News

Note: This section contains information in English only.
Wed, 02 Jun 2021 14:00:09 GMT

Tyson Foods CEO resigns

On Wednesday, Tyson Foods announced its CEO Dean Banks is set to step down from his role, marking personal reasons, and will be succeeded by Donnie King, the company's operations director.

Wed, 02 Jun 2021 13:00:09 GMT

SoftBank considers investment in Kitopi

SoftBank Group has entered talks over a potential investment in the latest funding round of Kitopi, the Dubai-based "cloud kitchen", via its technology fund, according to Reuters.

Wed, 02 Jun 2021 11:52:04 GMT

Etsy to acquire Depop for $1.63B

On Wednesday, Etsy announced its planned acquisition of Depop, the Gen-Z aimed fashion reseller, in a deal worth $1.63B, as it seeks to lure more younger shoppers.

Wed, 02 Jun 2021 11:30:37 GMT

StanChart to roll out crypto trading platform

Standard Chartered's unit is planning to launch a cryptocurrency trading platform in Europe and Britain, deemed for institutional clients, the lender announced on Wednesday.

Wed, 02 Jun 2021 09:58:35 GMT

AMC share price surges

Prior to Wednesday's US trading hours, the stock price for AMC surged in pre-market, as the price gained 28%.

Wed, 02 Jun 2021 09:00:13 GMT

Zoom sees upbeat quarterly revenue

Zoom Video Communications is expecting its current-quarter revenue to be above forecasts, as hybrid work models' rapid adoption by companies is likely to drive robust demand for Zoom's video conferencing tools.

Wed, 02 Jun 2021 08:00:08 GMT

AB Volvo may distribute sale proceeds

The board of Volvo has proposed to distribute the proceeds from its UD Trucks sale to shareholders, according to the Swedish truckmaker's statement made late on Tuesday.

Wed, 02 Jun 2021 06:54:09 GMT

China, US hold economic talks

Liu He, China's Vice Premier, has held economic talks with Janet Yellen, the US Treasury Secretary, in the Chinese official's second virtual call during this week.

Wed, 02 Jun 2021 06:36:57 GMT

TSMC to build Arizona chip factory

Taiwan Semiconductor Manufacturing Co has launched the site construction in Arizona where the company plans to spend as much as $12B to build its chip factory, according to CEO's statement.

Wed, 02 Jun 2021 05:00:08 GMT

EZ inflation surges past ECB's elusive target

According to data from Eurostat, Eurozone inflation accelerated to 2% in May, above the European Central Bank's target.

Wed, 02 Jun 2021 04:00:06 GMT

Musk comments on Tesla's car price increase

Tesla's Chief Executive Officer Elon Musk said that the reason why the cost of Tesla vehicles is increasing was due to major supply chain price pressure industry-wide.

Wed, 02 Jun 2021 03:00:06 GMT

US construction spending increases in April

As reported by the US Commerce Department said on Tuesday, the US construction spending expanded by 0.20% in April.

Wed, 02 Jun 2021 02:00:07 GMT

US factory activity picks up last month

According to the Institute for Supply Management, the US manufacturing activity rose to a reading of 61.20 in May.

Tue, 01 Jun 2021 20:00:05 GMT

Pembina to buy Canada's Inter for $6.9B

Pembina Pipeline agreed to buy Inter Pipeline for nearly $6.9B in an all-stock deal, which will create one of the biggest energy companies in Canada.

Tue, 01 Jun 2021 19:04:18 GMT

Coinbase partners with Google, Apple wallets

Coinbase Global launched cooperation with Apple and Alphabet's Google, which will allow users to add cards from the accounts to the payment applications of two tech giants.

Tue, 01 Jun 2021 18:00:08 GMT

CNN has plans for new streaming service

CNN, the cable news network owned by WarnerMedia, has unveiled its plans for a new streaming platform, called informally as CNN+, according to the Wall Street Journal's report seen on Tuesday.

Tue, 01 Jun 2021 17:00:07 GMT

Domino's to add 5,000 new staff in UK

On Tuesday, Domino's Pizza Group announced its plans to hire 5K new delivery drivers and pizza chefs to boost its 1,100 stores in Britain amid rapidly-growing customer demand.

Tue, 01 Jun 2021 16:00:09 GMT

KKR, CD&R close to Cloudera buyout

The private-equity companies Clayton Dubilier & Rice and KKR & Co are close to finalise the deal to buy out Cloudera at the $4.7B valuation, according to Bloomberg News.

Tue, 01 Jun 2021 15:00:06 GMT

Exabeam attracts $200M

On Tuesday, the cybersecurity start-up Exabeam has raised $200M in its latest funding round, bringing the company's valuation to $2.4 billion.

Tue, 01 Jun 2021 14:00:07 GMT

Climate activists hurt US companies

A recent climate activist court win against US oil companies to cut emissions has boosted the prospects of Russian and Middle Eastern oil companies.

Tue, 01 Jun 2021 13:00:08 GMT

Tencent is sued due to content

On Tuesday, a Chinese public-interest group revealed that it had sued Tencent due to inappropriate content in the app Honor of Kings.

Tue, 01 Jun 2021 12:00:06 GMT

Stocks hit record high

During Tuesday's European trading hours, stock indices around the world reached new record high levels due to US fiscal stimulus.

Tue, 01 Jun 2021 11:00:08 GMT

Cruise addresses Biden

Autonomous vehicle producer Cruise urged the US President Joe Biden to increase his backing for self-driving vehicles.

Tue, 01 Jun 2021 10:30:22 GMT

BP invests in solar projects

On Tuesday, British Petroleum revealed that it would increase its investment into solar energy in the US by $220 million.

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