Business - Page 261

The latest American Stock News Business News: breaking personal finance, company, financial and economic news, analysis into global markets

Elliptic Laboratories has been admitted to trading

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 The smart sensor company Elliptic Labs has today been admitted to trading on Merkur Market (ticker code: ELABS-ME). Elliptic Labs creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 100 million devices. Recently, the company raised NOK 125 million through a private placement. The placement attracted very strong interest from Norwegian and international investors, and was significantly oversubscribed, reported the company.

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BMW rolls out biggest over-the-air update by EU manufacturer

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BMW is once again underlining its leading role in digitalisation with the new Remote Software Upgrade. With the biggest and most extensive upgrade in the premium manufacturer’s history so far, more than 750,000 vehicles worldwide will receive the latest version of BMW Operating System 7 (version 07/20). It is also the largest over-the-air update ever

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Continued violence strains Colombia peace process

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Enormous challenges remain on the road to lasting peace in Colombia, where despite ongoing attacks and stigmatization, the vast majority of former FARC-EP fighters who laid down their weapons under a 2016 peace agreement with the Government, remain engaged in the reintegration process, the head of the UN mission in the South American country says.

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Hello RFR, goodbye LIBOR

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Despite the vast challenges caused by the coronarvirus pandemic, financial markets are continuing their preparation for a historic moment: from the end of next year risk-free rates (RFRs) will replace the London Interbank Offered Rate (LIBOR) for the calculation of interest rates.

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