News

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Sat, 10 Oct 2020 09:55:30 GMT

Daimler stands for car charging

The head of the Works Council at Daimler, Michael Brecht, stated on Saturday that the EU lawmakers must lobby development of infrastructure for electric car charging as strongly as possible to reduce harmful emissions.

Sat, 10 Oct 2020 08:42:12 GMT

Frederique Constant sess 25% sales drop

Swiss watch brand Frederique Constant, owned by Japan's Citizen Watch, was hoping to limit the decline in sales to 25% in 2020, as September business almost recovered.

Sat, 10 Oct 2020 08:09:53 GMT

Infinite Power deals with Marubeni

The UK Infinite Power signed an agreement with Marubeni's Nuclear Fuel Department of Japan to find potential markets to use the company's power cell technology.

Sat, 10 Oct 2020 07:19:22 GMT

Twilio to buy Segment for $3.2B

Twilio, the cloud communications software provider, is set to buy customer data infrastructure firm Segment for $3.2B, Forbes reported.

Sat, 10 Oct 2020 05:45:46 GMT

Amazon India's unit gets $95.5M

Amazon.com invested $95.51M in payments unit in India to encourage payments via Amazon Pay before festive season sales, data from Tofler revealed.

Sat, 10 Oct 2020 03:52:47 GMT

US imposes tariffs over aluminium sheet

The United States imposed new tariffs over $1.96B worth of aluminium sheet goods from 18 countries, as it determined that the products were being dumped.

Sat, 10 Oct 2020 03:40:00 GMT

Canada's job gains above estimates

Canada added 378K jobs in September and the jobless rate declined to 9.0%, handily beating expectations, as the economy continued to recover from coronavirus shutdowns.

Fri, 09 Oct 2020 21:15:09 GMT

Aeroflot to raise $1B in new share offering

Aeroflot stated that the state is likely to take up 50B roubles worth of 80B rouble ($1B) share offering, an essential funds injection for Russia's airline.

Fri, 09 Oct 2020 19:53:17 GMT

European shares continue to surge

On Friday, the European shares posted a second straight week of gains. The STOXX 600 index ended up 0.60% to close the week with an increase of 2.1%.

Fri, 09 Oct 2020 18:59:02 GMT

Dow, S&P 500 continue to surge

On Friday, the Dow Jones Industrial Average and the S&P 500 posted a second consecutive week of gains.

Fri, 09 Oct 2020 18:00:29 GMT

WH, Congress unlikely to reach COVID-19 deal

On Friday, the US Senate Majority Leader Mitch McConnell stated that the Trump administration and the US Congress were unlikely to strike coronavirus relief deal before the November 3 election.

Fri, 09 Oct 2020 17:12:23 GMT

Crude oil prices continue to edge higher

On Friday, crude oil prices were on track for a 10% weekly gain due to the Norwegian and the US supply cuts.

Fri, 09 Oct 2020 15:46:22 GMT

Apple plans free extension of subscription

Apple announced it was planning to extend its free Apple TV+ subscriptions that would have ended during the following three months until February 2021.

Fri, 09 Oct 2020 15:35:09 GMT

Nokia wins 5G contracts in Belgium

Proximus and Orange selected Nokia for building the Belgian 5G networks after they dropped Huawei due to the US pressure to exclude China's tech company from supplying the major telecoms equipment.

Fri, 09 Oct 2020 14:16:06 GMT

Rolls Royce's shares hit weekly record

On Friday, Rolls Royce shares have hit their weekly record high since the 1987 listing as the UK jet engine maker's plan on raising money to battle the COVID-19 travel crisis drove bargain hunting among its investors.

Fri, 09 Oct 2020 13:36:29 GMT

Ryanair expects return of 737 MAX jets

Ryanair is expecting Boeing's struggling 737 MAX jets to return to the service in the US next month, leading the way for Ryanair to receive first planes at the beginning of 2021.

Fri, 09 Oct 2020 11:45:16 GMT

LSE agrees on Borsa Italiana sale

Euronext is set to acquire Borsa Italiana from LSE in a cash-deal worth $5.1B, amid expansion of the EU trading platforms network owned by the French operator.

Fri, 09 Oct 2020 09:41:02 GMT

Oil prices continue surge

During Friday's European trading hours, crude oil prices continued to surge due to US and Norwegian production outages.

Fri, 09 Oct 2020 08:45:28 GMT

BOJ to launch CBDGs tests

The Bank of Japan is set to launch tests on issuing CBDGs (central bank digital currencies) in the nearest time during the 2021 fiscal year, according to the central bank's statement made on Friday.

Fri, 09 Oct 2020 07:53:45 GMT

HSBC aims at net zero emissions in 30 years

HSBC is seeking to switch to the net-zero carbon emissions within the entire base of customers by 2050, planning to provide up to $1 trillion in financial help to clients for the successful transition.

Fri, 09 Oct 2020 06:47:50 GMT

Orange Belgium set for replacing Huawei gear

The Belgian Orange venture and telecom operator Proximus are planning to replace the mobile equipment made by Huawei in Luxembourg and Belgium with Nokia gear.

Fri, 09 Oct 2020 06:18:56 GMT

Waymo launches autonomous robo-taxi service

Waymo is set to reopen and expand its driverless robo-taxi service in Phoenix within a few weeks, the self-driving vehicle tech unit reported on Thursday.

Fri, 09 Oct 2020 04:47:15 GMT

Alaska Airlines considers 737 MAX order

Boeing Co has entered talks with Alaska Airlines over potential sale of its 737 MAX jets once the airplane returns to service after a long-lasting grounding.

Fri, 09 Oct 2020 03:49:10 GMT

WarnerMedia plans major layoffs

AT&T Inc's WarnerMedia will reduce costs by 20% amid restricting plan that would lead to layoffs, according to the Wall Street Journal's report.

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