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German BASF doubles net income
Sat, 01 May 2021 04:00:07 GMT
 
The German chemical giant BASF almost doubled its net income to €1.7B in the first quarter of 2021, compared to the prior year, a statement published by the company shows. >>
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EAC countries record $4.8B loss in tourism
Sat, 01 May 2021 03:00:07 GMT
 
Six member states of the East African Community lost around $4.8B in international tourism income amid the COVID-19 pandemic in 2020, a study shows. >>
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Volkswagen to invest €14B in decarbonization
Fri, 30 Apr 2021 22:39:26 GMT
 
The German carmaker Volkswagen plans to invest €14B in decarbonization by 2025, the chief executive officer of the Volkswagen Passenger Cars says. >>
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China non-manufacturing PMI declines
Fri, 30 Apr 2021 20:00:05 GMT
 
The purchasing managers' index for China's non-manufacturing sector declined to 54.9 in April from 56.3 in March, the National Bureau of Statistics reports. >>
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S. Korea industrial output expands
Fri, 30 Apr 2021 19:00:08 GMT
 
South Korea's industrial output expanded for two consecutive months in March, data published by the Statistics Korea show. >>
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Italy approves €222B recovery plan
Fri, 30 Apr 2021 18:00:07 GMT
 
Italy approved a post-pandemic recovery plan worth €222B, a statement published by Prime Minister Mario Draghi's cabinet shows. >>
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Turkey approves use of Sputnik V vaccine
Fri, 30 Apr 2021 16:46:37 GMT
 
Turkey approved the emergency use of Russia's Sputnik V COVID-19 vaccine, the Turkish Health Minister Fahrettin Koca says. >>
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Turkey tourism revenue declines
Fri, 30 Apr 2021 16:19:44 GMT
 
Turkey's tourism revenue declined 40.2% in the first quarter of 2021, compared to the same period in 2020, the Turkish Statistical Institute reports. >>
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Portugal economy contracts
Fri, 30 Apr 2021 15:21:04 GMT
 
The economy of Portugal contracted 5.4% in the first quarter of 2021, compared to the same period in 2020, data published by the National Statistics Institute show. >>
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Exxon beats earnings forecasts
Fri, 30 Apr 2021 13:51:20 GMT
 
On Friday, Exxon Mobil reported it had beaten Wall Street's quarterly earnings expectations, driven by the rebound in oil prices and robust chemicals margins. >>
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Gojek plans shift to EVs by 2030
Fri, 30 Apr 2021 13:04:53 GMT
 
Gojek, the Indonesian ride-hailing company, is planning a shift to electric cars and motorcycles on its platform by 2030 via partnerships with favourable leasing arrangements and producers. >>
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Bain Capital attracts $11.8B for new fund
Fri, 30 Apr 2021 12:02:19 GMT
 
Bain Capital, the US private equity company, stated it had raised as much as $11.8B from employees and outside investors for its North American latest flagship buyout fund. >>
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Chevron profit falls 29%
Fri, 30 Apr 2021 11:06:54 GMT
 
Chevron reported its Q1 profit plunged as much as 29% compared with last year's same period, as gains from gas and oil prices weakened by lower refining margins and output >>
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Darktrace shares surges on debut
Fri, 30 Apr 2021 10:12:49 GMT
 
On Friday, the UK cybersecurity company Darktrace's shares surged in its London market debut, 38% above the IPO price, valuing the firm at £1.7B. >>
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Alibaba freezes exec pay lifts
Fri, 30 Apr 2021 08:49:03 GMT
 
Alibaba Group Holding froze the top executives' pay rises for the current year and granted junior employees with larger salary increases instead amid China's curbs on big tech. >>
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