News

Sat, 26 Oct 2019 05:30:51 GMT

Tesla to deliver Shanghai-built cars in 2020

Tesla announced that its Model 3 electric car manufactured in Shanghai's factory was open for reservations, adding that the first batch is likely to be delivered in the Q1 of 2020.

Sat, 26 Oct 2019 04:28:59 GMT

Fiat Chrysler recalls 108K Ram 1500 trucks

Fiat Chrysler Automobiles announced that it is recalling 108K Ram 1500 diesel pickup trucks in the US due to coolant leaks tied to reports of some minor injuries and fires.

Sat, 26 Oct 2019 02:42:29 GMT

Reliance to create $15B digital unit

India's Reliance Industries stated that it would invest $15B to create digital services company, seeking to cut debt at the telecom venture.

Sat, 26 Oct 2019 02:35:51 GMT

ARM to keep supplying chip technology to Huawei

Chip designer ARM is set to continue to supply Huawei after the UK firm's legal department ruled that the chip technology was of UK origin and is unlikely to breach US restrictions.

Fri, 25 Oct 2019 19:41:45 GMT

EU shelves Brexit

The European Union announced on Friday that it has agreed to London's request to extend Brexit without a set departure date.

Fri, 25 Oct 2019 18:42:08 GMT

China asks tariff removal

On Friday, Chinese trade officials asked the US to remove some tariffs in exchange for buying US agricultural products.

Fri, 25 Oct 2019 17:40:43 GMT

Indonesia publishes report on 737 MAX

A report published by Indonesian authorities on Friday revealed that Boeing failed to design the software for 737 MAX airliner.

Fri, 25 Oct 2019 16:43:18 GMT

Amazon reports lower than expected sales

On Friday, Amazon stock price fell by almost six percent, as the markets were let down by lower than forecast sales.

Fri, 25 Oct 2019 15:40:07 GMT

Brewer InBev causes stock price decline in Europe

At the end of European Friday's trading session, a ten percent decline in the share prices of brewing firm Anheuser-Busch InBev was named as the cause of a stock sell off.

Fri, 25 Oct 2019 14:51:19 GMT

Wall Street declines on Friday

On Friday, US stock indices opened lower, as worse than expected Amazon sales forecast caused a sell off, which outweighed other announcements.

Fri, 25 Oct 2019 13:42:46 GMT

EU to tighten regulations against money laundering

The European Union bloc is preparing to toughen laws against money laundering, as previous reforms did not deliver results on tackling a couple of banking scandals, according to EU's draft document.

Fri, 25 Oct 2019 13:04:16 GMT

Verizon tops forecasts by adding more postpaid users

Verizon Communications topped Wall Street's expectations for the Q3 revenue and profit on Friday, as the company added 615K postpaid customers, beating analysts' estimates for the 527K reading.

Fri, 25 Oct 2019 11:41:19 GMT

Virgin Australia prices $425M notes to fund Velocity purchase

On Friday, Virgin Australia Holdings has issued $425M notes, as it is eager to fund its frequent flyer programme Velocity's buyback.

Fri, 25 Oct 2019 11:13:16 GMT

H&M opens boutique-like store in Berlin

On Friday, H&M has launched a new-look small boutique in Berlin's trendy neighbourhood, offering yoga classes and a garden cafe, as well as free space for other brands on the back of Sweden's budget chain intention to revive sluggish sales.

Fri, 25 Oct 2019 09:47:52 GMT

Michelin keeps guidance numbers unchanged

The tyre maker Michelin announced on Thursday that it is still expecting the same results for 2019, as it had forecast in the last quarter.

Fri, 25 Oct 2019 09:08:29 GMT

Nasdaq gets boosted on Thursday

On Thursday, Nasdaq stock indices surged due to a rise in the prices of Microsoft and PayPal stocks.

Fri, 25 Oct 2019 07:44:00 GMT

Micron rolls out new hard drives to outrace Intel in data centres

Micron Technology, the Idaho-based memory chipmaker, has launched new hard drives line aimed at data centres, seeking to challenge its rival Intel Corp, as two chip giants are in the process of officially halting their joint venture.

Fri, 25 Oct 2019 07:37:20 GMT

PM Johnson calls for Dec. 12 election to end Brexit deadlock

Boris Johnson, the British Prime Minister, has called for general election to be held on December 12, seeking to break the Brexit deadlock, and admitting he would not meet the "do or die" deadline for leaving the EU bloc next week.

Fri, 25 Oct 2019 06:08:38 GMT

Tesla surprises Wall Street with Q3 profit results

Tesla has surprised Wall Street by reporting better-than-expected Q3 profit results, as promised by the electric carmaker's CEO Elon Musk, sending its shares up 18% to $301.

Fri, 25 Oct 2019 04:50:14 GMT

Qualcomm creates $200M fund aimed at 5G uses beyond phones

Qualcomm, which supplies chips for the next generation of mobile networks, known as 5G technology, has announced a $200M venture capital fund seeking to invest in start-ups aiming at 5G usage in other devices rather than phones.

Fri, 25 Oct 2019 03:54:09 GMT

Ardian prepares for d&b Audiotechnik sale

Ardian is planning to launch a sale of the German professional loudspeaker producer d&b Audiotechnik, in a potential deal that could value the company at over €600M, according to sources familiar with the matter.

Fri, 25 Oct 2019 02:48:57 GMT

Twitter reports worse-than-expected Q3 revenue, profit

Twitter has reported its revenue and profit were hit in the Q3 by weaker advertising and low demand during the summer time, sending the company's shares down nearly 15%.

Fri, 25 Oct 2019 02:25:10 GMT

Czechs likely to follow Germany's approach on Huawei

The Czech Republic is considering to adhere to German and other neighbouring countries' approach regarding Huawei in 5G network building and abandon the idea of banning the Chinese company, the industry minister stated.

Thu, 24 Oct 2019 15:43:06 GMT

Nissan likely to sell two EU plants due to falling sales

Nissan Motor is planning to sell two of its EU production sites, as the Japanese automaker is facing dropping sales in this region, as well as industry shift towards electric vehicles, according to a Bloomberg report.

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