News

Note: This section contains information in English only.
Wed, 28 Dec 2022 06:30:10 GMT

Chinese economy slows down

In November, the Chinese retail sales and factory output had slowed down as both missed monthly growth forecasts.

Tue, 27 Dec 2022 14:30:10 GMT

HSBC shareholders request dividend and spinoff

A group of HSBC retail stock holders have been seeking support to have a vote in the bank's annual meeting for the restoration of pre-covid dividends and an asset spinoff.

Tue, 27 Dec 2022 10:30:08 GMT

US charges influencers for securities fraud

The United States have charged eight social media influencers with securities fraud. The influencers had organized pump and dump schemes.

Tue, 27 Dec 2022 06:30:11 GMT

Germany approves F-35 deal

The German authorities have approved a 10 billion Euro F-35 fighter jet acquisition from the US defence company Lockheed Martin.

Mon, 26 Dec 2022 14:30:07 GMT

Tesla looks to expand in Germany

Local authorities have revealed that Tesla intends to expand its Berlin gigafactory, as it plans drilling for additional water sources.

Mon, 26 Dec 2022 10:30:07 GMT

KoBold invests in Zambia

Californian exploration firm KoBold Metals is set to invest $150 million in the development of copper mining in Zambia.

Mon, 26 Dec 2022 06:30:09 GMT

Microsoft expands in Africa

The tech giant Microsoft Corporation has announced that it aims to provide internet access to 100 million people in Africa by 2025.

Fri, 23 Dec 2022 14:30:08 GMT

Wyoming nuclear plant is delayed

The creation of the new high tech and US government backed nuclear energy plant in Wyoming has been delayed.

Fri, 23 Dec 2022 10:30:10 GMT

Germany discovers dependence on raw materials

The DIW research institute has revealed that Germany is dependent on a total of 30 raw materials. 14 of the 30 materials are 100% imported.

Fri, 23 Dec 2022 06:30:11 GMT

CSX reviews attendance policy

Labour unions have forced the US rail operator CSX to review its employee attendance policy. The company had penalized its employees for short-term medical absences.

Thu, 22 Dec 2022 13:30:12 GMT

ECB expects inflation above target

An unnamed Reuters source has revealed to the news agency that the European Central Bank expects inflation to remain above its target of 2.00% throughout 2025.

Thu, 22 Dec 2022 10:00:10 GMT

Mexican energy impacts semiconductor sector

Reuters has revealed a report that, unless Mexico improves its energy sector, the country is set to fail to take advantage of the new $52.7 billion US Chips Act. The US subsidy is aimed at improving semiconductor production in whole of North America.

Thu, 22 Dec 2022 06:30:12 GMT

HSBC stops funding oil and gas

HSBC has announced that the bank would request client information about plans for carbon emission reduction and stop funding new gas and oil fields.

Wed, 21 Dec 2022 15:30:11 GMT

Goldman stops making consumer loans

Reuters has revealed that Goldman Sachs intends to stop giving out unsecured consumer loans, as the bank steps away from its retail business.

Wed, 21 Dec 2022 12:30:08 GMT

United Airlines orders Boeing 787

The US airline United Airlines has ordered 100 Boeing 787 Dreamliner airplanes, as the carrier intends to grow and replace older and less efficient aircraft.

Wed, 21 Dec 2022 09:30:08 GMT

Chrysler recalls trucks

The parent company of Chrysler is set to suffer losses due to a recent recall of 1.4 million pickup trucks that was done due to a tailgate issue.

Wed, 21 Dec 2022 06:30:09 GMT

Morgan Stanley hedges Chinese reopening

The US bank Morgan Stanley has recommended investors to hedge investments into the potential reopening of the Chinese economy, as rising COVID cases have reportedly hampered economic activity.

Tue, 20 Dec 2022 14:30:10 GMT

Berkshire sells BYD shares

Stock exchange filings have revealed that the Warren Buffet's fund Berkshire Hathaway has sold 1.33 million of BYD shares for a total value of $34.43 million.

Tue, 20 Dec 2022 12:30:11 GMT

Bank of England comments on economy

The Bank of England has issued a warning that inflation and borrowing cots are set to create significant pressure on businesses and households.

Tue, 20 Dec 2022 09:30:09 GMT

China invests in domestic chips

The Chinese government intends to invest more than $143 billion subsidy of its semiconductor industry in an effort to counter the recent US export bans.

Tue, 20 Dec 2022 06:30:09 GMT

US government consults partners on chips

The United States have revealed that the government had consulted with its allies in regards to the tightening of chip exports to China.

Mon, 19 Dec 2022 15:30:09 GMT

Chinese companies suffer due to COVID

Chinese companies have increased measure to reduce the impact of the coronavirus on operations, as infection rates have surged in the aftermath of the cancellation of the government zero-tolerance policy.

Mon, 19 Dec 2022 12:30:10 GMT

Apple investment in Japan reaches milestone

The total investment of Apple in Japan has reached above the $100 billion mark, over the span of the last five years.

Mon, 19 Dec 2022 09:30:09 GMT

Nestle launches facility in Ukraine

Despite the ongoing war, Nestle has decided to invest 40 million CHF in the opening of a new factory in Ukraine.

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