News

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Sat, 19 Dec 2020 04:40:14 GMT

Oil reaches high level

During Friday's US trading hours, crude oil prices reached above the $52 level, as demand was expected to return.

Sat, 19 Dec 2020 04:39:50 GMT

US Dollar slightly recovers

On Friday, the US Dollar recovered some of its previous losses. However, the currency remained near a historical low level.

Fri, 18 Dec 2020 21:43:20 GMT

Wall Street declines on Friday

US stock indices ended the week's trading on Friday with a decline from the recently reached new historical high.

Fri, 18 Dec 2020 20:42:16 GMT

Russia 2020 inflation at 4.6-4.9%

The inflation rate in Russia is expected to be around 4.6-4.9% in 2020, above the 4% target, a report published by the Russian central bank shows.

Fri, 18 Dec 2020 20:31:57 GMT

UK retail sales decline 3.8% in November

Retail sales in the UK contracted 3.8% in November, compared to the previous month, data published by the British Office for National Statistics show.

Fri, 18 Dec 2020 19:00:31 GMT

US current account deficit edges higher

The US Commerce Department announced on Friday that the current account deficit, which measures the flow of investments, goods and services into the United States, surged by 10.6% to $178.5B in Q3.

Fri, 18 Dec 2020 18:02:03 GMT

JPMorgan's Raymond to exit board

On Friday, JPMorgan Chase announced that Lee Raymond, the company's longest-serving director, would step down from the board at the end of this year.

Fri, 18 Dec 2020 17:00:37 GMT

Volkswagen to adjust production

On Friday, the German carmaker Volkswagen announced that it would adjust production at its factories in Europe, North America and China amid a shortage in semiconductors supply.

Fri, 18 Dec 2020 16:06:58 GMT

Wall Street's main indexes hit record high

US stocks opened at record levels on Friday, as the Dow Jones Industrial Average was up by 10.51 points at 9:34 a.m. ET, while the Nasdaq Composite Index rose by 0.09%.

Fri, 18 Dec 2020 15:12:49 GMT

WhatsApp rolls out desktop voice, video calls tests

On Friday, Facebook's WhatsApp has launched its desktop app beta version that features video and voice calls, the tech blog WABetaInfo reported.

Fri, 18 Dec 2020 14:05:11 GMT

Lockheed to assist Japan with stealth fighter

Lockheed Martin will assist Japan with building new stealth fighter deemed for the country's air force by the mid-2030s, according to Reuters.

Fri, 18 Dec 2020 12:55:05 GMT

Gucci to open stores on Alibaba's e-commerce site

Gucci has joined Alibaba to open flagship stores on its online luxury e-commerce platform, as the fashion label seeks to lure more Chinese customers to reverse its revenue drop amid the coronavirus pandemic.

Fri, 18 Dec 2020 11:57:30 GMT

Unilever to relaunch ads on Facebook, Twitter

Unilever is planning to resume its advertising on the US social media platforms, such as Twitter, Facebook and Instagram, following the six-month-long pause amid hate speech and divisiveness during the US election period.

Fri, 18 Dec 2020 11:10:13 GMT

Tesla preps to enter S&P 500

Tesla prepares to formally enter the S&P 500 on Monday, as its shares are up almost 700% during the last year, marking the meteoric rise and turning the company into the most highly-valued carmaker in the world.

Fri, 18 Dec 2020 10:38:01 GMT

Blue Origin to deliver new rocket engines in 2021

Blue Origin is expected to deliver шеы first flight-ready rocket engines already next summer, the United Launch Alliance's CEO stated on Friday.

Fri, 18 Dec 2020 08:46:59 GMT

Microsoft warns of malicious software

A malicious software was found in Microsoft's systems, the company reported, linked to the massive hacking campaign that had been disclosed by US officials earlier this week.

Fri, 18 Dec 2020 07:59:13 GMT

Biogen to pay $22M in settlement

Biogen will pay $22M to settle the US probe into allegations over illegal drug charity kickbacks, according to the Reuters report.

Fri, 18 Dec 2020 07:07:52 GMT

Twitter to create new bot accounts

Twitter is set to create a label for bot accounts in 2021 that will identify such bots as automated, finalising the company's plans to reboot its verification programme.

Fri, 18 Dec 2020 05:47:14 GMT

Huawei to set up French network equipment plant

China's Huawei is planning an investment worth €200M to build a phone network equipment plant in France that would initially employ as many as 300 people.

Fri, 18 Dec 2020 04:50:27 GMT

Coca-Cola to trim over 2K jobs globally

Coca-Cola is planning to cut as much as 2,200 job positions around the world, including 1,200 jobs in the United States, amid its business restructuring triggered by the coronavirus-related economic fallout.

Fri, 18 Dec 2020 03:52:55 GMT

FedEx profit surges on rate hikes

The US delivery company FedEx reported its quarterly profit nearly doubled on spiking volume and rate hikes that helped reduce the company's cost of delivering e-commerce purchases during the pandemic.

Thu, 17 Dec 2020 22:48:26 GMT

Alphabet's Verily attracts $700M in funding

Verily Life Sciences, Alphabet's life sciences unit, has raised $700M in its round of funding from investors including Temasek, Silver Lake and Alphabet, amid its commercial businesses expansion.

Thu, 17 Dec 2020 17:29:44 GMT

Walmart ties up with TikTok

Walmart announced on Thursday it had partnered with TikTok to sell its merchandise during live streams launched by creators and is considering an investment into the Chinese video-sharing app.

Thu, 17 Dec 2020 16:24:26 GMT

Novartis takes over Cadent in $770M

On Thursday, Novartis stated it was set to acquire Cadent, the US neuroscience company, for about $770M, gaining full control over the Cadent's portfolio.

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