News

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Fri, 25 Sep 2020 12:50:03 GMT

MasMovil denies holding talks with Vodafone

Spain's MasMovil denied it was holding talks with Vodafone, following a newspaper's report about the UK-based company had launched negotiations about a potential acquisition of the mobile operator.

Fri, 25 Sep 2020 12:37:12 GMT

India to offer $4.6B in incentives to battery makers

India seeks to offer $4.6B in incentives to yo battery makers on the back of its intention to promote the electric vehicle use and reduce dependence on oil, Reuters reported.

Fri, 25 Sep 2020 11:35:58 GMT

US, UK to partner over AI

The United Kingdom and the United States have inked a new agreement aimed at cooperation in artificial intelligence's research and development, Axios said on Friday.

Fri, 25 Sep 2020 09:50:07 GMT

Evergrande stock price plummets

On Friday, a sell off of Chinese Evergrande Group stock occurred on the Hong Kong Stock Exchange due to a leaked report that the company looked for government help.

Fri, 25 Sep 2020 08:38:57 GMT

Ant rolls out blockchain-powered trade platform

China's Alipay-owner Ant Group has presented its new blockchain-based cross-border trade platform on Friday, ahead of the company's planned IPO, potentially the largest in the world.

Fri, 25 Sep 2020 06:41:36 GMT

Costco tops estimates for Q4 results

Costco Wholesale reported better-than-expected Q4 revenue and profit results, as pandemic prompted customers to buy more appliances, sporting or gardening goods.

Fri, 25 Sep 2020 06:01:16 GMT

Samsung picks Verizon for 5G products

Samsung Electronics has selected Verizon Communications as its first US customer for its 5G gear to raise indoor coverage, Reuters reported.

Fri, 25 Sep 2020 04:59:42 GMT

Target set for more hiring during holidays

Target Corp is planning to double the number of its employees for contactless services, as well as hire more seasonal staff for its distribution centres during the upcoming holiday season amid higher demand for online shopping.

Fri, 25 Sep 2020 04:16:25 GMT

ConocoPhillips expects global oil demand to rise

ConocoPhillips, the US oil producer, sees global demand for oil returning to 100M barrels per day, adding it also expects oil to continue growing from there, Reuters reported citing the firm's senior executive.

Fri, 25 Sep 2020 03:22:15 GMT

AMC Entertainment plans 15M shares sale

On Thursday, AMC Entertainment Holdings announced it would sell up to 15M of its shares, seeking to attract fresh funding after the company was hit by the coronavirus pandemic, sending its shares down over 4%.

Thu, 24 Sep 2020 20:49:32 GMT

Volvo Cars sees flat demand in H2 2020

Sweden's Volvo Cars is expecting its year-over-year sales to be flat in the current year's second half, in line with expectations despite the growing number of the COVID-19 cases across Europe.

Thu, 24 Sep 2020 19:48:15 GMT

ShareChat raises $40M from investors

India's content-sharing platform ShareChat raised $40M from investors, such as Lightspeed Ventures and Twitter, seeking to increase usage of its short-video app.

Thu, 24 Sep 2020 18:46:07 GMT

Spotify, Chernin to adapt podcasts for TV

Spotify Technology signed the deal with Chernin Entertainment to adapt the streaming firm's podcast shows for television and films and sell them to other outlets.

Thu, 24 Sep 2020 17:53:54 GMT

Harley-Davidson quits Indian market

Harley-Davidson stated that it would discontinue manufacturing operations and sales in India, abandoning the world's largest motorcycle market.

Thu, 24 Sep 2020 16:56:37 GMT

Samsung deals with Verizon on indoor 5G gear

Samsung Electronics signed up Verizon as the first customer in the US for the company's 5G products to enlarge indoor coverage.

Thu, 24 Sep 2020 15:55:10 GMT

Nasdaq Composite opens higher

The Nasdaq Composite was up by 0.59% to 10,647.94 in early trading on Thursday, as investors and traders returned to tech-related shares.

Thu, 24 Sep 2020 15:00:16 GMT

Crude oil prices remain stable

Crude oil prices remained stable on Thursday, Brent crude futures were up by 0.2%, to $41.87 a barrel at 11:00 GMT, while the US WTI crude rose by 0.2%, to $40.01 per barrel.

Thu, 24 Sep 2020 14:20:28 GMT

WeWork to sell control of its China unit

On Thursday, the office-sharing group WeWork stated it would sell control of the Chinese arm to Trustbridge Partners, the private equity firm and investor, as WeWork aimed to step back from the competitive market.

Thu, 24 Sep 2020 13:48:42 GMT

BlackBerry Q2 revenue tops forecasts

On Thursday, BlackBerry reported its second-quarter revenue beat Wall Street expectations, surging nearly 6% on higher demand for Spark, its security software suite.

Thu, 24 Sep 2020 11:50:25 GMT

Wells Fargo ties up with Envestnet Yodlee

On Thursday, Wells Fargo has inked a data exchange contract with Envestnet Yodlee, the data aggregator, in a deal that will allow the bank's customers sharing their account information with other fintech apps linked to Envestnet Yodlee.

Thu, 24 Sep 2020 10:57:54 GMT

ChargePoint plans to go public

On Thursday, the electric car charging network ChargePoint announced its plans to go public through a merger with Switchback Energy Acquisition, taking the company's valuation to $2.4B.

Thu, 24 Sep 2020 10:02:29 GMT

ByteDance applies for China tech export licence

ByteDance is seeking the Chinese tech export licence, aiming to cancel the Oracle-Walmart deal with intention to prevent the US government from banning TikTok, its video-streaming app.

Thu, 24 Sep 2020 08:44:59 GMT

Iraqi Minister denies oil deal

On Thursday, the Oil Minister of Iraq Ihsan Abdul Jabbar stated that there is no agreement with OPEC+ to increase Iraq's oil exports.

Thu, 24 Sep 2020 07:58:18 GMT

China investors to buy BMW's JV partner Brilliance

China's state-backed investors are likely to take Brilliance, BMW's joint-venture partner in China, private, sending Brilliance's shares up 12.3% to HK$7.86 on the news.

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