News

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Tue, 13 Oct 2020 10:12:48 GMT

Amazon workers launch strike on 'Prime Day'

Germany's trade union has called on seven Amazon warehouses' workers to launch a strike this Tuesday that coincides with the company's "Prime Day" promotion event, which has been postponed amid the coronavirus crisis.

Tue, 13 Oct 2020 08:52:48 GMT

Walt Disney launches restructuring

Walt Disney has triggered a restructuring of its entertainment and media businesses to boost Disney+ growth and other streaming services due to rising consumer demand.

Tue, 13 Oct 2020 07:43:44 GMT

Revolut to apply for banking license in US

Revolut, the digital banking app, prepares to apply for the US banking licence within weeks, according to a CNBC report.

Tue, 13 Oct 2020 07:04:23 GMT

Swiss Re, Daimler tie up on venture

Germany's carmaker Daimler and Swiss Re have established a joint mobility insurance venture Movinx, aiming to make highly automated vehicles that generate new data to help insurers at calculating risk.

Tue, 13 Oct 2020 05:55:25 GMT

Mallinckrodt files for Chapter 11

The opioid drug maker Mallinckrodt has filed for the Chapter 11 bankruptcy protection after allegations it had helped fuel the American opioid epidemic.

Tue, 13 Oct 2020 04:41:25 GMT

Adobe puts AI tools into marketing software

Adobe put new AI tools into the company's digital marketing software, aiming to help companies sharpen the marketing campaigns.

Tue, 13 Oct 2020 03:46:03 GMT

EV seen to triple market share in EU

Electric cars made up eight percent of the European vehicle sales in the 2020's H1, paving the way to triple their year's market share, the NGO T&E analysis showed.

Tue, 13 Oct 2020 02:46:54 GMT

China's Huya, DouYu plans merger

China's live game streaming firm Huya Inc is set to acquire its rival DouYu International Holdings in the stock-for-stock merger deal, sending DouYu's US-listed shares up 23.2% on the news.

Mon, 12 Oct 2020 21:05:02 GMT

Roblox confidentially files for public listing

On Monday, Roblox Corporation, the US gaming platform, has confidentially filed for public listing via the Securities and Exchange Commission, not specifying whether it will be an IPO or direct listing.

Mon, 12 Oct 2020 19:57:46 GMT

Saudi Arabia National Commercial Bank to purchase Samba

The National Commercial Bank, Saudi Arabia's biggest lender, will purchase its rival Samba Financial Group for $15B, a statement published by the company shows.

Mon, 12 Oct 2020 19:10:09 GMT

China, Cambodia sign free trade agreement

The Chinese State Councilor and Foreign Minister Wang Yi and the Cambodian Prime Minister Samdech Techo Hun Sen signed a free trade agreement between the two countries on Monday.

Mon, 12 Oct 2020 17:45:07 GMT

India industrial output contracts in August

The industrial production in India contracted 8% in August, compared to the same period the prior year, data released by the Ministry of Statistics show.

Mon, 12 Oct 2020 17:26:52 GMT

IMF: long ascent towards recovery ahead

Economies still face "long ascent" towards recovery from the covid pandemic, the Managing Director of the International Monetary Fund Kristalina Georgieva says.

Mon, 12 Oct 2020 16:26:14 GMT

IMF revises Brazil economic outlook

The International Monetary Fund expects the Brazilian economy to contract 5.8% in 2020 and expand 2.8% in 2021, a statement published by the IMF shows.

Mon, 12 Oct 2020 15:10:31 GMT

S.Korea consumer prices rise

Consumer prices in South Korea increased by 1% in September, compared to the same period the previous year, data published by the Statistics Korea show.

Mon, 12 Oct 2020 14:37:17 GMT

Twilio to acquire start-up Segment

Twilio, the cloud customer data start-up, announced it would acquire Segment, the customer data platform, in an all-stock deal worth $3.2B, sending Twilio's shares up over 9% to $335.

Mon, 12 Oct 2020 13:36:36 GMT

Kuroda comments on income tax

On Monday, the Bank of Japan Governor Haruhiko Kuroda announced that he sees no need for a negative income tax.

Mon, 12 Oct 2020 11:41:12 GMT

Japan, UK to sign EPA soon

Britain and Japan are likely to sign their Economic Partnership Agreement on October 23, aiming at the deal to come into force starting January 1, 2021.

Mon, 12 Oct 2020 10:46:13 GMT

IAG CEO names new BA boss

On Monday, IAG boss Luis Gallego has appointed Aer Lingus director Sean Doyle as a new CEO of British Airways to immediately replace Alex Cruz.

Mon, 12 Oct 2020 09:41:13 GMT

Oil prices decline

During Monday's European trading hours, after last week's surge, crude oil prices retraced back down.

Mon, 12 Oct 2020 08:57:05 GMT

Mitsui plans all-stake sale in coal-fired power factories

Mitsui & Co , the Japanese trading house, is planning to sell all the remaining stakes in its coal-fired power plants by 2030 as it shifts focus from coal to gas, aiming at achieving its net zero emission goal by 2050.

Mon, 12 Oct 2020 08:28:33 GMT

GM's Q1 China sales rise in two years

General Motors reported its Q1 China vehicle sales grew as much as 12% compared to the same period last year, the carmaker's first such a growth in last two years.

Mon, 12 Oct 2020 06:57:22 GMT

Hyundai plans Kona EV recall across globe

Hyundai Motor is planning to expand its recall of Kona electric vehicles by tripling its number to around 51K units in China, Europe, North America and other markets, as cars' battery cells pose fire risks.

Mon, 12 Oct 2020 06:35:13 GMT

TikTok rival Triller considers going public

TikTok's rival Triller Inc has entered talks with blank-check acquisition firms over a potential merger that could take the US short-video app public, Reuters reported on Monday.

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