News

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Fri, 05 Mar 2021 09:35:03 GMT

Japan household spending seen to drop

Household spending of Japan likely fell in January compared to the previous year, tumbling for the second consecutive month, after the state of emergency had been introduced to battle the coronavirus pandemic.

Fri, 05 Mar 2021 07:52:31 GMT

Stellantis plans Faurecia stake distribution

Stellantis announced it would distribute its car parts maker Faurecia's stake worth up to $368.46M to its shareholders.

Fri, 05 Mar 2021 07:36:37 GMT

Velodyne's David Hall resigns as director

Velodyne Lidar stated on Friday its founder David Hall stepped down as the company's director earlier this week, days after Hall had been removed as chairman.

Fri, 05 Mar 2021 05:52:53 GMT

Gap sees returning to sales growth

The apparel retailer Gap is expecting to return to its sales growth in 2021, as it forecasts Athleta brand's sales to double during the following two years and hopes the COVID-19 vaccines roll-out will boost stores traffic.

Fri, 05 Mar 2021 05:05:57 GMT

GM to build another US battery plant

General Motors stated it had entered talks over construction of the second battery plans in Tennessee with its South Korean JV partner LG Chem.

Fri, 05 Mar 2021 03:55:28 GMT

Ford criticised for pursuing battery deals

The US International Trade Commission criticised Ford Motor for pursuing SK Innovation battery deals after the South Korean EV battery maker had misappropriated its rival LG Chem's trade secrets.

Fri, 05 Mar 2021 01:26:01 GMT

Square agrees to buy Tidal for $297M

On Thursday, the payments firm Square agreed to acquire a majority stake of Tidal, the music streaming service owned by the rapper Jay-Z, for $297M in the deal that could bring the blockchain to masses.

Thu, 04 Mar 2021 20:44:29 GMT

Apple to face EU charges on Spotify complaint

Apple is likely to face EU antitrust charges in the following weeks after a complaint by rival Spotify that it unfairly promoted its own service for music streaming.

Thu, 04 Mar 2021 20:04:15 GMT

Siemens Energy to enter DAX index

Siemens Energy, the turbine supplier to the power industry, is expected to take place in Germany's blue-chip DAX index from March 22 instead of Nivea manufacturer Beiersdorf.

Thu, 04 Mar 2021 19:26:19 GMT

Exxon sues Macquarie to avoid $11.7M fees

Exxon Mobil sued Australia's Macquarie Energy in the Texas court to refrain from paying $11.7M for missed deliveries over the last month's winter freeze in the US.

Thu, 04 Mar 2021 17:44:09 GMT

Chevron to build carbon capture plant

Chevron has teamed up with Microsoft, Schlumberger and Clean Energy Systems over the construction of a carbon capture factory in California, expanding its investments in the renewable technology.

Thu, 04 Mar 2021 17:19:45 GMT

Foxconn marks robust start to year

Apple's supplier Foxconn is expecting its Q1 revenue to rise over 15% compared to the previous year, driven by robust iPhone sales and strong demand for electronic devices during global lockdowns.

Thu, 04 Mar 2021 15:37:53 GMT

OPEC+ ministers meet on Thursday

On Thursday, OPEC+ ministers have met to make a decision whether to agree on the output modest increase or keep it steady, while Russia and Saudi Arabia said that crude demand recovery remains fragile.

Thu, 04 Mar 2021 14:20:18 GMT

Altice's SFR to trim workforce in France

SFR, the Altice-owned French telecoms operator, is planning to reduce up to 1,700 job positions, which is around 11% of its workforce, in France this year, the company said.

Thu, 04 Mar 2021 13:22:49 GMT

WhatsApp adds new tools to desktop version

Facebook's WhatsApp added video calling and voice features to its desktop version, according to the company's statement made on Thursday.

Thu, 04 Mar 2021 12:19:08 GMT

Flipkart considers US listing

Walmart's e-commerce company Flipkart is considering US public listing via a SPAC merger, Bloomberg News report showed on Thursday.

Thu, 04 Mar 2021 11:02:23 GMT

UK investigates Apple app development

On Thursday, United Kingdom authorities announced that they have started an investigation into Apple's terms and conditions for application development.

Thu, 04 Mar 2021 10:34:31 GMT

Honda plans level 3 self-driving cars sale

On Thursday, Honda Motor announced a limited batch sale of the carmaker's Legend sedan with the level 3 self-driving technology equipment that enables cars to navigate the congested highways.

Thu, 04 Mar 2021 08:59:25 GMT

Exxon sues Macquarie over gas contract

Exxon Mobil has filed a $11.7B lawsuit over missed deliveries to the Australian firm Macquarie Energy caused by US winter freeze during February.

Thu, 04 Mar 2021 08:29:45 GMT

ByteDance to make Clubhouse-like app

ByteDance is developing a Clubhouse-like app aimed at Chinese users on the back of the US audio chat service's global success that inspires a copycat rush in the country.

Thu, 04 Mar 2021 06:40:33 GMT

Total considers all-electric LNG plant in Oman

Total examined building an all-electric LNG facility in Oman, aiming to reduce the fuel's greenhouse gas emissions, the French energy group said.

Thu, 04 Mar 2021 05:27:47 GMT

UK new car sales drop 36% in February

The UK new car registrations declined roughly 36% year-over-year in February, preliminary data showed, as showrooms remained closed during the lockdown.

Thu, 04 Mar 2021 04:29:34 GMT

Google to phase out cookies technology in 2022

Alphabet's Google is not set to build or use any alternate tools to track web browsing information after it phases out cookie technology from Chrome browser in 2022.

Wed, 03 Mar 2021 22:05:22 GMT

Exxon to curb spending, grow dividends

Exxon Mobil revealed plans to increase dividends and cut spending to improve financial returns and prepare for the energy transition to lower-carbon fuels.

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