News

Fri, 04 Dec 2020 09:42:12 GMT

US likely to post slowest job growth

The United States is expected to report its slowest job growth in six months, with November non-farm payrolls likely increasing by 469K jobs after surging by 638K in October, Reuters survey showed.

Fri, 04 Dec 2020 08:52:47 GMT

Nestle to invest $3.6B to trim carbon emissions

Nestle is planning an investment worth $3.58 billion during the following five years to cut its carbon emissions to zero by 2050.

Fri, 04 Dec 2020 08:12:50 GMT

UBS names new Swiss unit president

On Friday, UBS Group has appointed Sabine Keller-Busse, the EMEA head and Chief Operating Officer, as the new UBS Switzerland president effective from February 1, 2021.

Fri, 04 Dec 2020 06:57:51 GMT

Microsoft unveils new cloud-based tool

Microsoft has revealed its new cloud-based tool deemed to help businesses get handle on data and operations and will be generally available "shortly".

Fri, 04 Dec 2020 06:02:20 GMT

Rimac: SPAC funding may harm EV industry

Rimac, the electric hypercar maker, stated that the growing demand for SPACs, used to raise money for electric cat start-ups, could damage the industry's long-term prospects.

Fri, 04 Dec 2020 05:01:08 GMT

Biden picks new NEC head

On Thursday, the US President-elect Joe Biden has picked former Barack Obama's official, Brian Deese, to lead the National Economic Council.

Fri, 04 Dec 2020 04:04:24 GMT

US carriers trim 29K jobs through mid-Oct

The US cargo and passenger airline industry faced total employment drop by about 29K employees through mid-October, as lay-off restrictions set by the government expired.

Thu, 03 Dec 2020 21:43:46 GMT

Ryanair to acquire 75 extra Boeing jets

Ryanair made a new order of 75 additional 737 MAX jets from Boeing with the $9.0B list price, sending the US planemaker's shares up 5.2% on Thursday.

Thu, 03 Dec 2020 20:46:20 GMT

Australian wine to stay under duties in China

The Chinese Commerce Ministry stated that it will keep anti-dumping duties over imports of wine from Australia for four months.

Thu, 03 Dec 2020 20:01:09 GMT

Nestle to spend billions to cut CO2 emissions

Nestle announced plans to invest 3.2B Swiss francs or $3.58B over the five years to step towards its goal of net-zero emissions by 2050.

Thu, 03 Dec 2020 18:50:51 GMT

Walmart to spend $700M on employee bonuses

Walmart is expected to spend more than $700M on bonuses as compensation for helping meet an increase in demand for essential goods in the coronavirus crisis.

Thu, 03 Dec 2020 18:23:33 GMT

LafargeHolcim to reduce CO2 emissions

LafargeHolcim was allocating 100M Swiss francs or nearly $111.89M to cut its CO2 emissions in India, the world's biggest cement maker stated.

Thu, 03 Dec 2020 16:52:17 GMT

JD Logistics looks for bank pitches for IPO

JD Logistics asked banks to pitch for the lead role in Hong Kong IPO of up to $3B, aiming to launch the deal in the H1 of 2021, two sources familiar with the matter stated.

Thu, 03 Dec 2020 16:03:49 GMT

Flipkart's PhonePe to raise $700M

PhonePe, the digital payments operations of Walmart's e-commerce arm Flipkart, announced that it is set to sell a stake to existing investors for $700M.

Thu, 03 Dec 2020 15:17:59 GMT

US Dollar reaches record low level

During Thursday's European trading hours, the US Dollar index reached low levels not experienced since May of 2018.

Thu, 03 Dec 2020 13:48:16 GMT

3M to trim 2,9K jobs amid restructuring

On Thursday, 3M stated it would reduce about 2,9K job positions globally as well as scale back on its investments in the non-rapid-growing markets amid the company's restructuring.

Thu, 03 Dec 2020 12:49:27 GMT

Norwegian Air tries to survive pandemic

On Thursday, Norwegian Air proposed restructuring, planes and New shares sale in the carrier's efforts to survive the coronavirus crisis.

Thu, 03 Dec 2020 11:40:37 GMT

US TikTok ban hearing scheduled for Dec. 14

US federal appeals court scheduled a hearing on TikTok new user ban for December 14, it announced earlier this week.

Thu, 03 Dec 2020 09:42:00 GMT

Flipkart to separate digital payments business

On Thursday, Walmart-controlled India's e-commerce company Flipkart announced it would partially spin off PhonePe, aiming to expand the access of the digital payments platform to capital to bolster its growth.

Thu, 03 Dec 2020 09:27:51 GMT

Daimler picks Pischetsrieder as chairman candidate

On Thursday, the German carmaker Daimler stated it was set to propose Bernd Pischetsrieder, the former BMW and Volkswagen executive, as a candidate to become the carmaker's chairman.

Thu, 03 Dec 2020 06:40:53 GMT

Snowflake's loss widens in quarter post IPO

Buffett-backed data warehouse company Snowflake reported a bigger Q3 loss of $168M in the first quarterly result after its IPO in September.

Thu, 03 Dec 2020 04:44:57 GMT

XPO Logistics to detach warehousing business

XPO Logistics Inc announced its plans to spin off its logistics and warehousing business into a separate publicly-traded company, which will focus on e-commerce fulfilment.

Thu, 03 Dec 2020 04:29:07 GMT

Macquarie to acquire Waddell & Reed Financial

Australia's Macquarie Group announced that it agreed to buy the investment management company Waddell & Reed Financial for $1.7B in cash.

Wed, 02 Dec 2020 22:16:48 GMT

Uber in talks to sell Uber Elevate

Uber Technologies was in advanced negotiations to sell air taxi operations, "Uber Elevate", to aerospace company Joby Aviation, Axios reported, citing sources.

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