News

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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.

Wed, 18 Nov 2020 13:46:27 GMT

Pfizer's vaccine shows 95% success rate

On Wednesday, Pfizer has reported its COVID-19 vaccine trial's final results showed a 95% success rate, paving its way to apply for the emergency US authorisation within days.

Wed, 18 Nov 2020 13:29:28 GMT

FAA assured of 737 MAX jet safety

The US Federal Aviation Administration's chief Steve Dickson stated he was "100% confident" about the Boeing 737 MAX being safety, allowing the planes to resume flights on Wednesday.

Wed, 18 Nov 2020 12:10:17 GMT

UBS projects global recovery

The Swiss financial giant UBS projected on Tuesday that production and earnings would return to pre-pandemic levels by the end of next year.

Wed, 18 Nov 2020 11:02:21 GMT

McCafe to increase presence in China

McDonald's brand, McCafe, stated on Tuesday that it would invest $381. 6M in Shanghai coffee market over the next three years.

Wed, 18 Nov 2020 09:59:06 GMT

Boeing says more cargo planes are required

The US Boeing stated on Tuesday that air cargo transportation is expected to grow 4% annually over the next two decades, thus creating a demand for production of more cargo planes.

Wed, 18 Nov 2020 08:59:05 GMT

Air France-KLM in discussions to raise $7.1B

According to Le Monde newspaper report published on Tuesday, Air France-KLM is discussing ways to raise $7.1B from its main shareholders.

Wed, 18 Nov 2020 08:00:40 GMT

Twitter hires famed hacker as head of security

Twitter Inc has appointed Peiter Zatko, the world's most respected hackers, as the new head of security.

Wed, 18 Nov 2020 07:01:12 GMT

US issues new license to Chevron

On Tuesday, the US Treasury Department granted Chevron Corp a new license to wind down its operations in Venezuela by June 3.

Wed, 18 Nov 2020 06:13:01 GMT

Lagarde warns against COVID-19 vaccine optimism

On Tuesday, the European Central Bank President Christine Lagarde said that an effective COVID-19 vaccine would not be a major game-changer for ECB's economic forecasts.

Wed, 18 Nov 2020 05:02:48 GMT

Amazon launches Amazon Pharmacy

On Tuesday, Amazon.com launched an online drugstore, a new service offering home delivery for prescription medications in the US.

Wed, 18 Nov 2020 04:11:29 GMT

US household debt surges

Total household debt in the United States increased by $87 billion to $14.35 trillion in the Q3, the New York Federal Reserve reported on Tuesday.

Wed, 18 Nov 2020 02:45:58 GMT

Home Depot increases staff wage

On Tuesday, Home Depot announced that it would spend $1B on permanent wage increases for frontline hourly employees.

Tue, 17 Nov 2020 20:45:38 GMT

Baidu to buy live-streaming operations of JOYY

China's search engine Baidu stated that it would acquire JOYY's video-based live streaming business in China for about $3.6B in cash.

Tue, 17 Nov 2020 19:59:54 GMT

Banco Santander buys Wirecard's assets

Wirecard's insolvency administrator Michael Jaffe stated that the company's tech assets and platform were to Spain's Banco Santander.

Tue, 17 Nov 2020 18:46:30 GMT

Amazon, NXP to adopt cloud services for cars

Dutch chipmaker NXP Semiconductors entered a strategic partnership with cloud computing unit of Amazon.com to allow cars to communicate with data centres.

Tue, 17 Nov 2020 17:42:29 GMT

Autodesk buys Spacemaker for $240M

Autodesk Inc stated that it bought Spacemaker, a Norwegian company whose applications are used by architects, for $240M.

Tue, 17 Nov 2020 17:15:48 GMT

Scania to invest in battery plant

Swedish truckmaker Scania announced plans to invest more than 1B Swedish crowns or $116M over the next years in its battery assembly plant.

Tue, 17 Nov 2020 16:07:30 GMT

Daimler to build engines with Geely

Germany's carmaker Daimler is set to cooperate with China's Geely to develop a next-generation combustion engine to be used in hybrids.

Tue, 17 Nov 2020 14:44:14 GMT

US October retail sales miss forecasts

US retail sales rose less than anticipated last month, showing a tendency to slow further, tumbled by spiralling new coronavirus infections, as well as declining household income.

Tue, 17 Nov 2020 14:16:20 GMT

Apple, ChargePoint tie up on EV charging info

On Tuesday, ChargePoint, the electric car charging network, has partnered with Apple over integrating a broad spectrum of electric vehicle charging information integration into Apple-made CarPlay infotainment system.

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