News

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Fri, 23 Apr 2021 09:34:01 GMT

Honda seeks switching to EVs by 2040

Honda Motor aims to raise its ratio of fuel cell vehicles and electric vehicles to 100% by 2040, the carmaker's CEO Toshihiro Mibe announced on Friday.

Fri, 23 Apr 2021 08:00:08 GMT

SmartRent plans going public via SPAC deal

SmartRent.com, the home technology start-up backed by Amazon, announced it would go public via a $2.2B merger deal with a Fifth Wall-backed SPAC.

Fri, 23 Apr 2021 07:00:07 GMT

Facebook tests Instagram Reels ads

Facebook is eager to start testing ads in Instagram Reels in Australia, Germany, Brazil and India amid the social media company's intention to cash in on its short video feature.

Fri, 23 Apr 2021 06:00:07 GMT

Confluent plans IPO in US

The LinkedIn-backed real-time event streaming service Confluent has confidentially filed for the US initial public offering, seeking to capitalise from the on-going capital markets' boom.

Fri, 23 Apr 2021 05:00:08 GMT

Bosch expects growth this year

The world's biggest auto parts supplier Bosch stated it was expecting its profit and sales to grow in 2021, but warned about a semiconductor chip shortage that had affected global vehicle production.

Fri, 23 Apr 2021 04:00:08 GMT

Intel's PC chip sales soars

Intel Corp has raised the annual sales forecast on surging demand for PCs, while reporting its Q2 profit outlook missed analyst expectations on manufacturing costs.

Fri, 23 Apr 2021 03:00:06 GMT

Snap tops estimates for user growth

Snap reported it had added more users than Wall Street forecast, while also beating its revenue estimates, driven by higher demand after improving the app's Android version.

Fri, 23 Apr 2021 00:16:52 GMT

Silicon Labs plans automotive business sale

Silicon Laboratories is planning a sale of its automotive and infrastructure business unit to Skyworks Solutions in an all-cash deal worth $2.75B, sending its shares up 12.4% to $162.6.

Thu, 22 Apr 2021 20:00:06 GMT

LinkedIn-backed Confluent files for IPO

Confluent, the event streaming platform backed by LinkedIn, confidentially filed for the US initial public offering.

Thu, 22 Apr 2021 18:50:28 GMT

TSMC approves $2.8B for capacity increase

TSMC's board approved $2.89B in spending to expand capacity in response to a global chip shortage, which affected car manufacturers in particular.

Thu, 22 Apr 2021 18:29:22 GMT

Amazon's SmartRent to go public in SPAC deal

Amazon-backed startup SmartRent.com agreed to go public through a SPAC deal backed by venture capital company Fifth Wall, valuing the equity of the combined firm at around $2.2B.

Thu, 22 Apr 2021 17:00:06 GMT

Bosch sees stronger sales, profit in 2021

Bosch, the world's biggest car parts producer, announced its expectations for a 6% sales rise and 3% higher operating margin in 2021, though warned about the impact of semiconductor shortage.

Thu, 22 Apr 2021 15:10:15 GMT

Nestle, Amazon join plan to save forests

The US, Norway and the UK joined forces with corporations including Nestle and Amazon to launch a project targeted at protecting the world's tropical forests.

Thu, 22 Apr 2021 14:00:07 GMT

JLR temporarily halts UK production

On Thursday, Jaguar Land Rover reported it would halt two of its UK car plants starting from Monday amid the coronavirus-related supply chain disruption and the semiconductor chip shortage.

Thu, 22 Apr 2021 13:13:55 GMT

AT&T tops revenue forecasts

AT&T topped Wall Street's revenue estimates as the US economy reopening after the pandemic-caused restrictions helped to drive the company's media business and smartphone sales.

Thu, 22 Apr 2021 12:37:35 GMT

WPP aims at net zero carbon emissions

On Thursday, the world's biggest advertising company WPP is pledging to reach the goal of net-zero emissions as soon as 2025 by incorporating virtual production solutions.

Thu, 22 Apr 2021 11:34:55 GMT

Credit Suisse to raise capital

Credit Suisse is planning to attract over $2.0B to boost its capital base ahead of a further US investment fund Archegos hit as well as the prime brokerage unit's shrinking.

Thu, 22 Apr 2021 10:36:49 GMT

US halves emissions

On Wednesday, the US government stated that it would halve carbon emissions by 2030. The news are bound to impact energy stocks.

Thu, 22 Apr 2021 09:00:08 GMT

Airbus launches manufacturing shake-up

Airbus has launched its largest shake-up of the company's manufacturing network in over a decade, reorganising its large-parts activities in Germany and France ahead of its possible sale.

Thu, 22 Apr 2021 08:00:07 GMT

Intel CEO to meet officials in Europe

Intel's CEO Pat Gelsinger is set to travel to Europe for a meeting with the EU officials planned for the next week, the chipmaker confirmed earlier this week.

Thu, 22 Apr 2021 06:51:18 GMT

UiPath stock surges over 23%

The software maker UiPath's shares skyrocketed as much as 23.21% in their NYSE debut on Wednesday, signalling rising demand for high-growth technology stocks.

Thu, 22 Apr 2021 06:31:38 GMT

PicPay files for Nasdaq IPO

Batista brothers' Brazilian fintech start-up PicPay filed for an IPO on Nasdaq with the US SEC, an official filing showed.

Thu, 22 Apr 2021 04:00:10 GMT

Daimler slashes hours for 18K workers

Daimler is set to slash working hours for nearly 18.5K employees and temporarily suspend production at two factories in Germany amid a semiconductor chip shortage that hit global car production.

Thu, 22 Apr 2021 03:00:09 GMT

UiPath gets $34B valuation in NYSE debut

Automation technology startup UiPath's shares surged nearly 17% in their NYSE debut, giving the company a $34B market value.

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