News

Sat, 20 Mar 2021 16:43:01 GMT

JBS to pay $3.6M after plant's COVID outbreak

A court ordered JBS SA to pay $3.62M in damages following a COVID-19 outbreak at a beef factory in Brazil, Reuters reported.

Sat, 20 Mar 2021 16:12:29 GMT

WhatsApp employs Amazon's Mahatme

WhatsApp hired an Amazon executive to supervise its payments business in India, sources told Reuters, as the messenger gears up to grow in the sector.

Sat, 20 Mar 2021 15:22:56 GMT

Toyota to pause production at Czech plant

Toyota's Czech unit is expected to halt production at its car factory in Kolin for two weeks from March 22 amid a shortage of semiconductors, the report by CTK showed.

Sat, 20 Mar 2021 14:38:26 GMT

US, China hold bilateral talks

On Friday, the US and China held bilateral negotiations in Alaska which both parties classified as "tough and direct".

Sat, 20 Mar 2021 13:08:19 GMT

Katherine Tai pledges to leverage trade

Katherine Tai, the newly appointed US Trade Representative, promised on Friday to advance American trade to help the country to overcome financial difficulties caused by the pandemic.

Sat, 20 Mar 2021 12:11:53 GMT

Court to summon Apple's Cook

According to the US District Court filing, Apple's CEO Tim Cook and other senior managers were summoned as witnesses in the Epic Games case.

Sat, 20 Mar 2021 11:35:09 GMT

US DoJ to probe Visa

The US Department of Justice started an investigation against Visa over its allegedly anticompetitive practices used in the debit-card market.

Sat, 20 Mar 2021 10:35:27 GMT

Apple to pay for patent infringement

According to a Texas court ruling, Apple Inc is obliged to pay $308.5M compensation to Personalized Media Communications LLC for infringing one of its patents.

Sat, 20 Mar 2021 09:07:34 GMT

Capital Group increases stake in ABB

The US-based investment management company Capital Group increased its share in ABB to 5.05%, becoming the second-biggest stakeholder in the Swiss engineering firm.

Sat, 20 Mar 2021 08:30:35 GMT

BNY Mellon funds Fireblocks

The Bank of New York Mellon Corp invested in Fireblocks, the platform allowing banks and other financial institutions to issue, store and move cryptocurrencies.

Sat, 20 Mar 2021 06:46:15 GMT

Renault expects hybrid, EV sales to double

France's Renault expected its sales of hybrid and electric cars to more than double to 350K in 2021, sources close to the company stated.

Sat, 20 Mar 2021 06:31:13 GMT

Nokia inks 5G deal with AT&T

Nokia signed a five-year agreement with AT&T to deploy a 5G network on the operator's C-Band spectrum in the US, the Finnish company stated.

Sat, 20 Mar 2021 05:31:24 GMT

China bans Tesla cars from military complexes

The Chinese military banned Tesla cars from entry into its complexes due to security concerns on cameras used on the vehicles, sources told Reuters.

Sat, 20 Mar 2021 04:29:05 GMT

JPMorgan to invest in Chinese bank's unit

China Merchants Bank announced that its wealth management division is expected to receive an investment of around $414.80M from JPMorgan Asset Management (Asia Pacific).

Fri, 19 Mar 2021 21:51:08 GMT

Porsche sees advantages of IPO

Porsche AG considered the idea of a possible stock market listing, with the CFO Lutz Meschke adding the advantages of such action had been identified.

Fri, 19 Mar 2021 20:48:16 GMT

US investigates Visa over debit-card policies

As reported by the Wall Street Journal on Friday, the US Justice Department is probing Visa Inc over its debit-card practices.

Fri, 19 Mar 2021 20:01:51 GMT

FedEx profit jumps more than expected

The US courier company FedEx Corp announced on Thursday that its quarterly profit soared by 153% from a year earlier to $939 million.

Fri, 19 Mar 2021 18:55:44 GMT

Brazil's Real edges higher

On Friday, the Brazilian Real surged more than 1% against the US Dollar, marking its longest winning streak since November 2020.

Fri, 19 Mar 2021 18:01:42 GMT

Colombia's Central Bank to leave rate stable

A Reuters survey showed on Friday that the Colombian Central Bank is expected to leave its interest rate steady in March.

Fri, 19 Mar 2021 16:58:21 GMT

Momenta gets $500M from Toyota, SAIC

On Friday, China's self-driving start-up Momenta stated it had raised $500M from Toyota Motor, SAIC Motor and car parts supplier Bosch in its latest funding round.

Fri, 19 Mar 2021 15:41:30 GMT

Amazon Pay's exec to join WhatsApp

Amazon Pay's top executive Manesh Mahatme is set to join WhatsApp as a new head of the massaging app's Indian payments business, as part of an expansion plan.

Fri, 19 Mar 2021 15:15:38 GMT

Sweden's Charge Amps attracts $15M

Charge Amps, the Swedish maker of EV charging solutions, has raised $15.3M in the Swedbank Robur-led round of funding, ahead of its planned initial public offering next year.

Fri, 19 Mar 2021 13:48:23 GMT

Foxconn, VinFast consider partnership

The largest Vietnamese conglomerate Vingroup announced on Friday its vehicle unit VinFast had entered negotiations with Taiwan's Foxconn over a potential partnership to jointly focus on batteries and EV parts development.

Fri, 19 Mar 2021 12:41:10 GMT

Telecom Italia shared fall on uncertainty

On Friday, Telecom Italia's shares dropped 5% due to uncertainty over the country's broadband network project following recent ministers' comments.

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