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Aston Martin deals with Mercedes-Benz
Tue, 27 Oct 2020 20:45:54 GMT
 
Aston Martin extended an agreement with Mercedes-Benz AG to access its technologies in return for new shares, increasing German automaker's stake to more than 20%. >>
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UBS to invest $200M in fintech ventures
Tue, 27 Oct 2020 19:49:28 GMT
 
UBS Group AG planned to invest $200M in digital and fintech ventures through a new portfolio, the Swiss bank stated on Tuesday. >>
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Tiffany, LVMH to agree on dispute settlement
Tue, 27 Oct 2020 18:57:05 GMT
 
Tiffany & Co and LVMH were in talks to settle their dispute on a $1B takeover at a slightly lower price than that primarily agreed. >>
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Motional, Via to start US robotaxi service
Tue, 27 Oct 2020 18:05:46 GMT
 
Hyundai Motor's self-driving JV Motional and transit technology company Via partnered to launch a robotaxi service in the US in 2021. >>
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Nissan to increase output capacity in China
Tue, 27 Oct 2020 16:42:24 GMT
 
Nissan Motor announced plans to raise production capacity in China 30% in 2021, aiming to draw a recovery in demand in the world's largest auto market. >>
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Spain to raise taxes on wealthy, companies
Tue, 27 Oct 2020 15:42:46 GMT
 
Spain's left-wing government revealed plans to hike taxes on top earners and large companies to finance higher spending on infrastructure and social care in 2021 budget. >>
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Shopify partners with TikTok
Tue, 27 Oct 2020 14:48:26 GMT
 
Shopify, the Canadian e-commerce firm, announced it would team up with TikTok to lure more merchants to the video-sharing app, seeking to grow the customer base. >>
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Waymo, Daimler to tie up over truck development
Tue, 27 Oct 2020 14:36:07 GMT
 
On Tuesday, Daimler's commercial truck arm and Alphabet's Waymo stated they would partner over the development of the autonomous Class 8 semi-trucks by applying Waymo-made self-driving system to the Daimler's >>
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AMD to acquire Xilinx in $35B deal
Tue, 27 Oct 2020 12:43:05 GMT
 
On Tuesday, the semiconductor designer AMD announced its plans to acquire Xilinx Inc in a $35B worth all-stock deal, enhancing its competition with Intel in the data centre chip market. >>
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Harley US sales drops on weak demand
Tue, 27 Oct 2020 12:02:36 GMT
 
On Tuesday, Harley-Davidson has posted a 9.8% plunge in its Q3 revenue as the coronavirus pandemic hit the global motorcycle demand. >>
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Crude oil remains near $40
Tue, 27 Oct 2020 10:42:24 GMT
 
During Tuesday's European trading hours, crude oil prices continued to fluctuate near the $40 mark, as output shutdowns balanced the coronavirus caused decline of demand. >>
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Toyota-Panasonic JV to bolster efficiency
Tue, 27 Oct 2020 09:45:32 GMT
 
Toyota Motor-Panasonic's joint battery venture is seeking to bolster efficiency of its development and manufacturing processes by ten times to catch up with bigger Chinese rivals. >>
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HSBC plans business model restructuring
Tue, 27 Oct 2020 09:35:31 GMT
 
On Tuesday, HSBC Holdings announced it would revamp its business model, as lower interest rates hit the company's profit. >>
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Facebook launches cloud gaming feature
Tue, 27 Oct 2020 07:47:09 GMT
 
Facebook rolled out a new cloud gaming tool on its platform, allowing users to stream, as well as play games without downloading. >>
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Twilio tops profit outlook
Tue, 27 Oct 2020 07:03:16 GMT
 
Twilio reported a surprise Q3 profit and expects it sales to be above forecasts for the Q4, boosted by remote learning and work during the pandemic. >>
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