News

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Tue, 15 Jun 2021 06:17:51 GMT

JLR to launch prototype hydrogen car test

Jaguar Land Rover is set to start testing its hydrogen fuel-cell prototype vehicle based on the Land Rover Defender model as soon as this year, as the carmaker seeks expansion of its zero-emission auto options.

Tue, 15 Jun 2021 04:00:07 GMT

Stock indices decline

During early Tuesday's trading hours, stock indices around the world declined, as market participants closed their positions in the expectations of upcoming Fed volatility.

Tue, 15 Jun 2021 03:00:07 GMT

Europe and US subsidize airlines

The governments of the United States and the EU revealed on Monday that they are near a combined jet subsidy pact.

Tue, 15 Jun 2021 02:00:06 GMT

JPMorgan stockpiles cash

On Monday, JPMorgan CEO Jamie Dimon stated that the bank would stockpile cash in the expectations of a rise in interest rates.

Mon, 14 Jun 2021 21:50:06 GMT

UK delays Covid reopening

On Monday, the government of the United Kingdom announced that it would delay the country's post-coronavirus reopening by a month.

Mon, 14 Jun 2021 20:00:07 GMT

Oil prices reach new high

During Monday's trading hours, crude oil price benchmarks reached above their 2-year high, as global demand continued to increase.

Mon, 14 Jun 2021 19:00:07 GMT

US market dips from high

On Monday, the S&P 500 declined from the recently reached all-time-high level, as the market focus moved to the upcoming Fed Statement.

Mon, 14 Jun 2021 18:00:07 GMT

GSK, iTeos plan cancer drug development

Britain's GlaxoSmithKline is set to pay $2.0B to iTeos Therapeutics for the development and further sale of potential cancer treatment in a tie-up, both the companies announced on Monday.

Mon, 14 Jun 2021 16:00:07 GMT

Lordstown Motors CEO, CFO resign

On Monday, Lordstown Motors announced its CEO Steve Burns and CFO Julio Rodriguez had stepped down from their roles, following the electric truck manufacturer's statement that it might not survive over the upcoming year.

Mon, 14 Jun 2021 15:00:08 GMT

Saudi Q1 GDP falls 3%

Saudi Arabia's GDP shrank 3% in its Q1, slightly less than expected and compared with last year's 1% contraction, tumbled by the oil sector's sharp decline.

Mon, 14 Jun 2021 14:00:07 GMT

G7 to raise contributions on climate spending

G7 nations have agreed to increase their contributions to fulfil a pledge of overdue spending worth $100B a year by wealthy countries to provide aid to poorer states to fight global warming and trim carbon emissions.

Mon, 14 Jun 2021 13:21:01 GMT

Vodafone picks Samsung for 5G

UK's telecoms group Vodafone chose Samsung Electronics as its 5G network equipment supplier in Britain, marking a breakthrough for South Korea's tech giant in the European telecoms gear market.

Mon, 14 Jun 2021 13:00:09 GMT

Philips launches breathing tools recall

Philips, the Dutch medical equipment giant, has launched a recall of some ventilators and breathing devices due to a foam part, which might degrade, becoming toxic for its user, and could potentially cause cancer.

Mon, 14 Jun 2021 10:21:28 GMT

US cars average age hits record high

The average age of the US vehicles and light trucks surged to the record high of 12.1 years the previous year, as American citizens drove fewer miles during the coronavirus pandemic, IHS Markit reported.

Mon, 14 Jun 2021 10:00:21 GMT

Equinix inks new JV deals with GIC

Equinix, the US-based data centre company, stated on Monday it had clinched deals for extra joint ventures with GIC, Singapore's sovereign wealth fund, to add $3.9B for its data centre programme expansion.

Mon, 14 Jun 2021 08:57:06 GMT

USD consolidates gains

During Monday's European trading hours, the value of the US Dollar consolidated Friday's gains by fluctuating sideways.

Mon, 14 Jun 2021 08:51:51 GMT

Clariant to sell pigments business

Clariant is planning its pigments business sale to SK Capital Partners and Heubach Group in a deal that brings its business value to about $951.27M, the Swiss chemicals producer said on Monday.

Mon, 14 Jun 2021 07:47:32 GMT

EU hires lenders for first recovery fund

On Monday, the European Union has hired banks for its first sale of a debt sale that backs the coronavirus recovery fund, memos published by two lead managers showed.

Mon, 14 Jun 2021 07:00:07 GMT

VW's vendor data breach hits 3.3M people

Volkswagen's US unit reported that over 3.3M customers were hit by data breach at its vendor in North America.

Mon, 14 Jun 2021 06:00:08 GMT

Geely to keep working on methanol cars

China's carmaker Geely is planning to keep working on the methanol-powered vehicles even though the idea may fail, its chairman Li Shufu stated on Sunday.

Mon, 14 Jun 2021 05:00:06 GMT

China approves new IPOs

The China Securities Regulatory Commission approved five IPO applications on the ChiNext exchange, a report published by the regulator shows.

Mon, 14 Jun 2021 04:00:06 GMT

Amazon to open data centers in Israel

Amazon Web Services, an Amazon company, plans to open data centers in Israel in the first half of 2023, the senior vice president Peter DeSantis says.

Mon, 14 Jun 2021 03:00:10 GMT

China FDI rises

Foreign direct investment into China increased 35.4% to $75.3B in the first five months of 2021, data published by the Ministry of Commerce shows.

Sun, 13 Jun 2021 21:34:25 GMT

China machinery sector expands

The machinery sector in China expanded 43.5% to $1.24 trillion in the first four months of 2021, compared to the same period in 2020, the Ministry of Industry and Information Technology reports.

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