News

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Sat, 09 Jan 2021 04:43:03 GMT

InterActiveCorp backs MGM offer for Ladbrokes

On Friday, the US-based casino company MGM Resorts announced that InterActiveCorp supported its $11B takeover offer for Ladbrokes betting firm.

Sat, 09 Jan 2021 03:41:08 GMT

Canada's WestJet reduces capacity

On Friday, the Canadian WestJet Airlines announced further cuts to its schedule and said that about 1,000 employees would be impacted through a combination of furloughs and temporary layoffs.

Fri, 08 Jan 2021 22:24:27 GMT

BoE's Hauser comments on rate hikes

Andrew Hauser, the Bank of England Executive Director for Markets, said that inflation evidence needed before the bank decides to hike interest rates.

Fri, 08 Jan 2021 20:41:30 GMT

Tesla rolls out Model Y SUV's cheaper variant

Tesla rolled out its cheaper version of the Model Y sports utility vehicle worth $41,990, bringing the car's price closer to the valuation of the company's least expensive Model 3 sedan.

Fri, 08 Jan 2021 19:46:18 GMT

US economy trims jobs last month

The economy of the United States cut jobs in December due to the coronavirus pandemic's hit, suggesting a major momentum loss that could temporarily affect the country's recovery from the crisis.

Fri, 08 Jan 2021 18:41:26 GMT

UK regulator launches probe into Google

The British competition watchdog launched an official inquiry into Google's proposals to eliminate third-party cookies as well as other functions from Chrome browser due to concerns such a move could affect rival digital advertising.

Fri, 08 Jan 2021 17:41:59 GMT

China shopping platforms to face tougher curbs

On Friday, China's top internet regulator is considering to implement tougher curbs on shopping, payment and livestreaming platforms, saying the current rules are two-decade-old.

Fri, 08 Jan 2021 16:45:54 GMT

Tesla market value hits $800B

On Friday, Tesla's shares soared 4.9%, taking the capitalisation of the electric carmaker to over $800B for the first time in its history.

Fri, 08 Jan 2021 15:41:20 GMT

Baidu seeks forming smart EV firm

China's Baidu is planning to establish a company to build smart electric cars at the manufacturing plants owned by Geely carmaker.

Fri, 08 Jan 2021 14:42:51 GMT

PayPal invests in Taxbit start-up

PayPal Holdings' venture division has invested in the tech start-up Taxbit that helps businesses and consumers calculate the cryptocurrencies holdings' taxes.

Fri, 08 Jan 2021 13:57:12 GMT

France's Atos approaches DXC with $10B deal

On Thursday, Atos stated it had made an approach bid for its US competitor DXC Technology in a potentially largest-ever acquisition of the French IT consulting group.

Fri, 08 Jan 2021 12:58:26 GMT

Bitcoin jumps 5% to fresh record high

On Friday, Bitcoin surged over 5% to its new record-high level of $41,530, correcting losses from the earlier session.

Fri, 08 Jan 2021 12:10:08 GMT

Hyundai discusses EV tie-up with Apple

On Friday, Hyundai Motor confirmed it had entered early negotiations with Apple, following rumours the companies were in talks over a battery and electric vehicle tie-up, sending Hyundai's stock up 25%.

Fri, 08 Jan 2021 10:42:17 GMT

China prioritizes monetary policy

On Friday, the People's Bank of China announced that in 2021 it would prioritize monetary stability and keep ample liquidity in the market.

Fri, 08 Jan 2021 10:09:27 GMT

Venture capital reaches record high in 2020

US venture capital raised almost $130B in 2020, reaching a record-high level, despite the coronavirus pandemic, according to the CB Insight data released on Friday.

Fri, 08 Jan 2021 08:57:57 GMT

Tesla shares beat Facebook's in heavy trading

Tesla's stock surged to its record high, outpacing Facebook's market value, in huge trading on Thursday, Reuters reported.

Fri, 08 Jan 2021 07:52:31 GMT

Boeing to pay $2.5B in 737 MAX crashes settlement

Boeing is set to pay over $2.5B in compensation and fines as part of its settlement with the US Justice Department regarding two aircraft crashes that took lives of 346 people and caused the 737 MAX jetliner groundings across the world.

Fri, 08 Jan 2021 06:47:04 GMT

New EU lockdowns weigh on fuel demand recovery

New lockdowns across Europe to‮‮ ‬‬fight another surge in coronavirus cases‮‮ ‬‬affected fuel sales, weakening the recovery outlook for energy demand in the 2021's first half.

Fri, 08 Jan 2021 05:52:54 GMT

FTSE Russell, MSCI cut China's telecom firms

Global index providers FTSE Russell and MSCI Inc stated they would exclude three Chinese telecom firms from their benchmarks in response to the US investment ban.

Fri, 08 Jan 2021 04:59:15 GMT

Hyundai in early talks with Apple

Hyundai Motor stated that it was in unspecified talks with Apple after a broadcaster said the companies discussed an EV and battery tie-up, sending Hyundai shares up.

Fri, 08 Jan 2021 04:32:01 GMT

China's Baidu to establish smart EV company

China's leading search engine Baidu is set to form a company to make smart EV with production at Geely-owned plants, sources said.

Thu, 07 Jan 2021 21:48:06 GMT

PayPal backs tech startup Taxbit

PayPal's venture arm invested in startup Taxbit that helps businesses and consumers to calculate the taxes owed on cryptocurrency holdings.

Thu, 07 Jan 2021 20:43:54 GMT

Atos confirms $10B bid approach for DXC

France's Atos confirmed that it made a $10B bid approach for the US rival DXC in what is expected to be the IT consulting group's largest acquisition.

Thu, 07 Jan 2021 20:03:08 GMT

Quantum Metric adds $200M to its value

Quantum Metric, the provider of customer analytics tools for online businesses, announced that it raised $200M in the latest funding round, which valued the company at over $1B.

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