News

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Mon, 14 Dec 2020 09:42:47 GMT

India's Ola plans investment in e-scooter plant

The SoftBank-backed Indian ride-hailing company Ola announced its plans on Monday to invest $326M in a factory based in the country to make electric scooters.

Mon, 14 Dec 2020 09:22:41 GMT

EA Games to take over UK's Codemasters

On Monday, Electronic Arts, the computer games giant, announced it would acquire Codemasters for $1.2B, trumping the earlier agreement between UK's company and competitor Take-Two Interactive Software.

Mon, 14 Dec 2020 07:54:53 GMT

Roblox to postpone listing until 2021

Roblox Corp, the US gaming platform, delayed its plans for an initial public offering until 2021 as the company seeks to boost the process to benefit investors and employees, according to Reuters.

Mon, 14 Dec 2020 07:36:13 GMT

Reddit to acquire TikTok rival Dubsmash

Reddit, the social network company, announced on Sunday it was set to acquire the short-video platform Dubsmash, in its push for expansion in a space led by the Chinese-owned TikTok.

Mon, 14 Dec 2020 06:02:50 GMT

British Pound gains on Monday

On Monday, the Pound Sterling edged higher against the US Dollar and Euro, after the UK and EU agreed to continue Brexit trade talks beyond Sunday's deadline.

Mon, 14 Dec 2020 05:00:52 GMT

China's new home prices grow by 0.1%

According to data from the Chinese National Bureau of Statistics, China's new home prices rose by 0.1% in November, the slowest pace since March 2020.

Mon, 14 Dec 2020 04:02:55 GMT

Barnier to brief EU's ambassadors on Monday

The EU chief negotiator Michel Barnier will brief the European Union Ambassadors Monday about the nature of Brexit negotiations, Sebastian Fischer, an EU spokesman for Germany said on Twitter.

Mon, 14 Dec 2020 02:33:09 GMT

MSP Sports Capital takes stake in McLaren F1

On Sunday, the US-based MSP Sports Capital announced that it has acquired a 15% stake in McLaren F1.

Sun, 13 Dec 2020 21:20:18 GMT

McLaren is confident in Automotive

The McLaren Group Chairman Paul Walsh stated on Sunday that the company showed 60% revenue growth in the last quarter, which was a sign of good perspectives for coming year.

Sun, 13 Dec 2020 20:34:50 GMT

Rolls-Royce looks for new chairman

According to the Sky News report, the UK Rolls-Royce Holdings Plc started a search of a new chairman that should succeed Ian Davis in two years.

Sun, 13 Dec 2020 18:01:55 GMT

Johnson comments Brexit

On Sunday, the UK Prime Minister Boris Johnson announced that the European Union and the United Kingdom are far apart on a post-Brexit trade deal.

Sun, 13 Dec 2020 18:01:38 GMT

Brazil unveils coronavirus vaccination plan

On Saturday, the Brazilian Health Ministry said that 70% of the population need to be vaccinated to stop the spread of coronavirus.

Sun, 13 Dec 2020 17:05:00 GMT

UK, EU extend Brexit trade talks

The EU Commission President Ursula von der Leyen said on Sunday that the European Union and the United Kingdom have agreed to continue Brexit trade talks beyond Sunday deadline.

Sun, 13 Dec 2020 16:06:04 GMT

India industrial production rises

Industrial production in India expanded 3.6% in October, compared to the same period the previous year, the Ministry of Statistics and Programme Implementation reports.

Sun, 13 Dec 2020 15:09:39 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Sanyou Corporation, Nantong Jiangtian Corporation and Jiangsu Bojun Industrial Technology Corporation.

Sun, 13 Dec 2020 13:47:05 GMT

China postal industry expands

The Chinese postal industry expanded 14.4% in the first 11 months of 2020, compared to the same period the prior year, the State Post Bureau reports.

Sun, 13 Dec 2020 12:54:40 GMT

Morocco economy to shrink 2% in 2020

The economy of Morocco is expected to shrink 2% in 2020, a statement published by the European Bank for Reconstruction and Development shows.

Sun, 13 Dec 2020 12:05:28 GMT

Polish economy to contract 4.25% in 2020

The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.

Sun, 13 Dec 2020 11:32:26 GMT

MSP Sports Capital buys into McLaren F1

MSP Sports Capital, investment group based in the US, decided to become a minority shareholder in McLaren Racing.

Sun, 13 Dec 2020 10:34:36 GMT

UN urges to declare climate emergency

Antonio Guterres, the UN Secretary-General, urged every country in the world to declare climate emergency and take measures that would reduce atmospheric emission.

Sun, 13 Dec 2020 09:33:51 GMT

Raab says there is long way to go

The British Foreign Minister Dominic Raab stated on Sunday there were still so many things that needs to be agreed within the Brexit talks.

Sun, 13 Dec 2020 07:01:00 GMT

AstraZeneca acquires Alexion for $39B

On Saturday, the British pharmaceutical company AstraZeneca has agreed to acquire Alexion Pharmaceuticals for $39B.

Sun, 13 Dec 2020 06:01:41 GMT

Rolls-Royce begins search for new chairman

According to Sky News report published on Saturday, Rolls-Royce Holdings has begun the search for the next chairman.

Sun, 13 Dec 2020 05:02:04 GMT

Fiat's CEO likely to take top job at Ferrari

On Saturday, Italy's daily Il Messaggero reported that Mike Manley, the Chief Executive of Fiat Chrysler, is likely to take the top job at Ferrari.

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