News

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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.

Wed, 07 Apr 2021 09:00:08 GMT

Nokia, Lenovo reach patent settlement

Nokia has settled is multi-year-long fight with the world's largest PC maker Lenovo Group over the alleged patent infringement, both companies announced on Wednesday.

Wed, 07 Apr 2021 08:10:06 GMT

G20 set to meet on Wednesday

On Wednesday, G20's finance officials are set for a meeting to back a $650B boost in the emergency reserves of the IMF and prolong the freeze on the countries' debt payments amid the coronavirus pandemic.

Wed, 07 Apr 2021 06:57:33 GMT

Toshiba explores $20B take-private deal

Japan's Toshiba Corp is exploring a $20B take-private offer from CVC Capital Partners, the private equity firm, as the company faces activist shareholders' pressure to improve governance.

Wed, 07 Apr 2021 06:38:01 GMT

Samsung Elec sees Q1 profit rising 44%

On Wednesday, Samsung Electronics stated its Q1 profit likely surged 44%, in line with analysts expectations.

Wed, 07 Apr 2021 05:00:09 GMT

Egypt considers expansion of Suez Canal

On Tuesday, the chairman of the Egyptian Suez Canal Authority Osama Rabie announced that Egypt is considering the expansion of the Suez Canal southern channel.

Wed, 07 Apr 2021 04:00:08 GMT

IMF comments on US equity market

US stock markets will continue expanding in the short to medium term, the International Monetary Fund said in its Global Financial Stability Report on Tuesday.

Wed, 07 Apr 2021 03:00:07 GMT

US job openings grow in February

As reported by the US Labor Department on Tuesday, job openings, a measure of labor demand in the United States, increased to 7.4 million in February.

Wed, 07 Apr 2021 01:28:17 GMT

US Dollar jumps from two-week lows

On Tuesday, the US Dollar bounced from two-week lows, as investors and traders bet that the US economy would recover faster from the pandemic than other developed countries.

Tue, 06 Apr 2021 20:00:06 GMT

Intel unveils new data centre chip

On Tuesday, Intel Corp has introduced its new data centre microprocessor, with hopes that its in-house production operations will help navigate the global chip shortage and better compete against its rival AMD's faster chips.

Tue, 06 Apr 2021 19:00:07 GMT

GM to make Chevrolet Silverado EVs

General Motors is planning to build the Chevrolet-branded Silverado electric pickups at its first EV assembly plant based in Michigan, the US carmaker stated on Tuesday.

Tue, 06 Apr 2021 17:41:05 GMT

Etihad begins direct flights to Israel

Abu Dhabi's Etihad Airways has started direct passenger flights to Israel's Tel Aviv from the UAE capital, as two countries established diplomatic ties last year.

Tue, 06 Apr 2021 17:01:29 GMT

Nike wins suspension of 'Satan Shoes' sales

Nike has won a temporary suspension of the sales of "Satan Shoes", the Brooklyn company had produced in cooperation with Lil Nas X, due to potential trademark infringement.

Tue, 06 Apr 2021 16:20:05 GMT

Qatar Airways looks at Boeing 777X freighter

Qatar Airways stated it was interested in Boeing's potential new 777X freighter, calling on the engine manufacturer GE to start investing in future technology amid pressure put on airlines over emission cuts.

Tue, 06 Apr 2021 15:00:07 GMT

British Airways seeks resuming flights in May

British Airways CEO Sean Doyle is optimistic about reviving international travel from May 17 despite Britain's warning it was still unclear whether holidays could resume.

Tue, 06 Apr 2021 14:06:57 GMT

Carrefour partners with Deliveroo

Carrefour, Europe's biggest retailer, announced on Tuesday it had partnered with Deliveroo to expand the express grocery delivery in less than half an hour to their customers' homes in France.

Tue, 06 Apr 2021 13:33:44 GMT

Taco Bell to add 5K new employees

On Tuesday, Yum Brands's Taco Bell announced it would hire 5K employees at the April job fair, seeking to back the restaurant planned expansion in the United States.

Tue, 06 Apr 2021 12:36:09 GMT

Norwegian Cruise to resume trips in July

On Tuesday, Norwegian Cruise Line Holdings is set to start sailing outside the US from Greek Isles and the Caribbean in July, resuming trips following a year-long suspension due to the COVID-19 pandemic.

Tue, 06 Apr 2021 11:14:09 GMT

Oil surges on Tuesday

On Tuesday, oil prices surged on strong US and China economic data, offsetting losses from the prior session amid rising OPEC+ supply.

Tue, 06 Apr 2021 09:19:52 GMT

LG Elec quits smartphone business

South Korea's LG Electronics is planning to exit the smartphones business, it announced earlier this week, with the tech company's fans ruing the loss of its Android-based devices that came at affordable prices.

Tue, 06 Apr 2021 08:00:07 GMT

BP sees hitting $35B net debt target in Q1

BP is expecting to hit the $35B net debt target for the current year's Q1, driven by earlier-than-anticipated disposal proceeds and a very robust quarter.

Tue, 06 Apr 2021 06:52:17 GMT

KKR attracts $15B in Asia's largest fund

On Tuesday, KKR & Co, the private equity powerhouse, has raised $15B in the biggest Asia-Pacific fund amid the surge in buyout-backed deals.

Tue, 06 Apr 2021 06:36:21 GMT

US auto industry seeks government help

The US car industry group called on the government to provide aid after warning the global semiconductor chip shortage could affect vehicle production and result in 1.28M fewer cars made this year, disrupting output for another half a year.

Tue, 06 Apr 2021 04:00:10 GMT

Wall Street surges on Monday

During Monday's trading, US stock indices surged, as good US economic data boosted stocks.

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