News

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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.

Wed, 31 Mar 2021 18:00:06 GMT

Huawei profit up 3.2% in 2020

Huawei Technologies revealed modest net profit growth of 3.2% to $9.83B in 2020, compared to 5.6% rise a year earlier, as revenues declined due to the pandemic and the company's US ban.

Wed, 31 Mar 2021 16:53:14 GMT

Apple to build renewable energy storage

Apple is set to build a battery-based solar energy storage facility in California nearby energy installation, which already supplies all of its buildings in the state.

Wed, 31 Mar 2021 16:20:06 GMT

BMW, others sign up for deep-sea mining ban

Google, Samsung SDI, BMW and Volvo were the first global corporations to have signed up to a WWF call for a moratorium against deep-sea mining, the WWF stated.

Wed, 31 Mar 2021 15:23:59 GMT

CD Projekt seeks M&A targets

Poland's CD Projekt stated in its strategy update that it will seek M&A targets in an attempt to become one of the top video game producers in the world.

Wed, 31 Mar 2021 14:15:10 GMT

JD.com sells AI and cloud businesses

JD.com, the Chinese e-commerce company, has signed a deal with its financial technology division to sell its JD Cloud and AI business at the $2.40B combined valuation.

Wed, 31 Mar 2021 13:29:46 GMT

ByteDance explores Douyin's potential listing

ByteDance is considering a potential offshore listing of Douyin, the TikTok-like short video app, in Hong Kong or New York, according to Reuters.

Wed, 31 Mar 2021 12:32:45 GMT

Oracle to move customers to cloud for free

On Wednesday, Oracle Corp announced it would move firms' complicated computer programmes to the cloud free of charge, as the company tries to lure new potential cloud-computing clients.

Wed, 31 Mar 2021 11:09:52 GMT

Google to spend $29M to battle fake news

Google is set to contribute $29.3M to the new EU Media and Information Fund in order to fight fake news due to rising pressure on tech companies over lack of efforts to dispel online disinformation.

Wed, 31 Mar 2021 10:09:20 GMT

OPEC+ lowers forecast

On Wednesday, the OPEC+ countries announced that they would decrease their 2021 oil demand forecast by 300,000 bpd.

Wed, 31 Mar 2021 08:43:10 GMT

Daimler to accelerate EV shift

Daimler is planning to speed up its electric cars shift due to a robust start of 2021, despite the global semiconductor chip shortage, the carmaker stated on Wednesday.

Wed, 31 Mar 2021 08:22:16 GMT

Deliveroo stock drops 30% in its debut

Deliveroo's shares plunged 30% on Wednesday in their London debut, one of the sharpest IPO drops for a major firm on the UK market for years.

Wed, 31 Mar 2021 06:43:52 GMT

Lloyd's reports £900M loss in 2020

Lloyd's of London reported a £900M ($1.24B) pre-tax loss for the last year, caused by the coronavirus pandemic, compared with its £2.5B profit in 2019.

Wed, 31 Mar 2021 05:00:07 GMT

PayPal rolls out crypto checkout service

PayPal Holdings will start allowing its US customers to purchase items with cryptocurrencies, PayPal's President and CEO Dan Schulman told Reuters on Tuesday.

Wed, 31 Mar 2021 04:00:08 GMT

Volkswagen to rename its US unit

Volkswagen will rebrand its US unit as Voltswagen of America, the President and CEO of Voltswagen of America Scott Keogh said in a statement on Tuesday.

Wed, 31 Mar 2021 03:00:07 GMT

IMF comments on Italy's economy

On Tuesday, the International Monetary Fund announced that Italy's economy could expand by approximately 4.25% in 2021.

Wed, 31 Mar 2021 01:21:55 GMT

India freezes bank accounts of ByteDance

According to two sources with knowledge of the matter, the Indian authorities have frozen ByteDance India's bank accounts for alleged evasion of certain taxes.

Tue, 30 Mar 2021 20:00:06 GMT

Stellantis to make Opel Astra EV

The fourth-largest carmaker Stellantis is set to build Opel Astra's electric version and the hybrid Peugeot 308 car in addition to the company's electrified range planned for 2021.

Tue, 30 Mar 2021 19:00:06 GMT

Epic Games sues Apple with British regulator

Epic Games, the fortnite maker, filed a complaint against Apple Inc with the UK competition watchdog over the investigation into Apple's anti-competitive behaviour.

Tue, 30 Mar 2021 18:00:06 GMT

Lexus to unveil 20 new models by 2025

On Tuesday, Toyota's luxury auto brand Lexus revealed its plans to introduce as many as 20 improved or new models by 2025, with over ten vehicles to be electric.

Tue, 30 Mar 2021 17:00:08 GMT

Xiaomi launches smart EV business

Xiaomi Corp, the Chinese smartphone maker, has announced on Tuesday its new smart electric car business with the plan to invest $10B in its subsidiary over ten years.

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