News

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Sun, 30 May 2021 12:00:07 GMT

Mahindra comments on car sales

Indian car maker Mahindra revealed on Sunday that it expects global car sales to recover in two years.

Sun, 30 May 2021 11:00:07 GMT

UK retail sector struggles

On Sunday, the British Retail Consortium revealed that a wave of UK retail sector bankruptcies could be imminent due to rent costs.

Sun, 30 May 2021 10:11:59 GMT

Cryptocurrencies fall on Sunday

During Sunday's European trading hours, the prices for cryptocurrencies declined, as BTC fell 5.2% and ETH declined by 6.3%.

Sun, 30 May 2021 09:28:06 GMT

Rivian to seek $70B valuation

Rivian Automotive Inc, the US electric-truck manufacturer, stated on Friday that it would seek $70B valuation at its possible IPO.

Sun, 30 May 2021 08:22:33 GMT

Italy to unlock EU funds

On Saturday, the Italian government accepted a resolution regulating absorption of the European Union investments.

Sun, 30 May 2021 07:33:18 GMT

UK, US to make deal at G7

The British Finance Minister Rishi Sunak stated on Friday that a tax deal with the United States most probably would be concluded at G7 summit.

Sun, 30 May 2021 06:37:55 GMT

Crypto's price drops again

On Saturday, the price of Bitcoin fell 5.16% to $33849.47, thus losing $1842.99 through the day.

Sun, 30 May 2021 05:00:06 GMT

Mahindra: car sales to rebound in two years

India's Mahindra & Mahindra said in the interview to Reuters that it will require at least two years for sales of cars to return to the pre-pandemic levels.

Sun, 30 May 2021 04:00:07 GMT

HP, Dell: chip shortages to hit PC supplies

HP Inc and Dell Technologies Inc reported quarterly revenue above estimates, though both companies warned that computer ship shortages could affect their ability to meet the demand for their laptops.

Sun, 30 May 2021 03:00:07 GMT

India's Tata acquires stake in BigBasket

Tata Sons bought the majority stake in online grocery seller BigBasket, joining a race with other e-commerce players, including Amazon.com Inc, Walmart's Flipkart.

Sat, 29 May 2021 22:17:13 GMT

Sony to make strategic investments of $18.3B

Sony Group is set to spend about $18.39B in the following three years over strategic investments, aiming to expand subscribers to its entertainment and entertainment services.

Sat, 29 May 2021 20:24:27 GMT

India's Chennai to continue working

According to the Indian government, the country's car manufacturing hub, Chennai, would continue production despite the rapid COVID-19 expansion.

Sat, 29 May 2021 19:32:08 GMT

American airlines return $12.84B

According to the Airlines for America report, 11 American airlines returned its customers $12.84B in total for flights cancelled in previous year.

Sat, 29 May 2021 18:00:05 GMT

Toyota global sales hit high

Global sales of Toyota cars doubled in April to 859,448 units from the previous year and reached a monthly record despite a shortage of semiconductors.

Sat, 29 May 2021 17:00:08 GMT

US consumer sentiment falls

The US consumer sentiment declined to 82.9 in May from 88.3 in April, a report published by the University of Michigan shows.

Sat, 29 May 2021 16:00:14 GMT

China approves new IPOs

The China Securities Regulatory Commission approved initial public offerings of five technology companies on the Shanghai Stock Exchange.

Sat, 29 May 2021 15:00:11 GMT

Greek economy to grow 4.8% in 2022

The Greek economy is expected to expand 4.8% in 2022, the Bank of Greece Governor Yannis Stournaras says.

Sat, 29 May 2021 14:31:21 GMT

Pfizer expects $15B revenue from COVID-19 vaccine

Pfizer plans to generate $15B in revenue from sales of its COVID-19 vaccine developed together with the German partner BioNTech.

Sat, 29 May 2021 13:29:26 GMT

Rivian aims for $70B

The US electric-truck producer Rivian Automotive Inc stated on Friday that it would aim for $70B valuation at its possible initial public offering.

Sat, 29 May 2021 12:29:13 GMT

Biden stands for larger spending

The US President Joe Biden stated on Friday that government spending on education and infrastructure must be increased while the cost of borrowing remained cheap.

Sat, 29 May 2021 11:31:27 GMT

Colonial Pipeline solves all problems

Colonial Pipeline stated on Friday that it had fully solved all problems with network disruptions.

Sat, 29 May 2021 10:22:07 GMT

3M wins court case

On Friday, 3M Co won a trial, thus proving that it did not cover up defects of design in its military's earplugs.

Sat, 29 May 2021 09:36:10 GMT

US, China might ease tensions

According to a Chinese think-tank, Washington and Beijing might agree to increase tariff exclusions in order to ease tensions.

Sat, 29 May 2021 08:00:07 GMT

US treasury secretary expects higher inflation

The US Treasury Secretary Janet Yellen expects higher inflation later this year as the US economy continues to recover from the COVID-19 pandemic.

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