News

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Thu, 08 Apr 2021 13:41:31 GMT

Kering completes Italian hub's first phase

Gucci owner Kering is on track with its new Italian global logistics hub, as the French luxury group seeks to increase its storage and accelerate global deliveries.

Thu, 08 Apr 2021 13:32:49 GMT

US markets open at ATH

The USA500 stock index started Thursday's US trading with a new all-time-high level, as the market opened above the 4,091.658 mark.

Thu, 08 Apr 2021 12:16:59 GMT

Cloud firm Box gets $500M KKR-led investment

On Thursday, the cloud services provider Box Inc announced it had received a $500M investment led by KKR, the private equity giant, with Box planning a stock buyback with the use of the majority of the funds.

Thu, 08 Apr 2021 11:23:37 GMT

European stocks hit record highs

On Thursday, Europe's stocks hit their record highs, driven by UK's optimism about easing coronavirus-caused lockdown restrictions, while positive projection for US interest rates pushed Wall Street to fresh peaks.

Thu, 08 Apr 2021 10:19:37 GMT

Biden changes housing rules

On Thursday, the US President Joe Biden stated that he would push legislation, which would allow the building of apartment buildings in single-family home zones.

Thu, 08 Apr 2021 08:42:26 GMT

Bang & Olufsen's Q3 sales rise 14%,

On Thursday, Bang & Olufsen reported a 14% surge in its Q3 sales through February, boosted by higher demand and marketing initiatives.

Thu, 08 Apr 2021 08:27:05 GMT

Apple's output delayed amid supply crunch

The production of Apple's iPads and MacBooks has been delayed due to the global shortage of components, according to the Nikkei report published on Thursday.

Thu, 08 Apr 2021 07:28:33 GMT

Toyota reveals new Mirai, Lexus models

On Thursday, Toyota Motor unveiled its new models of Mirai and Lexus in Japan, all equipped with the advanced driver assistance technology, amid rising competition to develop more connected and self-driving cars.

Thu, 08 Apr 2021 06:35:51 GMT

Uniqlo owner posts 23% surge in half-year profit

Fast Retailing, Uniqlo's Japanese owner, reported on Thursday its operating profit soared as much as 23% to $1.53B in half-year through February.

Thu, 08 Apr 2021 05:00:06 GMT

Twitter discusses $4B Clubhouse takeover

Twitter held negotiations in recent months to acquire Clubhouse at a $4B valuation, Bloomberg News stated, citing sources familiar with the matter.

Thu, 08 Apr 2021 04:00:08 GMT

GM tests technology for cutting battery costs

General Motors examined a variety of manufacturing processes and technologies aimed at cutting the cost of future EV batteries and reducing dependence on metals such as cobalt.

Thu, 08 Apr 2021 03:00:07 GMT

Exxon eyes selling elastic polymer business

Exxon Mobil examined a sale of Advanced Elastomer Systems division, likely valuing the elastic polymer producer at around $800M including debt, sources familiar with the matter said.

Wed, 07 Apr 2021 20:51:28 GMT

Uber, Lyft boost driver pay on higher demand

Uber Technologies and Lyft announced that the US drivers on their platforms earned significantly more than previously during the pandemic as demand exceeds driver supply.

Wed, 07 Apr 2021 20:00:09 GMT

Canada's Ivey PMI at 10-year high in March

Canadian economic activity grew at its quickest pace in 10-year period in March, with the Ivey PMI index reaching 72.9, above analysts' expectations for 60.5.

Wed, 07 Apr 2021 19:00:07 GMT

Nissan's China car sales up 70.6% in Q1

Nissan Motor's passenger and light car business in China increased unit sales 70.6% year-over-year, as it sold 352K cars in the first quarter of 2021, the company stated.

Wed, 07 Apr 2021 16:50:02 GMT

Amazon extends gains

During Wednesday's US trading hours, AMZN stock price surged by 2.07%, as it entered a fourth consecutive trading session of gains. Since March 31, the stock price had gained more than 7.55%.

Wed, 07 Apr 2021 16:44:45 GMT

Tesla cameras not activated in China

Cameras in Tesla cars were not activated outside of North America, the automaker stated, aiming to assuage security issues in the world's biggest car market.

Wed, 07 Apr 2021 16:00:06 GMT

AliExpress Russia considers IPO option

AliExpress Russia stated that an IPO was a likely step for the online retailer, which reported gross merchandise volume of $3B for the 2020-21 financial year.

Wed, 07 Apr 2021 14:44:04 GMT

Kavak reaches $4B valuation

Kavak, the Mexican used-car platform, hit a $4B valuation after raising $485M in new funding round, becoming one of the most valued startups in Latin America.

Wed, 07 Apr 2021 13:54:51 GMT

UPS to acquire electric aircraft

United Parcel Service is set to acquire 10 electric VTOL jets from Beta Technologies to cut its delivery time for small markets, the US package delivery firm announced on Wednesday.

Wed, 07 Apr 2021 13:37:51 GMT

US trade deficit widens to record high

The US trade deficit hit its record-high level of $71.1B in February amid a more rapid rebound in economic activity, while analysts anticipated it to widen to $70.5B.

Wed, 07 Apr 2021 12:36:10 GMT

Google's AI scientist Bengio quits

Samy Bengio, Google's research manager, has announced his resignation earlier this week due to his colleagues' firings after they questioned diversity practices and paper review.

Wed, 07 Apr 2021 11:31:47 GMT

Prosus to sell $15B worth Tencent stake

Prosus NV, the Dutch technology investment firm, is planning a 2% stake sale in the software titan Tencent worth around $15B, sending Prosus shares down 4% to €94.52 on the news.

Wed, 07 Apr 2021 10:19:36 GMT

General Motors aims to expand

As the stock price of General Motors hit a new all-time high, the CEO Mary Barra stated that the company could expand beyond automobile production.

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