News

Note: This section contains information in English only.
Thu, 19 Nov 2020 19:45:44 GMT

Vodafone strikes deal with Sumitomo

UK's Vodafone Group and Japan's Sumitomo Corp are set to collaborate on digital services and international technology infrastructure projects, the companies stated.

Thu, 19 Nov 2020 18:48:40 GMT

GM increases EV spending to $27B

General Motors announced that it boosted spending on electric cars 35% to more than $27B and outlined plans to increase battery production.

Thu, 19 Nov 2020 18:04:59 GMT

EU to impose extra sanctions on Belarus

EU Foreign Ministers agreed to proceed with the next round of sanctions over Belarus, Belarusian firms, responding to state repression of protests.

Thu, 19 Nov 2020 17:09:43 GMT

Carlyle closes $95M financing for Zippy Shell

Carlyle Group stated that it completed a $95M funding for Zippy Shell, one of the biggest moving-and-storage service providers in the US.

Thu, 19 Nov 2020 15:50:05 GMT

Nasdaq to buy Verafin for $2.75B

Exchange operator Nasdaq stated that it would buy Verafin, the anti-financial crime software company, for $2.75B in cash.

Thu, 19 Nov 2020 14:59:30 GMT

Daimler to lift Mercedes-Benz Maybach car sales

On Thursday, Germany's luxury carmaker Daimler announced its plans to double the sales of the company's Maybach-branded Mercedes-Benz cars, after reporting 12K vehicle sales last year.

Thu, 19 Nov 2020 14:23:26 GMT

US weekly jobless claims surge abruptly

The number of US citizens filing their claims for unemployment benefits surged unexpectedly last week following new layoffs and slow labour market recovery due to the coronavirus pandemic.

Thu, 19 Nov 2020 13:36:36 GMT

Macy's posts 20% drop in comparable sales

On Thursday, Macy's posted over 20% fall in its quarterly comparable sales, expecting a decline in the whole fall season, and marking a tough holiday period for the company.

Thu, 19 Nov 2020 11:48:51 GMT

Google relaunches Pay app

Alphabet's Google redesigned its US payments app by implementing paid promotions to its service, as well as opening the waitlist for Citigroup bank accounts, which are set to be launched in 2021.

Thu, 19 Nov 2020 10:56:19 GMT

UBS pays out dividend

On Thursday, UBS announced that it would be paying out its 2019 dividend in full amount. The bank is the first one in the sector to do so.

Thu, 19 Nov 2020 09:49:52 GMT

Japan to strat trials on issuing digital yen

Over 30 major Japanese companies are set to launch experiments in 2021 towards issuing a private digital currency, seeking to promote digitalisation, group's official stated on Thursday.

Thu, 19 Nov 2020 08:43:32 GMT

Tesla stocks continue to rise

Shares of Tesla surged more than 10%, extending its rally after the announcement that the electric carmaker is set to join the S&P 500.

Thu, 19 Nov 2020 08:33:44 GMT

Global debt likely to reach record $277 trillion

Global debt is likely to hit record $277 trillion by 2020-end as companies and governments continue to spend amid the COVID-19 pandemic, according to the IIF report.

Thu, 19 Nov 2020 05:51:36 GMT

Rivian eyes smaller EV for China, Europe

Rivian, backed by Ford Motor and Amazon, announced plans to follow up its two products, an SUV and full-size pickup, with smaller models for Europe and China.

Thu, 19 Nov 2020 05:29:02 GMT

UK, Canada on brink of trade agreement

Canada and the UK were closer to signing a new trade deal, which will replace the current deal Britain has through the EU membership.

Thu, 19 Nov 2020 04:38:18 GMT

Ericsson disagrees with Huawei ban in Sweden

The head of telecoms equipment producer Ericsson told the FT that Sweden's decision to ban Huawei from its 5G networks restricts free trade and competition.

Wed, 18 Nov 2020 21:48:48 GMT

Intact, Tryg to buy RSA for £7.2B

Canada's Intact Financial and Denmark's Tryg reached an agreement to buy the UK insurance group RSA for £7.2B in cash.

Wed, 18 Nov 2020 20:43:55 GMT

Uber seeks partnership with self-driving firms

Uber Technologies self-driving unit considers partnership with other autonomous firms, according to the company's CEO statement made on Wednesday.

Wed, 18 Nov 2020 19:49:37 GMT

BMW shifts engine output to Britain

On Wednesday, BMW announced its plans to retool the German plants to build electric vehicles and components, seeking to move its combustion engine manufacturing to factories in England and Austria.

Wed, 18 Nov 2020 19:01:10 GMT

Big companies form US lobbying group for EV

Major US utilities group together with Tesla, Uber and others created a new US lobbying group for national policies aimed to bolster electric vehicle sales.

Wed, 18 Nov 2020 17:46:37 GMT

Amazon France sees lockdown boosting sales

Amazon France's CEO stated on Wednesday that the second French lockdown was boosting the online retailer's sales with the activity rising 40%-50%.

Wed, 18 Nov 2020 16:48:29 GMT

Bitcoin hits its cord-high since Dec. 2017

Bitcoin has broken through $18K this Wednesday to hit thee record-high since December 2017, driven by growing demand for the cryptocurrency's perceived quality as expectations of the mainstream acceptance and inflation hedge.

Wed, 18 Nov 2020 16:35:41 GMT

Apple to reduce App Store fees for some developers

On Wednesday, Apple announced its plans to launch a programme to lift down its App Store fees for smaller software developers, who have not more than $1M in proceeds annually from the store.

Wed, 18 Nov 2020 15:35:01 GMT

GM to unveil expanded EV strategy

General Motors is set to announce on Thursday its expanded and boosted electric vehicle strategy in the company's effort to assure investors about its chances to be a serious rival to Tesla.

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