News

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Sat, 12 Jun 2021 13:00:06 GMT

United refuses to furlough employees

United Airlines stated on Saturday that it would not furlough its flight attendants because of the slowly rebounding demand.

Sat, 12 Jun 2021 12:00:07 GMT

G7 leaders to support new corporate tax

The White House stated on Saturday that G7 leaders would support Biden's minimum corporate tax rate proposal.

Sat, 12 Jun 2021 11:00:07 GMT

France proposes "Le reset" to UK

The French President Emmanuel Macron made on offer on Saturday to his colleague Boris Johnson to reset bilateral relations if the UK honours its deal with the EU.

Sat, 12 Jun 2021 10:00:08 GMT

Putin comments relations with US

US-Russia bilateral relations are at their bottom in many years, Vladimir Putin said in an interview with NBC News.

Sat, 12 Jun 2021 08:53:31 GMT

G7 to promote own infrastructure project

According to the White House official, in contrast to China's Belt and Road project G7 would initialize and implement its own international infrastructure plan.

Sat, 12 Jun 2021 08:00:09 GMT

China's vehicle sales down 3% in May

Vehicle sales in China declined 3% in May from the same period a year earlier, the first fall since April 2020, industry data revealed.

Sat, 12 Jun 2021 07:00:09 GMT

Toyota to make its plants carbon neutral

Toyota Motor Corp announced its intention to make all its global factories carbon neutral by 2035, an executive stated.

Sat, 12 Jun 2021 06:00:07 GMT

McDonald's in East Asia hit by data breach

McDonald's Corp, the world's biggest burger chain, stated that data breach in Taiwan and South Korea exposed some customer and employee information.

Sat, 12 Jun 2021 05:00:08 GMT

Ford, VW quit auto finance business in India

The auto financing arms of Ford Motor and Volkswagen plan to stop providing new credit to dealers and car buyers in India and will quit from the country, sources aware of the matter told Reuters.

Sat, 12 Jun 2021 04:00:09 GMT

US: G7 to fund COVID-ravaged nations

The Group of Seven nations and the US were considering reallocating $100B from the IMF's fund to support countries struggling to cope with the coronavirus crisis.

Sat, 12 Jun 2021 03:00:06 GMT

VW's Traton considers capital increase

Germany's trucks maker Traton was exploring options of capital increase worth more than $1.2B, as the takeover of US peer Navistar draws to a close, three sources close to the matter stated.

Fri, 11 Jun 2021 21:41:02 GMT

India probes Binance unit's transactions

India's financial crime-fighting agency stated that WazirX, one of the country's biggest cryptocurrency exchanges, is under investigation for possible foreign exchange regulations violation.

Fri, 11 Jun 2021 20:00:06 GMT

ECB asks Deutsche Bank to name new chairman

According to people familiar with the matter, the European Central Bank has urged Deutsche Bank to urgently name a new chairman.

Fri, 11 Jun 2021 19:00:07 GMT

EU is expected to approve Aon-Willis deal

According to sources with knowledge of the matter, insurance broker Aon PLC is set to gain the European Union antitrust approval for its $30 billion bid for Willis Towers Watson.

Fri, 11 Jun 2021 18:00:08 GMT

Ford, VW to quit car finance business in India

According to sources with knowledge of the matter, Ford Motor and Volkswagen AG plan to stop providing loans to automobile buyers in India.

Fri, 11 Jun 2021 17:00:09 GMT

European shares reach record high

On Friday, the European STOXX 600 Index surged by 0.30% to hit a record high and was on track for a sixth consecutive day of gains.

Fri, 11 Jun 2021 16:00:07 GMT

Netflix to launch online store

Netflix has plans to roll out an online store deemed for the sale of limited-edition apparel, lifestyle collectables and merchandise based on its popular shows, such as "Stranger Things" or "Lupin".

Fri, 11 Jun 2021 15:00:07 GMT

G7 considers $100B allocation

The Group of Seven is considering reallocation of $100B from the IMF's warchest to aid countries struggling most with the coronavirus pandemic crisis, according to the White House's statement.

Fri, 11 Jun 2021 14:00:07 GMT

BlackRock now operating China mutual fund biz

On Friday, BlackRock became the first asset manager in the world licensed to launch a wholly-owned Chinese mutual fund business, as China's government opened up its mutual fund industry worth $3.5 trillion.

Fri, 11 Jun 2021 13:00:06 GMT

Signa Sports agrees listing via SPAC deal

Signa Sports United, the sporting goods retailer, agreed to the NYSE listing via a SPAC merger, in a deal that values the company at $3.2B, according to Reuters.

Fri, 11 Jun 2021 12:00:07 GMT

Deutsche Bank urged to name new chairman

The European Central Bank called on Deutsche Bank on Friday to urgently find a successor to its chairman Paul Achleitner before his term ends, Reuters reported.

Fri, 11 Jun 2021 11:00:12 GMT

UK posts robust recovery in April

UK's recovery from the coronavirus crisis accelerated in April on easing lockdown measures, marking the fastest monthly growth since the mid-summer leaving production 27.6% higher compared to the previous year.

Fri, 11 Jun 2021 09:50:52 GMT

China app stores delete virtual keyboard apps

Several virtual keyboard apps developed by such companies as Sogou and Iflytek were removed from the Chinese app stores due to rising scrutiny of data protection and the technology sector.

Fri, 11 Jun 2021 09:00:32 GMT

Huawei seeks to develop driverless car tech by 2025

China's Huawei Technologies is planning to develop self-driving passenger vehicle technology by 2025, as the world's telecommunications equipment leader seeks to diversify its business amid US sanctions.

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