News

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Fri, 07 May 2021 06:14:01 GMT

Tencent seeks keeping gaming investments

Tencent Holdings has entered talks with the US national security panel over allowing the company to keep its investments in the US video game developers Epic Games and Riot Games.

Fri, 07 May 2021 05:00:07 GMT

ViacomCBS tops Q1 revenue forecasts

ViacomCBS topped Wall Street's Q1 revenue forecasts, boosted by robust advertising growth and streaming revenue after the rebranded Paramount+ service launch in March.

Fri, 07 May 2021 04:00:08 GMT

IBM to launch 2-nanometer chip tech

IBM unveiled on Thursday the first 2-nanometer chip technology in the world that is deemed to be 45% faster than the 7-nanometer chips in the majority of today's phones and laptops as well as up to 75% more power-efficient.

Fri, 07 May 2021 03:00:07 GMT

Shift Tech gets $1.0B valuation

Shift Technology, the French tech start-up, has closed on Thursday a $220M fundraising round that brought the company's valuation to more than $1.0B.

Thu, 06 May 2021 21:00:06 GMT

Ether skyrockets to record high

On Thursday, the world's second-biggest cryptocurrency Ether hit its new record high of as much as $3,591.65 on the Bitstamp Exchange.

Thu, 06 May 2021 20:00:09 GMT

Renault comments on new model

Renault revealed on Thursday that the company had developed a broad strategy to make money from the Arkana model.

Thu, 06 May 2021 19:00:07 GMT

Central banks stop stimulus

On Thursday, the Bank of England became the second central bank to slow down its pace of monetary stimulus, which started in the aftermath of the coronavirus outbreak.

Thu, 06 May 2021 18:00:08 GMT

US productivity declines

Data released on Thursday revealed that worker productivity in the US had increased in the first quarter of 2021.

Thu, 06 May 2021 17:00:07 GMT

US jobless claims drop

On Thursday, US markets were boosted by news that less than forecast new US jobless claims were received by the US government.

Thu, 06 May 2021 16:00:08 GMT

Volkswagen CEO comments on batteries

The CEO of Volkswagen stated on Thursday that the company would create joint ventures to fund new six battery factories in Europe.

Thu, 06 May 2021 15:00:13 GMT

Wall Street opens flat

On Thursday, US market indices started the day by trading flat, as gains were limited by US government plans to waiver intellectual property on COVID-19 vaccines.

Thu, 06 May 2021 14:00:10 GMT

Tesla builds new access platform

Tesla, the US electric carmaker, announced on Thursday the development of a new platform deemed for its Chinese car owners that would let them access their vehicles' data.

Thu, 06 May 2021 12:54:31 GMT

Nintendo sees fall in Switch sales

On Thursday, Japan's Nintendo said it was expecting its annual sales of Switch console to drop 11.5%, signalling the five-year-old device's first decline after the gaming boom during the pandemic.

Thu, 06 May 2021 12:00:29 GMT

BoE's policy remains unchanged

The Bank of England's MPC judged the existing monetary policy's stance to remain unchanged at 0.1%, seeking to meet the inflation target of 2%, according to an official statement.

Thu, 06 May 2021 11:22:16 GMT

Regeneron Q1 profit soars

On Thursday, Regeneron Pharmaceuticals reported its Q1 profit surged as much as 78%, driven by strong demand recovery of its Eylea eye drug and ongoing strength in the Dupixent eczema drug's sales.

Thu, 06 May 2021 10:23:25 GMT

IBM unveils new technology

On Thursday, IBM revealed a new 2-nanometer chip technology, which is bound to increase speeds of computing.

Thu, 06 May 2021 09:15:09 GMT

EssilorLuxottica marks Q1 sales recovery

EssilorLuxottica reported on Thursday its Q1 sales are continuing to recover from the COVID-19 pandemic's impact, driven by a robust rebound in the United States and China.

Thu, 06 May 2021 08:00:07 GMT

AB InBev CEO to resign

Anheuser-Busch InBev's CEO Carlos Brito is set to step down from his role in July after 15 years in the company, and will be succeeded by its North American unit's head.

Thu, 06 May 2021 07:23:06 GMT

VW raises margin target for 2021

Volkswagen has lifted its 2021 operating margin target on Thursday, expecting stronger demand for premium cars in the Q1.

Thu, 06 May 2021 06:36:05 GMT

Aston Martin reports smaller Q1 loss

The UK carmaker Aston Martin reported on Thursday a smaller Q1 loss of £42.2M in the current year, adding it is aiming at profitability, maintaining its outlook of around 6K car sales in 2021.

Thu, 06 May 2021 05:00:13 GMT

PayPal income grows on online shopping boom

PayPal Holdings reported that new income grew to $1.46B from $786M a year ago, as online shopping and digital transactions pushed payment volumes to record levels.

Thu, 06 May 2021 04:00:07 GMT

Exxon sees $200M in charges for job cuts

Exxon Mobil announced its expectations for up to $200M in charges in 2021 related to job cuts within the cost savings plan, according to a regulatory filing.

Thu, 06 May 2021 03:00:07 GMT

Wix.com acquires Rise.ai to add loyalty cards

Wix.com announced that it bought Israeli startup Rise.ai to expand its platform to include loyalty and gift cards, rewards and referrals.

Wed, 05 May 2021 20:43:05 GMT

EU to slash dependency on China, others

The European Union unveiled a plan to slash its dependency on Chinese and other suppliers in six strategic areas, including semiconductors, raw materials and pharmaceutical ingredients.

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