News

Sun, 29 Nov 2020 10:06:26 GMT

VW's Diess calls to support him

Volkswagen Chief Executive Officer Herbert Diess asked on Sunday other major shareholders to support his contract prolongation.

Sun, 29 Nov 2020 08:43:20 GMT

Tesla may widen 'self-driving' software's roll-out

Elon Musk, Tesla's Chief Executive Officer, stated the company would probably widen the release of its "Full Self Driving" software upgrade in two weeks.

Sun, 29 Nov 2020 08:28:16 GMT

Alibaba, Tencent freeze talks on buying iQIYI stake

Alibaba Group Holding and Tencent Holdings both froze their separate discussions with Baidu to buy a major stake in iQIYI, the video streaming service, as they had faced scrutiny by Chinese antitrust regulators.

Sun, 29 Nov 2020 07:05:16 GMT

HSBC ponders complete exit from US

According to the Financial Times report published on Saturday, HSBC is weighing a complete departure from the US retail banking.

Sun, 29 Nov 2020 05:54:31 GMT

Modi visits key COVID-19 vaccine facilities

On Saturday, the Prime Minister of India Narendra Modi visited three of India's coronavirus vaccine facilities, as COVID-19 cases continue to surge.

Sun, 29 Nov 2020 04:43:28 GMT

ECB expects lower inflation

On Saturday, the Vice-President of the European Central Bank Luis de Guindos said that the bank expects lower inflation in the Eurozone until the end of the year.

Sun, 29 Nov 2020 04:31:13 GMT

Iran reports slowdown in COVID-19 infections

On Saturday, the Iranian Health Ministry spokeswoman announced a slowdown in COVID-19 infections.

Sat, 28 Nov 2020 22:14:39 GMT

UK, EU meet for face-to-face negotiations

The EU chief negotiator Michel Barnier arrived in London on Saturday to restart a post-Brexit trade deal negotiations with the British negotiator David Frost.

Sat, 28 Nov 2020 20:59:44 GMT

Kia, Hyundai agree to civil penalty

On Saturday, Kia Motors and Hyundai Motor Co American units agreed to a $210M civil penalty for failure to recall 1.6M cars timely.

Sat, 28 Nov 2020 20:35:02 GMT

Canada imposes restrictions on drugs export

The Health Minister of Canada Patty Hajdu stated on Saturday that from now on the government would prohibit exporting prescription drugs in case of their shortage in the country itself.

Sat, 28 Nov 2020 19:08:01 GMT

HSBC explores exit from retail banking in US

HSBC Holdings is exploring a possibility of a complete withdrawal from the US retail banking after it had narrowed options for performance improvement at its North American business, according to the Financial Times report published on Saturday.

Sat, 28 Nov 2020 18:20:22 GMT

Deutsche Bank sees rebound in trade finance

Deutsche Bank's executive stated the lender was expecting a rebound in trade financing to the pre-coronavirus levels by the mid-2021.

Sat, 28 Nov 2020 16:57:53 GMT

EU approves SFR FTTH's Covage acquisition

The European Commission granted its approval for the acquisition of France's fibre optics operator Covage by the rival SFR FTTH that is controlled by Allianz, Altice and Omers.

Sat, 28 Nov 2020 15:49:47 GMT

Tesla likely to widen 'self-driving' software launch

Tesla's CEO Elon Musk stated the company was likely to widen the roll-out of its "Full Self Driving" software in two weeks.

Sat, 28 Nov 2020 15:07:18 GMT

Amazon to spend $500M in holiday bonuses

Amazon.com pledged to give over $500M in bonuses to the company's US front-line employees working for the holiday season during the COVID-19 pandemic.

Sat, 28 Nov 2020 14:25:50 GMT

UniCredit to update business plan next year

UniCredit has hired JPMorgan and Goldman Sachs as strategic advisers, as the bank seeks updating its business plan in 2021 and considers a potential acquisition deal of Monte dei Paschi.

Sat, 28 Nov 2020 13:30:08 GMT

GM plans to apply for banking charter

According to the Wall Street Journal, GM wants to make an application for a banking charter to extend its auto-finance part of business.

Sat, 28 Nov 2020 12:33:02 GMT

ECB notes lower inflation

The European Central Bank VP Luis de Guindos stated on Saturday that the bank expected prices to continue falling at least until mid 2021.

Sat, 28 Nov 2020 11:24:13 GMT

Germany's partial lockdown to last until spring

The German Economy Minister Peter Altmaier stated on Saturday that partial lockdown most probably would last the whole winter.

Sat, 28 Nov 2020 10:31:47 GMT

HSBC might leave US

According to the Financial Times, HSBC is considering possibility of leaving the US retail market amid inability to substantially improve the business there.

Sat, 28 Nov 2020 08:51:54 GMT

Airbus resells six A320neo jets

Airbus resold its six A320neo jets, which have been rejected by Malaysia's AirAsia, as the planemaker works off its surplus left by COVID-19-caused crisis.

Sat, 28 Nov 2020 08:22:29 GMT

Kia, Hyundai agree to US car safety civil penalty

Kia Motors and Hyundai Motor's US units agreed to a $210M civil penalty after the US car safety regulators had claimed they did not recall 1.6M vehicles over engine issues.

Sat, 28 Nov 2020 07:02:56 GMT

Deutsche Bank forecasts trade finance to rebound

Deutsche Bank is expecting trade finance to rebound to pre-coronavirus levels by the middle of 2021, Daniel Schmand, Deutsche Bank's Head of Trade Finance and Lending said on Friday.

Sat, 28 Nov 2020 06:09:20 GMT

EU clears SFR FTTH takeover of Covage

On Friday, the European Commission announced that it had approved SFR FTTH acquisition of the French fibre optics firm Covage.

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