News

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Mon, 28 Dec 2020 05:11:15 GMT

Trump signs spending, COVID-19 relief bill

On Sunday, the US President Donald Trump signed the $2.3 trillion COVID-19 relief bill and spending package into law.

Mon, 28 Dec 2020 04:08:09 GMT

BMW plans to step up production of electric cars

BMW wanted roughly 20% of vehicles sold to be powered by an electric engine by 2023, the company's Chief Executive Officer Oliver Zipse told the German newspaper.

Mon, 28 Dec 2020 02:27:09 GMT

Putin to receive COVID-19 vaccine

On Sunday, Kremlin spokesperson Dmitry Peskov said that the Russian President Vladimir Putin would receive the Sputnik V COVID-19 vaccine.

Sun, 27 Dec 2020 20:43:36 GMT

Vietnam's economic growth at 30-year low

Vietnam's economic growth weakened this year to the 30-year low of 2.91%, after having posted the GDP rise above 7% for two years in succession, the GSO stated.

Sun, 27 Dec 2020 19:45:39 GMT

Dubai approves $15.5B budget for next year

Dubai, the and financial business hub of the UAE, approved a $15.55B budget for the next year, when its economy is expected to recover, its ruler stated.

Sun, 27 Dec 2020 19:14:31 GMT

BMW to make 20% of cars electric by 2023

BMW is set to step up its production of electric cars and wanted 20% of cars sold to be electric by 2023, CEO Oliver Zipse told Augsburger Allgemeine.

Sun, 27 Dec 2020 18:02:01 GMT

Europe launches COVID-19 vaccination campaign

On Sunday, the European Union officially launched a massive coronavirus vaccination campaign with medics and pensioners lining up to get the first vaccines.

Sun, 27 Dec 2020 17:02:19 GMT

Ant Group to create working party

On Sunday, Ant Group announced that it would establish a working party to meet the Chinese Central Bank regulatory demands.

Sun, 27 Dec 2020 16:00:32 GMT

China urges Ant to set rectification plan

On Sunday, the Chinese Central Bank urged Ant Group to outline a rectification plan and a timetable to meet regulatory requirements.

Sun, 27 Dec 2020 15:05:01 GMT

Sunak comments on Brexit trade deal

On Sunday, the British Finance Minister Rishi Sunak stated that Brexit offers the United Kingdom an opportunity to do financial services differently.

Sun, 27 Dec 2020 13:56:44 GMT

British fishermen slam PM Johnson

The UK National Federation of Fishermen's Organisations stated on Saturday that the industry was given up by the government during the Brexit deal negotiations.

Sun, 27 Dec 2020 12:49:06 GMT

US holiday sales up 3%

According to a report published by Mastercard Inc, the volume of retail sales in the US during the holiday season increased 3% mainly due to the online shopping boom.

Sun, 27 Dec 2020 12:36:37 GMT

Brexit allows Britain to act differently

The UK Finance Minister Rishi Sunak stated on Sunday that Brexit allowed the country to act differently in financial services provision, though close cooperation with the EU would be continued.

Sun, 27 Dec 2020 11:33:17 GMT

Turkey passes controversial law

On Sunday, the Turkish parliament voted for a law that the Interior Ministry to increase oversight of non-governmental organizations.

Sun, 27 Dec 2020 10:17:23 GMT

Vietnam reports December trade balance

According to the Vietnamese General Statistics Office, the country's trade deficit reached to $1B in December.

Sun, 27 Dec 2020 09:37:05 GMT

China urges Ant Group to come up with a plan

The People's Bank of China called Ant Group on Sunday to elaborate a plan how to meet regulatory demands.

Sun, 27 Dec 2020 08:00:15 GMT

Spinning Eagle Acquisition files for $1.5B IPO

Spinning Eagle Acquisition, a blank-check firm founded by Jeff Sagansky, filed to go on IPO, seeking to raise up to $1.5B.

Sun, 27 Dec 2020 06:56:27 GMT

Peach Aviation considers all-you-can-fly pass

Japan's Peach Aviation considered introducing a fixed price all-you-can-fly domestic flight pass from 2021, Fuji Network News reported, citing unnamed sources.

Sun, 27 Dec 2020 06:01:39 GMT

JLR has no UK port problems

Jaguar Land Rover was not impacted from issues at British ports, even while many countries slashed transport ties with the UK due to a spreading of new variant of the COVID-19.

Sun, 27 Dec 2020 05:21:37 GMT

Chinese industrial profits up 15.5%

Profits at China's industrial companies grew 15.5% year-on-year in November to $111.5B, the seventh month of gains, supported by strong sales and industrial production.

Sun, 27 Dec 2020 04:31:00 GMT

Philips buys BioTelemetry in $2.8B deal

Philips is set to purchase the US cardiac diagnostics and monitoring company BioTelemetry in a $2.8B deal that will strengthen its remote care products offering.

Sat, 26 Dec 2020 21:43:10 GMT

BHP resumes operations at Samarco

BHP Group met licensing requirements to resume operations and begun production of iron ore pellet at its Samarco JV with Brazil's Vale, five years since a dam disaster.

Sat, 26 Dec 2020 20:46:17 GMT

Orix to buy Elawan for nearly $965M

Tokyo-based Orix is set to buy a stake of 80% in Elawan from Spanish industrial firm Acek and its management in a deal worth about $965M.

Sat, 26 Dec 2020 20:06:56 GMT

Facebook shuts Irish units amid tax dispute

Facebook is set to wind down several holding companies in Irland, which allowed it to shift billions in profit to the country, where it was slightly taxed.

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