News

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Thu, 10 Jun 2021 08:23:09 GMT

Alibaba plans self-driving truck development

Alibaba Group Holding is planning to launch the development of self-driving trucks in cooperation with Cainiao, the logistics subsidiary, Chief the Chinese e-commerce leader said on Thursday.

Thu, 10 Jun 2021 07:00:08 GMT

GameStop hires Amazon exec as new head

GameStop appointed the head of Amazon Australia as its new chief executive officer and announced the videogame retailer could sell some new shares, in its latest attempt to transform the company.

Thu, 10 Jun 2021 06:00:09 GMT

UPS stock drops 6%

United Parcel Service's shares have plunged 6% this Wednesday as the delivery company anticipated disappointing US margins after the strong demand during the pandemic.

Thu, 10 Jun 2021 05:00:08 GMT

Marqeta climbs 21% after debut IPO

Marqeta, the online card and payment processing firm, rose 21% in a trading debut after getting $1.23B in an IPO priced above a target range.

Thu, 10 Jun 2021 04:00:09 GMT

US to donate 500M Pfizer vaccines

The Biden administration announced plans to donate 500M doses of Pfizer coronavirus vaccine to nearly 100 countries in the next two years, three sources familiar told Reuters.

Thu, 10 Jun 2021 03:00:08 GMT

TC Energy stops Keystone XL project

Energy infrastructure firn TC Energy said that it terminated the $9B Keystone XL pipeline project after US President Joe Biden revoked the main permit, hitting the Canadian oil sector.

Wed, 09 Jun 2021 21:39:50 GMT

UPS shares fall on deliveries prioritisation

United Parcel Service's shares declined 6% on Wednesday after it announced plans to prioritise lucrative deliveries over volumes.

Wed, 09 Jun 2021 20:00:09 GMT

Shares of Marqeta to debut on US stock market

Shares of payments tech startup Marqeta are expected to increase in their US stock market debut, giving the firm a valuation of around $17B.

Wed, 09 Jun 2021 19:00:06 GMT

South Korea adds 619,000 jobs

The number of employed people in South Korea reached 27.55M in May, an increase of 619T from the previous year, a report published by the Statistics Korea shows.

Wed, 09 Jun 2021 18:00:07 GMT

Eurozone economy contracts

The Eurozone economy contracted 0.3% in the first quarter of the current year, compared to the previous three months, a report published by the Eurostat shows.

Wed, 09 Jun 2021 17:00:06 GMT

Canada foreign trade expands

Canada reached a trade surplus of 594M Canadian dollars in April after a deficit of 1.3 billion Canadian dollars in March, the Statistics Canada reports.

Wed, 09 Jun 2021 16:02:39 GMT

German economic sentiment declines

German economic sentiment declined slightly to 79.8 points in June, data published the Leibniz Centre for European Economic Research show.

Wed, 09 Jun 2021 15:21:19 GMT

China inflation rises

Inflation in China increased 1.3% in May, compared to the same period the previous year, a report published by the National Bureau of Statistics shows.

Wed, 09 Jun 2021 14:02:21 GMT

Bitcoin becomes legal tender in El Salvador

On Wednesday, El Salvador became the world's first country to formally approve bitcoin as a legal tender after the proposal made by the President Nayib Bukele had gained 62 votes out of 84.

Wed, 09 Jun 2021 13:19:11 GMT

Grab views SPAC merger postponed to Q4

Southeast Asia's Grab announced on Wednesday it is expecting its planned $40.0B merger deal with the SPAC firm Altimeter Growth to be delayed to the fourth quarter.

Wed, 09 Jun 2021 12:00:08 GMT

Solarwatt, BMW tie up over home batteries

Solarwatt and BMW are set to cooperate this fall over storage batteries sale amid the ongoing electric mobility and renewable power convergence, Solarwatt said on Wednesday.

Wed, 09 Jun 2021 10:44:14 GMT

Microsoft to sell products via experience stores

Microsoft is planning to sell its products through its experience centres based in New York, London and Sydney starting from July 1, following the global shutdown of the company's stores due to the pandemic.

Wed, 09 Jun 2021 10:00:06 GMT

Pandemic boosts smart gadgets use

Smart devices got the coronavirus-pandemic boost in the US household, indicating at 25 connected gadgets on average and compared to 11 pieces in 2019, including smart TVs, smartphones, laptops, headphones, streaming devices and gaming consoles.

Wed, 09 Jun 2021 09:00:14 GMT

Amazon to invest in Spanish data centres

Amazon will invest $3.04B in new open data centres in Spain in the middle of 2022, the US tech giant's website shows.

Wed, 09 Jun 2021 08:00:49 GMT

Cisco to roll out new tool for Webex

Cisco Systems is planning to launch new features Webex, such as adding quizzes and polls to meetings and background noise cancellation.

Wed, 09 Jun 2021 07:00:07 GMT

Amazon Pharm offers prescriptions from $6

Amazon Pharmacy has begun offering half-yearly prescriptions starting from $6 for the common-health-issues medications via its pharmacy, Reuters reported.

Wed, 09 Jun 2021 06:00:09 GMT

Berkshire invests $500M in Nubank

Brazil's Nubank received a $500M investment from Berkshire Hathaway and attracted an additional $250M from other investors, bringing the rapidly growing fintech company's valuation to $30B.

Wed, 09 Jun 2021 05:00:08 GMT

Nvidia asks approval from China for Arm deal

As reported by the Financial Times on Tuesday, Nvidia Corp has asked China's competition regulators to approve a $40 billion acquisition of the British chip designer Arm.

Wed, 09 Jun 2021 04:00:08 GMT

World Bank raises global growth forecasts

On Tuesday, the World Bank raised the global economy growth output to 5.6% in 2021, the strongest post-recession pace in 80 years.

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