News

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Sun, 23 May 2021 14:45:25 GMT

VW Mexico sees output changes in June

Volkswagen's Mexico unit is expecting adjustments for the three production segments starting from June amid the ongoing global shortage of semiconductor chips.

Sun, 23 May 2021 13:41:11 GMT

Nasdaq gets SEC approval for fund raising

The exchange operator Nasdaq got a green light from the US Securities and Exchange Commission for allowing firms to raise their capital via direct listings.

Sun, 23 May 2021 13:34:59 GMT

Inditex to shut stores in Venezuela

Zara owner Inditex is planning to shut down all the stores located in Venezuela in the next couple of weeks after its deal with Phoenix World Trade, its local partner, has come under review.

Sun, 23 May 2021 12:18:25 GMT

Airbus to increase A220 plane range

Airbus is planning to boost its smallest A220 jet's range, in a move that will allow airlines to launch more specific routes internationally.

Sun, 23 May 2021 11:25:05 GMT

Boeing sees fresh sprint in 737 MAX output

Boeing has unveiled preliminary plans for the 737 MAX output jump to 42 aircraft per month in late-2022, as the planemaker seeks to extend the recovery from the COVID-19 and overlapping safety crises.

Sun, 23 May 2021 10:17:17 GMT

Renault-Nissan seeks to keep producing in India

Renault-Nissan told the Indian court that it could not stop production at the car plant to fill orders, rejecting employee union's claims about ignoring the COVID-19 safety protocols.

Sun, 23 May 2021 09:34:18 GMT

Snap to take over AR firm WaveOptics

Snap has agreed to buy WaveOptics, Britain's augmented reality technology firm, in a deal valued at more than $500 million.

Sun, 23 May 2021 08:00:07 GMT

Canada employment declines

The unemployment rate in Canada increased to more than 8% in April as the country introduced stricter health measures, the Statistics Canada reports.

Sun, 23 May 2021 07:26:00 GMT

Elon Musk reaffirms support of cryptocurrencies

Elon Musk reaffirmed support of cryptocurrencies in the battle against fiat in a reply to a user on Twitter.

Sun, 23 May 2021 06:00:05 GMT

TikTok CEO resigns

TikTok CEO Zhang Yiming plans to resign by the end the year to focus on the long-term strategy as well as to "read more books and daydream".

Sun, 23 May 2021 05:00:09 GMT

Central banks to develop own digital currencies

Central banks are interested in developing their own digital currencies as the use of cash declines, senior adviser to the CEO at UBS Huw van Steenis says. 

Sat, 22 May 2021 20:24:07 GMT

Musk stands for crypto

Elon Musk, Tesla Inc's Chief Executive Officer, wrote on Saturday that he would support cryptocurrencies in their battle with fiat.

Sat, 22 May 2021 19:00:07 GMT

White House pares $2.25T proposal

On Friday, the White House lowered its infrastructure bill to $1.7T from initial $2.25T.

Sat, 22 May 2021 17:00:08 GMT

Volkswagen's Mexico unit eyes output tweak

Volkswagen's Mexico unit anticipated adjustments from June for its three segments of production due to a continuous global semiconductor chip supply shortage, the German automaker stated.

Sat, 22 May 2021 16:00:07 GMT

SEC nods Nasdaq proposal for direct listings

The US Securities and Exchange Commission approved a proposal by exchange operator Nasdaq to allow companies to raise capital via direct listings.

Sat, 22 May 2021 15:00:06 GMT

Wejo discusses with Virtuoso SPAC merger

Wejo was in negotiations to go public through the SPAC merger with Virtuoso Acquisition in a deal, which would value the UK connected vehicle data start-up at $1B, sources said.

Sat, 22 May 2021 14:28:22 GMT

Inditex to shut all locations in Venezuela

Inditex, the owner of Zara, Bershka and Pull & Bear brands, is set to close all stores in Venezuela as an agreement between the retailer and its local partner came under review.

Sat, 22 May 2021 13:00:06 GMT

US production grows in May

According to preliminary reports, manufacturing acitivity in the US accelerated in the first half of May amid solid domestic demand.

Sat, 22 May 2021 12:00:08 GMT

Airbus to extend jets' range

One of Airbus operators stated on Friday that the company would work on extending the range of the A220, its smallest jet.

Sat, 22 May 2021 11:00:07 GMT

EU to probe Coca Cola

The European Commission announced on Friday that it had started a preliminary investigation over possible violation of antitrust regulations by Coca Cola.

Sat, 22 May 2021 10:00:07 GMT

M&S reports losses

The UK Marks & Spencer is expected to publish a report on Wednesday showing an almost 90% yearly profit decrease because of the pandemic.

Sat, 22 May 2021 09:27:02 GMT

SEC approves Nasdaq proposal

The US Securities and Exchange Commission (SEC) gave green light to Nasdaq Inc's proposal to allow entreprises to raise capital via direct listings.

Sat, 22 May 2021 08:00:07 GMT

Canada retail sales rise

Canada's retail sales increased 1.8% in the first three months of 2021, data published by the Statistics Canada show.

Sat, 22 May 2021 07:25:04 GMT

Eurozone business growth accelerates

Eurozone business growth accelerated in May at the fastest pace in three years, a survey conducted by Markit, a financial information company, shows.

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