News

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Thu, 26 Nov 2020 11:43:10 GMT

Tesla to produce EV chargers in China

Tesla is planning to manufacture electric vehicle chargers in China staring next year, as the automaker seeks to expand its sales footprint in the world's largest car market.

Thu, 26 Nov 2020 10:46:03 GMT

Bitcoin fails to reach new high

On Thursday, the price for Bitcoin plummeted by more than six percent, as the crypto failed to reach a new historical high level.

Thu, 26 Nov 2020 09:59:15 GMT

Tesla lifts prices for Model S in Europe

Tesla has raised prices for the Model S sedan in Europe, with different rates in various countries, the electric carmaker's website shows.

Thu, 26 Nov 2020 09:12:22 GMT

South Korea's LG divide to restructure conglomerate

On Thursday, South Korea's LG stated it would restructure the LG Group conglomerate by separating its affiliates, including display Silicon Works, to establish a new conglomerate in 2021.

Thu, 26 Nov 2020 08:36:52 GMT

Disney plans layoffs in 2021 H1

Walt Disney announced its plans to lay off 32K workers, mostly at the theme parks, a surge from the 28K it unveiled in September, amid lower demand during the coronavirus pandemic.

Thu, 26 Nov 2020 06:10:35 GMT

UK car production falls 18%

The UK car production declined 18.2% year-oon-year in October as the COVID-19 pandemic and lockdown measures kept hitting demand.

Thu, 26 Nov 2020 05:35:56 GMT

Japan's credit agency to lend $2B to Nissan

Japan's export credit agency agreed to provide Nissan Motor up to $2B within a credit agreement to help it finance vehicle sales in the US.

Thu, 26 Nov 2020 04:14:02 GMT

JD Health to raise $3.5B

JD Health International, China's online healthcare platform, was seeking to raise up to $3.5B in what is likely to be Hong Kong's biggest IPO of the year.

Wed, 25 Nov 2020 21:58:08 GMT

Bertelsmann acquires Simon & Schuster

German media group Bertelsmann agreed to buy publisher Simon & Schuster for $2.175B from ViacomCBS, building up its presence in the US.

Wed, 25 Nov 2020 20:47:05 GMT

Tesla to produce EV chargers in China

Tesla is set to start manufacturing EV chargers in China next year, a document submitted to the Shanghai authorities revealed.

Wed, 25 Nov 2020 19:44:22 GMT

IKEA's Ingka to buy property in big EU cities

IKEA's Ingka Investments was in negotiations to buy retail property in city-centre locations in several big European cities after it completed its first-ever such deal.

Wed, 25 Nov 2020 19:26:36 GMT

Salesforce offers to acquire Slack

Cloud-based software firm Salesforce.com Inc approached workplace messaging application Slack Technologies with an acquiring offer, Reuters reported.

Wed, 25 Nov 2020 17:54:50 GMT

LatAm business climate improves

Business sentiment in Latin America improved in the fourth quarter of 2020, data published by the Brazilian economic think tank Getulio Vargas Foundation show.

Wed, 25 Nov 2020 17:02:29 GMT

S. Korea exports rise in October

Exports from South Korea increased for the second consecutive month in October, a statement published by the Bank of Korea shows.

Wed, 25 Nov 2020 16:33:18 GMT

S. African business confidence improves

Business confidence in South Africa improved to the highest level in two years in Q4, data published by the Bureau of Economic Research at Rand Merchant Bank show.

Wed, 25 Nov 2020 15:37:34 GMT

Renault to turn Flins plant into recycling centre

Renault is planning to discontinue operations at its car assembly at the Flins plant outside Paris, turning it into a recycling, research and repair centre by 2024.

Wed, 25 Nov 2020 13:41:05 GMT

Tesla to recall 9,5K US vehicles

On Wednesday, Tesla has issued two recalls that cover around 9,500 cars over a roof trim that poses threat to separate, as well as bolts that could be improperly tightened.

Wed, 25 Nov 2020 12:42:59 GMT

Home Depot settles $17.5M probe

The US biggest home improvement retailer Home Depot has reached a $17.5M settlement over the investigation into the 2014 data breach that his around 40M of its customers.

Wed, 25 Nov 2020 12:28:29 GMT

Ford orders special freezers for vaccine distribution

Ford Motor made an order for 12 ultra-cold freezers for safe storage of Pfizer's COVID-19 vaccine and its distribution to employees, the carmaker said in its latest announcement.

Wed, 25 Nov 2020 10:44:08 GMT

European stocks are near highs

During Wednesday's European trading hours, stock indices fluctuated near nine month high levels, as coronavirus vaccine expectations were outweighed by rising infection cases.

Wed, 25 Nov 2020 09:38:27 GMT

Twitter to revamp verification programme in 2021

Twitter announced it was planning to relaunch the verification programme, including the public application process, as early as 2021 amid newly-introduced policy by the company.

Wed, 25 Nov 2020 08:04:22 GMT

Clariant to trim 1K jobs amid divestments

Clariant AG is planning to slash around 1K job positions over two years amid divestments, according to the Swiss speciality chemicals firm's statement made on Wednesday.

Wed, 25 Nov 2020 07:19:21 GMT

Gap falls short of quarterly profit estimates

Gap missed Wall Street's forecasts for its quarterly profit due to a shift to online sales during the pandemic that fuelled a surge in the shipping and marketing costs, sending the retailer's shares down around 11%.

Wed, 25 Nov 2020 06:07:46 GMT

Airlines on track to lose $157 billion

The International Air Transport Association released its financial forecast for the global airline industry on Tuesday, showing that airlines are expected to lose $157 billion in 2020.

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