News

Note: This section contains information in English only.
Fri, 16 Oct 2020 06:29:59 GMT

Foxconn seeks to supply world's EVs

Apple's main supplier Foxconn is seeking to provide its services or components to 10% of the global electric vehicles by the 2025-2027 time period and has entered talks with multiple automakers over future cooperation.

Fri, 16 Oct 2020 05:30:34 GMT

Twitter restricts Trump's campaign

On Thursday, Twitter restricted from tweeting the election campaign account of the US President Donald Trump.

Fri, 16 Oct 2020 04:15:59 GMT

US import prices rise

Data published on Thursday revealed that US import prices had risen in September, as the USD weakened.

Fri, 16 Oct 2020 03:31:27 GMT

IMF comments on economy

The Managing Director of the International Monetary Fund Kristalina Georgieva stated on Thursday that a recovery from the coronavirus would add $9 trillion to the global economy.

Thu, 15 Oct 2020 20:54:48 GMT

Shift shares drop

On Thursday, the stock price of Shift Technologies dropped 6.7% during its Nasdaq stock exchange debut.

Thu, 15 Oct 2020 19:49:21 GMT

Proterra secures $200M investment

The US electric-bus manufacturer Proterra stated that it secured a $200M investment to support battery and electric-drivetrain R&D.

Thu, 15 Oct 2020 19:18:46 GMT

Nestle starts $5B sale of water brands

Nestle begun the sale of its North American water brands, such as Poland Spring and Pure Life, and could fetch nearly $5B, sources familiar with the matter stated.

Thu, 15 Oct 2020 18:11:31 GMT

Innoviz: lower lidar costs ramp up car development

Innoviz Technologies stated price reductions for the laser-based sensors will accelerate autonomous car development, adding that it designed a lidar costing 70% less.

Thu, 15 Oct 2020 16:46:36 GMT

BP sells British petrol station leases

BP raised £400M or $517M from the sale of the stake in land leases of 199 UK petrol stations to a British pension fund.

Thu, 15 Oct 2020 15:48:17 GMT

Boots UK sales fall 29%

The UK health and beauty retailer Boots announced that comparable store sales dropped 29.2% year-over-year in the last quarter, as client numbers were dented by the pandemic.

Thu, 15 Oct 2020 15:16:27 GMT

Fisker deals with Magna to build SUV

Fisker announced that auto supplier Magna International will supply the car platform and build the electric carmaker's SUV.

Thu, 15 Oct 2020 14:05:21 GMT

Pirelli launches R&D reshape amid pandemic

Italy's tyremaker Pirelli have decided to reboot its R&D to stay on track during the coronavirus crisis after the pandemic forced the company to temporarily close its plants in March.

Thu, 15 Oct 2020 13:30:33 GMT

US jobless claims surge unexpectedly

The number of US claims for unemployment benefits unexpectedly surged to 898K last week, compared to the 845K reading the previous week, the Labor Department reported on Thursday.

Thu, 15 Oct 2020 11:42:51 GMT

KPN chooses Ericsson over Huawei

The Dutch telecom firm KPN selected Sweden's Ericsson to establish the 5G network's core elements over China's Huawei, according to the company's statement made on Thursday.

Thu, 15 Oct 2020 11:21:02 GMT

Morgan Stanley pilots programme for diversity boost

Morgan Stanley has launched a new programme for recruiting Black talent in the bank's capital markets division, seeking to boost diversity amid nationwide racial inequality protests.

Thu, 15 Oct 2020 10:08:08 GMT

China raises US capital

On Thursday, Reuters revealed that the government of China had managed to raise $6 billion from a bond issue aimed at US investors.

Thu, 15 Oct 2020 08:53:45 GMT

EU shares drop amid second wave fears

On Thursday, European shares fell to almost two-week low due to a resurgence in the coronavirus cases across the world and fading hopes for additional US fiscal stimulus.

Thu, 15 Oct 2020 08:21:19 GMT

US may add Ant Group to trade blacklist

On Thursday, the US State Department submitted its proposal for Trump's administration demanding to add the Chinese fintech firm Ant Group to the trade blacklist, before it goes public.

Thu, 15 Oct 2020 04:57:59 GMT

Daimler committed to F1, aims to cut costs

Mercedes owner Daimler was committed to Formula One, though was working to cut costs and diminish the environmental impact of motor racing, CEO Ola Kaellenius stated.

Thu, 15 Oct 2020 04:32:22 GMT

Fund manager AJO to close business

AJO Partners with $10B in assets stated that it will shut at the end of this year after "lingering viability concerns" from clients.

Thu, 15 Oct 2020 03:38:40 GMT

Microsoft deals with Equinor over CO2 storage

Microsoft Corp signed a memorandum of understanding with Norway's Equinor to explore the use of a CO2 storage facility, seeking to lower its carbon emissions.

Wed, 14 Oct 2020 20:43:03 GMT

BlackRock invests $118M in EV startup

The UK electric car startup Arrival announced that it raised $118M from the US funds manager BlackRock Inc.

Wed, 14 Oct 2020 18:58:45 GMT

Uganda reports revenue surplus

Uganda ended the first quarter of the current fiscal year with a revenue surplus of over $274M, a statement published by the Uganda Revenue Authority shows.

Wed, 14 Oct 2020 18:13:23 GMT

Singapore economy contracts 7% in Q3

The economy of Singapore contracted 7% in the third quarter of 2020, compared to the same period the prior year, the Ministry of Trade and Industry reports.

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