News

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Tue, 10 Nov 2020 15:34:31 GMT

Ford plans extra jobs to boost F-150 output

On Tuesday, Ford Motor announced it would hire 350 extra workers in the US, seeking to expand its output capacity for the electric F-150 pick-up truck in Michigan as well as add an assembly of the electric commercial vans at its Kansas City-based plant.

Tue, 10 Nov 2020 13:54:14 GMT

France's OVH ties up with Google

On Tuesday, the French technology company OVH stated it teamed up with Google over building its cloud computing capacities in a push towards the European contender's development in the area.

Tue, 10 Nov 2020 13:34:38 GMT

Microsoft rolls out new Xbox gaming consoles

On Tuesday, Microsoft Corp launched two new models of the next-generation Xbox gaming console, as the pandemic boosted demand for video games.

Tue, 10 Nov 2020 11:59:54 GMT

Brazil's Embraer report $121M loss

On Tuesday, Brazil's planemaker Embraer reported a $121M loss for its Q3 due to the curbed travel across the globe caused by the coronavirus pandemic, which hit private and commercial jet demand.

Tue, 10 Nov 2020 11:14:23 GMT

EU announces charges against Amazon

On Tuesday, Reuters revealed that the European Commission was scheduled to announce charges against Amazon due to antitrust issues.

Tue, 10 Nov 2020 10:27:23 GMT

Huawei plans Honor unit sale

Huawei is planning a sale of its budget-brand phone unit Honor in the deal worth $15.2B to the Shenzhen government and Digital China-led consortium, Reuters reported on Tuesday.

Tue, 10 Nov 2020 08:47:25 GMT

J.C. Penney gets rescue deal approval

A US judge approved a rescue deal for J.C. Penney Co, saving the firm from potential bankruptcy caused by the coronavirus crisis; the deal that is expected to save approximately 60K jobs.

Tue, 10 Nov 2020 08:20:29 GMT

Adidas sees sales returning to growth

Adidas, the German sportswear giant, is expecting its China sales returning to growth in the Q4, forecasting a similar sales decline level overall as the firm had reported in the Q3.

Tue, 10 Nov 2020 07:30:13 GMT

Norwegian Air fears of running out of cash

Norwegian Air warned of running out of cash at the beginning of 2021 unless the carrier secures fresh funding, as the company had been hit hard due to pandemic.

Tue, 10 Nov 2020 05:40:45 GMT

General Motors hires works

General Motors announced on Monday that the company would hire additional 3,000 employees in design, IT and engineering divisions.

Tue, 10 Nov 2020 05:30:43 GMT

Brazil negotiates with Pfizer

On Monday, Brazilian authorities revealed that they are in talks with Pfizer about acquiring the coronavirus vaccine for the country's national vaccination program.

Tue, 10 Nov 2020 03:40:02 GMT

US official comments on new vaccine

The US Health and Human Services Secretary Alex Azar stated on Monday that the new Pfizer vaccine still has to receive official approval.

Mon, 09 Nov 2020 21:54:06 GMT

Investors bet on vaccine

On Monday, Reuters published a report, which revealed that due to the announced coronavirus vaccine investors have started buying back stocks.

Mon, 09 Nov 2020 21:05:13 GMT

Crude oil prices surge

During Monday's trading hours, crude oil prices surged, as the markets expected a recovery in demand due to the Pfizer coronavirus vaccine.

Mon, 09 Nov 2020 19:43:19 GMT

Zoom improves security

Zoom Video Communications announced on Monday that it would improve its security to settle with the US Federal Trade Commission.

Mon, 09 Nov 2020 18:46:10 GMT

EU tariffs United States

On Monday, the European Union announced tariffs on US imports that were valued at $4 billion.

Mon, 09 Nov 2020 17:44:21 GMT

Stocks reach record high

At the start of Monday's US trading hours, stock indices reached a record high level. The event was attributed to the risk on sentiment caused by the Pfizer vaccine announcement.

Mon, 09 Nov 2020 16:47:38 GMT

UK Judge blocks BHP lawsuit

A 200,000 claimant $6.6 billion lawsuit against the mining giant BHP has been stopped by a High Court Judge of Manchester.

Mon, 09 Nov 2020 16:08:13 GMT

EU signs deal with Pfizer

On Monday, the European Union announced that it would soon order millions of doses of the Covid-19 vaccine from Pfizer.

Mon, 09 Nov 2020 14:54:25 GMT

Nuro attracts $500M on higher demand

Nuro, the self-driving delivery company, announced on Monday it had raised $500M as the coronavirus pandemic considerably boosts the e-commerce.

Mon, 09 Nov 2020 14:27:48 GMT

McDonald's tops profit forecasts

On Monday, McDonald's topped Q3 profit and revenue estimates, boosted by higher customer demand for its drive-thru outlets and delivery apps in the United States during the coronavirus pandemic.

Mon, 09 Nov 2020 13:37:01 GMT

Samsung plans early flagship phone launch

Samsung Electronics is considering to launch Galaxy S smartphones much earlier than initially planned, seeking to grab a market share from its rival Huawei as well as fend off Apple's competition.

Mon, 09 Nov 2020 12:27:54 GMT

S&P 500 futures hit record on Pfizer news

On Monday, S&P 500 futures hit their record high, following Pfizer's announcement that its COVID-19 experimental vaccine is over 90% effective, according to the large study's initial data.

Mon, 09 Nov 2020 10:42:29 GMT

UK comments on EU trade deal

On Monday, UK officials stated that they were open for a compromise on fishing in the trade deal with the EU.

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