News

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Sun, 02 May 2021 21:10:06 GMT

China manufacturing sector expands

The manufacturing sector in China expanded 39.9% in the first three months of 2021, compared to 2020, the Ministry of Industry and Information Technology reports.

Sun, 02 May 2021 21:05:07 GMT

S. Korea exports reach record high

Exports from South Korea reached a record high of $51.19B in April, a 41.1% increase from the same period the prior year, the Ministry of Trade, Industry and Energy reports.

Sun, 02 May 2021 20:43:25 GMT

India receives first batch of Sputnik V vaccine

India received the first batch of Sputnik V, Russian COVID-19 vaccine, India's foreign ministry spokesperson Arindam Bagchi says.

Sun, 02 May 2021 20:00:07 GMT

China administers 270.41M vaccine doses

As reported by the Chinese National Health Commission on Sunday, China has given 270.41M doses of coronavirus vaccine.

Sun, 02 May 2021 19:00:06 GMT

Peru's Castillo vows to curb foreign firms

On Saturday, Peru's presidential candidate Pedro Castillo of the Peru Libre Party, promised to review contracts of foreign miners, if elected, as the President of Peru.

Sun, 02 May 2021 18:00:06 GMT

Tanzania's President to cut income tax

Tanzania's government will cut the income tax rate by 1% in the 2021/22 fiscal year, the President of Tanzania Samia Suluhu Hassan announced on Saturday.

Sun, 02 May 2021 17:00:08 GMT

Kenyan lifts COVID-19 lockdown

On Saturday, the President of Kenyan Uhuru Kenyatta lifted the coronavirus lockdown imposed in April.

Sun, 02 May 2021 16:00:11 GMT

Buffett, Munger criticize Robinhood

On Saturday, Warren Buffett and his long-time business partner Charlie Munger criticized commission-free trading brokerage Robinhood for promoting a casino-like atmosphere in the stock market.

Sun, 02 May 2021 15:00:07 GMT

VW expects semiconductor shortage

On Saturday, Ralf Brandstaetter, the CEO of the Volkswagen brand, said that the company expects the supply of semiconductor to remain tight in the following months.

Sun, 02 May 2021 14:00:05 GMT

Iran expects US to lift sanctions

Abbas Araqchi, Iran's Deputy Foreign Minister, stated on Saturday that Iran expects the United States to lift sanctions on banks and the energy sector based on accords reached so far in Vienna talks.

Sun, 02 May 2021 13:00:06 GMT

Australia increases childcare subsidies

The Australian conservative government will spend $1.31 billion on childcare, government officials announced on Sunday.

Sun, 02 May 2021 12:00:06 GMT

Taiwan sends COVID-19 aid to India

Taiwan has sent the first batch of COVID-19 aid to India, the Taiwanese Foreign Ministry announced on Sunday.

Sun, 02 May 2021 11:00:06 GMT

Berkshire's Q1 operating profit increases

On Saturday, Berkshire Hathaway Inc announced an operating income of $7.02 billion in the first quarter, up by 20% from $5.87 billion a year earlier.

Sun, 02 May 2021 10:00:07 GMT

Berkshire sees rebound from pandemic

On Saturday, Berkshire Hathaway announced that its results are recovering from the COVID-19 pandemic, as the company reported a net income of $11.71 billion in the first quarter.

Sun, 02 May 2021 09:00:07 GMT

3M hit with $6M in punitive damages

On Friday, a Florida federal jury ordered industrial giant 3M to pay $6 million in punitive damages to three US military veterans.

Sun, 02 May 2021 08:00:06 GMT

EU charges Apple with antitrust violations

On Friday, the European Union antitrust regulators charged Apple Inc with anti-competitive violations in the music-streaming market.

Sun, 02 May 2021 07:00:07 GMT

Exxon Mobil beats profit expectations

On April 30, Exxon Mobil Corp reported a net income of $2.73 billion or 64 cents per share in the first quarter, beating Wall Street analysts' forecasts for its quarterly earnings.

Sun, 02 May 2021 06:00:07 GMT

US consumer spending rebounds in March

As reported by the US Commerce Department, US consumer spending increased by 4.2% in March.

Sun, 02 May 2021 05:00:15 GMT

Cargill steps up efforts to go green

One of the largest ship charterer in the world, Cargill, has trimmed nearly 1.5M tonnes of carbon emissions from the shopping fleet since 2017, as it tries to speed up its push to go green.

Sun, 02 May 2021 04:00:07 GMT

3M faces $6M of punitive damages

3M was hit with $6M in punitive damages, as it had been found liable for hearing impairment suffered by several US military veterans accusing the company of concealment design its earplugs' defects.

Sun, 02 May 2021 03:00:06 GMT

Intel wants $10B in subsidies for chip plant

Intel is seeking $9.7B in public subsidies for establishing a semiconductor plant based in Europe, as the region intends to cut the company's reliance on imports due to a supplies shortage.

Sat, 01 May 2021 22:24:12 GMT

Vaccitech stock drops 20% in Nasdaq debut

Shares of a start-up behind the Oxford COVID-19 vaccine tech Vaccitech plunged about 20% in the Nasdaq debut, valuing the company at around $464M.

Sat, 01 May 2021 19:51:05 GMT

Berkshire's operating profit surges

On Saturday, Berkshire Hathaway reported its Q1 operating profit soared 20% and that the company extended its aggressive stock repurchases, as it bought back $6.6B of its own shares.

Sat, 01 May 2021 19:29:25 GMT

VW sees chip supply to stay tight

Volkswagen stated on Saturday it was expecting semiconductor supplies to remain tight within the coming months, adding the carmaker was unable to manufacture 100K vehicles due to the shortage.

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