News

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Sun, 02 May 2021 10:00:07 GMT

Berkshire sees rebound from pandemic

On Saturday, Berkshire Hathaway announced that its results are recovering from the COVID-19 pandemic, as the company reported a net income of $11.71 billion in the first quarter.

Sun, 02 May 2021 09:00:07 GMT

3M hit with $6M in punitive damages

On Friday, a Florida federal jury ordered industrial giant 3M to pay $6 million in punitive damages to three US military veterans.

Sun, 02 May 2021 08:00:06 GMT

EU charges Apple with antitrust violations

On Friday, the European Union antitrust regulators charged Apple Inc with anti-competitive violations in the music-streaming market.

Sun, 02 May 2021 07:00:07 GMT

Exxon Mobil beats profit expectations

On April 30, Exxon Mobil Corp reported a net income of $2.73 billion or 64 cents per share in the first quarter, beating Wall Street analysts' forecasts for its quarterly earnings.

Sun, 02 May 2021 06:00:07 GMT

US consumer spending rebounds in March

As reported by the US Commerce Department, US consumer spending increased by 4.2% in March.

Sun, 02 May 2021 05:00:15 GMT

Cargill steps up efforts to go green

One of the largest ship charterer in the world, Cargill, has trimmed nearly 1.5M tonnes of carbon emissions from the shopping fleet since 2017, as it tries to speed up its push to go green.

Sun, 02 May 2021 04:00:07 GMT

3M faces $6M of punitive damages

3M was hit with $6M in punitive damages, as it had been found liable for hearing impairment suffered by several US military veterans accusing the company of concealment design its earplugs' defects.

Sun, 02 May 2021 03:00:06 GMT

Intel wants $10B in subsidies for chip plant

Intel is seeking $9.7B in public subsidies for establishing a semiconductor plant based in Europe, as the region intends to cut the company's reliance on imports due to a supplies shortage.

Sat, 01 May 2021 22:24:12 GMT

Vaccitech stock drops 20% in Nasdaq debut

Shares of a start-up behind the Oxford COVID-19 vaccine tech Vaccitech plunged about 20% in the Nasdaq debut, valuing the company at around $464M.

Sat, 01 May 2021 19:51:05 GMT

Berkshire's operating profit surges

On Saturday, Berkshire Hathaway reported its Q1 operating profit soared 20% and that the company extended its aggressive stock repurchases, as it bought back $6.6B of its own shares.

Sat, 01 May 2021 19:29:25 GMT

VW sees chip supply to stay tight

Volkswagen stated on Saturday it was expecting semiconductor supplies to remain tight within the coming months, adding the carmaker was unable to manufacture 100K vehicles due to the shortage.

Sat, 01 May 2021 18:31:39 GMT

China's home prices rise in April

China's new home prices climbed 0.23% for the second consecutive month in April, driven by strong demand in smaller cities due to the tapered off strength in housing market in major centres amid tougher restrictions.

Sat, 01 May 2021 17:04:15 GMT

US consumer spending rise in March

The United States reported a rebound in its consumer spending in March due to an income surge, after households received extra money relief due to COVID-19 pandemic.

Sat, 01 May 2021 16:25:28 GMT

Exxon beats earnings forecast

Exxon Mobil beat Wall Street analysts' forecasts for its quarterly earnings, driven by robust chemicals margins and higher oil prices.

Sat, 01 May 2021 15:01:45 GMT

VW expects chips shortage

Volkswagen stated on Saturday that interruptions of chips supply are expected to continue in coming months.

Sat, 01 May 2021 13:00:27 GMT

GM to clean up its operations

Among the goals that General Motors Co plans to achieve by 2035 is cleaning up of its own operations, the company stated on Friday.

Sat, 01 May 2021 12:00:10 GMT

Apple faces antitrust charges

On Friday, European regulators accused Apple Inc of breaking competition rules in the market of music streaming.

Sat, 01 May 2021 11:08:50 GMT

Aeromexico to buy twenty planes

Aeromexico Group stated on Friday that the US bankruptcy court had granted permission to acquire nearly 20 planes from Boeing.

Sat, 01 May 2021 10:38:27 GMT

Court fines 3M

On Friday, the US court ordered 3M Co to pay $2.1M in punitive damages to three military veterans.

Sat, 01 May 2021 09:36:34 GMT

Bitcoin rises to $57K

Price of the most popular cryptocurrency, Bitcoin, increased 6.54% or $3504.11 to $57098.08.

Sat, 01 May 2021 08:22:40 GMT

Exxon reports profit

On Friday, Exxon Mobil Corp reported its first profit in more than a year and positively revised estimates of its upcoming quarterly earnings.

Sat, 01 May 2021 07:21:55 GMT

S. Korea business sentiment rises

The South Korean business sentiment improved in April, data published by the Bank of Korea show.

Sat, 01 May 2021 06:00:07 GMT

ADB: Cambodia economy to expand 4% in 2021

The economy of Cambodia is expected to expand 4% in 2021 and 5.5% in 2022, a report published by the Asian Development Bank shows.

Sat, 01 May 2021 05:00:09 GMT

Putin: Nord Stream 2 "purely economic"

The Nord Stream 2 pipeline between Russia and Germany is a "purely economic project," the Russian President Vladimir Putin says.

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