News

Note: This section contains information in English only.
Sat, 16 May 2020 10:33:59 GMT

GM CEO comments on layoffs

On Friday, the CEO of General Motors Mary Barra stated that despite recent layoffs in self driving car units, she still sees potential in autonomous cars.

Sat, 16 May 2020 08:46:35 GMT

US Justice Department sues Google

The Wall Street Journal revealed on Friday that the US Justice Department would file an antitrust lawsuit against Google.

Sat, 16 May 2020 08:28:26 GMT

Democrats pass new stimulus

On Friday, Democrats of the US House of Representatives managed to pass the bill of additional $3 trillion in coronavirus aid.

Sat, 16 May 2020 05:31:18 GMT

Federal Reserve issues warning

On Friday, the US Federal Reserve stated that the financial sector is about to face the effects of the coronavirus, as unemployment hits credit repayments.

Sat, 16 May 2020 03:40:30 GMT

US Dollar trades flat

During Friday's US trading hours, the US Dollar ended the week's trading by surging 0.66%, as there were no major notable events occurring.

Sat, 16 May 2020 03:28:11 GMT

Wall Street ends week with surge

On Friday, US stock markets ended the week with a surge, as the three major US stock exchange indices closed higher.

Fri, 15 May 2020 22:30:09 GMT

Brazil reduces taxes

The Brazilian federal revenue service announced on Friday that it has reduced or deferred taxes valued at $29.15 billion.

Fri, 15 May 2020 21:10:51 GMT

Oil prices jump on Friday

During Friday's trading hours, crude oil prices jumped by 7%, as they reached above April and May high levels.

Fri, 15 May 2020 19:49:20 GMT

Indonesia to introduce VAT on internet companies

Indonesia will require large internet firms to pay VAT on digital services and products sales starting from July, in a move that can be adopted by other countries as they seek boosting revenues after the coronavirus pandemic.

Fri, 15 May 2020 19:11:58 GMT

Foxconn Q1 profit hits record low in two decades

Foxconn reported its Q1 profit dropped to its lowest level in two decades, after the coronavirus outbreak forced the Taiwanese company to halt its manufacturing operations based in China, knocking customer demand including Apple.

Fri, 15 May 2020 18:22:50 GMT

Facebook acquires Giphy to integrate into Instagram

Facebook is buying Giphy, the popular GIF website, for further integration into Instagram, the social media tech announced on Friday, not disclosing the financial details of the deal.

Fri, 15 May 2020 17:37:18 GMT

Nissan expects bigger role for China, US markets in car sales

Nissan Motor is expecting equal contributions to the global vehicle sales from the United States, China and other markets in the following years, as the Japanese automaker aims to recover profitability.

Fri, 15 May 2020 15:45:30 GMT

Ethiopian Airlines head hopes for Boeing settlement by end-June

Ethiopian Airlines's Chief Executive Tewolde Gebremariam is expecting the settlement with the planemaker Boeing by the June-end regarding the 737 MAX plane crash in March last year.

Fri, 15 May 2020 14:43:41 GMT

US seeks to chop Huawei Tech off from worldwide chip suppliers

On Friday, Trump's Administration has moved to ban semiconductor shipments from global chipmakers to Huawei Technologies, promoting the US tensions with China.

Fri, 15 May 2020 14:19:53 GMT

Morningstar agrees on $3.5M settlement withUS SEC

On Friday, Morningstar Credit Ratings has agreed on a settlement worth $3.5M with the US Securities and Exchange Commission over charges for the conflict of interest rule's violation.

Fri, 15 May 2020 13:39:27 GMT

Mexico sees auto sector to reopen before June 1

Mexico's automotive industry might withdraw from the coronavirus lockdown earlier than June 1, in case of companies approving safety measures, the government stated on Friday.

Fri, 15 May 2020 12:30:58 GMT

Amazon's Twitch forms safety advisory council

Amazon's live-streaming platform Twitch has announced a safety advisory council formed by experienced users, anti-bullying advocates and online safety experts that will help improve the site's safety.

Fri, 15 May 2020 11:36:59 GMT

France to tax digital businesses this year

France is set to impose a digital tax on big businesses in the current year, regardless of any new international levy, the French Finance Minister announced.

Fri, 15 May 2020 09:50:39 GMT

Nvidia takes its chip to new level

The semiconductor company Nvidia Corp revealed its new chip capable to split up digitally to run multiple programmes on one physical chip, for the company's first time that usually matches Intel chips' key capability.

Fri, 15 May 2020 08:46:04 GMT

Zoom plans expansion in US with two engineering centres

Zoom Video Communications stated it was planning to expand its engineering workforce by around 60% by hiring 500 software engineers for its research and development centres in Pittsburgh and Phoenix over the following two years.

Fri, 15 May 2020 07:43:26 GMT

Tesla to build Long Range Model 3 vehicles in China

Tesla Inc, the US electric car maker, announced its plans to start producing the Long Range Model 3 cars at its Shanghai plant, aiming to deliver the vehicles to customers soon.

Fri, 15 May 2020 05:11:42 GMT

Sony to make its cash-cow image sensors smarter

Sony Corp is set to make the company's cash-cow image sensors even smarter, as it seeks broadening their application to trim reliance on the saturated smartphone market.

Fri, 15 May 2020 04:22:00 GMT

Finland's Nokia to buy back €150M of March 2021 notes

Nokia, the Finnish telecom equipment manufacturer, announced its plans to buy back €150M of the March 2021 notes due to its finance restructuring.

Fri, 15 May 2020 03:14:09 GMT

Nike sees North America business to be hit in Q4

Nike Inc warned its North American store shutdowns will have a negative impact on its wholesales and retail businesses in the Q4, as only 5% of the company's stores across the world are open amid the coronavirus pandemic.

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