News

Note: This section contains information in English only.
Tue, 21 Jul 2020 17:03:07 GMT

Coca-Cola sees recovery after toughest Q1

On Tuesday, Coca-Cola stated its demand for sodas is returning to growth after posting a 28% sales drop in the company's "most challenging" quarter of 2020 amid the coronavirus lockdowns.

Tue, 21 Jul 2020 15:51:09 GMT

Uniper to decarbonise EU gas plants

Germany's Uniper is set to draw up a plan to decarbonise its EU gas-fired power plants by 2021 in cooperation with General Electric, it announced on Tuesday.

Tue, 21 Jul 2020 15:11:12 GMT

IBM, Adobe to develop software for banks

IBM and Adobe are set to cooperate to make marketing software easier to use for banks that face strict regulations over how sensitive data must be handled.

Tue, 21 Jul 2020 14:37:57 GMT

TikTok to hire 10K workers in US by 2022

TikTok, the video-sharing application, has revealed its plan to add around 10K jobs in the US during the following three years, reporting it currently has 1.4K employees in the country.

Tue, 21 Jul 2020 13:39:23 GMT

LinkedIn trims 960 jobs amid pandemic hit

Microsoft's LinkedIn, the professional networking site, reported on Tuesday that it would slash around 960 jobs, which is 6% of the company's global workforce, amid the coronavirus pandemic.

Tue, 21 Jul 2020 12:39:09 GMT

Toyota views further production recovery in August

Toyota Motor is set to produce 2% fewer cars globally this August than initially planned, as the Japanese automaker's production recovers gradually after a major fall due to the coronavirus pandemic.

Tue, 21 Jul 2020 10:48:40 GMT

Novartis's 2020 outlook clouded amid pandemic

On Tuesday, Novartis's CEO Vas Narasimhan stated that the coronavirus pandemic caused "extremely disruptive environment" that clouded the 2020 revenue outlook of the Swiss drugmaker, after posting a fall in its quarterly profit and sales.

Tue, 21 Jul 2020 09:48:14 GMT

Crude oil prices surge

On Tuesday, the crude oil price benchmarks reached high levels that had not been seen since March.

Tue, 21 Jul 2020 08:46:42 GMT

Large firms team up over carbon emission fight

Microsoft, Nike, Starbucks, Unilever and five more industry giants from various sectors tie up into the group called "Transform to Net Zero" to combat global carbon emissions.

Tue, 21 Jul 2020 08:07:31 GMT

Soundcloud founders roll out e-bike subscription app

The Soundcloud founders are set to launch the Berlin-based e-bike subscription start-up, hoping their experience in forming a new community will ensure the service is more sustainable compared to bike-sharing.

Tue, 21 Jul 2020 06:41:04 GMT

Chevron to acquire Noble in $5B deal

Chevron is set to acquire Noble Energy, gas and oil producer, in an all-stock deal worth $5B, the largest bid since the COVID-19 crisis hit demand for global fuel and sent prices for crude to their historic lows.

Tue, 21 Jul 2020 06:00:43 GMT

IBM Q2 results top estimates

IBM reported its Q2 profit and revenue topped analysts' forecasts, driven by the strength of the company's cloud computing business, tumbling its shares 6% on the results.

Tue, 21 Jul 2020 04:45:19 GMT

Walmart Canada seeks boosting e-commerce business

Walmart Canada is planning to spend C$3.5B in the following five years to bolster its e-commerce business amid the coronavirus pandemic prompting a major shift to online shopping.

Tue, 21 Jul 2020 03:50:18 GMT

China considers retaliating against Ericsson, Nokia

China may retaliate against the telecom gear makers Ericsson and Nokia if the EU bloc joins Britain and the US in banning Huawei from 5G networks, according to the Wall Street Journal.

Tue, 21 Jul 2020 03:02:32 GMT

Embraer's commercial deliveries collapse due to pandemic

Brazil's planemaker Embraer reported it had delivered only four commercial jets in the Q2, compared with 26 the previous year's same period, blaming the coronavirus pandemic for the collapse.

Mon, 20 Jul 2020 21:50:40 GMT

Aurora expands autonomous car testing to Texas

Aurora, the self-driving start-up, is expanding its vehicle development and testing to Texas, while already testing its cars in Pittsburgh and the San Francisco Bay Area, according to Reuters.

Mon, 20 Jul 2020 19:42:59 GMT

Sberbank likely to write off $2B state loan

Russia's Sberbank may be able to write off $2B in a state loan from the Russian central bank amid government's support for its largest bank during the coronavirus crisis.

Mon, 20 Jul 2020 19:24:40 GMT

Halliburton reports quarterly loss amid shale drop

On Monday, Halliburton, the oilfield services giant, reported its third consecutive quarterly loss as the company took a $2.1B impairment charge due to a plunge in oil prices as well as drilling collapse by North America's customers.

Mon, 20 Jul 2020 18:06:22 GMT

US Airline stocks step lower

Due to the plunge in air travel demand, the price of major US airline companies slipped on Monday, US Global Jets ETF declined 2.6% in the midday.

Mon, 20 Jul 2020 17:30:05 GMT

S&P, tech stocks surge on vaccine news

On Monday, the S&P 500 and technology stocks climbed on encouraging news about the early COVID-19 vaccine test data, countering the fears caused by the rise in infections.

Mon, 20 Jul 2020 16:01:31 GMT

Vodacom, Alipay to create app for South Africa

Vodacom Group announced plans to create an app in partnership with Alipay to allow customers in South Africa to pay bills, shop online and send money.

Mon, 20 Jul 2020 14:54:13 GMT

Gatemore gets 3.37% Superdry stake

Gatemore Capital took a stake of 3.37% in Superdry, the UK retailer, and anticipated it to profit from modifying consumer trends.

Mon, 20 Jul 2020 14:14:26 GMT

Dollar Tree appoints new CEO

On Monday, Dollar Tree Inc has promoted Michael Witynski, the firm's enterprise president, as its new Chief Executive, replacing Gary Philbin.

Mon, 20 Jul 2020 13:25:31 GMT

Walmart resumes talks over potential Asda sale

The world's largest retail Walmart hs resumed talks over the potential stake sale in its UK supermarket unit Asda, a spokesman for Walmart said on Monday.

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