News

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Wed, 09 Dec 2020 08:35:39 GMT

SoftBank's stock surges 7% on Wednesday

On Wednesday, SoftBank Group's shares surges 7% after the Bloomberg News report that the company was exploring buying back its shares to bolster the stake pf the CEO Masayoshi Son to squeeze out the rest of investors.

Wed, 09 Dec 2020 06:02:37 GMT

Citigroup appoints Antonios as head of MENA

According to a memo viewed by Reuters on Tuesday, Citigroup has appointed Elissar Farah Antonios as the first woman to head its Middle East & North Africa business.

Wed, 09 Dec 2020 05:01:23 GMT

US nonfarm productivity increases in Q3

As reported by the US Labor Department on Tuesday, the US nonfarm productivity, which measures hourly output per worker, rose at a 4.6% annualized rate in the third quarter.

Wed, 09 Dec 2020 04:05:13 GMT

UK abandons threat to break withdrawal deal

On Tuesday, the UK government announced that it would withdraw controversial law-breaking clauses from the Internal Market Bill after reaching a new withdrawal agreement with the EU.

Wed, 09 Dec 2020 02:41:43 GMT

Apple plans to block apps over privacy feature

On Tuesday, Apple Inc threatened to block apps that don't comply with the new privacy feature from its App Store.

Tue, 08 Dec 2020 20:56:00 GMT

VW to reconsider management board

The supervisory board of Volkswagen was due to discuss a rearrangement of the company's management board, sources familiar with the matter said.

Tue, 08 Dec 2020 20:26:36 GMT

BayWa to sell part of renewable division

German agriculture group BayWa announced that agreed to sell 49% of the renewable unit to Energy Infrastructure Partners for €530M.

Tue, 08 Dec 2020 19:02:02 GMT

UK starts mass COVID-19 vaccination

On Tuesday, the UK began mass vaccinating its people against coronavirus infection from the Pfizer-BioNTech COVID-19 vaccine.

Tue, 08 Dec 2020 17:41:25 GMT

Carrefour to hire 15K young workers next year

Carrefour, the European biggest retailer, announced plans to hire 15K young workers in 2021 in France, adding that half of the new recruits will come from underprivileged neighbourhoods.

Tue, 08 Dec 2020 16:43:04 GMT

BMW ties up with Amazon over data hub

BMW has teamed up with Amazon's computing unit to create a data hub, as companies are trying to bolster efficiency by using "big data".

Tue, 08 Dec 2020 15:49:48 GMT

Marvell rolls out chips for 5G gear

On Tuesday, Marvell Technology Group has launched a semiconductor set for the new open-source 5G networking gear developed for telecommunications carriers to mix and match the equipment more easily.

Tue, 08 Dec 2020 15:35:17 GMT

Apple aim to block apps over privacy feature

On Tuesday, Apple threatened to block some App Store's apps that don't comply with new privacy feature, which allows users to ban advertisers from tracking across different applications.

Tue, 08 Dec 2020 13:31:28 GMT

Tesla unveils another $5B share sale

On Tuesday, Tesla launched a $5B worth capital raise, its second share sale since September, as the electric automaker profits from its shares' meteoric rally this year.

Tue, 08 Dec 2020 12:52:23 GMT

Japan reveals fresh $708B stimulus

On Tuesday, Japan has unveiled $708B in a fresh economic stimulus, in hopes to accelerate the recovery from the deep coronavirus-related decline, while also aiming at investment in digital and green innovation.

Tue, 08 Dec 2020 12:27:39 GMT

France's online sales likely to rise in 2020

French online retail sales are likely to rise as much as 6% to €109.6B in 2020, as the coronavirus pandemic bolstered remote shopping, according to France's e-commerce federation.

Tue, 08 Dec 2020 11:17:04 GMT

Snakes halt Tesla factory construction

On Tuesday, German authorities stopped the felling of trees at the Tesla's factory site in Germany due to hibernating snakes.

Tue, 08 Dec 2020 09:45:03 GMT

Goldman to fully acquire China securities JV

Goldman Sachs Group inked a pact for a full buyout of its Chinese securities joint venture, while further terms of the deal has not been revealed to the public yet.

Tue, 08 Dec 2020 08:45:04 GMT

Hyundai to recall Nexo hydrogen SUVs, Kona EV

Hyundai Motor is planning a recall of 50,864 of Kona electric vehicles and Nexo hydrogen cars in South Korea amid electronic braking system issues, according to the transport ministry's report.

Tue, 08 Dec 2020 08:36:23 GMT

BMW, Amazon form new data hub

BMW and Amazon's cloud computing unit have created a new data hub, as companies seek to boost efficiency, switching to data-driven decisions.

Tue, 08 Dec 2020 07:28:19 GMT

Palantir shares soar on FDA contract

Palantir Technologies, the data analytics company, was awarded a $44.4M contract by the US FDA, sending the firm's shares up nearly 21% on the news.

Tue, 08 Dec 2020 05:40:01 GMT

Morgan Stanley reduces long positions

On Monday, Morgan Stanley revealed in a statement that the bank had closed some of its emerging markets long positions.

Tue, 08 Dec 2020 04:48:37 GMT

Banco de Mexico gets new governor

Reuters reported on Monday that the Mexican President Andres Manuel Lopez Obrador had picked Galia Borja as the new Deputy Governor of the Banco de Mexico.

Tue, 08 Dec 2020 04:13:53 GMT

Airbus reveals production data

On Monday, Airbus revealed that in October the company had delivered 64 airplanes.

Mon, 07 Dec 2020 21:45:49 GMT

US Congress considers stopgap funding

Reuters revealed on Monday that in an effort to avoid a US government shutdown the US Congress would consider a one-week stopgap funding round.

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