News

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Fri, 09 Apr 2021 15:41:56 GMT

McDonald's to add 25K new staff

McDonald's Corp is planning to hire 25,000 new staff in its US restaurants in Texas this month, as lockdown restrictions are easing ahead of summer.

Fri, 09 Apr 2021 14:41:51 GMT

Disney set to name new ABC News head

CBS News' executive vice-president Kimberly Godwin has entered the final stages of discussion with Walt Disney over becoming ABC News' new president, a media report showed on Friday.

Fri, 09 Apr 2021 14:17:19 GMT

UK's Prince Philip passes away aged 99

Prince Philip, the leading figure in Britain's royal family and Queen Elizabeth's husband, has died at the age of 99, according to Buckingham Palace's announcement made on Friday.

Fri, 09 Apr 2021 13:00:07 GMT

VW loses fine appeal

Australia's federal court has dismissed the German carmaker Volkswagen's appeal against the record A$125M fine in the emissions cheating scandal, the country's competition regulator reported on Friday.

Fri, 09 Apr 2021 11:41:03 GMT

ASOS profit skyrockets 275% in H1

On Friday, ASOS, UK's online fashion retailer, reported a 275% surge to more than $155M in its first-half profit through Feb. 28 amid an online boom during the pandemic.

Fri, 09 Apr 2021 10:56:39 GMT

Hyundai to halt Asan plant production

On Friday, the South Korean carmaker Hyundai Motor announced it would suspend its output at the Asan plant starting next week due to the global chip shortage.

Fri, 09 Apr 2021 10:17:23 GMT

Airbus shares surge

On Friday, Airbus reported a surge in its March deliveries, boosted by the air travel rebound in the United States and China, sending the company's shares up over 2%.

Fri, 09 Apr 2021 08:53:38 GMT

Global equities surge

During Friday's Asian and European trading hours, global stock indices extended the previous day's surge, as a tech stock rally was taking place.

Fri, 09 Apr 2021 08:36:44 GMT

China's Didi hires top banks for mega IPO

Didi Chuxing, the Chinese top ride-hailing company, has picked Morgan Stanley and Goldman Sachs to lead its mega US IPO, according to Reuters.

Fri, 09 Apr 2021 06:43:36 GMT

Southwest Airlines to recall employees

Southwest Airlines will recall more than 2.7K of its flight attendants from their leave from June 1 to back the carrier's summer schedule, halting the voluntary furlough programme as more US citizens become vaccinated.

Fri, 09 Apr 2021 06:31:53 GMT

Brazil's Selic to gain neutral level in 2022

Brazil's Selic interest rate is likely to reach the neutral level as soon as 2022, central bank's director said in a statement earlier this week.

Fri, 09 Apr 2021 05:00:08 GMT

Levi Strauss lifts sales growth forecast

Levi Strauss has raised its H1 revenue growth outlook by 24%-25%, hoping that the COVID-19 vaccine rollouts would drive a return to normalcy, after beating quarterly sales forecasts on the e-commerce boost.

Fri, 09 Apr 2021 04:00:07 GMT

Bilibili seeks to acquire Yoozoo Games' shares

China's Bilibili has entered talks to acquire Yoozoo Games' 24% stake as part of the $765M deal, amid the online video site's intention to lure its young users legion to expand in the Chinese gaming market.

Fri, 09 Apr 2021 03:00:06 GMT

DAZN considers IPO to chase further growth

Sports streaming service DAZN is exploring the opportunity of an initial public offering to drive fresh growth, its co-CEO James Rushton said.

Thu, 08 Apr 2021 20:43:44 GMT

Porsche cannot rule out output cuts

Porsche AG, Volkswagen's luxury sports car brand, stated it could not rule out the production cuts amid the global semiconductor chip shortage in the near future and would have to adjust the output to reflect the shortfall.

Thu, 08 Apr 2021 19:46:39 GMT

Ford joins North American production trim

Ford Motor has followed the move by General Motors on more vehicle production cuts due to the global semiconductor chip shortage, according to the company's statement made on Thursday.

Thu, 08 Apr 2021 19:09:21 GMT

Michelin plans to add €14B to revenues by 2030

France's Michelin is planning to add nearly €14B to the tyremaker's annual revenues in less than ten years by recovering from the coronavirus-caused slowdown and expanding into new activities, such as medical devices and hydrogen power.

Thu, 08 Apr 2021 18:00:08 GMT

S&P 500 hits record high

On Thursday, the benchmark S&P 500 hit a new high, boosted by gains in Microsoft Corp, Alphabet Corp, Amazon.com and Apple Inc stocks.

Thu, 08 Apr 2021 17:00:07 GMT

US Dollar remains near two-week lows

On Thursday, the dollar index, which measures the US Dollar against a basket of major currencies, traded near a two-week low, tracking the US Treasury yields lower.

Thu, 08 Apr 2021 16:00:12 GMT

GM trims production at several US plants

General Motors is cutting its output at its North American factories amid global chip shortage, according to a CNBC report released on Thursday.

Thu, 08 Apr 2021 14:41:13 GMT

SoftBank, Franklin make investment in OneTrust

Franklin Templeton and SoftBank Vision Fund 2 have invested $210M in OneTrust at over $5.0B valuation, the security and privacy software provider stated on Thursday.

Thu, 08 Apr 2021 13:41:31 GMT

Kering completes Italian hub's first phase

Gucci owner Kering is on track with its new Italian global logistics hub, as the French luxury group seeks to increase its storage and accelerate global deliveries.

Thu, 08 Apr 2021 13:32:49 GMT

US markets open at ATH

The USA500 stock index started Thursday's US trading with a new all-time-high level, as the market opened above the 4,091.658 mark.

Thu, 08 Apr 2021 12:16:59 GMT

Cloud firm Box gets $500M KKR-led investment

On Thursday, the cloud services provider Box Inc announced it had received a $500M investment led by KKR, the private equity giant, with Box planning a stock buyback with the use of the majority of the funds.

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