News

Note: This section contains information in English only.
Tue, 02 Mar 2021 07:19:43 GMT

Volvo plans to go fully electric by 2030

On Tuesday, Volvo said it will go all electric by 2030, joining other carmakers' plan to gradually abandon fossil-fuel engines by this decade's end.

Tue, 02 Mar 2021 06:30:50 GMT

Johnson & Johnson comments on vaccine

On Monday, Johnson & Johnson announced that it could soon ship huge volumes of vaccines due to the opening of a new plant.

Tue, 02 Mar 2021 04:53:54 GMT

Citi comments on Bitcoin

Citi bank announced on Monday that Bitcoin could soon become the preferred form of payment for international trade.

Tue, 02 Mar 2021 03:41:02 GMT

Oil CEOs expect rise in demand

On Monday, Reuters revealed that a group of oil company CEOs are expecting a pick up in global demand for oil.

Mon, 01 Mar 2021 21:40:24 GMT

Wall Street rallies on Monday

During Monday's US trading hours, stock indices surged, as the US approved new stimulus and a new fiscal year started in many developed countries.

Mon, 01 Mar 2021 21:13:29 GMT

Oil down 1% on Monday

Oil prices declined 1% on Monday amid fears about slowing China's consumption and OPEC's likely global supply increase. Brent crude fell 0.73$ or 1.1%, while US WTI lost 0.86$ or 1.4%.

Mon, 01 Mar 2021 19:51:50 GMT

CFO of Beyond Meat to retire

Beyond Meat Inc announced that its Chief Financial Officer Mark Nelson is set to retire in May, which was a voluntary decision and not a consequence of any disagreement related to the company.

Mon, 01 Mar 2021 19:15:36 GMT

AstraZeneca sells its stake Moderna

AstraZeneca sold the company's stake in the rival coronavirus vaccine maker Moderna for almost $1B during the last year.

Mon, 01 Mar 2021 17:48:14 GMT

Twilio to invest in Syniverse

Cloud communications platform Twilio announced on Monday that it is set to invest up to $750M in telecommunications services firm Syniverse Technologies LLC.

Mon, 01 Mar 2021 16:52:37 GMT

Marvell joins Facebook-backed 5G effort

On Monday, Marvell Technology Group announced it would supply its chips to a Facebook-backed project deemed to make it cheaper and easier to deploy the 5G networking equipment.

Mon, 01 Mar 2021 14:51:29 GMT

UK consumer credit drops in January

UK consumer borrowing dropped at the fastest pace last month since May 2020, as the country was hit by another coronavirus lockdown, according to Bank of England's data revealed on Monday.

Mon, 01 Mar 2021 14:31:58 GMT

Klarna becomes EU most valuable startup

Swedish payments company Klarna almost tripled its valuation to $31B in nearly six months with the help of a new $1B private fundraising round.

Mon, 01 Mar 2021 13:36:57 GMT

Saudia to order 70 Boeing, Airbus jets

Saudi Arabian Airlines is planning to order 70 jets from Boeing and Airbus, according to the country's news outlet Maaal.

Mon, 01 Mar 2021 12:30:52 GMT

SoftBank's internet unit plans tech investment

On Monday, Z Holdings, SoftBank's internet subsidiary, revealed its plans to invest $4.7B in technology during the following five years, seeking to resist bigger overseas rivals' onslaught.

Mon, 01 Mar 2021 10:41:02 GMT

Crude oil prices surge

During Monday's European trading hours, crude oil prices surged, as the US passed a new stimulus package, which was expected to boost demand.

Mon, 01 Mar 2021 09:44:52 GMT

Danone plans Chinese asset sale

Danone is planning to sell its stake in China's dairy partner amid facing pressure from its shareholders to boost the French food group's performance and governance.

Mon, 01 Mar 2021 09:13:30 GMT

Porsche joins EV maker Rimac's fundraising

Volkswagen's unit Porsche has joined to a fundraising of the electric supercar maker Rimac Automobili, which expects to attract $157M-$181M, the carmaker's owner Mate Rimac said.

Mon, 01 Mar 2021 07:58:49 GMT

Logitech sees drop in FY 2022

On Monday, Logitech International warned its operating income for the 2022 fiscal year is likely to slide following the 2021 boom caused by demand for its keyboards and mice for remote work and leisure during the pandemic.

Mon, 01 Mar 2021 07:37:20 GMT

AstraZeneca sells Moderna stake

AstraZeneca sold its 7.7% Moderna stake for over $1B after shares of the US biotechnology firm surged due to its COVID-19 vaccine breakthrough, according to The Times report.

Mon, 01 Mar 2021 06:05:53 GMT

Australian home prices surge

According to data from the Australian and New Zealand Banking Group, Australia's home prices skyrocketed at the fastest pace in almost 20 years in February.

Mon, 01 Mar 2021 04:54:59 GMT

Asian shares edge higher

On Monday, Asian shares edged higher. MSCI's broadest index of Asia-Pacific shares outside Japan surged by 0.80%, Japan's Nikkei edged up by 2.1%, while Chinese blue chips added 0.5%.

Mon, 01 Mar 2021 04:01:37 GMT

China's factory activity increases in February

According to data from the National Bureau of Statistics, the Chinese manufacturing activity increased in February.

Mon, 01 Mar 2021 02:29:00 GMT

Sunak comments on public finances

On Sunday, Rishi Sunak, Britain's Chancellor of the Exchequer, said that the public finances problem cannot be fixed overnight.

Sun, 28 Feb 2021 21:27:42 GMT

S. Korea central bank expects economic growth in 2021

The economy of South Korea is expected to expand 3% in 2021 from the previous year, a report published by the central bank of South Korea shows.

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