News

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Thu, 04 Mar 2021 17:19:45 GMT

Foxconn marks robust start to year

Apple's supplier Foxconn is expecting its Q1 revenue to rise over 15% compared to the previous year, driven by robust iPhone sales and strong demand for electronic devices during global lockdowns.

Thu, 04 Mar 2021 15:37:53 GMT

OPEC+ ministers meet on Thursday

On Thursday, OPEC+ ministers have met to make a decision whether to agree on the output modest increase or keep it steady, while Russia and Saudi Arabia said that crude demand recovery remains fragile.

Thu, 04 Mar 2021 14:20:18 GMT

Altice's SFR to trim workforce in France

SFR, the Altice-owned French telecoms operator, is planning to reduce up to 1,700 job positions, which is around 11% of its workforce, in France this year, the company said.

Thu, 04 Mar 2021 13:22:49 GMT

WhatsApp adds new tools to desktop version

Facebook's WhatsApp added video calling and voice features to its desktop version, according to the company's statement made on Thursday.

Thu, 04 Mar 2021 12:19:08 GMT

Flipkart considers US listing

Walmart's e-commerce company Flipkart is considering US public listing via a SPAC merger, Bloomberg News report showed on Thursday.

Thu, 04 Mar 2021 11:02:23 GMT

UK investigates Apple app development

On Thursday, United Kingdom authorities announced that they have started an investigation into Apple's terms and conditions for application development.

Thu, 04 Mar 2021 10:34:31 GMT

Honda plans level 3 self-driving cars sale

On Thursday, Honda Motor announced a limited batch sale of the carmaker's Legend sedan with the level 3 self-driving technology equipment that enables cars to navigate the congested highways.

Thu, 04 Mar 2021 08:59:25 GMT

Exxon sues Macquarie over gas contract

Exxon Mobil has filed a $11.7B lawsuit over missed deliveries to the Australian firm Macquarie Energy caused by US winter freeze during February.

Thu, 04 Mar 2021 08:29:45 GMT

ByteDance to make Clubhouse-like app

ByteDance is developing a Clubhouse-like app aimed at Chinese users on the back of the US audio chat service's global success that inspires a copycat rush in the country.

Thu, 04 Mar 2021 06:40:33 GMT

Total considers all-electric LNG plant in Oman

Total examined building an all-electric LNG facility in Oman, aiming to reduce the fuel's greenhouse gas emissions, the French energy group said.

Thu, 04 Mar 2021 05:27:47 GMT

UK new car sales drop 36% in February

The UK new car registrations declined roughly 36% year-over-year in February, preliminary data showed, as showrooms remained closed during the lockdown.

Thu, 04 Mar 2021 04:29:34 GMT

Google to phase out cookies technology in 2022

Alphabet's Google is not set to build or use any alternate tools to track web browsing information after it phases out cookie technology from Chrome browser in 2022.

Wed, 03 Mar 2021 22:05:22 GMT

Exxon to curb spending, grow dividends

Exxon Mobil revealed plans to increase dividends and cut spending to improve financial returns and prepare for the energy transition to lower-carbon fuels.

Wed, 03 Mar 2021 20:51:44 GMT

Deloitte to pay $80M to Malaysia

Audit company Deloitte PLT is set to pay the Malaysian government $80M to resolve claims related to its auditing of accounts of 1MDB and SRC International in 2011-2014, the finance ministry stated.

Wed, 03 Mar 2021 20:12:59 GMT

Aon's bid for Willis to face antitrust hurdle

Aon is expected to face objections by the EU antitrust watchdog which the company must overcome to continue with the $30B bid for Willis Towers Watson, sources said.

Wed, 03 Mar 2021 18:55:02 GMT

Total considers building all-electric LNG in Oman

On Wednesday, the Chief Executive Officer of Total Patrick Pouyanne said that the company is thinking to construct an all-electric liquefied natural gas factory in Oman.

Wed, 03 Mar 2021 17:50:28 GMT

Sunak prolongs UK's COVID-19 rescue plan

On Wednesday, the British Chancellor of the Exchequer Rishi Sunak extended the UK COVID-19 rescue plan to steer the country's economy through the coronavirus pandemic.

Wed, 03 Mar 2021 16:58:19 GMT

Dollar index edges higher

On Wednesday, the dollar index, which measures the US Dollar against a basket of major currencies, edged higher by 0.22% at 90.997.

Wed, 03 Mar 2021 15:54:37 GMT

GM prolongs car production cuts

On Wednesday, General Motors stated it was further prolonging its vehicle output cuts at three US manufacturing plants due to the global shortage of semiconductor chips.

Wed, 03 Mar 2021 15:16:49 GMT

US private payrolls rise less than expected

US private payrolls missed expectations in February by increasing less than projected due to job losses in construction and manufacturing, suggesting that the labour market was struggling to rebound.

Wed, 03 Mar 2021 14:37:46 GMT

Boeing raises concerns over new Airbus jet design

Boeing raised concerns on Wednesday over the new Airbus narrow-body A321XLR aircraft's desing, claiming its fuel tank is likely to pose fire risks.

Wed, 03 Mar 2021 13:31:37 GMT

Volvo to go fully electric by 2030

Volvo is planning to go all electric by 2030, joining other carmakers' plan to gradually abandon fossil-fuel engines.

Wed, 03 Mar 2021 12:15:20 GMT

Stellantis views rebound this year

On Wednesday, Stellantis stated it expected a rebound in its profit margins in 2021 from cost cuts and low global vehicle inventories, but worried about the impact from the semiconducter chip shortage.

Wed, 03 Mar 2021 10:37:06 GMT

Artisan seeks new chairman for Danone

On Wednesday, the US investment firm Artisan Partners stated Danone needed to name an independent chairman, putting more pressure on the current chairman of the company - Emmanuel Faber.

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