News

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Fri, 14 Aug 2020 06:04:41 GMT

WeWork obtains $1.1B from SoftBank

WeWork has obtained a $1.1B in new a financing from SoftBank Group, the company's Chief Financial Officer Kimberly Ross announced on Thursday.

Fri, 14 Aug 2020 04:58:35 GMT

Toyota, Mazda to invest $2.3B in JV

Mazda Motor and Toyota Motor announced they would make an investment worth $2.3B in Alabama factory, their new joint venture, $830M more than initially announced on the 2018 plan.

Fri, 14 Aug 2020 04:03:26 GMT

Thomson Reuters acquires CaseLines

Thomson Reuters acquired a cloud-based court evidence and document management platform CaseLine, the news provider reported, not disclosing any further terms of the deal.

Fri, 14 Aug 2020 03:08:16 GMT

Daimler to settle US diesel lawsuits

Daimler agreed to the US settlements worth around $3.0B over the carmaker's software implemented in some of its vehicles that cheated diesel emissions tests.

Fri, 14 Aug 2020 02:27:12 GMT

Impossible Foods attracts $200M in funding

Impossible Foods, the vegan burger maker, secured $200M in funding, nearly half a year after the firm raised its biggest investment ever among food start-ups, totalling funds attracted to $1.5B.

Thu, 13 Aug 2020 19:41:02 GMT

Twitter rolls out API software

Twitter launched its long-awaited API software, almost a month after the company postponed the platform's roll-out due to hacks of some of its high-profile accounts.

Thu, 13 Aug 2020 18:42:01 GMT

Intel's new tech to boost chip performance

Intel Corp revealed its new transistors and semiconductors technology could boost its next-round processors' performance by 20%.

Thu, 13 Aug 2020 17:42:36 GMT

US jobless claims drop below 1M

US unemployment claims dropped to 963K last week, compared to the 1.19M reading the previous week, according to the Labor Department report published on Thursday.

Thu, 13 Aug 2020 16:50:34 GMT

US jobless claims decline

As the weekly $600 boost is ending, the number of weekly unemployment claims dropped below 1M last week, the lowest number since the coronavirus pandemic began in the US.

Thu, 13 Aug 2020 15:52:36 GMT

Wirecard to be removed from DAX

Germany's marketplace organizer Deutsche Börse announced that the infamous payment services provider Wirecard AG will be removed from the DAX index in August.

Thu, 13 Aug 2020 15:33:39 GMT

Nasdaq surges on Apple's growing market cap

On Thursday, the Nasdaq Composite Index increased as the market capitalization of Apple Inc is nearing $2 trillion, S&P 500 and Dow Jones remained flat.

Thu, 13 Aug 2020 14:03:24 GMT

JPMorgan picks Mann for Australia business

JPMorgan has appointed Duncan Mann, Credit Suisse's investment banker, as its new financial sponsor coverage director in Australia, Reuters reported on Thursday.

Thu, 13 Aug 2020 12:45:57 GMT

Pressure rises on Thyssenkrupp's $1.2B operating losses

On Thursday, Thyssenkrupp reported its steel unit had faced $1.2B worth operating losses in 2020, raising pressure on the conglomerate to sell or fix the division.

Thu, 13 Aug 2020 11:50:13 GMT

Chevron makes investment in Zap Energy

The oil giant Chevron made an investment in the nuclear fusion start-up Zap Energy, joining Italy's ENI and Norway's state oil group Equinor who had backed such companies in order to decrease their carbon footprint.

Thu, 13 Aug 2020 11:10:08 GMT

Lenovo Q1 profit tops estimates

China's Lenovo Group reported a 31% surge in its Q1 net profit on Thursday, topping analysts' expectations, adding it was considering options of emerging from remote education and working.

Thu, 13 Aug 2020 09:46:50 GMT

European shares decline

During Thursday's European trading hours, stock indices declined, as a retracement back was strengthened by a drop in Airbus shares.

Thu, 13 Aug 2020 08:41:04 GMT

Cisco's Q1 estimates disappoint

Cisco Systems is expecting its Q1 net profit and revenue below Wall Street's forecasts, laying out a new restructuring plan amid the COVID-19 crisis that forced the firm's clients to refrain from spending.

Thu, 13 Aug 2020 07:43:10 GMT

Airbus shares drop on US tariff measures

On Thursday, the European planemaker Airbus shares plunged 2.1% after the US government's announcement it would keep its 15% tariffs on Airbus jets as well as 25% tariffs on the EU goods.

Thu, 13 Aug 2020 06:21:21 GMT

Nikola open to collaboration with Hyundai

Nikola the US electric commercial truck manufacturer, is open to cooperation with Hyundai Motor on hydrogen technology, after a media report that revealed it had contacted the Korean carmaker on the matter.

Thu, 13 Aug 2020 05:06:25 GMT

Australia's unemployment jumps in July

Australia's unemployment rate increased 7.5% in July to the highest level in 22 years, with new coronavirus infections threatening the outlook.

Thu, 13 Aug 2020 04:18:35 GMT

India's Reliance wants to invest in TikTok

China's ByteDance was in early negotiations with Reliance Industries for investment in TikTok's Indian business, TechCrunch reported.

Thu, 13 Aug 2020 03:45:55 GMT

ESG index to be launched at Tadawul

Tadawul, Saudi Arabia's stock exchange, announced plans to launch an ESG index in cooperation with MSCI, the global index provider, by the end of 2020 or later.

Wed, 12 Aug 2020 20:44:56 GMT

EZ industrial production up 9.1%

Manufacturing production in the Euro zone grew 9.1% in June, following a 12.3% increase in May, driven by higher durable goods production, such as fridges and cars.

Wed, 12 Aug 2020 19:48:10 GMT

TUI gets extra €1.2B aid package

Travel company TUI stated that the German government agreed on a €1.2B aid package to boost its finances and ensure that the company survives into 2021.

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