News

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Sun, 07 Feb 2021 12:33:22 GMT

Daimler to supervise its truck unit

According to the Frankfurter Allgemeine Sonntagszeitung, the German auto giant Daimer is plannig to keep a protective hand over its truck unit, Daimler Trucks, after the upcoming spin-off.

Sun, 07 Feb 2021 11:32:01 GMT

Amazon to buy gas fueled trucks

Amazon.com Inc placed an order to acquire hundreds of trucks working on a natural gas, thus contributing to the fight against atmospheric pollution.

Sun, 07 Feb 2021 10:31:55 GMT

Taiwan punishes Deutsche Bank

On Sunday, the Taiwanese government banned Deutsche Bank and several other banks from offering forex derivatives for two years for speculation with the local currency.

Sun, 07 Feb 2021 09:02:43 GMT

Indonesia authorizes China's COVID-19 vaccine

Indonesia's food and drug agency (BPOM) has approved the use of the Chinese Sinovac Biotech coronavirus vaccine for the elderly.

Sun, 07 Feb 2021 08:02:26 GMT

Visco says Italy needs cohesion to grow economy

On Saturday, the Italian Central Bank Governor Ignazio Visco said that Italy needs cohesion to revive economic growth and cut the public debt.

Sun, 07 Feb 2021 07:03:51 GMT

FB asks Myanmar to unblock access to social media

On Saturday, Rafael Frankel, Facebook's director of public policy, called on Myanmar's authorities to unblock access to all social media services.

Sun, 07 Feb 2021 06:09:26 GMT

Ramaphosa comments on Africa's economic recovery

On Saturday, the South African President Cyril Ramaphosa stated that access to concessional loans would remain crucial to Africa's economic recovery.

Sun, 07 Feb 2021 04:59:57 GMT

Iran's FM urges US to return to nuclear deal

On Saturday, the Iranian Foreign Minister Mohammad Javad Zarif urged the United States to return to the 2015 nuclear agreement.

Sun, 07 Feb 2021 04:05:08 GMT

Italy's Draghi gets support of two rival parties

On Saturday, Mario Draghi secured a conditional backing from Italy's populist 5-Star Movement and the right-wing League to form a new government.

Sat, 06 Feb 2021 21:57:54 GMT

Cuba allows small private businesses to operate

According to the state-run media, Cuba's government will open the door for small enterprises to operate to help kick-start the economy and create jobs.

Sat, 06 Feb 2021 21:35:19 GMT

CSRC approves four IPOs

The China Securities Regulatory Commission (CSRC) approved on Saturday the initial public offering (IPO) of Hynar Water Group, Anhui Shiny Electronic Technology, Ningbo Zhenyu Technology and Shenzhen BSC Technology.

Sat, 06 Feb 2021 20:23:45 GMT

Interest in wealth management products grows

According to the Chinese official data, the number of people invested into wealth management products had increased 86.85% in 2020 reaching 41.62M.

Sat, 06 Feb 2021 17:44:45 GMT

US states seeks to scrutinise Verizon's deal

US states called on the FCC to scrutinise the $6.25B acquisition of Tracfone, the pre-paid mobile phones operator, proposed by Verizon Communications, with imposing further conditions in case of the approval.

Sat, 06 Feb 2021 16:42:45 GMT

Amazon orders over 1K truck engines

Amazon.com has ordered over 1K natural gas-powered truck engines for its US fleet, switching away from the heavier polluting trucks, according to the company's statement.

Sat, 06 Feb 2021 15:53:57 GMT

China's Laix shares rise

Shares of Laix Inc, the Chinese artificial intelligence company, surged 355% on Friday, with other small Chinese educational stocks also soaring, Reuters reported.

Sat, 06 Feb 2021 14:58:50 GMT

Renault, Stellantis to cut some output

Renault and Stellantis will suspend their vehicle production at some factories due to a global semiconductors shortage, both companies said earlier this week.

Sat, 06 Feb 2021 14:03:05 GMT

IMF warns US of bankruptcies risk

The International Monetary Fund stated on Friday that the US could face a wave of bankruptcies without proper fiscal support.

Sat, 06 Feb 2021 13:43:25 GMT

US watchdog investigates Venmo payment app

PayPal Holdings stated it began to cooperate with the US consumer regulator regarding an investigation into its Venmo app's alleged unauthorised collection processes and fund transfers.

Sat, 06 Feb 2021 12:22:39 GMT

Oil price on rise

On Friday, crude oil price increased 1.1%, reaching $56.85 a barrel, amid the economic revival hopes and supply restriction by the OPEC+.

Sat, 06 Feb 2021 11:16:36 GMT

FCC to verify Verizon's acquisition plan

A dozen of the US attorneys general urged the Federal Communications Commission (FCC) to check Verizon's $6.25B acquisiton plan of Tracfone.

Sat, 06 Feb 2021 10:18:20 GMT

Kroger to pay for vaccination

The US chain of supermarkets, Kroger Co, announced of Friday that it would pay $100 to every of its 100K employees for a vaccination.

Sat, 06 Feb 2021 08:54:34 GMT

US discusses Iran with Europe

On Friday, the US Secretary of State Antony Blinken held a video meeting with the United Kingdom, Germany and France to discuss Iran and other issues.

Sat, 06 Feb 2021 07:55:09 GMT

US stock indexes notch biggest weekly gains

On Friday, US stock indexes extended their best weekly gain since November, as both the Dow Jones Industrial Average and the S&P 500 rose for a fifth consecutive trading session.

Sat, 06 Feb 2021 07:08:28 GMT

Blizzard's annual sales outlook beats estimates

Activision Blizzard is expecting its full-year adjusted revenue to top analysts' forecasts, boosted by robust demand for the "Call of Duty" latest instalment during the coronavirus-related lockdowns.

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