News

Mon, 24 May 2021 08:45:10 GMT

Cineworld reopening tops expectations

On Monday, Cineworld reported its reopening weekend in Britain had beat expectations as "Peter Rabbit 2", the animated comedy, lured crowds after months-long lockdown.

Mon, 24 May 2021 08:35:27 GMT

Renault-Nissan Indian workers plans strike

Renault-Nissan's India union stated on Monday the factory workers are not planning to report for their work starting from Wednesday, as their safety demands related to COVID-19 were not met.

Mon, 24 May 2021 07:21:18 GMT

Hyundai brings hydrogen trucks to Europe

Hyundai Motor is planning to roll out new class of Xcient fuel-cell trucks in Europe later in 2021, according to Mark Freymueller, the Hyundai Hydrogen Mobility CEO.

Mon, 24 May 2021 06:27:09 GMT

G7 to reach big firms taxation accord

G7 is nearing an agreement on taxation of the world's largest companies, signalling the global deal could be signed later this year, according to the Financial Times.

Mon, 24 May 2021 05:00:08 GMT

Biden's spending triggers raging inflation

Biden's spending plan produces raging inflation and people who don't want to work, the Senate's Republican leader Mitch McConnel says.

Mon, 24 May 2021 04:00:08 GMT

Deutsche Bank sets 50% women management quota

Deutsche Bank will appoint women to roughly 50% of vacant management positions to achieve its 2025 gender target, a report shows.

Mon, 24 May 2021 03:00:08 GMT

China greenlights news IPOs

The China Securities Regulatory Commission approved the initial public offering of six companies on the ChiNext board.

Sun, 23 May 2021 22:19:47 GMT

Tesla faces loss on BTC investment

After a recent decline in Bitcoin prices, Tesla is likely facing a loss on it's BTC position, various sources report.

Sun, 23 May 2021 20:00:06 GMT

RWE, BASF plan new project

The German utility RWE and chemicals giant BASF are planning a potential $4.9B wind power project aimed to trim emissions at the most power-hungry industrial site in Germany.

Sun, 23 May 2021 19:00:06 GMT

Ireland may resume Facebook probe

The Irish data regulator gave Facebook six weeks to provide it with submissions as part of an inquiry that may cause a ban on Facebook's transatlantic data transfers after the High Court had ruled it might resume the probe.

Sun, 23 May 2021 18:00:07 GMT

China bars Tesla from some compounds

The Chinese government's employees at some offices who own Tesla cars were asked not to park the vehicles inside government compounds amid security concerns over the cameras installed on their cars.

Sun, 23 May 2021 17:00:07 GMT

Wejo plans SPAC merger

The auto data start-up Wejo has entered talks with Virtuoso Acquisition Corp over going public via a SPAC merger in a potential deal that could value the UK firm at over $1.0B.

Sun, 23 May 2021 16:00:05 GMT

Bitcoin drops 10% on Sunday

Bitcoin tumbled as much as 10% to $33,747.21 during Sunday's afternoon hours, losing $3,753.33 from the cryptocurrency's previous close.

Sun, 23 May 2021 14:45:25 GMT

VW Mexico sees output changes in June

Volkswagen's Mexico unit is expecting adjustments for the three production segments starting from June amid the ongoing global shortage of semiconductor chips.

Sun, 23 May 2021 13:41:11 GMT

Nasdaq gets SEC approval for fund raising

The exchange operator Nasdaq got a green light from the US Securities and Exchange Commission for allowing firms to raise their capital via direct listings.

Sun, 23 May 2021 13:34:59 GMT

Inditex to shut stores in Venezuela

Zara owner Inditex is planning to shut down all the stores located in Venezuela in the next couple of weeks after its deal with Phoenix World Trade, its local partner, has come under review.

Sun, 23 May 2021 12:18:25 GMT

Airbus to increase A220 plane range

Airbus is planning to boost its smallest A220 jet's range, in a move that will allow airlines to launch more specific routes internationally.

Sun, 23 May 2021 11:25:05 GMT

Boeing sees fresh sprint in 737 MAX output

Boeing has unveiled preliminary plans for the 737 MAX output jump to 42 aircraft per month in late-2022, as the planemaker seeks to extend the recovery from the COVID-19 and overlapping safety crises.

Sun, 23 May 2021 10:17:17 GMT

Renault-Nissan seeks to keep producing in India

Renault-Nissan told the Indian court that it could not stop production at the car plant to fill orders, rejecting employee union's claims about ignoring the COVID-19 safety protocols.

Sun, 23 May 2021 09:34:18 GMT

Snap to take over AR firm WaveOptics

Snap has agreed to buy WaveOptics, Britain's augmented reality technology firm, in a deal valued at more than $500 million.

Sun, 23 May 2021 08:00:07 GMT

Canada employment declines

The unemployment rate in Canada increased to more than 8% in April as the country introduced stricter health measures, the Statistics Canada reports.

Sun, 23 May 2021 07:26:00 GMT

Elon Musk reaffirms support of cryptocurrencies

Elon Musk reaffirmed support of cryptocurrencies in the battle against fiat in a reply to a user on Twitter.

Sun, 23 May 2021 06:00:05 GMT

TikTok CEO resigns

TikTok CEO Zhang Yiming plans to resign by the end the year to focus on the long-term strategy as well as to "read more books and daydream".

Sun, 23 May 2021 05:00:09 GMT

Central banks to develop own digital currencies

Central banks are interested in developing their own digital currencies as the use of cash declines, senior adviser to the CEO at UBS Huw van Steenis says. 

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