News

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Sun, 14 Feb 2021 09:58:10 GMT

President Biden says US democracy is fragile

On Saturday, the US President Joe Biden urged Americans to defend democracy following the US Senate's acquittal of Donald Trump in the second impeachment trial.

Sun, 14 Feb 2021 08:52:34 GMT

Trump acquitted in second impeachment trial

On Saturday, the US Senate voted to acquit the former US President Donald Trump in his second impeachment trial.

Sun, 14 Feb 2021 07:58:37 GMT

IMF wants Ukraine to make more reforms

On Saturday, the International Monetary Fund representative in Kyiv said that Ukraine must make further progress on reforms to get the next instalment of a $5B loan.

Sun, 14 Feb 2021 07:00:41 GMT

Brecht wants clean tech investment in Germany

On Saturday, Daimler Trucks Labor and Management Council Leader Michael Brecht said Saturday that Daimler AG should invest the $1.8 billion funds for clean technologies in Germany.

Sun, 14 Feb 2021 05:56:56 GMT

Tesla to build EV manufacturing unit in Karnataka

As reported by the CNBC TV 18 on Saturday, Tesla Inc would build an electric vehicle production unit in the state of Karnataka, India.

Sun, 14 Feb 2021 05:05:55 GMT

UK's PM optimistic about easing COVID lockdown

On Saturday, the UK Prime Minister Boris Johnson said that he is optimistic about announcing the easing of some COVID-19 lockdown measures soon.

Sun, 14 Feb 2021 04:21:46 GMT

EU urges China to lift ban on BBC World News

As reported by the Associated Press on Saturday, the European Union called on China to lift the BBC World News tv channel ban.

Sun, 14 Feb 2021 02:17:54 GMT

Draghi sworn in as Italy's PM

On Saturday, the former President of the European Central Bank Mario Draghi has been sworn in as Italy's new Prime Minister after forming a national unity government.

Sat, 13 Feb 2021 21:08:53 GMT

Robinhood admits communication problems

Vlad Tenev, the Robinhood's CEO, admitted on Saturday that the company could have better explained to its customers why it had restricted access to a number of popular stocks.

Sat, 13 Feb 2021 20:33:56 GMT

Daimler recalls 1.29M cars in US

On Saturday, Daimler decided to recall 1.29M cars from the US market because of the software error.

Sat, 13 Feb 2021 19:31:43 GMT

Tesla to produce cars in southern India

Tesla Inc stated on Saturday that it would start manufacturing its electric cars in the state of Karnataka, India.

Sat, 13 Feb 2021 17:41:19 GMT

MoneyLion prepares to go public

MoneyLion, the mobile banking platform, is planning to go public via a merger with Fusion Acquisition Corp, the blank-check firm, in a deal valuing the combined company's equity at $2.9B.

Sat, 13 Feb 2021 16:47:09 GMT

UK to decide on Uber worker rights case

The British Supreme Court is set to rule on workers' rights at the taxi app Uber on February 19, a decision that could have an effect on millions of people involved in gig economy.

Sat, 13 Feb 2021 16:34:36 GMT

GM pays $5.75M in California settlement

General Motors paid $5.75M to settle the allegations it had made false statements over its ignition switch recalls to the Californian biggest pension system, other investors.

Sat, 13 Feb 2021 15:35:01 GMT

Vivendi plans UMG capital distribution

On Saturday, Vivendi stated it was planning a distribution of Universal Music's 60% capital to investors, as well as listing of the company's most-prized asset by the 2021-end.

Sat, 13 Feb 2021 14:31:36 GMT

ByteDance considers India TikTok assets sale

China's ByteDance is considering to sell its TikTok operations in India to the rival firm Glance, according to a Bloomberg News report seen on Saturday.

Sat, 13 Feb 2021 13:40:56 GMT

Clubhouse to review data protection practices

The US audio application Clubhouse stated on Friday that it would conduct a full review of data protection practices amid the Stanford Internet Observatory's report that had indicated to a number of flaws.

Sat, 13 Feb 2021 12:26:43 GMT

Citigroup decreases CEO's compensation

Citigroup Inc stated on Friday that its CEO Mike Corbat's compensation for previous year would be 21% lower than a year before and amount to $19M.

Sat, 13 Feb 2021 10:33:52 GMT

VW calls for a four-year reprieve

Volkswagen AG called the US government on Friday to grant it a four-year reprieve to acquire batteries for its electric cars production.

Sat, 13 Feb 2021 08:59:41 GMT

Citigroup cuts Corbat's compensation by 21%

On Friday, Citigroup Inc announced that outgoing CEO Mike Corbat's payment for last year would be $19M, a 21% decline from 2019.

Sat, 13 Feb 2021 08:04:37 GMT

CEOs of Robinhood, Citadel to testify in Congress

On Friday, the House Committee on Financial Services said that the CEOs of Robinhood, Melvin Capital and Citadel would testify before the US Congress on February 18 on GameStop turmoil.

Sat, 13 Feb 2021 07:04:05 GMT

US economy expects to reach pre-COVID-19 levels

According to a Reuters poll, the US economy is likely to reach pre-coronavirus pandemic levels in a year, driven by President Joe Biden's proposed $1.9 trillion stimulus package.

Sat, 13 Feb 2021 05:43:46 GMT

Facebook builds new smartwatch

Facebook is making a smartwatch with extra fitness and health features, with plans to launch the device sales in 2022, according to The Information report.

Sat, 13 Feb 2021 04:43:47 GMT

US FTC launches probe into Nvidia's Arm deal

The US Federal Trade Commission launched an in-depth investigation into Nvidia's acquisition of Arm, Bloomberg's report shows.

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