News

Note: This section contains information in English only.
Mon, 15 Feb 2021 02:32:36 GMT

Portugal's FM says TAP may need more aid

On Sunday, the Portuguese Finance Minister Joao Leao said that the government may have to provide more financial aid to TAP Air in 2021 due to the COVID-19 pandemic.

Sun, 14 Feb 2021 21:22:09 GMT

Disney Q1 revenue declines

Revenue of the Walt Disney Company declined 22% to $16.24B in the first quarter of 2020, compared to the same period the previous year, official data show.

Sun, 14 Feb 2021 19:52:31 GMT

Citigroup cuts CEO salary

Remuneration of Citigroup's outgoing Chief Executive Officer Michael Corbat declined to $19M in 2020, a 21% drop from 2019, data published by the bank show.

Sun, 14 Feb 2021 19:18:51 GMT

US consumer sentiment declines

US consumer sentiment unexpectedly declined in February amid pessimism about the economy, data published by the University of Michigan show.

Sun, 14 Feb 2021 18:00:17 GMT

IMF: G7 in full alignment on vaccines, stimulus

G7 finance leaders are in "full alignment" on a range of issues, including fiscal stimulus and vaccine distribution, the International Monetary Fund Managing Director Kristalina Georgieva says.

Sun, 14 Feb 2021 17:11:09 GMT

Facebook to offer smartwatch

Facebook plans to offer its users a smartwatch with fitness and health features the next year, according to people with knowledge of the matter.

Sun, 14 Feb 2021 15:58:58 GMT

UK economy contracts 10%

The UK economy contracted 9.9% in 2020 amid the COVID pandemic, the biggest crash in more than 300 years, data published by the Office for National Statistics show.

Sun, 14 Feb 2021 14:57:38 GMT

BofA: $58.1B pours into equity funds

A record $58.1B poured into equity funds over the last week as investors relocate their assets, weekly fund flow data published by the BofA show.

Sun, 14 Feb 2021 14:28:53 GMT

PayPal unlikely to invest in crypto currencies

PayPal Holdings is not likely to invest its own cash in crypto currencies such as bitcoin, the PayPal Chief Financial Officer John Rainey says.

Sun, 14 Feb 2021 13:34:06 GMT

Morgan Stanley considers BTC for clients

The investment arm of Morgan Stanley considers adding crypto currency bitcoin to the list of possible assets for its investors, a report published by Bloomberg News shows.

Sun, 14 Feb 2021 12:03:14 GMT

UK's PM to host virtual G7 leaders meeting

The Downing Street announced on Saturday that the UK Prime Minister Boris Johnson would host virtual G7 leaders meeting next week.

Sun, 14 Feb 2021 11:27:58 GMT

EU to fast track approval of COVID-19 vaccines

On Sunday, the European Union Health Commissioner Stella Kyriakides announced that the EU would speed the approval process of variant-modified COVID-19 vaccines.

Sun, 14 Feb 2021 09:58:10 GMT

President Biden says US democracy is fragile

On Saturday, the US President Joe Biden urged Americans to defend democracy following the US Senate's acquittal of Donald Trump in the second impeachment trial.

Sun, 14 Feb 2021 08:52:34 GMT

Trump acquitted in second impeachment trial

On Saturday, the US Senate voted to acquit the former US President Donald Trump in his second impeachment trial.

Sun, 14 Feb 2021 07:58:37 GMT

IMF wants Ukraine to make more reforms

On Saturday, the International Monetary Fund representative in Kyiv said that Ukraine must make further progress on reforms to get the next instalment of a $5B loan.

Sun, 14 Feb 2021 07:00:41 GMT

Brecht wants clean tech investment in Germany

On Saturday, Daimler Trucks Labor and Management Council Leader Michael Brecht said Saturday that Daimler AG should invest the $1.8 billion funds for clean technologies in Germany.

Sun, 14 Feb 2021 05:56:56 GMT

Tesla to build EV manufacturing unit in Karnataka

As reported by the CNBC TV 18 on Saturday, Tesla Inc would build an electric vehicle production unit in the state of Karnataka, India.

Sun, 14 Feb 2021 05:05:55 GMT

UK's PM optimistic about easing COVID lockdown

On Saturday, the UK Prime Minister Boris Johnson said that he is optimistic about announcing the easing of some COVID-19 lockdown measures soon.

Sun, 14 Feb 2021 04:21:46 GMT

EU urges China to lift ban on BBC World News

As reported by the Associated Press on Saturday, the European Union called on China to lift the BBC World News tv channel ban.

Sun, 14 Feb 2021 02:17:54 GMT

Draghi sworn in as Italy's PM

On Saturday, the former President of the European Central Bank Mario Draghi has been sworn in as Italy's new Prime Minister after forming a national unity government.

Sat, 13 Feb 2021 21:08:53 GMT

Robinhood admits communication problems

Vlad Tenev, the Robinhood's CEO, admitted on Saturday that the company could have better explained to its customers why it had restricted access to a number of popular stocks.

Sat, 13 Feb 2021 20:33:56 GMT

Daimler recalls 1.29M cars in US

On Saturday, Daimler decided to recall 1.29M cars from the US market because of the software error.

Sat, 13 Feb 2021 19:31:43 GMT

Tesla to produce cars in southern India

Tesla Inc stated on Saturday that it would start manufacturing its electric cars in the state of Karnataka, India.

Sat, 13 Feb 2021 17:41:19 GMT

MoneyLion prepares to go public

MoneyLion, the mobile banking platform, is planning to go public via a merger with Fusion Acquisition Corp, the blank-check firm, in a deal valuing the combined company's equity at $2.9B.

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