its flagship phones received tepid market response. ....

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Volkswagen to build six European gigafactories by 2030

Volkswagen, whose shares rose as much as 3.8 per cent, did not specifically say how much the plan will cost. It said in December that it planned to spend €35 billion ($41.7bn) on e-mobility as a whole by 2025.
The group had been a laggard on electrification until it admitted in 2015 to cheating on US diesel emissions tests and had to deal with new Chinese quotas for electric vehicles. It now has one of the most ambitious programmes in the industry.
Volkswagen said the European factories will have a joint production capacity of up to 240 gigawatt hours (GWh) a year, adding the first 40 GWh would come from Sweden s Northvolt, with production starting in 2023. ....

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Trump administration revokes licences of Huawei suppliers including Intel

The email noted that companies had been waiting many months for licensing
decisions, and with less than a week left in the administration, dealing with the denials was a challenge.
A spokesman for the semiconductor group did not respond to a request for comment.
Companies that received the intent to deny notices have 20 days to respond, and the Commerce Department has 45 days to advise them of any change in a decision or it becomes final.
Companies would then have another 45 days to appeal.
The US put Huawei on a Commerce Department entity list in May 2019, restricting suppliers from selling US goods and technology to it. ....

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Solar Energy Will Get a Boost This Year. Not All Stocks Will Benefit.

At the same time, Goldman raised
Enphase Energy
(ENPH) to Buy with a $232 price target, a 32% gain from Monday’s close after rising 513% over one year.
It’s a tale of two growth stories, the bank said. First Solar’s earnings and revenue have already peaked for this cycle, Goldman analyst Brian Lee said in a note on Monday night. Margins are expected to peak in the first half of this year.
First Solar is expected to report year-end 2020 profit of $3.62 a share, but the estimate for year-end 2021 is $3.44, according to FactSet. Year-end revenue is estimated to be $2.8 billion, which is running slightly below the $3 billion forecast for year-end 2021. ....

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