News

Note: This section contains information in English only.
Tue, 27 Apr 2021 09:00:08 GMT

Apple plans new campus

Apple is planning to build a new North Carolina campus, which would house up to 3K employees, and raise its spending goals with US suppliers.

Tue, 27 Apr 2021 07:52:23 GMT

VW Mexico sees production stoppages

Volkswagen's Mexico division is planning more of its output stoppages in May amid the global chip shortages, Germany's carmaker announced on Monday.

Tue, 27 Apr 2021 06:53:00 GMT

UBS posts 14% rise in Q1 profit

UBS reported on Tuesday its Q1 net profit rose as much as 14% due to surging client activity levels, however, marked its loss of $774M amid its debacle with the US investment company Archegos.

Tue, 27 Apr 2021 06:37:10 GMT

HSBC quarterly profit surges 79%

On Tuesday, HSBC Holdings reported better-than-anticipated quarterly profit and released $400M the company had set aside for covering the coronavirus-induced bad loans, amid successful launch of the COVID-19 vaccines.

Tue, 27 Apr 2021 05:00:06 GMT

Lyft sells tech to Toyota

On Monday, Lyft announced that it had sold its self-driving tech to Toyota for $550M US Dollars.

Tue, 27 Apr 2021 04:00:06 GMT

Tesla beats earning forecast

On Monday, the stock price of Tesla reacted to the higher than expected earnings of the company.

Mon, 26 Apr 2021 21:39:25 GMT

White House comments on capital gains

On Monday, the US government announced that its new capital gain tax would impact only 0.3% of US taxpayers.

Mon, 26 Apr 2021 21:30:21 GMT

US markets reach record high

During Monday's US trading hours, US stock indices reached a new record high, as Nasdaq and S&P 500 reached new high levels.

Mon, 26 Apr 2021 20:00:07 GMT

Apple to build new campus, expand operations

Apple Inc is set to build a new facility in North Carolina for up to 3K employees, expand operations in other states and increase spending targets with local suppliers.

Mon, 26 Apr 2021 19:05:29 GMT

Unilever to acquire Onnit

Unilever is set to acquire food supplement firm brand Onnit, joining its rivals, such as Nestle SA, in broadening its portfolio of brands focused on nutrition and health.

Mon, 26 Apr 2021 18:42:42 GMT

Spotify to increase prices across UK, US

Spotify Technology SA announced its intention to increase the prices over some of the subscription plans in the Uk and the US from April 30.

Mon, 26 Apr 2021 17:24:02 GMT

Michelin's sales up in Q1 on stronger demand

Tyre maker Michelin revealed a 2.3% increase in first-quarter sales to €5.45B, the first quarterly rise since the Q4 of 2019, before the pandemic.

Mon, 26 Apr 2021 16:00:07 GMT

Tesla to add recycling facilities

Tesla is planning to add new electric vehicle components recycling facilities at the Shanghai plant to reproduce and repair battery cells and electric motors, the US electric carmaker reported on Monday.

Mon, 26 Apr 2021 15:00:08 GMT

Apple to build $1.0B worth campus

On Monday, Apple announced its plans to build a new North Carolina campus that would house around 3K employees, as well as expand the company's operations in other parts of the United States and boost its spending goals with US suppliers.

Mon, 26 Apr 2021 14:00:07 GMT

US car dealers win from chip shortage

Unlike car manufacturing leaders, such as Ford Motor and General Motors, the US dealers are winning from the global chip shortage, as the deficit lifts their profit, as they charge a full price for the top-demanded trucks and SUVs.

Mon, 26 Apr 2021 13:00:09 GMT

WHO to review Moderna vaccine

Moderna's vaccine against COVID-19 is set to be reviewed by technical experts as soon as April 30 for potential WHO emergency listing, the World Health Organization said on Monday.

Mon, 26 Apr 2021 12:00:07 GMT

China to probe Meituan

On Monday, China's market regulator stated it had started an antitrust inquiry into Meituan, the Chinese food delivery giant, amid the country's widespread crackdown on extensive internet platform economy.

Mon, 26 Apr 2021 11:05:03 GMT

Bitcoin surges 8% on Monday

On Monday, Bitcoin soared 8% and was heading to snap the five-day losses, following the cryptocurrency's dramatic slump from its record-high jump earlier this month.

Mon, 26 Apr 2021 09:42:44 GMT

Global military expenditure soars

Global military spending surged by 2.6% to 1.98 trillion US Dollars in 2020 even, despite some defence funds being reallocated to battle the coronavirus pandemic, according to a SIPRI report published on Monday.

Mon, 26 Apr 2021 08:46:26 GMT

Philips raises 2021 outlook

On Monday, Philips reported a 74% surge in its Q1 profit and raised its 2021 forecast, as the COVID-19 pandemic boosts demand for the company's personal health appliances and hospital equipment.

Mon, 26 Apr 2021 08:22:14 GMT

EU to let visits for vaccinated Americans

The European Union is set to allow vaccinated US citizens to visit Europe this summer, easing current travel restrictions.

Mon, 26 Apr 2021 07:00:12 GMT

Super Group to go public via SPAC deal

Online bookmaker Betway's parent Super Group is planning to go public via a merger with Sports Entertainment Acquisition, the blank-check acquisition company, in a deal valued at around $5.0B.

Mon, 26 Apr 2021 06:03:10 GMT

Porsche to build EV battery cells plant

Porsche AG, Volkswagen's luxury sports carmaker, seeks to accelerate its e-mobility drive and build a plant in the southern Germany to manufacture electric vehicle battery cells, according to its CEO's statement.

Mon, 26 Apr 2021 05:00:06 GMT

Israeli imports from China increase

Israeli imports from China increased by 51.8% to $2.99B in the first three months of 2021, compared to the prior year, the Central Bureau of Statistics reports.

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