News

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Wed, 02 Jun 2021 19:48:05 GMT

Tesla recalls 6K cars in US

Tesla Inc was recalling almost 6K US cars due to brake calliper bolts could be loose, with the potential to cause a loss of tire pressure, public documents reveal.

Wed, 02 Jun 2021 19:06:50 GMT

Outreach gets $200M at a $4.4B valuation

Outreach, the sales intelligence provider backed by Salesforce Ventures, announced that it raised $200M in the funding round led by new investors, rising the startup's valuation to $4.4B.

Wed, 02 Jun 2021 18:00:09 GMT

Huawei rolls out new operating system

On Wednesday, China's Huawei Technologies rolled out its new operating system called "Harmony" for smartphones, hoping to recover from the US sanctions that had hut its handset business.

Wed, 02 Jun 2021 16:46:19 GMT

Tesla to acquire battery minerals

Tesla said it is planning to acquire over $1.0B of the Australian battery raw materials a year, highlighting the country's responsible production practices and reliable mining industry.

Wed, 02 Jun 2021 16:00:08 GMT

Germany to join Lufthansa capital raise

Germany is likely to take part in the planned €3.0B capital raise at Lufthansa to limit a 20% stake dilution in the carrier, according to Bloomberg.

Wed, 02 Jun 2021 15:00:08 GMT

Tesla launches 6K US car recalls

Tesla has launched a recall of nearly 6K US cars due to the potential loosening of brake calliper bolts, according to official documents showed on Wednesday.

Wed, 02 Jun 2021 14:00:09 GMT

Tyson Foods CEO resigns

On Wednesday, Tyson Foods announced its CEO Dean Banks is set to step down from his role, marking personal reasons, and will be succeeded by Donnie King, the company's operations director.

Wed, 02 Jun 2021 13:00:09 GMT

SoftBank considers investment in Kitopi

SoftBank Group has entered talks over a potential investment in the latest funding round of Kitopi, the Dubai-based "cloud kitchen", via its technology fund, according to Reuters.

Wed, 02 Jun 2021 11:52:04 GMT

Etsy to acquire Depop for $1.63B

On Wednesday, Etsy announced its planned acquisition of Depop, the Gen-Z aimed fashion reseller, in a deal worth $1.63B, as it seeks to lure more younger shoppers.

Wed, 02 Jun 2021 11:30:37 GMT

StanChart to roll out crypto trading platform

Standard Chartered's unit is planning to launch a cryptocurrency trading platform in Europe and Britain, deemed for institutional clients, the lender announced on Wednesday.

Wed, 02 Jun 2021 09:58:35 GMT

AMC share price surges

Prior to Wednesday's US trading hours, the stock price for AMC surged in pre-market, as the price gained 28%.

Wed, 02 Jun 2021 09:00:13 GMT

Zoom sees upbeat quarterly revenue

Zoom Video Communications is expecting its current-quarter revenue to be above forecasts, as hybrid work models' rapid adoption by companies is likely to drive robust demand for Zoom's video conferencing tools.

Wed, 02 Jun 2021 08:00:08 GMT

AB Volvo may distribute sale proceeds

The board of Volvo has proposed to distribute the proceeds from its UD Trucks sale to shareholders, according to the Swedish truckmaker's statement made late on Tuesday.

Wed, 02 Jun 2021 06:54:09 GMT

China, US hold economic talks

Liu He, China's Vice Premier, has held economic talks with Janet Yellen, the US Treasury Secretary, in the Chinese official's second virtual call during this week.

Wed, 02 Jun 2021 06:36:57 GMT

TSMC to build Arizona chip factory

Taiwan Semiconductor Manufacturing Co has launched the site construction in Arizona where the company plans to spend as much as $12B to build its chip factory, according to CEO's statement.

Wed, 02 Jun 2021 05:00:08 GMT

EZ inflation surges past ECB's elusive target

According to data from Eurostat, Eurozone inflation accelerated to 2% in May, above the European Central Bank's target.

Wed, 02 Jun 2021 04:00:06 GMT

Musk comments on Tesla's car price increase

Tesla's Chief Executive Officer Elon Musk said that the reason why the cost of Tesla vehicles is increasing was due to major supply chain price pressure industry-wide.

Wed, 02 Jun 2021 03:00:06 GMT

US construction spending increases in April

As reported by the US Commerce Department said on Tuesday, the US construction spending expanded by 0.20% in April.

Wed, 02 Jun 2021 02:00:07 GMT

US factory activity picks up last month

According to the Institute for Supply Management, the US manufacturing activity rose to a reading of 61.20 in May.

Tue, 01 Jun 2021 20:00:05 GMT

Pembina to buy Canada's Inter for $6.9B

Pembina Pipeline agreed to buy Inter Pipeline for nearly $6.9B in an all-stock deal, which will create one of the biggest energy companies in Canada.

Tue, 01 Jun 2021 19:04:18 GMT

Coinbase partners with Google, Apple wallets

Coinbase Global launched cooperation with Apple and Alphabet's Google, which will allow users to add cards from the accounts to the payment applications of two tech giants.

Tue, 01 Jun 2021 18:00:08 GMT

CNN has plans for new streaming service

CNN, the cable news network owned by WarnerMedia, has unveiled its plans for a new streaming platform, called informally as CNN+, according to the Wall Street Journal's report seen on Tuesday.

Tue, 01 Jun 2021 17:00:07 GMT

Domino's to add 5,000 new staff in UK

On Tuesday, Domino's Pizza Group announced its plans to hire 5K new delivery drivers and pizza chefs to boost its 1,100 stores in Britain amid rapidly-growing customer demand.

Tue, 01 Jun 2021 16:00:09 GMT

KKR, CD&R close to Cloudera buyout

The private-equity companies Clayton Dubilier & Rice and KKR & Co are close to finalise the deal to buy out Cloudera at the $4.7B valuation, according to Bloomberg News.

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