News

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Thu, 10 Dec 2020 05:47:37 GMT

SoftBank shares up 14% on DoorDash gains

SoftBank Group shares grew 14% after the investment conglomerate gained $11.2B in the value of the company's stake in DoorDash.

Thu, 10 Dec 2020 04:56:56 GMT

Sony Corp to buy AT&T's animation business

Sony is set to buy AT&T's animation business Crunchyroll for $1.17B, aiming to strengthen its distribution business and entertainment content.

Thu, 10 Dec 2020 04:30:53 GMT

EU aims to slash airline emissions

The European Commission was drawing up a target for airlines to use more sustainable fuels, adding that considered 5% draft goal was too low.

Wed, 09 Dec 2020 21:46:12 GMT

Equinor, Scatec, Hydro to build solar farm

Equinor, renewables company Scatec and aluminium producer Norsk Hydro announced plan to jointly build a 480 MW solar farm located in Brazil.

Wed, 09 Dec 2020 21:18:43 GMT

Uber adds 2.4K US towns for delivery service

Uber Technologies stated that Uber Connect, the package delivery service, will be available in 2.4K new towns in the US.

Wed, 09 Dec 2020 20:29:07 GMT

DoorDash to raise nearly $3.4B in US IPO

DoorDash Inc stated that its shares were sold in IPO at $102 apiece, surpassing its upwardly revised target range, to raise $3.37B in the US market debut.

Wed, 09 Dec 2020 19:31:00 GMT

Peugeot increases stake in PSA

FFP, the holding company of Peugeot family, announced that it raised stake in France's carmaker PSA to 14.38%.

Wed, 09 Dec 2020 17:41:19 GMT

Honda suspends UK production

Honda Motor has temporarily halted its production at the British factory on Wednesday amid transport-related delays, which have caused parts shortage, the carmaker said.

Wed, 09 Dec 2020 16:44:10 GMT

Apple rolls out new AirPods Max

Apple released its new $549 worth AirPods Max wireless headset, pricier than some other popular devices made by Apple, as the tech giant seeks to boost the upcoming sales during the December holiday period.

Wed, 09 Dec 2020 16:17:50 GMT

Toyota launches new fuel cell vehicle

On Wednesday, Japan's Toyota Motor announced it had put on a sale its revamped hydrogen fuel cell vehicle "Mirai", with a 30% greater range, aiming to promote zero-emission technology due to electric cars' growing demand.

Wed, 09 Dec 2020 14:45:25 GMT

Netherlands to launch money laundering probe

On Wednesday, a Dutch court has launched a criminal inquiry into the UBS CEO Ralph Hamers' role played in ING Group's failed attempt to crack down money laundering, while Hamers was the Dutch bank' head.

Wed, 09 Dec 2020 14:34:56 GMT

VW supervisory board sets meeting for Wednesday

Volkswagen's supervisory board was set to meet later on Wednesday to discuss a leadership crisis, as the CEO Herbert Diess keeps insisting on the contract extension.

Wed, 09 Dec 2020 13:36:35 GMT

Yandex robots start restaurant delivery in Moscow

On Wednesday, Yandex's driverless robots started to deliver restaurant meals to the app's paying customers in Moscow's central district, the Internet giant stated.

Wed, 09 Dec 2020 12:26:29 GMT

Deutsche Bank adheres to 2022 profit target

On Wednesday, Deutsche Bank announced it would stick to its 2022 key profitability target and continue to cut costs.

Wed, 09 Dec 2020 10:18:24 GMT

VW rolls out new sales model for EV in China

Volkswagen is launching new sales model for electric vehicles in China, in a move that is likely to result in showrooms opening in city centres, as well as fixed price offerings.

Wed, 09 Dec 2020 08:48:59 GMT

Deutsche Bank's CAO temporarily steps aside

Deutsche Bank's Andreas Loetscher, the chief accounting officer, has temporarily resigned from his post due to an investigation into his previous role as Wirecard's lead auditor.

Wed, 09 Dec 2020 08:35:39 GMT

SoftBank's stock surges 7% on Wednesday

On Wednesday, SoftBank Group's shares surges 7% after the Bloomberg News report that the company was exploring buying back its shares to bolster the stake pf the CEO Masayoshi Son to squeeze out the rest of investors.

Wed, 09 Dec 2020 06:02:37 GMT

Citigroup appoints Antonios as head of MENA

According to a memo viewed by Reuters on Tuesday, Citigroup has appointed Elissar Farah Antonios as the first woman to head its Middle East & North Africa business.

Wed, 09 Dec 2020 05:01:23 GMT

US nonfarm productivity increases in Q3

As reported by the US Labor Department on Tuesday, the US nonfarm productivity, which measures hourly output per worker, rose at a 4.6% annualized rate in the third quarter.

Wed, 09 Dec 2020 04:05:13 GMT

UK abandons threat to break withdrawal deal

On Tuesday, the UK government announced that it would withdraw controversial law-breaking clauses from the Internal Market Bill after reaching a new withdrawal agreement with the EU.

Wed, 09 Dec 2020 02:41:43 GMT

Apple plans to block apps over privacy feature

On Tuesday, Apple Inc threatened to block apps that don't comply with the new privacy feature from its App Store.

Tue, 08 Dec 2020 20:56:00 GMT

VW to reconsider management board

The supervisory board of Volkswagen was due to discuss a rearrangement of the company's management board, sources familiar with the matter said.

Tue, 08 Dec 2020 20:26:36 GMT

BayWa to sell part of renewable division

German agriculture group BayWa announced that agreed to sell 49% of the renewable unit to Energy Infrastructure Partners for €530M.

Tue, 08 Dec 2020 19:02:02 GMT

UK starts mass COVID-19 vaccination

On Tuesday, the UK began mass vaccinating its people against coronavirus infection from the Pfizer-BioNTech COVID-19 vaccine.

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