News

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Wed, 06 Jan 2021 17:34:01 GMT

US private sector removes 123,000 jobs

Private companies in the US removed 123,000 jobs in December, the first drop since April, a statement published by the Automatic Data Processing shows.

Wed, 06 Jan 2021 16:34:19 GMT

Belarus gold and foreign currency reserves decline

Gold and foreign currency reserves of Belarus declined 20.5% to $7.47B as of January 1, compared to the previous year, data published by the central bank show.

Wed, 06 Jan 2021 15:25:47 GMT

EVs soar to record 54% in Norway

Electric car sales in Norway surged to a record high of 54% last year, with Germany's Volkswagen outracing Tesla as the number one battery-vehicle maker, according to new data.

Wed, 06 Jan 2021 14:32:57 GMT

Facebook starts day below low level

The stock price of Facebook started Wednesday's US trading below the low level of 264.00, which had provided support since early November.

Wed, 06 Jan 2021 12:41:04 GMT

UnitedHealth to acquire Change Healthcare

UnitedHealth Group will acquire Change Healthcare in a cash deal worth $7.84B to build up technology services portfolio, both companies reported on Wednesday.

Wed, 06 Jan 2021 11:22:55 GMT

Markets await for Fed minutes

On Wednesday, the financial markets were expecting the Federal Open Markets Committee Meeting Minutes, which were expected to reveal the future outlook on the USD.

Wed, 06 Jan 2021 10:12:09 GMT

Bitcoin hits new record-high level

On Wednesday, Bitcoin traded above $35K, hitting its new record high in Asia, extending its rally seeing the digital currency surge over 800% since mid-March.

Wed, 06 Jan 2021 09:07:07 GMT

Michelin plans 2.3K job cuts

On Wednesday, Michelin, the French tyre maker, announced its plans to trim its workforce by around 2.3K jobs during the following three years.

Wed, 06 Jan 2021 08:37:22 GMT

Trump bans US transactions with China apps

The US President Donald Trump ordered to ban US transactions with eight China software apps, including Alipay mobile payment service, according to the White House.

Wed, 06 Jan 2021 06:02:58 GMT

Gopinath says global economy begin 2021 stronger

The global economy is beginning the year at a stronger point than had been foreseen in 2020, the International Monetary Fund Chief Economist Gita Gopinath stated on Tuesday.

Wed, 06 Jan 2021 05:06:14 GMT

GM reports 4.8% surge in US auto sales

On January 5, General Motors announced a 4.8% jump to 771,323 units in the United States auto sales for the Q4.

Wed, 06 Jan 2021 04:01:50 GMT

Saudi Arabia offers extra oil supply cut

According to two OPEC+ sources, Saudi Arabia has offered to make a voluntary crude oil production cuts in February.

Wed, 06 Jan 2021 03:03:40 GMT

UK to offer firms $6.2B to soften recession

On Tuesday, the United Kingdom offered a $6.2 billion aid package for companies to soften an expected COVID-19 recession.

Tue, 05 Jan 2021 20:58:51 GMT

GM: US auto sales up 4.8% in Q4

General Motors reported a 4.8% increase to 771K units in the US auto sales for the Q4, fuelled by demand for new cars during the coronavirus pandemic.

Tue, 05 Jan 2021 20:21:10 GMT

Crypto trading volumes reach $68.3B

Trading volumes at the main crypto exchanges hit a new daily record of $68.3B on Monday, research revealed on Tuesday.

Tue, 05 Jan 2021 18:46:58 GMT

EV sales at 54% of all cars sold in Norway

The sale of electric vehicles in Norway reached 54.4% market share IN 2020, overtaking petrol, diesel and hybrid vehicles, with Volkswagen replacing Tesla as the top BEV producer.

Tue, 05 Jan 2021 17:56:44 GMT

Tokopedia, Gojek in $18B merger negotiations

Indonesian e-commerce leader Tokopedia and ride-hailing and payments firm Gojek were in talks about an $18B merger before a potential listing in the US and Jakarta.

Tue, 05 Jan 2021 17:06:41 GMT

Bentley reveals record sales amid China boost

Bentley revealed record sales of 11K vehicles in 2020 despite the factory closures during the lockdown in the UK, as demand in China soared by almost 50%.

Tue, 05 Jan 2021 15:47:50 GMT

Mondelez acquires snack maker Hu

Mondelez International Inc announced that it bought Hu Master Holdings, the healthy snack maker, as demand increased among consumers during the pandemic.

Tue, 05 Jan 2021 15:11:52 GMT

Amazon acquires 11 aircraft amid fleet expansion

On Tuesday, Amazon.com announced it had acquired 11 Boeing 767-300 planes, as it seeks to boost delivery with the expanded fleet.

Tue, 05 Jan 2021 14:21:56 GMT

Honda suspends car output in Britain

Japan's Honda is halting its UK output for two days, starting Tuesday, amid delays in global supply, the carmaker announced earlier this day.

Tue, 05 Jan 2021 13:29:27 GMT

Qualcomm appoints new CEO

On Tuesday, the chipmaker Qualcomm announced it had appointed Cristiano Amon as the company's new chief executive officer, succeeding Steven Mollenkopf.

Tue, 05 Jan 2021 12:09:14 GMT

Airbus tops 560-plane delivery target for 2020

Airbus beat its 2020 goal by delivering over 560 aircraft, airline industry sources and tracking data showed on Tuesday.

Tue, 05 Jan 2021 10:41:43 GMT

UK subsidizes firms

On Tuesday, the government of the United Kingdom announced a 4.6 billion pound stimulus package for struggling businesses.

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