News

Tue, 01 Dec 2020 18:48:54 GMT

Amazon, BlackBerry team up for car platform

Amazon and BlackBerry developed a cloud-based platform designed to help suppliers and automakers standardize card data and fasten deployment of new features and services.

Tue, 01 Dec 2020 17:58:35 GMT

Airbnb aims for almost $35B valuation in IPO

Airbnb announced its intention to get a nearly $35B valuation in the US IPO this year after the home rental company was ravaged by the coronavirus crisis.

Tue, 01 Dec 2020 16:46:29 GMT

Poste Italiane to receive €1.3B compensation

The European Commission authorised compensation of €1.3B to Poste Italiane granted by the Italian government to fulfil the firm's public service mission, a statement showed.

Tue, 01 Dec 2020 15:58:10 GMT

Jacobs Engineering buys stake in PA Consulting

Jacobs Engineering announced that it would buy a stake of 65% in PA Consulting, expecting the management consultancy company at a £1.83B enterprise value.

Tue, 01 Dec 2020 14:53:41 GMT

Fiat to electrify majority of its cars

Fiat Chrysler's brand Fiat is planning to electrify 60% of its vehicle models by the 2021-end, according to the EMEA Head Luca Napolitano statement made on Tuesday.

Tue, 01 Dec 2020 14:29:37 GMT

Wall Street to open higher in December

On Tuesday, Wall Street was set for a strong start on better-than-anticipated China's factory data and hopes for a launch of the COVID-19 vaccine.

Tue, 01 Dec 2020 12:56:40 GMT

Moderna files for EU authorisation of vaccine candidate

On Tuesday, the European Medicines Agency stated it had received an application from Moderma for its COVID-19 vaccine candidate's marketing authorisation.

Tue, 01 Dec 2020 12:28:20 GMT

Pfizer-BioNTech seek launching vaccine in December

Pfizer and BioNTech are seeking an EU emergency approval for their COVID-19 vaccine, as the companies plan to roll it out in Europe already this month.

Tue, 01 Dec 2020 10:40:48 GMT

OECD comments on global economy

On Tuesday, the OECD stated that the global economy was improving despite the second coronavirus wave.

Tue, 01 Dec 2020 10:20:12 GMT

Cyber Monday likely to hit US online sales record

Cyber Monday is likely to hit the all-time record high in the US online retail sales, gaining up to $11.4B on a higher demand for online shopping during the coronavirus pandemic.

Tue, 01 Dec 2020 08:53:24 GMT

Softbank acquires Sinch's 10.1% stake

Softbank-owned SB Management acquired a 10.1% stake of Sinch, Sweden's cloud computing services operator, purchasing stakes from its major shareholders as well as participating in the directed share issue.

Tue, 01 Dec 2020 07:45:13 GMT

Samsung may halt Galaxy Note range

Samsung Electronics may discontinue the premium Galaxy Note smartphone range in 2021, in a potential move that would affect the company with a sharp decline in demand for its high-end devices due to the COVID-19 pandemic.

Tue, 01 Dec 2020 07:35:19 GMT

LG Chem to lift battery cell capacity for Tesla

South Korea's LG Chem is planning to over double its China-made battery cells' production capacity next year to meet Tesla's demand amid the carmaker's rapid growth in the largest car market.

Tue, 01 Dec 2020 06:00:50 GMT

S&P Global buys IHS Markit

On Monday, S&P Global revealed that the data giant would buy IHS Markit Limited in a deal valued at $44 billion.

Tue, 01 Dec 2020 04:40:28 GMT

Oil prices decline

As OPEC+ countries discussed future plans on Monday, crude oil prices declined by 1%, which indicates that the markets expected an end of production cuts.

Tue, 01 Dec 2020 04:31:08 GMT

Global stocks book record month

On Monday, global stock indices ended the day's trading by booking a record 13% monthly surge.

Mon, 30 Nov 2020 21:41:23 GMT

US Dollar recovers after low level

During Monday's US trading hours, the US Dollar recovered after touching a two-year low level during European trading.

Mon, 30 Nov 2020 20:45:42 GMT

GM, Nikola reveal reworked agreement

General Motors and Nikola announced a new agreement over the fuel-cell partnership, which eliminates plans for building an electric pickup truck and equity stake in the startup for GM.

Mon, 30 Nov 2020 19:51:20 GMT

S&P Global to acquire IHS Markit

Business information provider S&P Global agreed to pay $44B in stock to acquire IHS Markit to expand as a data provider.

Mon, 30 Nov 2020 19:23:47 GMT

Facebook to buy Kustomer

Facebook announced on Monday that it is set to buy Kustomer, the customer service startup, aiming to adds instruments to attract more sellers to its platforms.

Mon, 30 Nov 2020 18:25:10 GMT

Thailand exports fall

Exports from Thailand declined 5.6% in October, compared to the same period the previous year, a report published by the Bank of Thailand shows.

Mon, 30 Nov 2020 17:02:14 GMT

Belarus foreign debt rises 5.8%

Foreign debt of Belarus increased by 5.8% to $18.1B in January-October period, compared to the same period in 2019, data published by the Finance Ministry show.

Mon, 30 Nov 2020 16:33:38 GMT

Finland improves growth forecast

The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.

Mon, 30 Nov 2020 14:49:15 GMT

CEO of Tokyo Stock Exchange resigns

On Monday, the CEO of Tokyo Stock Exchange Koichiro Miyahara stepped down from his post due to the last month's tech issues.

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