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Investro Tea: Week #34

According to IHS Markit, the scarcity of microchip supplies caused by the pandemic will slow down the industry next year as well.

The global shortage of semiconductors is expected to reduce global car production by up to 7.1 million vehicles this year. The shortage of chips is likely to stabilize in the second quarter of next year, and the industry will not recover until the second half of the year, according to IHS Markit. You can read more about it on Bloomberg .

If there is a company not affected by the microchip shortage then it is Boeing.

Boeing has pledged to invest in Richard Branson's Virgin Orbit as part of the company's $ 3.2 billion listings. You can read more at WSJ .

For those who might be wondering, Richard Branson is a billionaire and a founder of Virgin Galactic company, with which he personally visited Earth’s orbit for the first time in July this year. He managed to conquer space before Elon Musk and Jeff Bezos, his rival “space entrepreneurs”.

Although Jeff Bezos has officially left the management of Amazon, the company did not stop working without him. On the contrary, it continues to grow and currently prepares a number of innovations. At this point, Amazon plans to open several large “brick and mortar” stores to sell clothing, household goods, and others. With Amazon already running the Amazon Fresh grocery store chain, the question remains - Will this company’s new business endeavors thrive despite the tough competition of large supermarkets? You can read more about it here .

amazon fresh market Amazon Fresh, Source: dailynews.com

Regular Crypto news

After a long time, Bitcoin again exceeded the $ 50,000 mark, which is the highest value since May 15, but fell below shortly after.

Bitcoin yields since the beginning of the year are now at 70% and other cryptocurrencies in the top twenty are still growing. After all, we wrote about exceeding $ 50,000 a few days ago in our article .

“It has been doing really well in the U.S., We expect it’s going to do well in the U.K.” Jose Fernandez da Ponte, PayPal’s general manager for blockchain, crypto, and digital currencies

Jose Fernandez da Ponte, CEO of PayPal, commented yesterday on the company's announcement that it is launching a new service in the UK that will allow British customers to buy, hold and sell digital currencies through the PayPal platform.

PayPal is thus, in addition to Revolut and Visa, another big player allowing the use of cryptocurrencies. Read more about it in our article .

Jan is interested in business, technology and investment.

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