News

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Sat, 22 May 2021 20:24:07 GMT

Musk stands for crypto

Elon Musk, Tesla Inc's Chief Executive Officer, wrote on Saturday that he would support cryptocurrencies in their battle with fiat.

Sat, 22 May 2021 19:00:07 GMT

White House pares $2.25T proposal

On Friday, the White House lowered its infrastructure bill to $1.7T from initial $2.25T.

Sat, 22 May 2021 17:00:08 GMT

Volkswagen's Mexico unit eyes output tweak

Volkswagen's Mexico unit anticipated adjustments from June for its three segments of production due to a continuous global semiconductor chip supply shortage, the German automaker stated.

Sat, 22 May 2021 16:00:07 GMT

SEC nods Nasdaq proposal for direct listings

The US Securities and Exchange Commission approved a proposal by exchange operator Nasdaq to allow companies to raise capital via direct listings.

Sat, 22 May 2021 15:00:06 GMT

Wejo discusses with Virtuoso SPAC merger

Wejo was in negotiations to go public through the SPAC merger with Virtuoso Acquisition in a deal, which would value the UK connected vehicle data start-up at $1B, sources said.

Sat, 22 May 2021 14:28:22 GMT

Inditex to shut all locations in Venezuela

Inditex, the owner of Zara, Bershka and Pull & Bear brands, is set to close all stores in Venezuela as an agreement between the retailer and its local partner came under review.

Sat, 22 May 2021 13:00:06 GMT

US production grows in May

According to preliminary reports, manufacturing acitivity in the US accelerated in the first half of May amid solid domestic demand.

Sat, 22 May 2021 12:00:08 GMT

Airbus to extend jets' range

One of Airbus operators stated on Friday that the company would work on extending the range of the A220, its smallest jet.

Sat, 22 May 2021 11:00:07 GMT

EU to probe Coca Cola

The European Commission announced on Friday that it had started a preliminary investigation over possible violation of antitrust regulations by Coca Cola.

Sat, 22 May 2021 10:00:07 GMT

M&S reports losses

The UK Marks & Spencer is expected to publish a report on Wednesday showing an almost 90% yearly profit decrease because of the pandemic.

Sat, 22 May 2021 09:27:02 GMT

SEC approves Nasdaq proposal

The US Securities and Exchange Commission (SEC) gave green light to Nasdaq Inc's proposal to allow entreprises to raise capital via direct listings.

Sat, 22 May 2021 08:00:07 GMT

Canada retail sales rise

Canada's retail sales increased 1.8% in the first three months of 2021, data published by the Statistics Canada show.

Sat, 22 May 2021 07:25:04 GMT

Eurozone business growth accelerates

Eurozone business growth accelerated in May at the fastest pace in three years, a survey conducted by Markit, a financial information company, shows.

Sat, 22 May 2021 06:00:09 GMT

IMF wants $50B to speed up vaccination

The International Monetary Fund wants to spend $50B to ensure a quicker rollout of vaccines against COVID-19 as only about 9.5% of the global population has been vaccinated.

Sat, 22 May 2021 05:00:08 GMT

UK to offer trade deal to Australia

The UK plans to propose Australia a trade agreement that will eliminate quotas and tariffs over the next 15 years, the BBC reports.

Sat, 22 May 2021 04:00:06 GMT

EZ business growth at three-year high

The Eurozone's business growth expedited at its strongest pace in more than three years in May, but the ECB President said that unclear recovery still needed support from the ECB.

Sat, 22 May 2021 03:00:07 GMT

Snap to acquire WaveOptics for over $500M

Snap announced on Friday that it will buy WaveOptics, the augmented reality technology company based in Britain, for over $500M.

Fri, 21 May 2021 21:00:08 GMT

Tesla eyes Russia as new production hub

Elon Musk said stated that Tesla was considering establishing its presence in Russia and was looking at whether it could open factories there in the country.

Fri, 21 May 2021 20:00:07 GMT

US existing home sales down 2.7%

The National Association of Realtors reported that existing home sales declined 2.7% to a seasonally adjusted yearly rate of 5.85M units last month, the lowest level since last year's June.

Fri, 21 May 2021 19:20:30 GMT

US manufacturing PMI up to 61.5 in early May

The IHS Markit report showed that the US Manufacturing PMI increased to 61.5 in the first half of May to the highest level since 2009 amid solid domestic demand.

Fri, 21 May 2021 17:55:16 GMT

Snap to acquire AR firm WaveOptics

On Friday, Snap Inc announced it would acquire the UK augmented reality technology firm WaveOptics in a deal worth more than $500 million.

Fri, 21 May 2021 17:33:57 GMT

Daimler Truck sees further engine job losses

Daimler Truck's CEO Martin Daum stated on Friday that he expected further job losses in the coming 15 years at the European truck engine factories due to the transition to "green" trucks.

Fri, 21 May 2021 15:00:08 GMT

Wall Street opens higher

US stock indices started Friday's US trading with a gap up, as a previously started recovery was extended.

Fri, 21 May 2021 14:08:39 GMT

NVDA stock surges due to split

During Friday's US trading hours, the stock price of Nvidia surged by 3.77%. The move was attributed to the company announcing a 4-for-1 stock split.

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