News

Note: This section contains information in English only.
Wed, 09 Jun 2021 16:02:39 GMT

German economic sentiment declines

German economic sentiment declined slightly to 79.8 points in June, data published the Leibniz Centre for European Economic Research show.

Wed, 09 Jun 2021 15:21:19 GMT

China inflation rises

Inflation in China increased 1.3% in May, compared to the same period the previous year, a report published by the National Bureau of Statistics shows.

Wed, 09 Jun 2021 14:02:21 GMT

Bitcoin becomes legal tender in El Salvador

On Wednesday, El Salvador became the world's first country to formally approve bitcoin as a legal tender after the proposal made by the President Nayib Bukele had gained 62 votes out of 84.

Wed, 09 Jun 2021 13:19:11 GMT

Grab views SPAC merger postponed to Q4

Southeast Asia's Grab announced on Wednesday it is expecting its planned $40.0B merger deal with the SPAC firm Altimeter Growth to be delayed to the fourth quarter.

Wed, 09 Jun 2021 12:00:08 GMT

Solarwatt, BMW tie up over home batteries

Solarwatt and BMW are set to cooperate this fall over storage batteries sale amid the ongoing electric mobility and renewable power convergence, Solarwatt said on Wednesday.

Wed, 09 Jun 2021 10:44:14 GMT

Microsoft to sell products via experience stores

Microsoft is planning to sell its products through its experience centres based in New York, London and Sydney starting from July 1, following the global shutdown of the company's stores due to the pandemic.

Wed, 09 Jun 2021 10:00:06 GMT

Pandemic boosts smart gadgets use

Smart devices got the coronavirus-pandemic boost in the US household, indicating at 25 connected gadgets on average and compared to 11 pieces in 2019, including smart TVs, smartphones, laptops, headphones, streaming devices and gaming consoles.

Wed, 09 Jun 2021 09:00:14 GMT

Amazon to invest in Spanish data centres

Amazon will invest $3.04B in new open data centres in Spain in the middle of 2022, the US tech giant's website shows.

Wed, 09 Jun 2021 08:00:49 GMT

Cisco to roll out new tool for Webex

Cisco Systems is planning to launch new features Webex, such as adding quizzes and polls to meetings and background noise cancellation.

Wed, 09 Jun 2021 07:00:07 GMT

Amazon Pharm offers prescriptions from $6

Amazon Pharmacy has begun offering half-yearly prescriptions starting from $6 for the common-health-issues medications via its pharmacy, Reuters reported.

Wed, 09 Jun 2021 06:00:09 GMT

Berkshire invests $500M in Nubank

Brazil's Nubank received a $500M investment from Berkshire Hathaway and attracted an additional $250M from other investors, bringing the rapidly growing fintech company's valuation to $30B.

Wed, 09 Jun 2021 05:00:08 GMT

Nvidia asks approval from China for Arm deal

As reported by the Financial Times on Tuesday, Nvidia Corp has asked China's competition regulators to approve a $40 billion acquisition of the British chip designer Arm.

Wed, 09 Jun 2021 04:00:08 GMT

World Bank raises global growth forecasts

On Tuesday, the World Bank raised the global economy growth output to 5.6% in 2021, the strongest post-recession pace in 80 years.

Wed, 09 Jun 2021 03:00:08 GMT

Qatar Airways suspends A350 deliveries

On Tuesday, Qatar Airways announced that it would not take further deliveries of Airbus A350 aircraft due to dissatisfaction with the finish of the A350 jet.

Wed, 09 Jun 2021 02:00:10 GMT

US job openings hit record high in April

As reported by the US Labor Department on Tuesday, job openings, a measure of labour demand, rose by 998,000 to 9.3 million in April.

Tue, 08 Jun 2021 20:00:07 GMT

German manufacturers expect slower growth

German manufacturers expect slower production growth, a survey conducted by the ifo Institute shows.

Tue, 08 Jun 2021 19:00:08 GMT

Bosch opens new semiconductor factory

The German company Bosch opened its new semiconductor factory in the German state of Saxony, a statement published by the company shows.

Tue, 08 Jun 2021 18:00:06 GMT

Chile foreign trade rises

Chile's foreign trade increased 35% to $71.04B in the first five months of the current year, compared to the same period in 2020, the government reports.

Tue, 08 Jun 2021 17:00:06 GMT

Global economy to expand 5.6%

The global economy is expected to expand around 5.6% in 2021 according to the latest Global Economic Prospects released by the World Bank.

Tue, 08 Jun 2021 16:23:10 GMT

Japan key economic indicator rises

Japan's key economic indicator increased for the second consecutive month to 95.5 in April, government statistics show.

Tue, 08 Jun 2021 15:31:59 GMT

World Bank upgrades China growth forecast

The Chinese economy is expected to expand 8.5% in 2021, a 0.6% increase from the previous estimate, a report published by the World Bank Group shows.

Tue, 08 Jun 2021 14:00:07 GMT

KKR's unit plans merger with Contango

KKR's Independence Energy is planning an all-stock merger deal with Contango Oil & Gas to build a gas and oil company with an enterprise's value of around $5.7B.

Tue, 08 Jun 2021 13:00:08 GMT

Tesla's China car sales soar 29%

Tesla reported it had sold 33,463 Chinese electric vehicles last month, including exports, marking a 29% surge from April, data from the CPCA showed on Tuesday.

Tue, 08 Jun 2021 12:02:04 GMT

Ford to offer new hybrid compact pickup

On Tuesday, Ford Motor revealed its new compact pickup truck Maverick will be equipped with the gasoline-electric hybrid powertrain, with the truck's potential starting price to be below $20,000.

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