News

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Sat, 05 Dec 2020 07:48:20 GMT

Moderna aims to produce 500M vaccine doses

Moderna is confident it will produce 500M COVID-19 vaccine doses next year, the company's CEO Stéphane Bancel stated earlier this week.

Sat, 05 Dec 2020 07:31:28 GMT

Ford postpones Bronco SUV roll-out

Ford Motor has decided to postpone its rollout of its Bronco sport-utility vehicle in 2021 from spring to summer due to supply issues caused by the coronavirus pandemic.

Sat, 05 Dec 2020 06:16:09 GMT

US labour market slows recovery

Data releases on Friday revealed that the US labour market had slowed down its recovery due to the rise in COVID-19 cases.

Sat, 05 Dec 2020 06:15:29 GMT

Biden issues statement

On Friday, the President-elect of the Unites States Joe Biden stated that the recent employment data had revealed the urge for additional economic stimulus.

Sat, 05 Dec 2020 03:47:02 GMT

Risk assets surge

On Friday, all classes of risk assets surged, as a coronavirus relief package was expected to be proposed by Joe Biden.

Fri, 04 Dec 2020 22:17:04 GMT

European stocks surge

During Friday's European trading hours, stock indices in Europe surged, as gains in oil stocks affected the rest of the market.

Fri, 04 Dec 2020 21:00:39 GMT

Euro area manufacturing sector expands

The manufacturing sector in the euro zone expanded in November, albeit at a slower pace compared to October, data published by the information provider IHS Markit show.

Fri, 04 Dec 2020 19:59:21 GMT

French economy to contract 4.5% in Q4

The economy of France is expected to contract 4.5% in the fourth quarter of 2020 after a 18.7% rebound in the prior quarter, the national statistics institute INSEE reports.

Fri, 04 Dec 2020 19:21:02 GMT

Brazil economy expands 7.7% in Q3

The Brazilian economy expanded 7.7% in the third quarter of 2020, compared to the previous quarter, data published by the Brazilian government show.

Fri, 04 Dec 2020 18:10:37 GMT

India economy to contract 7.5%

The economy of India is expected to contract 7.5% in the current fiscal year, a report published by the central bank of India shows.

Fri, 04 Dec 2020 17:01:00 GMT

US factory orders rise in October

US factory orders increased 1% in October, after increasing 1.3% in September, a report published by the Commerce Department shows.

Fri, 04 Dec 2020 16:30:56 GMT

US unemployment declines to 6.7% in November

The US unemployment rate declined to 6.7% in November from a recent high of 14.7% in April, data published by the Labor Department show.

Fri, 04 Dec 2020 15:23:46 GMT

Glencore aims at net-zero emissions

On Friday, Glencore stated it would commit to net-zero emissions through reducing its carbon footprint by around 40% by 2035.

Fri, 04 Dec 2020 14:06:32 GMT

Gucci donates $500K to UNICEF

Kering-owned luxury brand Gucci will donate $500K to UNICEF on supply and distribution of the COVID-19 vaccines to people globally, it stated on Friday.

Fri, 04 Dec 2020 13:10:58 GMT

Disrupted chip supplies may hit China's output

On Friday, the largest foreign carmaker in China, Volkswagen, stated that the Chinese overall car production might be interrupted following disrupted chip supplies around the globe caused by the COVID-19 pandemic.

Fri, 04 Dec 2020 11:48:55 GMT

Aston Martin to inject £125M in capital

On Friday, Aston Martin's shareholders have granted their approval for the luxury automaker's plans for £125M capital injection, seeking to bolster its loss-making business.

Fri, 04 Dec 2020 11:36:02 GMT

Sabadell plans more layoffs, alliances

Sabadell is planning to cut more job and strike alliances on product distribution with other EU lenders after the merger deal with its rival BBVA collapsed last week.

Fri, 04 Dec 2020 09:42:12 GMT

US likely to post slowest job growth

The United States is expected to report its slowest job growth in six months, with November non-farm payrolls likely increasing by 469K jobs after surging by 638K in October, Reuters survey showed.

Fri, 04 Dec 2020 08:52:47 GMT

Nestle to invest $3.6B to trim carbon emissions

Nestle is planning an investment worth $3.58 billion during the following five years to cut its carbon emissions to zero by 2050.

Fri, 04 Dec 2020 08:12:50 GMT

UBS names new Swiss unit president

On Friday, UBS Group has appointed Sabine Keller-Busse, the EMEA head and Chief Operating Officer, as the new UBS Switzerland president effective from February 1, 2021.

Fri, 04 Dec 2020 06:57:51 GMT

Microsoft unveils new cloud-based tool

Microsoft has revealed its new cloud-based tool deemed to help businesses get handle on data and operations and will be generally available "shortly".

Fri, 04 Dec 2020 06:02:20 GMT

Rimac: SPAC funding may harm EV industry

Rimac, the electric hypercar maker, stated that the growing demand for SPACs, used to raise money for electric cat start-ups, could damage the industry's long-term prospects.

Fri, 04 Dec 2020 05:01:08 GMT

Biden picks new NEC head

On Thursday, the US President-elect Joe Biden has picked former Barack Obama's official, Brian Deese, to lead the National Economic Council.

Fri, 04 Dec 2020 04:04:24 GMT

US carriers trim 29K jobs through mid-Oct

The US cargo and passenger airline industry faced total employment drop by about 29K employees through mid-October, as lay-off restrictions set by the government expired.

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