News

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Wed, 09 Jun 2021 03:00:08 GMT

Qatar Airways suspends A350 deliveries

On Tuesday, Qatar Airways announced that it would not take further deliveries of Airbus A350 aircraft due to dissatisfaction with the finish of the A350 jet.

Wed, 09 Jun 2021 02:00:10 GMT

US job openings hit record high in April

As reported by the US Labor Department on Tuesday, job openings, a measure of labour demand, rose by 998,000 to 9.3 million in April.

Tue, 08 Jun 2021 20:00:07 GMT

German manufacturers expect slower growth

German manufacturers expect slower production growth, a survey conducted by the ifo Institute shows.

Tue, 08 Jun 2021 19:00:08 GMT

Bosch opens new semiconductor factory

The German company Bosch opened its new semiconductor factory in the German state of Saxony, a statement published by the company shows.

Tue, 08 Jun 2021 18:00:06 GMT

Chile foreign trade rises

Chile's foreign trade increased 35% to $71.04B in the first five months of the current year, compared to the same period in 2020, the government reports.

Tue, 08 Jun 2021 17:00:06 GMT

Global economy to expand 5.6%

The global economy is expected to expand around 5.6% in 2021 according to the latest Global Economic Prospects released by the World Bank.

Tue, 08 Jun 2021 16:23:10 GMT

Japan key economic indicator rises

Japan's key economic indicator increased for the second consecutive month to 95.5 in April, government statistics show.

Tue, 08 Jun 2021 15:31:59 GMT

World Bank upgrades China growth forecast

The Chinese economy is expected to expand 8.5% in 2021, a 0.6% increase from the previous estimate, a report published by the World Bank Group shows.

Tue, 08 Jun 2021 14:00:07 GMT

KKR's unit plans merger with Contango

KKR's Independence Energy is planning an all-stock merger deal with Contango Oil & Gas to build a gas and oil company with an enterprise's value of around $5.7B.

Tue, 08 Jun 2021 13:00:08 GMT

Tesla's China car sales soar 29%

Tesla reported it had sold 33,463 Chinese electric vehicles last month, including exports, marking a 29% surge from April, data from the CPCA showed on Tuesday.

Tue, 08 Jun 2021 12:02:04 GMT

Ford to offer new hybrid compact pickup

On Tuesday, Ford Motor revealed its new compact pickup truck Maverick will be equipped with the gasoline-electric hybrid powertrain, with the truck's potential starting price to be below $20,000.

Tue, 08 Jun 2021 10:00:08 GMT

Cevian buys 5% stake in UK's Aviva

Cevian Capital announced on Tuesday it had taken the 4.95% stake in the British insurer Aviva; the deal in which Aviva will be able to pay back £5.0B ($7.08B) of excess capital next year.

Tue, 08 Jun 2021 09:00:07 GMT

BAT boosts sales growth forecast

On Tuesday, British American Tobacco has lifted its full-year revenue growth outlook to over 5% at the constant currency as more smokers switch to newer less harmful products like tobacco-heating devices and e-cigarettes.

Tue, 08 Jun 2021 08:23:07 GMT

Apple seeks get BYD, CATL as battery suppliers

Apple has entered talks with China's BYD and CATL over the batteries supply for the tech giant's planned electric car, Reuters reported on Tuesday.

Tue, 08 Jun 2021 07:31:06 GMT

Nvidia seeks approval for $40B Arm deal

Nvidia Corp has asked Chinese competition watchdog to approve its $40B takeover of the British chip designer Arm, according to the Financial Times report seen on Tuesday.

Tue, 08 Jun 2021 06:00:07 GMT

Bosch launches German chip plant

On Monday, Robert Bosch opened its $1.2B chip plant located in Germany, marking the leading automotive supplier's biggest-ever investment, as it seeks equipping the latest self-driving and electric vehicles.

Tue, 08 Jun 2021 05:00:07 GMT

Tesla's Guillen leaves company

Tesla's heavy trucking unit's chief, Jerome Guillen, has quitted his post at the company, the electric automaker announced on Monday.

Tue, 08 Jun 2021 04:00:07 GMT

Fed to release annual results of bank stress test

The Federal Reserve revealed it is set to publish the 2021 stress test results of the US biggest banks on June 24.

Tue, 08 Jun 2021 03:00:07 GMT

Blackstone to buy QTS Realty Trust

The investment company Blackstone Group is planning to take QTS Realty Trust, the data centre operator, private in its all-cash deal worth around $10 billion.

Mon, 07 Jun 2021 22:55:36 GMT

SP 500 slides on G7 tax deal

On Monday, the S&P 500 fell but was holding just 0.5% away from the all-time high, tumbled by the G7 tax deal that overshadowed investor bets on full reopening of the economy.

Mon, 07 Jun 2021 20:00:08 GMT

Stocks near record highs

Global equity markets reached record peaks and oil prices increased to a two-year high.

Mon, 07 Jun 2021 19:00:06 GMT

US FDA approves Alzheimer's drug

US regulators approved Biogen's drug as a treatment to fight a likely cause of Alzheimer's disease.

Mon, 07 Jun 2021 18:10:52 GMT

Meme stocks surge

Shares of AMC and other "meme stocks" rose on Monday supported by private traders, drawing attention of regulators.

Mon, 07 Jun 2021 16:26:39 GMT

Airlines call on UK and US to lift restrictions

Airlines offering passenger services between the US and Britain called governments to ease restrictions and reopen travel routes between the countries.

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