News

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Fri, 02 Apr 2021 08:35:18 GMT

French growth suffers from new restrictions

France's Finance Minister Bruno Le Maire stated on Friday that the newly imposed coronavirus restrictions will affect the French economic growth in 2021.

Fri, 02 Apr 2021 07:00:07 GMT

UA to hire about 300 new pilots

United Airlines is planning to hire around 300 new pilots due to rebound in travel demand amid growing number of US citizens getting the COVID-19 vaccination.

Fri, 02 Apr 2021 06:00:07 GMT

US carmakers' Q1 sales rebound

US carmakers reported a bounce in their Q1 sales following the coronavirus-induced drop in 2020, according to the data published by IHS Markit.

Fri, 02 Apr 2021 05:00:08 GMT

Honda to resume output in North America

Honda Motor is set to revive normal production at its North American transmission, automobile and engine plants starting April 5, after the output cuts affected all of its US, Canadian and Mexican factories.

Fri, 02 Apr 2021 04:00:08 GMT

Nike wins 'Satan Shoes' sales' suspension

Nike won a temporary suspension to further sales of the "Satan Shoes", the company had produced as part of the collaboration with Lil Nas X, due to the alleged trademarks infringement.

Fri, 02 Apr 2021 03:00:07 GMT

Ford revives political donations

The political action committee of Ford Motor has resumed political donations, but will not make donations to the Republican lawmakers, who voted against the election certification of the President Joe Biden on January 6.

Thu, 01 Apr 2021 20:37:45 GMT

Elliott's Cohn nominated to Twitter board

On Thursday, Twitter said it would nominate Jesse Cohn, Elliott Management's head of the US equity activism, for the re-election to its board of members.

Thu, 01 Apr 2021 19:00:05 GMT

Industrial output in Brazil declines in February

As reported by statistics agency IBGE on Thursday, Brazil's industrial production declined by 0.70% in February.

Thu, 01 Apr 2021 17:02:25 GMT

Crude oil prices edge higher

On Thursday, crude oil prices edged higher. Brent crude futures rose by $1.02 or 1.6% to $63.76 a barrel by 13:39 GMT, while the US West Texas Intermediate crude futures surged by 2.1% to $60.39 per barrel.

Thu, 01 Apr 2021 17:01:56 GMT

S&P 500 tops 4000 mark

The S&P 500 index gained about 0.70% shortly after the market opened on Thursday, breaking above the 4,000 mark for the first time ever.

Thu, 01 Apr 2021 15:00:08 GMT

TSMC unveils plans to meet chip demand

On Thursday, TSMC, the contract chipmaker, stated it would make an investment worth $100B during the next three years to boost its plants' capacity in order to meet chip demand.

Thu, 01 Apr 2021 14:00:07 GMT

Ford, Mahindra end their collaboration

Ford Motor and Mahindra & Mahindra are set to end their collaboration on all projects in India due to the abandoned joint venture in the country.

Thu, 01 Apr 2021 13:00:08 GMT

Stellantis aims to triple EV sales in 2021

Stellantis is planning to triple global electric vehicle sales in the current year, according to a statement made by the head of its main shareholder Exor on Thursday.

Thu, 01 Apr 2021 12:20:51 GMT

UK's Next sees profit rebound

Next, the British fashion retailer, expects the 2021 profit bounce due to economic recovery following the COVID-19 pandemic last year.

Thu, 01 Apr 2021 11:18:19 GMT

VW to acquire Tesla's credits in China

Volkswagen's Chinese joint venture asset to acquire Tesla's green car credits to comply with the local environmental rules, according to a Reuters report published on Thursday.

Thu, 01 Apr 2021 10:20:35 GMT

Oil surges on Thursday

During Thursday's European trading hours, crude oil prices surged, as OPEC+ countries met during the day to discuss production cuts.

Thu, 01 Apr 2021 09:18:00 GMT

Microsoft signs $21.9B deal with US Army

Microsoft Corp won a $21.9B contract to supply the US Army with its HoloLens-based augmented reality headsets backed by Azure, the cloud computing services.

Thu, 01 Apr 2021 08:36:02 GMT

Mastercard to invest $100M in Airtel Africa's arm

On Thursday, Mastercard announced it would make a $100M investment in the mobile money unit of Airtel Africa, valuing the service at $2.65B.

Thu, 01 Apr 2021 05:00:08 GMT

Google Maps to suggest eco-friendly routes

Google's Maps app is expected to start directing drivers on routes estimated to cause the lowest carbon emissions based on slopes, traffic and other factors, the company stated.

Thu, 01 Apr 2021 04:00:08 GMT

Exxon Mobil expects better Q1 earnings

Exxon Mobil announced its expectations for rising Q1 results across its major businesses, with a minimum $2B increase from prices for gas and oil driving profits.

Thu, 01 Apr 2021 03:00:07 GMT

Coursera opens 18% above IPO price

Shares of Coursera, the online learning platform, opened 18% higher its the initial public offering price in the NYSE debut, valuing the firm at $5.08M.

Thu, 01 Apr 2021 02:00:17 GMT

Otrium gets $12M ahead of US launch

Otrium, the Amsterdam-based online outlet store, stated that it raised $120M from investors on its launch in the US, as it develops the platform for selling items left at the season end.

Wed, 31 Mar 2021 20:00:08 GMT

Google to add €25M to EU to fight fake news

Alphabet unit Google is set to contribute €25M to the new European Media and Information Fund to fight fake news, amid criticism that tech firms are not trying to cease online disinformation.

Wed, 31 Mar 2021 19:00:18 GMT

Volvo to consider IPO

Zhejiang Geely Holding Group announced that its Volvo Cars unit would explore capital market opportunities including a potential IPO and stock market listing.

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