* GROUPE RENAULT AND GOOGLE CLOUD PARTNER TO ACCELERATE INDUSTRY 4.0. * GOOGLE CLOUD SAYS GROUPE RENAULT TEAMS UP WITH GOOGLE CLOUD TO ACCELERATE DIGITIZATION OF THEIR PRODUCTION FACILITIES AND SUPPLY CHAIN. * GOOGLE CLOUD SAYS TWO COMPANIES ALSO INTEND TO START A PROGRAM TO GROW GROUPE RENAULT EMPLOYEES' DIGITAL SKILLS AND COMPETENCIES Source text for Eikon:
The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers.
* Solar panel firms go digital as lockdowns hit sales. * New sales strategies cut costs as firms battle to survive. * Solar power seen as key driver in climate change fight. By Nichola Groom, Isla Binnie and Nina Chestney. The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers.
* PPI +0.4% month-on-month. * June CPI +2.5% y/y vs +2.5% tipped by Reuters poll. By Stella Qiu and Ryan Woo. China's factory gate prices fell for a fifth straight month in June as the coronavirus pandemic weighed heavily on industrial demand, although signs of a pickup in some parts of the sector suggest a slow economic recovery remains intact.
China's June factory gate prices fell in annual terms for the fifth consecutive month but at a slower-than-expected rate, official data showed on Thursday, reflecting recent signs of modest improvement in the manufacturing sector.
* May core orders rise 1.7% vs forecast -5.4% * Manufacturers' orders plunge 15.5%, service sector orders firm. * Analysts expect any rebound in orders to be fragile. By Leika Kihara. Japan's machinery orders unexpectedly rose in May, offering policymakers some comfort capital expenditure has held up despite the hit to corporate profits from the coronavirus pandemic.
Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatisation, according to a statement by the state grain buyer and privatisation centre. The long-awaited flour mills sale was one of the first privatisations the kingdom planned as part of a wide-reaching overhaul of its economy.
Brazilian retail sales jumped at record pace in May, official figures showed on Wednesday, suggesting the economy could be on a recovery path as authorities gradually lift social isolation measures taken to curb the spread of the novel coronavirus.
Britain's government will hand out vouchers worth 500 million pounds to the public to boost spending at restaurants, cafes and pubs that have been hit hard by the COVID-19 lockdown, finance minister Rishi Sunak said on Wednesday.
Britain will cut value-added tax on spending on hotels, restaurants and tourist attractions, and subsidise temporary discounts on eating out, to boost demand for services hardest hit by the COVID-19 lockdown, finance minister Rishi Sunak said on Wednesday.
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