News

Mon, 15 Mar 2021 20:17:28 GMT

Brazil inflation outlook rises

Brazil expects a 4.6% inflation in 2021, significantly above the previous target of 3.75%, a survey of economists published by the central bank shows.

Mon, 15 Mar 2021 19:01:26 GMT

Canadian housing starts drop

Canadian housing starts declined 13.5% in February, compared to the previous month, data published by the Canadian Mortgage and Housing Corporation show.

Mon, 15 Mar 2021 17:59:03 GMT

Battery maker Northvolt receives $14B order

The Swedish battery maker Northvolt won a $14B order from Germany's Volkswagen as the company aims to have 25% of the European market share by 2030, a report shows.

Mon, 15 Mar 2021 17:17:41 GMT

Volkswagen to build own gigafactories

Volkswagen plans to build its own gigafactories in Europe and expand electric vehicle infrastructure globally in an effort to speed up adoption of battery powered vehicles, the company reports.

Mon, 15 Mar 2021 16:35:09 GMT

Roche buys GenMark

Roche, the Swiss pharmaceuticals manufacturer, announced a $1.8M cash purchase of GenMark Diagnostics, a statement publsihed by the company shows.

Mon, 15 Mar 2021 15:17:16 GMT

Airlines report increases in leisure travel

On Monday, Southwest Airlines and JetBlue Airways reported that leisure travel had been increasing together with the start of global coronavirus vaccinations.

Mon, 15 Mar 2021 13:47:59 GMT

Bitcoin retraces downwards

During Monday's trading hours, in the aftermath of booking a new all-time high during the weekend, the price for Bitcoin declined below the 55,000 level.

Mon, 15 Mar 2021 12:45:47 GMT

US Dollar recovers

On Monday, the US Dollar entered its second session of gains. However, the currency index was still at March 10 levels.

Mon, 15 Mar 2021 11:44:23 GMT

China's factory, retail sector activity rises

The retail and factory sector activity in China surged during the 2021's first two months, topping estimates, as the economy is recovering from the coronavirus pandemic.

Mon, 15 Mar 2021 11:13:16 GMT

VW to switch type of EV battery

Volkswagen has announced on Monday about its plans to switch the electric vehicle battery type, leaving the carmaker's supply deals with SK Innovation and LG Energy Solution in doubt.

Mon, 15 Mar 2021 10:18:24 GMT

Baidu's Kunlun finalises new funding

On Monday, China's search giant Baidu announced its AI chip division Kunlun had recently completed a fundraising round at the valuation of about $2.0B.

Mon, 15 Mar 2021 09:37:26 GMT

Deliveroo aims at $1.4B shares sale in IPO

On Monday, Deliveroo said it was planning to sell about $1.39B of its new shares in the IPO, in potentially the largest London listing in over seven years.

Mon, 15 Mar 2021 05:59:32 GMT

Crude oil prices edge higher

On Monday, crude oil prices edged higher. Brent crude futures for May surged by 0.3% to $69.45 a barrel by 01:02 GMT, while the US WTI crude for April was at $65.90.

Mon, 15 Mar 2021 05:00:01 GMT

Global stock prices edge higher

On Monday, global equity markets edged higher, as investors and traders bet on a faster economic recovery.

Mon, 15 Mar 2021 03:59:12 GMT

First Digital Bank starts operation in Israel

On Sunday, the Israeli First Digital Bank began operations on a testing basis and announced that it planned to open to the general public later this year.

Mon, 15 Mar 2021 02:36:04 GMT

VW plans to cut around 4,000 jobs

According to sources with knowledge of the matter, the German automaker Volkswagen plans to slash roughly 4,000 jobs at its factories in Germany via early retirement.

Sun, 14 Mar 2021 21:31:43 GMT

Volkswagen retires workers

Volkswagen revealed to Handelsblatt that the company would retire 5,000 workers in a new early retirement program.

Sun, 14 Mar 2021 19:43:04 GMT

Virgin Atlantic raises capital

On Sunday, Virgin Atlantic revealed that it would raise 160 million GBP in a new round of financing.

Sun, 14 Mar 2021 19:30:54 GMT

S&P comments on oil producers

S&P Global announced on Sunday that the oil-rich region of the Persian Gulf would recover economically very slowly.

Sun, 14 Mar 2021 17:44:03 GMT

Singapore reopens borders

On Sunday, the Prime Minister of Singapore Lee Hsien Loong stated in an interview that Singapore could reopen its borders by the end of this year.

Sun, 14 Mar 2021 16:12:57 GMT

Biden and Suga arrange meeting

Japanese newspaper Yomiuri announced on Sunday that the President of the United States Joe Biden and Japanese Prime Minister Yoshihide Suga would meet on April 9.

Sun, 14 Mar 2021 15:45:51 GMT

Biden enlists FEMA

On Saturday, the US President Joe Biden enlisted the help of the Federal Emergency Management Agency to deal with a surge of illegal immigration.

Sun, 14 Mar 2021 14:40:30 GMT

British Airways comment on vaccination

British Airways announced on Sunday that they would call for a permission for free travel for all COVID-19 vaccinated people.

Sun, 14 Mar 2021 13:43:27 GMT

Bank of Spain comments on economy

On Sunday, the Governor of the Bank of Spain Pablo Hernandez de Cos stated that the recovery from Covid-19 would be slower than previously forecast.

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