News

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Thu, 15 Apr 2021 12:00:07 GMT

Shell comments on reserves

On Thursday, Royal Dutch Shell announced that it would utilize its oil and gas reserves by 2050.

Thu, 15 Apr 2021 11:00:06 GMT

TSMC tries to alleviate chip shortage

On Thursday, Taiwan Semiconductor Manufacturing Co stated it is trying to do everything possible to boost productivity and ease the global chip shortage, despite it sees that tight supplies likely to continue throughout the next year.

Thu, 15 Apr 2021 10:00:09 GMT

Wizz Air sees gradual travel recovery

Wizz Air, the Hungarian low-cost carrier, is anticipating gradual travel recovery into late summer, as the global travel industry enters the second year of the COVID-19 pandemic restrictions.

Thu, 15 Apr 2021 09:00:06 GMT

Deliveroo's orders surge in Q1

Deliveroo, the food delivery company, reported on Thursday its Q1 orders more than doubled, marking the first trading update after its highly-expected London listing flopped last month.

Thu, 15 Apr 2021 07:46:06 GMT

Oil prices rise to highest level

On Thursday, oil prices hit the one-month-high level after surging 5% in the prior session, boosted by increased demand outlooks from OPEC and IEA, as major economies are recovering from the coronavirus pandemic.

Thu, 15 Apr 2021 07:00:08 GMT

Geely's Polestar attracts $550M

On Thursday, Geely's electric unit Polestar stated it has raised $550M in the external funding that comes amid a year of sustained share price growth and sales for electric car makers such as Nio and Tesla.

Thu, 15 Apr 2021 05:57:38 GMT

ABC News appoints new president

Walt Disney's ABC News has named Kimberly Godwin, the CBS News executive, as the news division's president starting early May and replacing James Goldston.

Thu, 15 Apr 2021 05:00:07 GMT

Google fined for abusing dominance in Turkey

Turkey's Competition Board fined Alphabet's Google more than $36.65M for abusing the company's dominant position within search engine services, the regulator stated.

Thu, 15 Apr 2021 04:00:07 GMT

Acciona prepares for energy unit's IPO

Spain's conglomerate Acciona stepped up preparations for an IPO of the renewable energy unit and hired banks to lead the deal anticipated to value the business at more than €8B.

Thu, 15 Apr 2021 03:00:09 GMT

Ford outlines new production cuts

Ford Motor Co announced another series of facilities shutdowns amid the global semiconductor chip shortage, with one plant in Turkey and five in the US affected.

Wed, 14 Apr 2021 21:32:30 GMT

Dell to spin off its stake in VMware

Dell Technologies announced plans to spin off a stake of 81% in VMware to create two standalone public firms in a deal worth almost $9.7B.

Wed, 14 Apr 2021 20:00:06 GMT

GM to announce new US plant with LG Chem

General Motors and LG Chem are expected to announce a second US battery cell manufacturing factory on Friday, unveiling plans for a $2.3B factory in Tennessee, sources said.

Wed, 14 Apr 2021 18:03:01 GMT

Oil surges more than 4% on Wednesday

Oil prices climbed over 4% on Wednesday, as the report from the International Energy Agency, followed by US inventory data raised optimism on returning demand for crude.

Wed, 14 Apr 2021 17:46:12 GMT

Alkami valued at $3B in market debut

Alkami Technology's shares increased 38% in the US stock market debut on Wednesday, granting the US banking software supplier a market capitalization of $3.43B.

Wed, 14 Apr 2021 16:00:08 GMT

World Bank loans Bangladesh over $1B

The World Bank signed several financing agreements with Bangladesh totaling $1.04B to support the country's efforts in dealing with the COVID-19 pandemic.

Wed, 14 Apr 2021 15:43:42 GMT

Namibia economy contracts

The economy of Namibia contracted 8% in 2020, following a contraction of 0.6% in 2019, the Bank of Namibia governor Johannes Gawaxab says.

Wed, 14 Apr 2021 15:32:37 GMT

Goldman Sachs profit surges

Revenue of Goldman Sachs surged in the first quarter of 2021, beating analysts' expectations, data published by the US investment banking giant show.

Wed, 14 Apr 2021 14:25:08 GMT

SpaceX attracts $1.16B in equity financing

Elon Musk's SpaceX raised nearly $1.16B in equity financing, according to the amended regulatory filing published by the rocket launch service on Wednesday.

Wed, 14 Apr 2021 13:30:58 GMT

Goldman profit beats estimates

On Wednesday, Goldman Sachs Group topped Wall Street's forecasts for its Q1 profit, as the American investment lender capitalised on the global dealmaking activity's record levels and the pandemic-driven surge in stock market trading.

Wed, 14 Apr 2021 12:26:51 GMT

Ford to put self-driving tech in some vehicles

On Wednesday, Ford Motor stated it would offer its self-driving technology in some car and truck models as well as Mustang models already this year.

Wed, 14 Apr 2021 11:10:06 GMT

Ryanair to take 737 MAX delivery soon

Ryanair is planning to take the Boeing 737 MAX jet delivery after two years of suspension due to the aircraft grounding caused by two fatal crashes.

Wed, 14 Apr 2021 09:16:22 GMT

Norwegian Air to raise extra cash

Norwegian Air is planning to raise up to $711M in fresh capital to boost its resources before the company exits from the bankruptcy protection in May as the coronavirus pandemic keep halting travel.

Wed, 14 Apr 2021 08:36:07 GMT

LVMH shares reach their record-high level

On Wednesday, LVMH's shares surged to their record-high level after reporting strong sales figures, which showed the world's largest luxury goods company had recovered far more rapidly than estimated in early 2021.

Wed, 14 Apr 2021 05:00:11 GMT

Grab Holdings to go public

On Tuesday, Singapore-based ride-hailing service Grab Holdings announced plans to go public in the United States through a merger deal with Altimeter Growth Corp.

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