News

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Fri, 19 Feb 2021 19:27:54 GMT

Canada retail sales drop 3.4% in December

Canada's retail sales declined 3.4% in December to C$53.38B, the biggest monthly fall since April, as coronavirus restrictions forced businesses to shut down.

Fri, 19 Feb 2021 18:13:12 GMT

Leonardo to raise nearly €2.1B in US listing

Italy's defence company Leonardo is set to raise about €2.1B from the NYSE listing of its US unit DRS, a source said.

Fri, 19 Feb 2021 16:41:07 GMT

US factory activity declines in February

The US factory activity slowed in February, as a global chip shortage affected production at automobile factories, while prices of manufactured goods and inputs increased.

Fri, 19 Feb 2021 16:34:31 GMT

US home sales grow unexpectedly in January

The home sales grew 0.6% to a seasonally adjusted rate of 6.69M units in January despite tight inventories fuelling house prices, the National Association of Realtors stated.

Fri, 19 Feb 2021 15:38:00 GMT

Italy's Eni to go green

On Friday, Eni, the Italian energy group, announced it would become carbon neutral by 2050.

Fri, 19 Feb 2021 14:27:54 GMT

Moscow to make buses fully electric

Russia's capital of Moscow is planning to go green by switching to electric buses, replacing all diesel and petrol-powered public transport vehicles by 2030, according to a top city transport official.

Fri, 19 Feb 2021 13:25:45 GMT

Honda's CEO to step down

On Friday, Japan's Honda Motor announced its CEO Takahiro Hachigo was set to step down and would be succeeded by the carmaker's R&D head Toshihiro Mibe on April 1.

Fri, 19 Feb 2021 11:44:39 GMT

Google appoints exec to oversee AI research

Alphabet's Google has appointed the executive Marian Croak to oversee the responsible artificial intelligence research, following staff unrest.

Fri, 19 Feb 2021 11:02:35 GMT

Renault stock plummets

On Friday, as Renault reported a record loss of $9.7 billion, the company's stock price plummeted more than 7.00%.

Fri, 19 Feb 2021 09:26:34 GMT

Allianz expects better results in 2021

Germany's Allianz is anticipating the 2021 results to be better than anticipated, after the worst year in nearly a decade, hit by the COVID-19 pandemic.

Fri, 19 Feb 2021 08:37:47 GMT

Canada asks Facebook to pay for news

Canada vowed it is planning to become the second country to require Facebook to pay for news, following Australia's government such a decision.

Fri, 19 Feb 2021 05:49:22 GMT

Carl Icahn considers buying FirstEnergy stake

Carl Icahn, the activist investor, is considering to acquire a FirstEnergy stake, according to the energy distributor's regulatory filing seen on Thursday.

Fri, 19 Feb 2021 05:00:52 GMT

Ford recalls 153k vehicles in Canada, US

Ford Motor has launched a recall of 153K vehicles in Canada and the United States over potential faulty Takata inflators.

Fri, 19 Feb 2021 03:55:30 GMT

Apple adds new tool to fight iMessage hacks

Apple unveiled a new security feature across the company's operating systems to fight iMessage hacks.

Fri, 19 Feb 2021 03:05:13 GMT

Dropbox plans subleasing office spaces

Dropbox is planning to sublease some offices amid the file hosting service's shift to remote work, the firm announced earlier this week.

Thu, 18 Feb 2021 21:22:35 GMT

Nissan plans £1B UK investment

Nissan is set to increase recent investment in its UK plant to more than £1B in the next years, as it unveils greener technology, the company stated.

Thu, 18 Feb 2021 20:06:33 GMT

Toyota to expand engine production

Toyota Motor stated that it is investing $210M to expand engine production in West Virginia and add new jobs.

Thu, 18 Feb 2021 19:29:04 GMT

Volkswagen considers Porsche listing

Volkswagen considered listing its Porsche AG unit to receive cash needed for the group's shift towards software and electric cars, a source familiar with the matter stated.

Thu, 18 Feb 2021 17:56:27 GMT

Wall Street's main indexes open lower

On Thursday, US stocks edged lower, as disappointing labour market data dampened expectations for a quick economic recovery.

Thu, 18 Feb 2021 16:57:36 GMT

US Dollar edges lower

On Thursday, the US Dollar lost ground against its peers, as an unexpected surge in weekly jobless claims dampened enthusiasm for a quick economic recovery.

Thu, 18 Feb 2021 15:58:43 GMT

Nestle to focus on growth

On Thursday, Nestle's Chief Executive Mark Schneider said that the company would put more emphasis on growth and acquisitions.

Thu, 18 Feb 2021 13:41:38 GMT

Bosch, Microsoft to develop new platform

On Thursday, Bosch stated it was set to join forces with Microsoft over a new software platform development for vehicles, seeking to expand in the rapidly growing market for automated driving technology and electromobility.

Thu, 18 Feb 2021 12:27:18 GMT

Baidu-Geely JV hires new CEO

China's carmaker Geely and the search engine firm Baidu appointed Xia Yiping, the Mobike co-founder, as a new Chief Executive Officer for their electric car joint venture.

Thu, 18 Feb 2021 11:16:47 GMT

Stocks surge on Thursday

During Thursday's European trading hours, stock indices surged, as mining companies lead a rally.

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