News

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Fri, 18 Jun 2021 11:00:06 GMT

BOJ unveils plan for climate change fight

The Bank of Japan has launched a new scheme on Friday to raise funding for battling climate change, joining other central banks that step up their efforts to address the financial and economic fallout.

Fri, 18 Jun 2021 09:51:02 GMT

India's Paytm awaits approval for new stock sale

Paytm, the Indian digital payments company, is seeking approval from shareholders for its $1.62B new stock sale, signalling potentially the largest-ever IPO worth $3B in the country.

Fri, 18 Jun 2021 07:00:07 GMT

Bristol-Myers, Eisai aim to develop cancer drug

Eisai Co and Bristol-Myers Squibb have clinched a deal worth up to $3.10B to jointly develop an experimental cancer treatment.

Fri, 18 Jun 2021 06:00:09 GMT

US safety agency launches probe into Tesla

The US auto safety agency has launched 30 probes into Tesla's crashes, which involved ten deaths since 2016, as the advanced driver assistance was suspected of use.

Fri, 18 Jun 2021 05:00:08 GMT

US senators propose tax credit for chip output

US senators have proposed earlier this week a tax credit worth 25% for investments in the semiconductor chip manufacturing due to Congress efforts to boost US chip production.

Fri, 18 Jun 2021 04:00:07 GMT

Google, AMD tie up over new service

Advanced Micro Devices and Google Cloud are set to cooperate over new cloud computing services that will be based on AMD-developed newest data centre chip.

Fri, 18 Jun 2021 03:00:07 GMT

Nvidia to make investment in supercomputer

Nvidia Corp's CEO stated that the company would invest at least $100M in the UK supercomputer.

Thu, 17 Jun 2021 23:32:53 GMT

Facebook rolls out Instagram Reels ads

Facebook has launched ads globally on the company-owned Instagram Reels, the tech giant announced earlier this week.

Thu, 17 Jun 2021 18:00:07 GMT

Volvo Cars to suspend Belgian output

On Thursday, Volvo Cars announced it would halt its production at the carmaker's Belgian plant for the whole next week due to the global semiconductor chips shortage.

Thu, 17 Jun 2021 17:00:06 GMT

Siemens to lift profitability, growth targets

Siemens, the German engineering group, is set to partly increase its profitability and growth targets, seeking to mitigate the pressure from investors, according to a Handelsblatt newspaper's report.

Thu, 17 Jun 2021 16:00:09 GMT

JPMorgan acquires Nutmeg

JPMorgan Chase has acquired Nutmeg, the UK digital wealth manager, as part of its expansion into the British investment market and retail banking.

Thu, 17 Jun 2021 15:00:07 GMT

Google Cloud, AMD to tie up

Advanced Micro Devices and Google Cloud are set to tie up over cloud computing services, which will be based on AMD's newly-developed data centre chips, companies announced on Thursday.

Thu, 17 Jun 2021 14:00:09 GMT

Dish Network picks Dell for 5G infrastructure

Dish Network seeks Dell Technologies to supply 5G network's key parts in the United States, the firms stated on Thursday.

Thu, 17 Jun 2021 13:00:09 GMT

ByteDance's gross profit surges 93%

ByteDance's gross profit skyrocketed 93% to $19B in 2020, while the TikTok owner's net loss for the last year totalled $45B, according to the Wall Street Journal report published on Thursday.

Thu, 17 Jun 2021 12:00:07 GMT

Ericsson wins contracts for 5G supply

On Thursday, Ericsson said it had won Vodafone contracts to supply its 5G core equipment in Britain and 5G core network in Germany.

Thu, 17 Jun 2021 11:00:08 GMT

Mazda to roll out 13 EVs by 2025

On Thursday, Japan's Mazda Motor announced it would launch 13 new electrified car models by 2025, including plug-in hybrids and hybrids, as the carmaker seeks to make all its vehicles electric by 2030.

Thu, 17 Jun 2021 09:49:57 GMT

Dollar extends surge

During Thursday's trading hours, the value of the US Dollar continued to surge due to the Federal Reserve hinting at upcoming rate hikes.

Thu, 17 Jun 2021 09:00:07 GMT

Apollo robotaxi service plans user growth

On Thursday, China's tech giant Baidu announced that Apollo, its smart driving division, aims to offer its robotaxi service to 3M users in China in 2023 by increasing its fleet to 3K units.

Thu, 17 Jun 2021 08:10:10 GMT

Microsoft appoints new chairman

Microsoft appointed its CEO Satya Nadella as the company's new chairman, replacing John Thompson, Reuters reported.

Thu, 17 Jun 2021 07:00:07 GMT

China launches antitrust probe into Didi

The Chinese market regulator launched an antitrust investigation into Didi Chuxing, in the time the ride-hailing firm is planning potentially the largest IPO in the US this year.

Thu, 17 Jun 2021 06:27:06 GMT

ByteDance posts surge in 2020 revenue

TikTok owner ByteDance reported its total 2020 revenue soared to $34.3B, while net loss for the same period widened to $45B, the company's memo showed.

Thu, 17 Jun 2021 05:00:08 GMT

Polestar to make electric SUVs at Volvo plant

Polestar, the premium EV maker owned by China's Geely and Volvo Cars, is set to build electric SUVs at Volvo's plant in the US starting in the second half of 2022.

Thu, 17 Jun 2021 04:00:07 GMT

EnCap, Quantum bid for EP Energy

Oil and gas producer EP Energy received a takeover bid from private equity companies including Quantum Energy Partners and EnCap Investments, sources said.

Thu, 17 Jun 2021 03:00:09 GMT

Blackstone to buy SOHO China in $3B deal

Blackstone Group is set to buy all shares in SOHO China for around $3.05B and maintain the company's stock market listing, the Chinese office developer stated.

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