News

Note: This section contains information in English only.
Fri, 23 Oct 2020 19:43:34 GMT

US seeks lawsuit response from Google

The US Justice Department called on Alphabet's Google to respond to its antitrust lawsuit by December 19, a court filing showed on Friday.

Fri, 23 Oct 2020 18:42:25 GMT

Airbus preps to increase production

The world's biggest planemaker Airbus called on suppliers to get ready for a surge by 18% in its best-selling A320 aircraft output in the 2021 second half, after the COVID-19 crisis.

Fri, 23 Oct 2020 17:42:18 GMT

Intel's margins drop, shares fall 10%

Intel Corp reported its margins plunged in the Q3 as consumers switched to cheaper laptops, sending the company's shares down 10% on the news.

Fri, 23 Oct 2020 17:03:40 GMT

Syncapay takes over Wirecard North America

The US company Syncapay has acquired the North American division of Germany's payments firm Wirecard, in a deal backed by Centerbridge Partners and Bain Capital Ventures.

Fri, 23 Oct 2020 16:32:12 GMT

US watches Tesla's new software release

The US car safety regulator stated it was looking into Tesla's release of its "self-driving" software version over potential safety risks.

Fri, 23 Oct 2020 15:30:58 GMT

Cisco's Webex reports participant growth

Webex, Cisco's video-conferencing app, gained 590M participants last month and is likely to hit the record of more than 600M in October, almost doubling the readings recorded in March during the pandemic.

Fri, 23 Oct 2020 14:20:17 GMT

British plans for autonomous cars threaten safety

Britain's plans to allow self-driving vehicles on motorways as early as 2021 would threaten peoples' safety because the current automated technology available falls short of human capabilities to drive, Thatcham Research stated on Friday.

Fri, 23 Oct 2020 12:57:42 GMT

Huawei posts Q3 revenue growth

Huawei Technologies reported a gain in its Q3 revenue on the back of the impact from the coronavirus pandemic and US restrictions on the Chinese technology company.

Fri, 23 Oct 2020 12:13:53 GMT

AmEx quarterly profit drops 40%

On Friday, American Express posted a nearly 40% drop in its quarterly profit, tumbled by lower credit card spending by its customers, as well as due to setting aside $665M for potential defaults.

Fri, 23 Oct 2020 11:13:37 GMT

Wells Fargo considers asset management unit sale

Wells Fargo is considering the asset management business sale, in a potential deal that could be the US lender's largest shake-up since Charles Scharf, the ex-head of the Bank of New York Mellon, joined the firm as its new CEO.

Fri, 23 Oct 2020 10:17:41 GMT

Daimler raises 2020 profit outlook

On Friday, Daimler has lifted its 2020 profit forecast after reporting a record 24% surge in the Chinese demand for the Mercedes-Benz vehicles that bolstered margins in the Q3.

Fri, 23 Oct 2020 08:50:36 GMT

UK PMI boosts GBP

As the UK Purchasing Managers Indices were published on Friday morning, the Pound surged despite a slowdown in economic recovery.

Fri, 23 Oct 2020 07:54:28 GMT

German PMI causes EUR surge

On Friday, as the German Purchasing Managers Indices were released, they caused a surge of the Euro against peer currencies.

Fri, 23 Oct 2020 07:29:56 GMT

Huawei revenues grow

On Friday, Huawei Technologies announced a gain in quarterly revenues despite the coronavirus and US restrictions.

Fri, 23 Oct 2020 06:16:04 GMT

Wirecard American unit sold to Syncapay

Wirecard North America, the unit of German payments firm Wirecard, was sold to Syncapay, the US holding firm focused on payment services.

Fri, 23 Oct 2020 04:23:10 GMT

US business borrowing down 13%

The US companies' borrowings for equipment declined nearly 13% year-on-year in September from a year earlier, the ELFA reported on Thursday.

Fri, 23 Oct 2020 03:23:59 GMT

WhatsApp to offer additional services

Facebook announced that its WhatsApp messaging app is likely to start to offer hosting services and in-app purchases, aiming to boost revenue from the app.

Thu, 22 Oct 2020 20:46:59 GMT

Deutsche Bank considers selling IT unit

Germany's Deutsche Bank was in negotiations to sell IT services unit Postbank Systems, sources said, adding that potential buyer is Tata Consultancy Services.

Thu, 22 Oct 2020 20:09:29 GMT

Tesla revenue rises 39% in Q3

The US electric vehicle producer Tesla announced a total revenue of $8.77B in the third quarter of 2020, an increase of 39% from the same period the prior year.

Thu, 22 Oct 2020 18:52:29 GMT

German consumer climate deteriorates

The German consumer climate worsened in November amid a second wave of the coronavirus pandemic, data published by the market research institute GfK show.

Thu, 22 Oct 2020 18:03:50 GMT

Uzbek central bank keeps key rate unchanged

The Central Bank of Uzbekistan has kept its key rate unchanged at 14%, a statement published by the chairman of the bank Mamarizo Nurmuratov shows.

Thu, 22 Oct 2020 16:46:50 GMT

HK fines Goldman Sachs over 1MDB failings

Hong Kong's markets watchdog fined Goldman Sachs's Asian business $350M for the company's role in 1MDB scandal.

Thu, 22 Oct 2020 15:42:45 GMT

US home sales at 14-year high

The US existing home sales grew 9.4% to 6.54M units in September, the highest level in 14 years, supported by historically low mortgage rates.

Thu, 22 Oct 2020 15:24:41 GMT

Italy's AGCOM fines Google for betting ads

The Italian communications watchdog (AGCOM) fined Google for breaching national regulations banning advertising of betting and games.

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