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Fri, 28 Aug 2020 14:50:26 GMT

Amazon orders 1.8K Mercedes e-vans

On Friday, Amazon.com reported it had ordered 1.8K Mercedes-Benz's electric vans for the online retailer's EU delivery fleet, as te company seeks running a carbon-neutral business by 2040.

Fri, 28 Aug 2020 14:15:36 GMT

S&P 500 opens at all-time-high again

On Friday, the S&P 500 opened at the record-high level of 3,494.69, by 10.14 points, for the fifth consecutive day, driven by medical solution bets for the coronavirus pandemic, as well as low-interest rates for the prolonged period.

Fri, 28 Aug 2020 12:51:43 GMT

SoftBank to cut its wireless carrier stake

On Friday, SoftBank Group announced its plans to reduce the exposure to SoftBank, the wireless carrier, by selling its share worth $13.8B, marking the conglomerate's asset sales expansion.

Fri, 28 Aug 2020 12:29:58 GMT

UBS names tech exec from Credit Suisse

UBS has hired Credit Suisse's Pascal Emile as a new head of Africa, the Middle East and Europe Technology for the bank's WMPC business, UBS internal memo showed on Friday.

Fri, 28 Aug 2020 11:31:53 GMT

Coca-Cola plans layoffs amid restructuring

On Friday, Coca-Cola announced it was planning to cut its global workforce on the back of the company-wide restructuring, not providing further details on the number of jobs it wanted to trim.

Fri, 28 Aug 2020 09:45:51 GMT

Global stocks struggle

On Friday, global stock indices declined in the aftermath of the Prime Minister of Japan Shinzo Abe announcing his resignation.

Fri, 28 Aug 2020 09:07:51 GMT

European stocks decline

During Friday's European trading hours, stock indices decline, as investors dumped healthcare and tech stocks.

Fri, 28 Aug 2020 07:45:06 GMT

Amazon orders Mercedes vans

It was revealed on Friday that Amazon has ordered 1,800 Mercedes Benz vans for its deliveries in Europe.

Fri, 28 Aug 2020 06:44:28 GMT

Shinzo Abe resigns

On Friday, the Prime Minister of Japan Shinzo Abe resigned and caused a drop of the Japanese Yen.

Fri, 28 Aug 2020 05:25:06 GMT

Walmart bids for TikTok

On Thursday, Walmart Inc announced that it would join Microsoft in bidding for TikTok's US assets.

Fri, 28 Aug 2020 04:31:05 GMT

United Airlines cuts jobs

The United Airlines announced on Thursday that it would cut 2,850 pilot jobs, if the US government does not provide aid.

Fri, 28 Aug 2020 03:31:08 GMT

Amazon launches fitness band

On Thursday, Amazon announced that it would launch a new fitness band that would compete with Apple's Fitbit.

Thu, 27 Aug 2020 20:45:20 GMT

Stocks surge on Thursday

During Thursday's US trading hours, stock indices surged, as the Federal Reserve outlined a new inflation strategy.

Thu, 27 Aug 2020 19:42:44 GMT

GoPro rolls out live streaming service

GoPro, the action camera maker, announced to its premium subscribers they can now launch live streaming of their rides, swims and treks directly on to the GoPro website.

Thu, 27 Aug 2020 18:43:12 GMT

Coty's results disappoint investors

On Thursday, the beauty products maker Coty reported a larger-than-anticipated quarterly loss, as well as a 56% drop in its sales due to its store and parlour closures during the pandemic.

Thu, 27 Aug 2020 17:42:12 GMT

Abercrombie unveils surprise profit results

Abercrombie & Fitch posted a better-than-expected quarterly profit of $5.5M, after cutting its costs and benefiting from the online orders surge during the pandemic, sending the firm's shares up 9%.

Thu, 27 Aug 2020 16:41:15 GMT

Walmart ties up with Microsoft on TikTok

Walmart has collaborated with Microsoft in the softmaker developer's bid to acquire the Bytedance-owned short video app TikTok, according to a CNBC report seen on Thursday.

Thu, 27 Aug 2020 16:09:12 GMT

Xpeng Motors IPO accumulates $1.5B

As the investors are showing high interest in the electric car companies, the Chinese electric vehicle manufacturer Xpeng Motors raised $1.5B from its New York IPO, surpassing the expectations.

Thu, 27 Aug 2020 15:36:55 GMT

World Bank delays country business report

On Thursday, the World Bank announced that the publication of the Doing Business report will be delayed due to data collection inconsistencies.

Thu, 27 Aug 2020 14:25:50 GMT

Veoneer to team up with Qualcomm

Veoneer is planning to tie up with Qualcomm Technologies on developing the driver assistance systems' software, the auto tech company announced on Thursday, sending shares up as much as 15.4% to $12.71.

Thu, 27 Aug 2020 13:22:31 GMT

Tiffany tops quarterly profit forecasts

On Thursday, Tiffany posted a bigger-than-anticipated quarterly profit of $31.9M, signalling a boost in its sales amid a recovery in the online and China demand.

Thu, 27 Aug 2020 11:52:19 GMT

China suspends Didi's ride-hailing service

Chinese local city regulators have suspended Didi Chuxing's new ride-hailing service due to lack of the operating licenses necessary for the platform, according to Reuters.

Thu, 27 Aug 2020 10:51:55 GMT

Bouygues to swap 3K Huawei-made antennas

Bouygues is set to remove 3K of France's mobile antennas made by Huawei by 2028 after the country's authorities made a decision to swap all the equipment developed by the Chinese giant from its highly populated areas.

Thu, 27 Aug 2020 09:41:23 GMT

European stocks decline

During Thursday's European trading hours, European stock indices declined, as an upcoming speech of the Federal Reserve chairman Jerome Powell was expected to strengthen currencies.

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