News

Note: This section contains information in English only.
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.

Thu, 17 Dec 2020 15:37:43 GMT

Germany's Spryker attracts over $130M

Spryker, the German business software maker, raised over $130M in its round of financing led by the US investment company TCV, seeking for expansion in international markets.

Thu, 17 Dec 2020 13:41:59 GMT

Japanese govt plans $1.03 trln budget

Japan's government is planning the record-high budget worth $1.03 trillion for the following fiscal year, bolstered by its COVID-19 response as well as rising military and welfare spending, Reuters reported on Thursday.

Thu, 17 Dec 2020 12:53:31 GMT

Toshiba's top investor seeks emergency meeting

Toshiba's largest investor urged to hold an emergency meeting among shareholders to investigate the Japanese company's annual general meeting that took place in July at which some shareholders' voting rights were potentially compromised.

Thu, 17 Dec 2020 12:10:09 GMT

Germany's N26 views more fundraising

Germany's fintech N26, which had been valued at $3.6B in its fundraising held in May, is seeking more financing round ahead of its initial public offering in 2023.

Thu, 17 Dec 2020 10:45:50 GMT

US states sue Google and Facebook

On Thursday, it was revealed that Texas and nine other US states were suing Google and Facebook for breaking antitrust laws.

Thu, 17 Dec 2020 09:54:00 GMT

GoCardless attracts $95M in funding

GoCardless, the UK digital payments firm, raised $95M in the Bain Capital Ventures-led round of funding, seeking to invest in its open banking strategy.

Thu, 17 Dec 2020 09:07:48 GMT

Nokia appoints new strategy and technology head

On Thursday, Nokia has appointed Nishant Batra as its new chief strategy and technology officer as well as the group leadership team's member, effective January 18, 2021.

Thu, 17 Dec 2020 07:41:46 GMT

Boeing aims to relaunch 737 MAX

Boeing has started to hire around 160 new pilots as the company seeks to relaunch its 737 MAX jets, following a 20-month-long safety ban.

Thu, 17 Dec 2020 06:02:00 GMT

Citigroup urges Revlon payment return

Citigroup attempted to persuade the federal judge to force Revlon Inc lenders to return half a billion dollars of its own money, which it mistakenly sent them.

Thu, 17 Dec 2020 05:27:34 GMT

Motional, Lyft to launch robotaxi service

Lyft and Motional, the JV between Aptiv and Hyundai, are set to launch a multi-city robotaxi service in the US in 2023.

Thu, 17 Dec 2020 04:23:47 GMT

Germany to add €1.5M to Thyssenkrupp's plant

Germany is set to make a €1.5M contribution to Thyssenkrupp's planned hydrogen electrolysis factory in Saudi Arabia within a strategy to support hydrogen technology.

Wed, 16 Dec 2020 21:44:38 GMT

UBS to sell Austrian business to LGT

UBS is set to sell its wealth management business in Austria to Liechtenstein-based bank LGT, the Swiss banking giant stated on Wednesday.

Wed, 16 Dec 2020 20:48:29 GMT

StockX gets $275M in funding round

StockX announced that it raised $275M in a financing round led by Tiger Global Management, valuing the e-commerce startup at $2.8B.

Wed, 16 Dec 2020 20:02:47 GMT

Upstart's shares surge in market debut

Upstart Holdings' shares increased 30% in their Nasdaq debut, giving the cloud-based AI lending platform $1.88B market capitalization.

Wed, 16 Dec 2020 19:00:40 GMT

World Bank: Cambodia economy to expand in 2021

The economy of Cambodia is projected to expand 4% in 2021 after a contraction in 2020, a statement published by the World Bank shows.

Wed, 16 Dec 2020 18:00:47 GMT

Greece projects economy to grow 4.8% in 2021

The Greek economy is expected to expand 4.8% in 2021, a statement published by the Greek Prime Minister Kyriakos Mitsotakis shows.

Wed, 16 Dec 2020 16:48:24 GMT

Samsung, IBM tie up over edge computing

Samsung Electronics has signed a cooperation agreement with IBM on Wednesday to combine private 5G networks with the "edge computing", as the companies aim to help their customers automate production.

Wed, 16 Dec 2020 15:42:35 GMT

Zoom to establish R&D centre in Singapore

On Wednesday, Zoom Video Communications announced its plans to expand its footprint in Singapore by setting up a research & development centre as well as immediately hiring hundreds of new staff for the operations.

Wed, 16 Dec 2020 14:41:32 GMT

Bitcoin hits new all-time high

On Wednesday, the price for Bitcoin passed the 20,000.00 mark and immediately reached the resistance of the 20,800.00 level.

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