News

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Tue, 23 Feb 2021 12:34:54 GMT

Bharti Airtel ties up with Qualcomm over 5G

On Tuesday, Bharti Airtel stated it would partner with the US chipmaker Qualcomm over the 5G services launch in India.

Tue, 23 Feb 2021 10:49:30 GMT

Facebook makes deal with Australia

On Tuesday, Facebook announced that the company would restore Australian pages, as it had made a deal with the Australian government.

Tue, 23 Feb 2021 10:05:37 GMT

Huawei sees full-year revenue growth

Huawei Technologies is expecting slight growth of its revenue and profit in 2020, meeting the company's expectations, despite US sanctions against China's telecom equipment maker.

Tue, 23 Feb 2021 09:19:19 GMT

Hyundai Motor rolls out Ioniq 5 EV

On Tuesday, South Korea's Hyundai Motor has launched the Ioniq 5 midsize electric crossover, its first electric vehicle, seeking the global demand for its green cars would jump by 2025.

Tue, 23 Feb 2021 08:35:24 GMT

Lucid Motors plans going public

Lucid Motors, the luxury electric carmaker, is planning to go public via a merger SPAC deal with Churchill Capital IV, taking the value of the combined firm to $24B.

Tue, 23 Feb 2021 06:13:38 GMT

US finalizes internet subsidy

The US government announced on Monday that it had finalized a $3.2 billion low-income internet subsidy law.

Tue, 23 Feb 2021 05:31:03 GMT

US approves stimulus bill

On Monday, the US House Budget Panel approved the $1.9 billion coronavirus stimulus bill.

Tue, 23 Feb 2021 04:14:43 GMT

BoE policymaker comments on interest rates

Gertjan Vlieghe stated on Monday that he does not expect interest rates to return to pre-2008 level during his lifetime.

Mon, 22 Feb 2021 21:41:06 GMT

Petrobaras shares drop due to Bolsonaro

On Monday, the share price for Petrobaras plummeted by 21%, as the President of Brazil Jair Bolsonaro replaced the state-owned company's CEO with an army general.

Mon, 22 Feb 2021 21:07:14 GMT

Goodyear set to buy Cooper Tire

Goodyear Tire & Rubber announced $2.8B deal to buy Cooper Tire, aiming strengthen its portfolio in the high-margin SUV and light truck segments and increase presence in the US and China.

Mon, 22 Feb 2021 19:59:31 GMT

Kohl's denies investors' bid for new controls

Kohl's Corp rejected a move by investor activist group to nominate nine directors to revive the department store chain's business, calling it the attempt to seize control of the board.

Mon, 22 Feb 2021 18:48:19 GMT

Mexican government supports Pemex

Mexico's government granted new financial aid to Petroleos Mexicanos worth $3.54B, to help shore up the state oil company's finances and crude output.

Mon, 22 Feb 2021 18:31:53 GMT

Alkami plans going public at $3B valuation

Alkami Technology chosen Goldman Sachs to manage preparations for an IPO of the US banking software provider later in 2021 that may value it at $3B, sources said.

Mon, 22 Feb 2021 17:20:46 GMT

Microsoft, EU team up amid Facebook-AU spat

Microsoft and European publishers urged EU regulators to demand online platforms to seek arbitration in disputes over revenue sharing amid the recent spat between Australia and Facebook.

Mon, 22 Feb 2021 16:32:46 GMT

Google to restart accepting US political ads

Alphabet's Google is set to resume accepting advertisements related to politics in the US from Feb. 24, after it paused such activity in January, Reuters reported.

Mon, 22 Feb 2021 15:15:57 GMT

Cryptocurrencies experience flash crash

On Monday, in a span of 30 minutes from 14:00 to 14:30 GMT, major cryptocurrencies experienced a sharp decline and an almost immediate recovery, as BTC/USD touched the 47,500.00 level and ETH/USD 1.532.02.

Mon, 22 Feb 2021 13:41:21 GMT

Goodyear to acquire Cooper Tire

On Monday, Goodyear is set to acquire Cooper Tire in a deal worth around $2.8B, seeking to double the company's presence in China and North America.

Mon, 22 Feb 2021 13:35:15 GMT

Adidas to restart paying dividends to shareholders

Adidas, the German sporting goods producer, is planning to resume payments of dividends to shareholders after the company has suspended the payouts in 2020.

Mon, 22 Feb 2021 12:29:13 GMT

Roblox resumes IPO plans

On Monday, Roblox Corp, the video game platform, has resumed its plans for a public listing, saying it sees its shares to begin trading on the NYSE on March 10, according to a regulatory filing.

Mon, 22 Feb 2021 11:17:24 GMT

Bitcoin retraces downwards

On Monday, after booking a new record high, the price for Bitcoin retreated to trade below the 55,000.00 price level.

Mon, 22 Feb 2021 09:50:00 GMT

IAG lifts liquidity by £2.45B

British Airways' owner IAG has raised its total liquidity by £2.45B pounds via deferred pension and loan contributions, continuing to consider other debt opportunities in order to boost its finances.

Mon, 22 Feb 2021 09:22:03 GMT

Alpha Bank set for €10.8B portfolio sale

Greece's Alpha Bank is set to sell its €10.8B impaired loans portfolio, as well as 80% of Cepal Holdings, the loan services provider, to the US fund Davidson Kempner.

Mon, 22 Feb 2021 08:00:29 GMT

Boeing recommends suspending 777s jets

Boeing has recommended to suspend the use of its 777 aircraft, which have the same Pratt & Whitney PW4000 engine that appeared to be faulty in one of the jets this weekend.

Mon, 22 Feb 2021 07:36:37 GMT

Baidu-Geely JV picks new CEO

China's carmaker Geely and search engine Baidu Inc hired Xia Yiping, the Mobike co-founder, as a new CEO of their electric vehicle joint venture, Baidu announced on Monday.

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