News

Note: This section contains information in English only.
Fri, 30 Apr 2021 16:46:37 GMT

Turkey approves use of Sputnik V vaccine

Turkey approved the emergency use of Russia's Sputnik V COVID-19 vaccine, the Turkish Health Minister Fahrettin Koca says.

Fri, 30 Apr 2021 16:19:44 GMT

Turkey tourism revenue declines

Turkey's tourism revenue declined 40.2% in the first quarter of 2021, compared to the same period in 2020, the Turkish Statistical Institute reports.

Fri, 30 Apr 2021 15:21:04 GMT

Portugal economy contracts

The economy of Portugal contracted 5.4% in the first quarter of 2021, compared to the same period in 2020, data published by the National Statistics Institute show.

Fri, 30 Apr 2021 13:51:20 GMT

Exxon beats earnings forecasts

On Friday, Exxon Mobil reported it had beaten Wall Street's quarterly earnings expectations, driven by the rebound in oil prices and robust chemicals margins.

Fri, 30 Apr 2021 13:04:53 GMT

Gojek plans shift to EVs by 2030

Gojek, the Indonesian ride-hailing company, is planning a shift to electric cars and motorcycles on its platform by 2030 via partnerships with favourable leasing arrangements and producers.

Fri, 30 Apr 2021 12:02:19 GMT

Bain Capital attracts $11.8B for new fund

Bain Capital, the US private equity company, stated it had raised as much as $11.8B from employees and outside investors for its North American latest flagship buyout fund.

Fri, 30 Apr 2021 11:06:54 GMT

Chevron profit falls 29%

Chevron reported its Q1 profit plunged as much as 29% compared with last year's same period, as gains from gas and oil prices weakened by lower refining margins and output losses.

Fri, 30 Apr 2021 10:12:49 GMT

Darktrace shares surges on debut

On Friday, the UK cybersecurity company Darktrace's shares surged in its London market debut, 38% above the IPO price, valuing the firm at £1.7B.

Fri, 30 Apr 2021 08:49:03 GMT

Alibaba freezes exec pay lifts

Alibaba Group Holding froze the top executives' pay rises for the current year and granted junior employees with larger salary increases instead amid China's curbs on big tech.

Fri, 30 Apr 2021 08:35:04 GMT

EU's Vestager plans news conference

Margrethe Vestager, the European Union's antitrust chief, is set to conduct a news conference on Friday at 11:00 GMT, where she will charge the tech giant Apple for anti-competitive practices.

Fri, 30 Apr 2021 07:00:08 GMT

Gilead Q1 profit surges

Gilead Sciences reported its Q1 product sales soared 16%, including $1.46B in sales of Remdesivir, the company's COVID-19 antiviral drug, but warned the sales of its hepatitis C and HIV drugs were down amid the pandemic.

Fri, 30 Apr 2021 06:00:09 GMT

Ford drops 10% amid chip shortage

Ford Motors' shares tumbled over 10% on Thursday, following the report that the global chip shortage could potentially trim its Q2 vehicle production in half.

Fri, 30 Apr 2021 05:41:21 GMT

GM to make EVs in Mexico

General Motors is planning to start making electric cars in Mexico from 2023 as part of its $1.0B investment, the US automaker announced.

Fri, 30 Apr 2021 04:00:07 GMT

Twitter shares sink 9%

Twitter's shares plunged 9% in after-trade hours on Thursday on its lukewarm revenue outlook for the Q2 and warned of surging costs and expenses, marking potential user growth decline in the current year.

Fri, 30 Apr 2021 03:00:08 GMT

Amazon posts biggest profit ever

Amazon.com reported the largest profit ever, with the company's sales rising as well, boosted by consumer spendings during the pandemic, while shares surged as much as 4% after the US trading session ended.

Thu, 29 Apr 2021 21:04:50 GMT

Facebook fuels S&P 500 to record high

On Thursday, the S&P 500 reached its intraday record high, driven by Facebook's gains following the social media giant's robust earnings report.

Thu, 29 Apr 2021 20:00:07 GMT

Ford shares down 10% on hit by chip shortage

Shares of Ford Motor declined above 10% on Thursday, following its warning about the global semiconductor chip shortage, which would cut its Q2 vehicle production in half.

Thu, 29 Apr 2021 19:00:07 GMT

Salesforce acts over climate with suppliers

Salesforce.com Inc announced that supplier contracts will require partner companies to set carbon-reduction goals and deliver services and products on a carbon-neutral basis.

Thu, 29 Apr 2021 18:00:07 GMT

Microsoft to charge game developers less

The New York Times reported that Microsoft is set to slash its charges for developers of video games for using its online store starting from August.

Thu, 29 Apr 2021 17:00:06 GMT

Unilever plans €3B share buyback

Unilever announced a €3B share buyback, adding that it was assured of hitting this year's sales targets, as demand from home cooks and China helped to beat Q1 sales expectations.

Thu, 29 Apr 2021 16:00:07 GMT

Samsung beats Apple in smartphone shipments

According to the Canalys report, Samsung shipped 76.5M smartphones in the Q1, getting a 22% market share, while Apple shipped 52.4M iPhones in the same period.

Thu, 29 Apr 2021 14:45:57 GMT

Mastercard reports $4.2B revenue

Mastercard Inc reported that its net revenue increased 4% to $4.2B from last year, surpassing estimates for $3.99B, as improved consumer spending helped offset a decline in cross-border card payments.

Thu, 29 Apr 2021 14:04:41 GMT

Tech giants to drive Wall Street indexes

On Thursday, Apple and Facebook posted their stellar earnings, boosting the Wall Street main indexes during the US trading hours.

Thu, 29 Apr 2021 13:34:45 GMT

Baidu to roll out robotaxi services

China's Baidu announced on Thursday it is set to launch paid driverless ride-hailing services in Beijing starting May 2, making it the first local company among the others to offer such a service to paying users.

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