Ford plans to use the prototype vehicle, which it's calling the Mustang Mach-E 1400, as a proof of concept for the performance of all-electric vehicles as the crossover begins arriving in dealerships later this year.
UBS announced a net profit of $1.23 billion for the second quarter of 2020, down 11% from the same period last year ($1.4 billion) as the coronavirus pandemic weighed on earnings.
Investor sentiment was supported by a slew of positive news on the coronavirus vaccine front — the virus has infected more than 14 million people worldwide since late last year.
The crumbling relationship between Washington and Beijing has intensified following an attempt from the world's two largest economies to mend trade relations.
When it comes to betting on a post-coronavirus China, some of the country's largest property developers are concentrating on a few industry and demographic trends they expect will grow in the longer term.