News

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Sun, 28 Feb 2021 16:58:15 GMT

Saudi columnists warn Biden's administration

On Sunday, Saudi columnists warned the Biden administration not to bully Saudi Arabia, as many Saudis flooded Twitter to support Crown Prince Mohammed bin Salman.

Sun, 28 Feb 2021 16:03:49 GMT

Biden to make announcement on Saudi Arabia

The Biden administration will make an announcement regarding relations with Saudi on March 1, the US President Joe Biden stated on Saturday.

Sun, 28 Feb 2021 14:56:49 GMT

UK car production declines

The car production in the UK dropped 27.3% in January 2021, compared to the same period in 2020, the British Society of Motor Manufacturers and Traders reports.

Sun, 28 Feb 2021 13:59:55 GMT

Germany employment agency spends $73.9B in 2020

The German Federal Employment Agency spent a record $73.9B in 2020 to cushion the impact of the pandemic, data published by the agency show.

Sun, 28 Feb 2021 12:54:01 GMT

Slovenia economy contracts

The economy of Slovenia contracted 5.5% in 2020, compared to the previous year, a report published by the national Statistics Office shows.

Sun, 28 Feb 2021 12:00:17 GMT

US consumer confidence drops

US consumer sentiment declined in February as few consumers anticipate widespread and persistent economic growth, data published by the University of Michigan show.

Sun, 28 Feb 2021 11:01:32 GMT

Italy services sector contracts

The service sector in Italy contracted 12.1% in 2020, the biggest contraction on record, a report published by the National Statistics Institute shows.

Sun, 28 Feb 2021 10:02:34 GMT

Brazil reports highest unemployment since 2012

The unemployment in Brazil increased to 13.5% in 2020, the highest level since 2012, data published by the Brazilian Institute of Geography and Statistics show.

Sun, 28 Feb 2021 09:22:01 GMT

UK to provide grants to pandemic hit businesses

The government plans to provide $7B of additional grants to support businesses hit by pandemic lockdowns, the British finance minister Rishi Sunak says.

Sun, 28 Feb 2021 07:59:20 GMT

China logistics sector expands in 2020

The logistics sector in China expanded 3.5% in 2020, compared to the previous year, data published by the China Federation of Logistics and Purchasing show. 

Sun, 28 Feb 2021 07:29:11 GMT

China manufacturing activity expands

Manufacturing activity in China expanded in February, but at a slower pace, compared to the previous month, the National Bureau of Statistics reports.

Sun, 28 Feb 2021 05:57:10 GMT

US regulators launched probe into Robinhood

Online brokerage Robinhood confirmed that US regulators had launched a probe into its trading curbs on its "meme stocks" after GameStop and other similar companies' shares surged during a social short-squeeze fuelled by media.

Sun, 28 Feb 2021 04:45:58 GMT

Biden's COVID-19 aid gets green light

The US House of Representatives approved on Saturday the President Joe Biden's plan worth $1.9 trillion to address the economic and human toll of the coronavirus pandemic.

Sun, 28 Feb 2021 04:02:49 GMT

Robinhood to file confidentially for IPO

Robinhood, the online brokerage based in California, is seeking to file for a confidential initial public offering in March, according to Bloomberg News.

Sat, 27 Feb 2021 23:56:37 GMT

Boeing CEO to testify over 737 MAX crash

Boeing's CEO is asked to testify in a litigation over the 737 MAX jet crash in Ethiopia amid pressure from relatives of the disaster's victims, a court filing showed.

Sat, 27 Feb 2021 21:31:54 GMT

G20 agrees to continue cooperation

The G20 members agreed on Friday to continue expansionary policies in order to help world economy to overcome the negative effect of the pandemic.

Sat, 27 Feb 2021 20:32:23 GMT

Mexico seeks migration deal

The Mexican President Andres Obrador stated on Saturday that he would try to negotiate a deal with the US to get guarantees for Mexican workers.

Sat, 27 Feb 2021 19:07:40 GMT

Reliance ties up with tech giants

India's Reliance Industries partnered with Google, Facebook and the fintech player Infibeam over setting up a global digital payment network, according to the Economic Times newspaper's report published on Saturday.

Sat, 27 Feb 2021 17:48:58 GMT

Etsy has no plans to accept bitcoin

Etsy's CEO Josh Silverman stated the e-commerce retailer had no plans to accept bitcoin as a payment form right now, unless it gained a more widespread use among customers in the retail sector.

Sat, 27 Feb 2021 17:21:29 GMT

Niu seeks supplying Gojek

Niu Technologies has entered talks with the ride-hailing firm Gojek over its electric scooters supply to raise market share in the Southeast Asia, Niu's CEO said to Reuters.

Sat, 27 Feb 2021 16:30:14 GMT

SoftBank, WeWork's CEO reach settlement

SoftBank Group stated it had reached settlement with the WeWork's ex-CEO Adam Neumann and the company's special committee in their legal battle related to WeWork's acquisition in 2019.

Sat, 27 Feb 2021 15:08:13 GMT

AMC approves bonuses to top execs

AMC Entertainment Holdings said it had granted an approval of millions in bonuses to the theatre operator's eligible employees and top executives with intention to preserve the stockholder value amid the coronavirus pandemic.

Sat, 27 Feb 2021 13:59:25 GMT

Reliance partners with Google and Facebook

According to the Economic Times, India's Reliance formed a parthership with Google, Facebook and Infibeam in order to build a local digital payment network.

Sat, 27 Feb 2021 13:32:13 GMT

Berkshire Hathaway profit on rise

Berkshire Hathaway Inc stated on Saturday that the company's operational quarterly profit increased 14%.

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