News

Note: This section contains information in English only.
Fri, 04 Sep 2020 04:41:14 GMT

GM, Honda team up over car development

General Motors and Japan's Honda Motor are set to form a strategic alliance in North America, aiming to jointly develop new vehicle range, according to the recent statement made by the US automaker.

Fri, 04 Sep 2020 03:46:50 GMT

Juul announces major job cuts

Juul Labs announced "significant" job cuts across the world, exploring options to exit some Asia-Pacific and European markets due to the company's intention to save cash.

Fri, 04 Sep 2020 03:14:17 GMT

Jeep launches Wagoneer SUVs

Fiat Chrysler Automobiles rolled out its new sport utility vehicles, Grand Wagoneer and Jeep Wagoneer, challenging its rival General Motors, Reuters reported.

Thu, 03 Sep 2020 23:18:30 GMT

Toyota, Honda sales surge in August

Toyota Motor's China sales surged as much as 27.2% to 164,400 cars in August compared to the same month last year, while Honda Motor sold 148,636 units, up 19.7%, from the same period in 2019.

Thu, 03 Sep 2020 19:41:26 GMT

Ryanair aims to raise €400M

Ryanair is set to launch a share placement in a bid to raise €400M to help the company benefit from lower costs following the pandemic to expand its fleet.

Thu, 03 Sep 2020 18:46:33 GMT

QuantumScape goes public at $3.3B valuation

QuantumScape, the startup backed by Volkswagen, announced plans to go public through a reverse takeover with Kensington Capital Acquisition with $3.3B enterprise value.

Thu, 03 Sep 2020 17:45:32 GMT

Inditex launches online sales at Lefties

Zara-owner Inditex's budget brand Lefties launched online sales in Portugal and Spain, giving the label a digital privilege over Primark in its second-largest market.

Thu, 03 Sep 2020 16:46:14 GMT

Volta reveals electric truck

Sweden's startup Volta Trucks revealed the 16-tonne electric truck Volta Zero and announced plans to start production in 2022 in the UK.

Thu, 03 Sep 2020 15:41:47 GMT

EZ retail sales fall 1.3% in July

Euro zone retail sales declined 1.3% month-over-month, despite the lifting of coronavirus-related restrictions, with clothes and shoes leading the fall with double-digit decline.

Thu, 03 Sep 2020 15:04:09 GMT

Honda, GM team up to develop cars

General Motors and Honda Motor announced their intention to team up to make cars in North America, as carmakers came under pressure to meet demands for cleaner cars.

Thu, 03 Sep 2020 13:54:13 GMT

Campbell Soup sees falling sales in H2

On Thursday, Campbell Soup stated it was expecting the Q1 revenue above the estimates amid higher buying-demand during the pandemic, but added it forecast a drop in its sales in the H2 after easing the lockdown restrictions.

Thu, 03 Sep 2020 13:20:35 GMT

US unemployment claims fall over expectations

US initial jobless claims dropped more than anticipated to 881K last week, still remaining surprisingly high due to signs of a week recovery in the labour market as the coronavirus cases rise.

Thu, 03 Sep 2020 11:44:24 GMT

Nissan's China sales drop in August

Japan's Nissan Motor reported on Thursday its China sales plunged 2.4% in August to 126,592 vehicles, compared to the prior year's same period, and up 4.7% from July, marking the recovery after the coronavirus lockdowns.

Thu, 03 Sep 2020 10:49:58 GMT

Inditex launches online sales at Lefties

On Thursday, Spain's Inditex has launched online sales at Lefties, its little-known budget label, granting the brand digital advantage over Primark, the discount fashion chain, in the market.

Thu, 03 Sep 2020 10:03:04 GMT

Amazon creates UK jobs

On Thursday, Amazon Inc. announced that the company would create 7,000 new jobs in the United Kingdom.

Thu, 03 Sep 2020 08:45:37 GMT

Intel unveils new laptop chips

Intel Corp launched its new generation version of "Tiger Lake," the flagship laptop chip, hoping it will help regain its lost market share, as well as counter the forthcoming Apple's machines with its own chips.

Thu, 03 Sep 2020 08:32:41 GMT

Tencent shares drop more than 2%

On Thursday, shares of the Chinese social media and gaming giant Tencent dropped over 2% after India's ban of 118 mobile apps that also included the company's popular videogame PUBG.

Thu, 03 Sep 2020 05:55:18 GMT

JPMorgan first to aquire China securities JV's stake

JPMorgan has the right to be the first buyer of the 20% stake in the China securities joint venture for $26.02M, according to a filing seen on Thursday.

Thu, 03 Sep 2020 05:37:06 GMT

UAL plans to furlough 16,370 workers

United Airlines announced it was preparing for the 16,370 worker furloughs on October 1 after the federal aid expires, as the COVID-19 pandemic continues to destroy the airline industry.

Thu, 03 Sep 2020 05:29:21 GMT

Amazon, Verizon may invest in Vodafone Idea

Amazon.com Inc and Verizon Communications considered more than $4B in investments to buy a stake in India's Vodafone Idea Ltd.

Thu, 03 Sep 2020 03:48:38 GMT

Cogeco's investors reject bid from Altice USA

Canada's cable company's top investor rejected Altice USA Inc's $7.9B offer to snap up the Cogeco Inc's US assets and sell the rest to Rogers Communications Inc.

Thu, 03 Sep 2020 03:30:55 GMT

Japan's August Services PMI falls to 45.0

Activity in Japan's services sector weakened in August, with the Services PMI inching down to 45.0, as uncertainty from the COVID-19 pandemic weighed over sentiment.

Wed, 02 Sep 2020 20:42:31 GMT

Skillz to go public on NYSE through merger

Mobile gaming company Skillz Inc is set to float shares on the NYSE through the merger with blank-check firm Flying Eagle, which will value the firm at around $3.6B.

Wed, 02 Sep 2020 20:26:12 GMT

Unilever to remove fossil fuels from its products

Unilever Plc is set to invest €1B to remove fossil fuels from products by 2030, decreasing the carbon emissions created by the chemicals used in production.

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