News

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Fri, 16 Apr 2021 12:54:25 GMT

Ocado invests £10M in Oxbotica

Ocado, the UK online grocer, is planning to make an investment worth £10M in Oxbotica, the autonomous vehicle software firm, amid their cooperation aimed to cut last-mile delivery costs.

Fri, 16 Apr 2021 12:00:09 GMT

EU watchdog to decide over SK Hynix-Intel deal

The European Union's antitrust regulators will pass their verdict on SK Hynix $9.0B acquisition of Intel's NAND memory chip division by May 20, the European Commission's filing shows.

Fri, 16 Apr 2021 09:26:42 GMT

Cryptocurrencies decline on Friday

During Friday's Asian and European trading hours, major cryptocurrency prices declines, as a retracement down was taking place in the aftermath of booking new all-time highs.

Fri, 16 Apr 2021 09:02:25 GMT

Grab explores secondary Singapore listing

The Southeast Asian ride-hailing giant Grab Holdings is exploring an opportunity of a Singapore secondary listing after finalising the Nasdaq listing through a $40B SPAC merger.

Fri, 16 Apr 2021 08:30:01 GMT

Hyundai appoints new head for mobility division

On Friday, Hyundai Motor Group announced it had established a new mobility unit to roll out more service models, naming an outsider Song Chang-hyeon as division's chief due to his tenure with Microsoft and Apple.

Fri, 16 Apr 2021 07:49:13 GMT

BlackRock profit tops forecasts

BlackRock reported its Q1 profit topped Wall Street's expectations, as the strength in its businesses and an on-going rally in worldwide financial markets helped vault the company's assets to their record high of $9.01 trillion.

Fri, 16 Apr 2021 07:00:09 GMT

Advocacy group seeks to halt Instagram for kids

An advocacy group urged Facebook's CEO Mark Zuckerberg to cancel the launch of an Instagram version for kids who are under the age of 13, citing potential "great risks" from the social media for young users.

Fri, 16 Apr 2021 06:00:21 GMT

Nissan to cut Japanese output in May

Nissan Motor is set to trim its production at several Japanese factories next month due to the global semiconductor shortage, Reuters reported.

Fri, 16 Apr 2021 05:00:10 GMT

Daimler rolls out new electric vehicle

Daimler AG launched a new electric "sibling" of the carmaker's flagship Mercedes-Benz S-Class sedan, challenging the market-leader Tesla amid surging sales of electric cars in the market.

Fri, 16 Apr 2021 04:00:06 GMT

Reuters unveils new subscription website

Reuters News launched its new subscription website in a new strategy aimed at business professionals, offering first five stories to be viewed free of charge, but requiring its users to register to view more content.

Fri, 16 Apr 2021 03:00:08 GMT

TuSimple gets $8.5B valuation in debut

The self-driving truck maker TuSimple Holdings was valued at $8.5B in its US stock market debut that took place on Thursday, with its shares opening at $40.25.

Thu, 15 Apr 2021 21:54:39 GMT

Verizon to roll out 5G internet for businesses

On Thursday, the US telecom giant Verizon Communications announced it would roll out 5G technology internet for businesses for as many as 21 cities in the United States this month.

Thu, 15 Apr 2021 20:00:06 GMT

EU to decide on Intel, SK Hynix deal

EU antitrust regulators are expected to decide by May 20 whether to clear South Korea's chipmaker SK Hynix's $9B purchase of Intel's NAND memory chip business.

Thu, 15 Apr 2021 19:00:08 GMT

Nissan to cut production in Japan

Nissan Motor is set to slash production at several Japanese factories in May amid the global semiconductors shortage, sources told Reuters.

Thu, 15 Apr 2021 18:00:07 GMT

BlackRock profit above estimates in Q1

BlackRock's reported a higher-than-expected quarterly profit on Thursday, as broad-based strength in its businesses helped vault the company's assets under management to $9.01 trillion.

Thu, 15 Apr 2021 17:00:08 GMT

Cruise gets $2.75B from Walmart, others

Self-driving startup Cruise, backed by GM, announced that it raised $2.75B in the latest financing round with investment from Walmart and others, reaching a valuation of over $30 billion.

Thu, 15 Apr 2021 16:00:09 GMT

Apple gains 2% after UBS survey

Apple shares increased more than 2% on Thursday following the UBS survey that revealed its product line was still resilient, while also expecting strong demand for new models.

Thu, 15 Apr 2021 14:51:42 GMT

US retail sales up 9.8% in March

The US retail sales surged 9.8% last month, above analysts forecasts, the Commerce Department reported, strengthening expectations for solid growth in the Q1.

Thu, 15 Apr 2021 14:00:13 GMT

ABB stock reaches 13-year high

On Thursday, ABB boosted its full-year sales outlook, marking the recovery from the previous year's pandemic-caused downturn, sending its shares up to their highest level in about 13 years.

Thu, 15 Apr 2021 13:00:09 GMT

Hyundai to roll out EVs in China

On Thursday, the South Korean carmaker Hyundai Motor Group stated it was planning to roll out electric vehicles in China every year from 2022 to expand its footprint in the world's largest car market.

Thu, 15 Apr 2021 12:00:07 GMT

Shell comments on reserves

On Thursday, Royal Dutch Shell announced that it would utilize its oil and gas reserves by 2050.

Thu, 15 Apr 2021 11:00:06 GMT

TSMC tries to alleviate chip shortage

On Thursday, Taiwan Semiconductor Manufacturing Co stated it is trying to do everything possible to boost productivity and ease the global chip shortage, despite it sees that tight supplies likely to continue throughout the next year.

Thu, 15 Apr 2021 10:00:09 GMT

Wizz Air sees gradual travel recovery

Wizz Air, the Hungarian low-cost carrier, is anticipating gradual travel recovery into late summer, as the global travel industry enters the second year of the COVID-19 pandemic restrictions.

Thu, 15 Apr 2021 09:00:06 GMT

Deliveroo's orders surge in Q1

Deliveroo, the food delivery company, reported on Thursday its Q1 orders more than doubled, marking the first trading update after its highly-expected London listing flopped last month.

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