News

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Sun, 21 Feb 2021 12:32:56 GMT

China reports FX surplus in January

According to the SAFE report, China's banks had $40.8B net FX settlement surplus in January.

Sun, 21 Feb 2021 11:33:32 GMT

Yuan popularity grows

According to the SWIFT report, Chinese yuan became the fifth popular currency in the world with a 2.42% share.

Sun, 21 Feb 2021 10:36:28 GMT

Mark Carney joins Stripe

The former head of the Bank of England, Mark Carney, stated on Sunday that the had joined the board of Stripe Inc.

Sun, 21 Feb 2021 08:42:13 GMT

UK to offer vaccine to all adults by July-end

Britain is set to offer the COVID-19 vaccine to all adults by July's end, according to the Prime Minister Boris Johnson's statement made on Saturday.

Sun, 21 Feb 2021 07:51:12 GMT

Citigroup seeks divesting foreign consumer units

Citigroup is exploring divestiture of some of its international consumer divisions, Bloomberg Law report showed.

Sun, 21 Feb 2021 06:43:39 GMT

Google fires another staff scientist

Google has fired Margaret Mitchell, the company's staff scientist, amid growing dispute over research and diversity caused by Timnit Gebru's, the AI ethics researcher, dismissal in December.

Sun, 21 Feb 2021 05:47:31 GMT

EU to rank jets by eco friendliness

The EU bloc will develop a new ranking system aimed at aircraft and flights to evaluate their eco friendliness, according to Welt am Sonntag's report.

Sun, 21 Feb 2021 04:47:44 GMT

Foxconn says chip shortage to have limited impact

On Saturday, Foxconn's chairman said that Apple's supplier and its clients would face "limited impact" from the chip shortage, which had affected the semiconductor and automotive industries globally.

Sun, 21 Feb 2021 04:31:23 GMT

Biden to meet Canada's Trudeau next week

The US President Joe Biden and Canada's Prime Minister Justin Trudeau are set to hold their virtual meeting on Tuesday to highlight strong ties between the two neighbouring countries.

Sun, 21 Feb 2021 00:39:47 GMT

Bitcoin hits new record high

On Saturday, Bitcoin hit a new record-high level of $57,553, taking the world's most popular cryptocurrency's weekly gain to about 20%.

Sat, 20 Feb 2021 21:26:09 GMT

Texas storm to affect insurers dramatically

A.M. Best, the US credit rating agency, stated on Friday that Texas winter storm is likely to create record quarter losses for insuring companies.

Sat, 20 Feb 2021 20:04:39 GMT

Biden, Trudeau to meet next week

The US President Joe Biden and Canadian Prime Minister Justin Trudeau would hold a first official virtual meeting next Tuesday.

Sat, 20 Feb 2021 19:15:45 GMT

VW Mexico suspends Jetta output

Volkswagen Mexico is planning to suspend the Jetta model production until Tuesday amid the ongoing natural gas shortage.

Sat, 20 Feb 2021 17:50:28 GMT

Valentino faces $207M sue for shutting store

Valentino faced $207.1M sue by its ex-American flagship's landlord located on Manhattan for illegally breaking its lease, leaving the boutique in disrepair.

Sat, 20 Feb 2021 16:46:35 GMT

Silicon Labs considers analog chip arm's sale

Silicon Laboratories is exploring a possible breakup and considering to sell its analog chip division, according to a Bloomberg News report.

Sat, 20 Feb 2021 16:35:22 GMT

Foxconn sees little impact from chip shortage

On Saturday, Foxconn's chairman stated that he forecast no major impact on the company and clients from the chip shortage, which hit the global semiconductor and automotive industries.

Sat, 20 Feb 2021 15:33:51 GMT

US FAA tracks Boeing 737 MAX jets

The US Federal Aviation Administration is tracking all Boeing's 737 MAX aircraft via satellite data under the agreement with Aireon LLC, the air traffic surveillance company.

Sat, 20 Feb 2021 13:19:02 GMT

Bolsonaro to replace Petrobras CEO

The Brazilian President Jair Bolsonaro decided on Friday to replace the head of Petrobras to a former Defense Minister, Joaquim Silva e Luna.

Sat, 20 Feb 2021 12:31:37 GMT

FTSE Russell to add 11 stocks

FTSE Russell stated on Friday that it would add 11 stocks from Chinese STAR Market to its benchmarks.

Sat, 20 Feb 2021 11:34:47 GMT

Foxconn expects little effect from chip shortage

Foxconn's Chairman Liu Young-way stated on Saturday that chips shortage would have limited impact on its partners and customers.

Sat, 20 Feb 2021 10:33:40 GMT

Airbus calls for trade war ceasefire

Guillaume Faury, the Airbus Chief Executive Officer, called on Saturday to stop a war with the United States over aircraft subsidies.

Sat, 20 Feb 2021 08:49:33 GMT

Citigroup to divest some foreign consumer arms

Citigroup is considering over divestiture of some foreign consumer units, according to a report published by Bloomberg Law on Friday.

Sat, 20 Feb 2021 08:19:03 GMT

VW Mexico to halt Jetta output

Volkswagen in Mexico will suspend its Jetta model production through Tuesday included amid natural gas ongoing shortage, the company's unit said earlier this week.

Sat, 20 Feb 2021 06:46:36 GMT

WH to work with TWTR, FB to tackle fake news

A senior White House official said on Friday that the Biden administration has been working with Twitter, Alphabet Inc's Google and Facebook to tackle COVID-19 misinformation.

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