News

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Sat, 27 Mar 2021 06:00:07 GMT

Biden calls world leaders to summit

On Friday, the White House announced that the US President Joe Biden calls the leaders of 40 countries to a global climate summit.

Sat, 27 Mar 2021 05:00:09 GMT

Canadian deficit surges

The government of Canada announced on Friday that the national budget deficit had reached 268 billion Canadian Dollars.

Sat, 27 Mar 2021 04:00:08 GMT

Dollar remains near high level

On Friday, despite a minor decline the US Dollar remained near the recently reached 4-month high level.

Fri, 26 Mar 2021 21:43:39 GMT

Wall Street recovers

During Friday's US trading hours, US stock indices recovered due to a broad-based rally that occurred on all USD traded assets.

Fri, 26 Mar 2021 21:00:11 GMT

VW to claim damages from ex-CEOs

Volkswagen will seek damages from former CEO Martin Winterkorn and ex-Audi's CEO Rupert Stadler over the diesel gate emissions cheating scandal, the German automaker announced on Friday.

Fri, 26 Mar 2021 20:00:27 GMT

Crude oil prices surge over 3%

On Friday, crude oil prices edged higher over 3% on concerns that it could take days or even weeks to dislodge the 224,000-ton vessel blocking Egypt's Suez Canal.

Fri, 26 Mar 2021 19:00:06 GMT

Dominion Voting sues Fox News for $1.6B

On Friday, Dominion Voting Systems filed a $1.6B defamation lawsuit against Fox News over the 2020 election-fraud claims.

Fri, 26 Mar 2021 18:00:08 GMT

US consumer spending declines in February

As reported by the US Commerce Department on Friday, US consumer spending declined by 1% last month.

Fri, 26 Mar 2021 17:00:09 GMT

Citi picks Goldman's global diversity head

On Friday, Citi Group stated it had hired Goldman Sachs Group's executive Erika Irish Brown to head the bank's global diversity strategy.

Fri, 26 Mar 2021 16:23:45 GMT

WeWork to go public via SPAC deal

WeWork is planning to go public via a SPAC merger deal with BowX Acquisition, valuing the office-sharing start-up at $9B, it stated on Friday.

Fri, 26 Mar 2021 15:05:41 GMT

Wall Street indexes open higher

On Friday, the main indexes of Wall Street opened higher, after investors had bought undervalued bank and energy stocks, hoping for a robust economic recovery.

Fri, 26 Mar 2021 14:32:59 GMT

China's Meituan posts Q4 loss on Friday

Meituan, China's food delivery company, reported a Q4 loss on Friday after posting two quarters of profit in succession, as Maituan has expanded into the business of community group buying that relies on subsidies.

Fri, 26 Mar 2021 12:59:26 GMT

Nio to halt output amid chip shortage

On Friday, Сhina's EV maker Nio Inc announced it would temporarily suspend production at its Hefei factory for five labour days amid global semiconductor chip shortage.

Fri, 26 Mar 2021 12:35:08 GMT

Xiaomi to build EVs using GWM's plant

China's smartphone maker Xiaomi Corp is set to produce electric vehicles using a factory owned by Great Wall Motor, adding it to the list of tech companies, which have joined the smart mobility race.

Fri, 26 Mar 2021 11:04:00 GMT

US Dollar retraces downwards

During Friday's European trading hours, the US Dollar Index declined in a move that was seen as a consolidation in the aftermath of booking a new high level on Thursday.

Fri, 26 Mar 2021 10:23:35 GMT

Uber plans San Francisco offices reopening

Uber Technologies is planning to reopen its San Francisco offices with 20% capacity starting next week, allowing its staff to come back from a remote work on the "voluntary basis".

Fri, 26 Mar 2021 09:10:17 GMT

Saudi Aramco unveils new appointments

Saudi Aramco revealed new appointments for the company's top management positions that would be effective April 1, Reuters reported.

Fri, 26 Mar 2021 07:42:51 GMT

SunPower's Chief Exec to retire

SunPower, the US solar panel producer, announced it had hired the ex-Amazon.com executive Peter Faricy to succeed the company's CEO Tom Werner, who would retire after holding his post for 18 years.

Fri, 26 Mar 2021 06:51:53 GMT

Credit Suisse explores Greensill investor payout

Credit Suisse is exploring an option to compensate investors who were hit by the funds' collapse linked to Greensill, the insolvent finance firm, amid the lender's efforts of a damage-limitation exercise.

Fri, 26 Mar 2021 05:57:38 GMT

Ford to stop Mondeo sedan output in EU

Ford Motor is planning to gradually abandon its Mondeo sedan vehicle in Europe as soon as early 2022 amid the US carmaker's plan to shift to SUVs and electric cars.

Fri, 26 Mar 2021 05:03:03 GMT

Xiaomi flags marks surging chip costs

Xiaomi, China's smartphone maker, flagged surging costs caused by the global chip shortage, reporting its Q4 revenue below expectations, while the company's shares fell 9%.

Thu, 25 Mar 2021 22:23:49 GMT

Greenwood attracts $40M from big banks

Atlanta's digital banking start-up Greenwood announced on Thursday it had raised $40M from US financial institutions, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, etc.

Thu, 25 Mar 2021 20:43:19 GMT

EU fashion stocks fall amid Xinjiang row

On Thursday, shares of the EU fashion brands H&M, Inditex and Adidas dropped on the back of strong criticism faced on the Chinese social media over brands' past comments about Xinjiang labour conditions.

Thu, 25 Mar 2021 19:41:12 GMT

Nike, Adidas under attack over Xinjiang

On Thursday, Nike and Adidas faced heat on China's social media over their past comments about brands' labour conditions in the autonomous region of Xinjiang, reviving a diplomatic dispute between the West and China.

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