News

Tue, 22 Dec 2020 16:35:57 GMT

Fed asks Credit Suisse to boost AML policies

Credit Suisse Group was ordered by the US Federal Reserve to boost the anti-money laundering policies, following deficiencies in its US operations found by bank examiners.

Tue, 22 Dec 2020 15:17:23 GMT

EU makes final push in trade talks

During an address to the EU leaders, the EU Chief Brexit Negotiator Michel Barnier stated that the EU would make a final push to reach a trade deal with the UK.

Tue, 22 Dec 2020 14:08:10 GMT

Apple shares surge on market open

At the start of Tuesday's US trading, the stock price for Apple jumped by 3%, as news were published about the company planning to enter the auto market in 2024.

Tue, 22 Dec 2020 13:05:18 GMT

ByteDance considers buying stake in CMGE

China's ByteDance is considering to acquire a stake in CMGE Technology Group, the mobile games publisher, as the company seeks to boost its growth's next pillar.

Tue, 22 Dec 2020 12:26:41 GMT

Airbus to become world's bigger jetmaker again

Airbus is expected to beat Boeing as the biggest planemaker in the world for the second consecutive year, ending 2020 by relaunching the A380 superjumbo deliveries to Emirates, despite its final delivery results are seen to have tumbled 35% from 2019.

Tue, 22 Dec 2020 10:39:10 GMT

European shares recover

During Tuesday's European trading hours, stock indices recovered, as US stimulus was expected to boost the global economy.

Tue, 22 Dec 2020 09:46:02 GMT

VW probed over JLR patent infringement

The US International Trade Commission has opened an official probe into Volkswagen's potential infringement of the Jaguar Land Rover-held patents, according to Reuters.

Tue, 22 Dec 2020 08:44:47 GMT

MGM Holdings explores sale

MGM Holdings, the US movie studio behind the "James Bond" franchise, has tapped LionTree and Morgan Stanley investment banks to lead its potential sale, with the company's market value being of about $5.5B, including debt.

Tue, 22 Dec 2020 08:00:08 GMT

Airlines to screen UK passengers for coronavirus

British Airways, Virgin Atlantic and Delta Air Lines agreed to screen the JFK-bound passengers from Britain for the coronavirus, allowing to fly to the New York largest airport only to those who test negative.

Tue, 22 Dec 2020 06:50:10 GMT

Apple aims at car production within four years

Apple is developing its self-driving car technology, targeting car production by 2024, saying it could include the company's own brand new battery technology, Reuters reported.

Tue, 22 Dec 2020 04:03:44 GMT

Asian shares down on COVID-19 concerns

On Tuesday, Asian stocks declined, while oil prices tumbled, on fresh concerns over highly infectious new COVID-19 strain, as Britain's shutdown could result in slower economic recovery.

Tue, 22 Dec 2020 00:33:58 GMT

Tesla shares drop in S&P 500 debut

Tesla's shares tumbled 6.5% from their record high on Monday in the S&P 500 debut, following a report on possible future competition from rival Apple.

Mon, 21 Dec 2020 20:41:59 GMT

EU investigates $30B Aon, Willis Towers deal

EU antitrust regulators have launched a full-scale inquiry into Aon's potential $30B takeover deal of Willis Towers Watson, aimed at building the world's biggest insurance broker, over concerns the bid might reduce competition.

Mon, 21 Dec 2020 19:59:42 GMT

Regulator approves Pfizer vaccine use in EU

On Monday, Europe's medicines regulator has granted the approval for the Pfizer-made COVID-19 vaccine's use, paving the way for the EU to begin inoculations after Christmas.

Mon, 21 Dec 2020 18:45:02 GMT

Air transport faces disruption in EU

Europe's air transport faces significant disruption due to the majority of countries banning flights from the UK due to new coronavirus strain-related fears, Reuters reported.

Mon, 21 Dec 2020 17:42:34 GMT

Aramco to offer Google Cloud in Saudi Arabia

Saudi Aramco Development has partnered Google Cloud to bring its cloud services to Saudi Arabian customers, Aramco announced on Monday.

Mon, 21 Dec 2020 16:47:09 GMT

IBM to acquire EU's Nordcloud

International Business Machines is set to acquire Nordcloud, the European cloud start-up, the computing giant announced on Monday, not disclosing the financial details of the deal.

Mon, 21 Dec 2020 15:42:31 GMT

US airline stocks drop on new COVID-19 strain

On Monday, shares of the US airlines dropped in premarket trading on the news about new rapidly-spreading coronavirus strain in the UK, which sparked fears over widespread travel bans, with many countries already closing borders.

Mon, 21 Dec 2020 15:25:09 GMT

Biden appoints extra NEC members

On Monday, the US President-Elect Joe Biden appointed additional members of the National Economic Council, according to the statement made by his transition team.

Mon, 21 Dec 2020 14:09:07 GMT

GBP/USD decline reaches 1.3200 mark

The Pound has been continuously declining against the US Dollar since Thursday, as the country struggled to negotiate trade with the EU and battle the coronavirus.

Mon, 21 Dec 2020 13:28:42 GMT

World shuts its borders to UK

On Monday, many countries have closed the borders to the UK due to fears over a new coronavirus strain that heightened global panic, triggering travel chaos.

Mon, 21 Dec 2020 12:32:56 GMT

Crude oil prices fall

On Monday, crude oil price benchmarks dropped by nearly $3, as travel restrictions to the UK were expected to decrease demand.

Mon, 21 Dec 2020 11:24:41 GMT

Congress votes on stimulus

On Monday, the US Congress was set to vote on a $900 billion coronavirus aid package.

Mon, 21 Dec 2020 10:17:13 GMT

Shell to cut oil and gas assets

On Monday, Royal Dutch Shell stated it was planning to write down its gas and oil assets' value by $3.5B to $4.5B after 2020 impairments as the company adjusts to a lower outlook.

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