News

Tue, 22 Sep 2020 17:44:20 GMT

Ford plans $1.46B investment in Canada plants

Ford Motor is planning an investment worth $1.46B in its Canadian factories, Windsor and Oakville, as part of its deal with the country's Unifor union.

Tue, 22 Sep 2020 16:43:23 GMT

Siemens Energy value is revealed

On Tuesday, Reuters revealed that its source had reported that Siemens evaluates Siemens Energy at 17 billion Eur.

Tue, 22 Sep 2020 15:50:24 GMT

UK increases coronavirus measures

The Prime Minister of the United Kingdom stated on Tuesday that people should work from home and ordered the closure of restaurants and pubs.

Tue, 22 Sep 2020 14:41:05 GMT

ECB Board Member comments on policy

On Tuesday, Board Member of the ECB Fabio Panetta stated that the central bank should rather make mistakes by overdoing stimulus not providing too little of it.

Tue, 22 Sep 2020 13:48:09 GMT

Veolia open to Suez offer price discussion

On Tuesday, the French utility Veolia stated it was ready to talks about the acquisition price it was offering for Engie's stake in Suez, the waste and water management group.

Tue, 22 Sep 2020 12:47:39 GMT

Iliad's Polish deal faces Oct. 26 deadline

The European antitrust regulators are set to pass their verdict by October 26 whether to approve Iliad's $4.1B bid for Play, the Polish mobile group, in a deal that can make Illiad the sixth biggest mobile operator in the EU.

Tue, 22 Sep 2020 11:52:01 GMT

China unlikely to grant approval for TikTok deal

China's Beijing is unlikely to grant its approval for the Walmart-Oracle "unfair" deal with ByteDance to acquire the video-streaming app TikTok, according to Global Times newspaper.

Tue, 22 Sep 2020 11:28:57 GMT

Deutsche Bank to shut 20% of local branches

Deutsche Bank announced its plans to close one of its five domestic branches in Germany, in the lender's latest efforts to save costs as well as capitalise on new customer habits triggered by the COVID-19 pandemic.

Tue, 22 Sep 2020 09:14:03 GMT

European stocks recover

During Tuesday's European trading hours, European stock indices recovered in the aftermath of the previous sharp drop.

Tue, 22 Sep 2020 09:02:12 GMT

Quibi considers several strategic options

The streaming service Quibi is considering a few strategic options, such as sale or going public via merger, according to the Wall Street Journal report published on Monday.

Tue, 22 Sep 2020 07:46:57 GMT

Airbus reveals concepts for zero-emission plane

Airbus has presented three visual concepts designed for hydrogen-powered airplanes, in the company's latest push to draw attention to the zero-emission efforts it tries to fulfil amid the EU goal to go greener in technology.

Tue, 22 Sep 2020 06:43:41 GMT

Trump to discuss US tech liability shield

The US President Donald Trump set a meeting with the Republican state attorneys general group's on Wednesday to revise the key legislation that shields the social media firms from liability for their content posted by users.

Tue, 22 Sep 2020 06:36:35 GMT

Baidu-backed WM Motor attracts $1.5B

On Tuesday, WM Motor, the Baidu-backed Chinese electric vehicle start-up, announced it had raised $1.47B in its latest round of funding.

Tue, 22 Sep 2020 05:23:44 GMT

US invests in infrastructure

On Monday, the US House of Representatives proposed a $14 billion bill that would invest in highways and airports.

Tue, 22 Sep 2020 05:23:35 GMT

ByteDance and Oracle reveal statements

During Monday's trading, ByteDance and Oracle published conflicting statements about the terms of the agreement over TikTok deal.

Tue, 22 Sep 2020 03:30:54 GMT

Banks react to illicit transfers

On Monday, global bank stocks declined, as the banking sector faced a scandal of transferring nearly $2 trillion of illicit funds.

Mon, 21 Sep 2020 20:47:06 GMT

Wall Street declines

During Monday's US trading hours, US stocks reached a seven week low level, as news of possible corona lockdowns in Europe weighted in.

Mon, 21 Sep 2020 19:46:44 GMT

Gold prices drop

On Monday, gold prices dropped by more than 3%, as the US Dollar gained strength and risk off sentiment took hold.

Mon, 21 Sep 2020 18:44:42 GMT

Fed comments on economy

The US Federal Reserve announced on Monday that the US household wealth had returned to pre-coronavirus levels.

Mon, 21 Sep 2020 18:27:25 GMT

US debt expectations are published

On Monday, the Congressional Budget Office of the United States revealed that the US debt could double by the year of 2050.

Mon, 21 Sep 2020 16:29:06 GMT

Atlantia plans separating motorway unit

On Monday, Italy's Atlantia confirmed it still sought to split Autostrade per l'Italia, its motorway unit, from the group likely through the direct sale of Atlantia's 88% stake in the division.

Mon, 21 Sep 2020 15:53:01 GMT

Rolls-Royce shares drop to 16-year low

Shares of Rolls-Royce hit their lowest level since 2004 on Monday, after the engine maker had confirmed its consideration of the rights issue worth $3.23B.

Mon, 21 Sep 2020 15:28:40 GMT

Microsoft takes over ZeniMax

On Monday, Microsoft reported it would take over the owner of Doom and Fallout, ZeniMax Media, in a eal worth $7.5B, boosting its offering of Xbox video games.

Mon, 21 Sep 2020 13:53:24 GMT

Illumina to acquire cancer testing firm Grail

Illumina, the gene sequencing firm, is set to acquire Grail Inc, the Jeff Bezos-backed cancer screening start-up, in a cash-and-stock deal worth $8.0B, both companies announced on Monday.

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