News

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Wed, 16 Dec 2020 07:32:33 GMT

Honda recalls 1.79M car units worldwide

Honda Motor has started to recall 1.79M vehicles across the world amid safety issues, including 1.4M units in the United States.

Wed, 16 Dec 2020 06:03:14 GMT

EU plans to shift funding away from natural gas

On Tuesday, the European Commission proposed a rewrite of the EU's TEN-E rules, which guided $5.71 billion in EU cash to energy projects over the last decade.

Wed, 16 Dec 2020 05:02:39 GMT

US tech giants face up to 10% fines in EU

On Tuesday, the European Union announced that big tech companies could face hefty fines between 6-10% of their yearly turnover under new draft rules.

Wed, 16 Dec 2020 04:02:27 GMT

Barclay comments on EU-UK trade deal

Britain's Chief Secretary to the Treasury Steve Barclay stated on Tuesday that the European Union would need to move for a mutually beneficial post-Brexit trade deal with the United Kingdom.

Wed, 16 Dec 2020 02:32:58 GMT

EU to investigate Aon's $30B bid for Willis

According to sources with knowledge of the matter, Aon's $30 billion deal for Willis Towers Watson faces a full-scale probe by the EU antitrust regulators.

Tue, 15 Dec 2020 20:54:29 GMT

GBL buys Canyon Bicycles

Belgian investor GBL agreed to buy Germany's Canyon Bicycles, expecting that the company's solid expansion will continue once the coronavirus pandemic subsides.

Tue, 15 Dec 2020 19:44:19 GMT

Aon's $30B Willis deal faces EU investigation

The EU antitrust regulators are set to open an investigation into Aon's $30B bid for Willis Towers Watson to create the world's biggest insurance broker, two sources said.

Tue, 15 Dec 2020 19:31:14 GMT

US probe hits Swedbank, others' shares

The Department of Justice and FBI investigated Swedbank, Danske Bank and SEB on possible breaches of the US AML regulations and fraud, sending their shares lower.

Tue, 15 Dec 2020 18:03:30 GMT

Apple to lift iPhone output by 30% in 2021 H1

Apple is planning to make up to 96M of iPhone devices in the 2021's first half, raising the output by nearly 30% year-over-year amid robust demand for the company's 5G handsets, according to a Nikkei report seen on Tuesday.

Tue, 15 Dec 2020 17:10:38 GMT

Netflix streaming services down for some users

On Tuesday, Netflix's streaming services were disrupted for nearly 1.3K users, with the live outage hitting mainly the United States, according to the Downdetector.com website.

Tue, 15 Dec 2020 15:45:58 GMT

H&M Q4 sales hurt by another COVID-19 wave

The world's second-largest fashion retailer H&M stated on Tuesday the Q4 local-currency sales dropped as much as 10%, after being hurt by the second coronavirus wave as restrictions curbed spending.

Tue, 15 Dec 2020 15:35:40 GMT

Carmakers seek support for EV charging

On Tuesday, an automotive trade association urged the US policymakers for support for electric cars, including some new incentives for consumer purchases and research and development.

Tue, 15 Dec 2020 13:41:32 GMT

China's Baidu seeks to make own EVs

China's search giant Baidu Inc is exploring opportunities to build its own electric cars, in the latest race move among technology companies to make smart cars.

Tue, 15 Dec 2020 13:04:42 GMT

JD Sports takes over Shoe Palace

JD Sports, Britain's largest sportswear retailer, has acquired the retailer Shoe Palace in a deal worth $325M, aiming to expand its presence in the US West Coast and sending the firm's shares up 5% on the news.

Tue, 15 Dec 2020 12:18:52 GMT

Vitol to acquire four CCGTs

The energy trader Vitol is set to acquire four CCGTs, combined cycle gas turbines, in the UK, as part of its deal with Drax Smart Generation, the company stated.

Tue, 15 Dec 2020 11:23:38 GMT

European stocks trade flat

During Tuesday's European trading hours, European stock indices trade flat, as rising virus cases were balanced by increased anti-covid measures.

Tue, 15 Dec 2020 10:00:41 GMT

Reig Jofre to develop J&J's COVID-19 vaccine in Spain

On Tuesday, Reig Jofre, the Spanish pharmaceutical company, stated it had signed a deal with Johnson & Johnson to develop its experimental COVID-19 vaccine at Reig's plant in Barcelona.

Tue, 15 Dec 2020 09:36:46 GMT

Apple to raise Phone output by 30% in H1 2021

Apple announced it was planning to produce up to 96M iPhone units in the next year's first half, marking a nearly 30% year-over-year increase, according to Nikkei report seen on Tuesday.

Tue, 15 Dec 2020 05:40:28 GMT

VW board comments on CEO

On Monday, the board of Volkswagen stated that the CEO of the company Herber Diess had received its full support.

Tue, 15 Dec 2020 05:30:50 GMT

Adidas explores options

Adidas AG announced on Monday that it would consider strategic options, among which was the sale of Reebok.

Tue, 15 Dec 2020 04:31:01 GMT

Stocks trade flat

On Monday, global stock indices remained steady, as a spike in infections was offset by the start of US vaccination.

Mon, 14 Dec 2020 21:41:16 GMT

Oil prices remain steady

During Monday's US trading hours, crude oil prices remained steady, as new supply balanced hopes of a coronavirus recovery.

Mon, 14 Dec 2020 20:56:37 GMT

RWE sells offshore wind farms for $600M

Europe's third-biggest renewables company RWE agreed to sell its stake in onshore wind farms in Texas valued at $600M to Algonquin Power & Utilities.

Mon, 14 Dec 2020 19:45:43 GMT

CD Projekt to update strategy in Q1

Poland's video games maker CD Projekt is set to update the strategy in the Q1 of 2021, despite the issues it faces with Cyberpunk 2077.

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