News

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Fri, 02 Apr 2021 18:00:07 GMT

Japan, US to work together on chip supply

According to the Nikkei newspaper, the US and Japan agreed to cooperate on ensuring stable supply of chips' critical parts.

Fri, 02 Apr 2021 16:45:05 GMT

Turkey considers corporate tax hike

The Turkish ruling AK Party presented a proposal on Friday that presupposes corporate tax increase to 25% from 20%.

Fri, 02 Apr 2021 16:24:26 GMT

Tesla's deliveries beat expectations

The number of produced vehicles in Q4 2020 by Tesla Inc beated the Wall Street expectations because of high demand on less expensive models.

Fri, 02 Apr 2021 15:00:05 GMT

Airbus and Dassault reach deal on FCAS fighter

Partners including Dassault Aviation and Airbus reached a tentative agreement on the European FCAS fighter project, people close to the matter say.

Fri, 02 Apr 2021 14:00:06 GMT

Turkey auto sales rise

Sales of light commercial vehicles and passenger cars in Turkey rose 92.8% in March, compared to the same period in 2020, to 96,428 units, the Automotive Distributors Association reports.

Fri, 02 Apr 2021 13:00:07 GMT

Russian court fines Twitter

A Russian court fined Twitter over its failure to remove banned content and Russia slowed the speed of the service in the country.

Fri, 02 Apr 2021 12:30:04 GMT

Nikkei: Japan and US to cooperate on chip supply

The US and Japan plan to cooperate on the supply of chips with a potential agreement between the two countries later this month, the Nikkei newspaper reports.

Fri, 02 Apr 2021 11:29:47 GMT

Germany plans Beirut port reconstruction

Germany plans to present a proposal to rebuild the Port of Beirut to Lebanese authorities as a part of efforts to help the country after an explosion at the port in 2020. 

Fri, 02 Apr 2021 09:57:18 GMT

Tencent's Timi generates $10B revenue last year

The popular video games maker Timi Studios, owned by China's tech giant Tencent, generated its 2020 revenue of $10B, Reuters reported on Friday.

Fri, 02 Apr 2021 08:58:19 GMT

US manufacturing activity soars to 37-year high

The US manufacturing sector index hit its record-high level of 64.7 in over 37 years last month, compared to February's 60.8 reading, boosted by strong demand in new orders, ISM reported.

Fri, 02 Apr 2021 08:35:18 GMT

French growth suffers from new restrictions

France's Finance Minister Bruno Le Maire stated on Friday that the newly imposed coronavirus restrictions will affect the French economic growth in 2021.

Fri, 02 Apr 2021 07:00:07 GMT

UA to hire about 300 new pilots

United Airlines is planning to hire around 300 new pilots due to rebound in travel demand amid growing number of US citizens getting the COVID-19 vaccination.

Fri, 02 Apr 2021 06:00:07 GMT

US carmakers' Q1 sales rebound

US carmakers reported a bounce in their Q1 sales following the coronavirus-induced drop in 2020, according to the data published by IHS Markit.

Fri, 02 Apr 2021 05:00:08 GMT

Honda to resume output in North America

Honda Motor is set to revive normal production at its North American transmission, automobile and engine plants starting April 5, after the output cuts affected all of its US, Canadian and Mexican factories.

Fri, 02 Apr 2021 04:00:08 GMT

Nike wins 'Satan Shoes' sales' suspension

Nike won a temporary suspension to further sales of the "Satan Shoes", the company had produced as part of the collaboration with Lil Nas X, due to the alleged trademarks infringement.

Fri, 02 Apr 2021 03:00:07 GMT

Ford revives political donations

The political action committee of Ford Motor has resumed political donations, but will not make donations to the Republican lawmakers, who voted against the election certification of the President Joe Biden on January 6.

Thu, 01 Apr 2021 20:37:45 GMT

Elliott's Cohn nominated to Twitter board

On Thursday, Twitter said it would nominate Jesse Cohn, Elliott Management's head of the US equity activism, for the re-election to its board of members.

Thu, 01 Apr 2021 19:00:05 GMT

Industrial output in Brazil declines in February

As reported by statistics agency IBGE on Thursday, Brazil's industrial production declined by 0.70% in February.

Thu, 01 Apr 2021 17:02:25 GMT

Crude oil prices edge higher

On Thursday, crude oil prices edged higher. Brent crude futures rose by $1.02 or 1.6% to $63.76 a barrel by 13:39 GMT, while the US West Texas Intermediate crude futures surged by 2.1% to $60.39 per barrel.

Thu, 01 Apr 2021 17:01:56 GMT

S&P 500 tops 4000 mark

The S&P 500 index gained about 0.70% shortly after the market opened on Thursday, breaking above the 4,000 mark for the first time ever.

Thu, 01 Apr 2021 15:00:08 GMT

TSMC unveils plans to meet chip demand

On Thursday, TSMC, the contract chipmaker, stated it would make an investment worth $100B during the next three years to boost its plants' capacity in order to meet chip demand.

Thu, 01 Apr 2021 14:00:07 GMT

Ford, Mahindra end their collaboration

Ford Motor and Mahindra & Mahindra are set to end their collaboration on all projects in India due to the abandoned joint venture in the country.

Thu, 01 Apr 2021 13:00:08 GMT

Stellantis aims to triple EV sales in 2021

Stellantis is planning to triple global electric vehicle sales in the current year, according to a statement made by the head of its main shareholder Exor on Thursday.

Thu, 01 Apr 2021 12:20:51 GMT

UK's Next sees profit rebound

Next, the British fashion retailer, expects the 2021 profit bounce due to economic recovery following the COVID-19 pandemic last year.

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