News

Note: This section contains information in English only.
Wed, 07 Apr 2021 19:00:07 GMT

Nissan's China car sales up 70.6% in Q1

Nissan Motor's passenger and light car business in China increased unit sales 70.6% year-over-year, as it sold 352K cars in the first quarter of 2021, the company stated.

Wed, 07 Apr 2021 16:50:02 GMT

Amazon extends gains

During Wednesday's US trading hours, AMZN stock price surged by 2.07%, as it entered a fourth consecutive trading session of gains. Since March 31, the stock price had gained more than 7.55%.

Wed, 07 Apr 2021 16:44:45 GMT

Tesla cameras not activated in China

Cameras in Tesla cars were not activated outside of North America, the automaker stated, aiming to assuage security issues in the world's biggest car market.

Wed, 07 Apr 2021 16:00:06 GMT

AliExpress Russia considers IPO option

AliExpress Russia stated that an IPO was a likely step for the online retailer, which reported gross merchandise volume of $3B for the 2020-21 financial year.

Wed, 07 Apr 2021 14:44:04 GMT

Kavak reaches $4B valuation

Kavak, the Mexican used-car platform, hit a $4B valuation after raising $485M in new funding round, becoming one of the most valued startups in Latin America.

Wed, 07 Apr 2021 13:54:51 GMT

UPS to acquire electric aircraft

United Parcel Service is set to acquire 10 electric VTOL jets from Beta Technologies to cut its delivery time for small markets, the US package delivery firm announced on Wednesday.

Wed, 07 Apr 2021 13:37:51 GMT

US trade deficit widens to record high

The US trade deficit hit its record-high level of $71.1B in February amid a more rapid rebound in economic activity, while analysts anticipated it to widen to $70.5B.

Wed, 07 Apr 2021 12:36:10 GMT

Google's AI scientist Bengio quits

Samy Bengio, Google's research manager, has announced his resignation earlier this week due to his colleagues' firings after they questioned diversity practices and paper review.

Wed, 07 Apr 2021 11:31:47 GMT

Prosus to sell $15B worth Tencent stake

Prosus NV, the Dutch technology investment firm, is planning a 2% stake sale in the software titan Tencent worth around $15B, sending Prosus shares down 4% to €94.52 on the news.

Wed, 07 Apr 2021 10:19:36 GMT

General Motors aims to expand

As the stock price of General Motors hit a new all-time high, the CEO Mary Barra stated that the company could expand beyond automobile production.

Wed, 07 Apr 2021 09:00:08 GMT

Nokia, Lenovo reach patent settlement

Nokia has settled is multi-year-long fight with the world's largest PC maker Lenovo Group over the alleged patent infringement, both companies announced on Wednesday.

Wed, 07 Apr 2021 08:10:06 GMT

G20 set to meet on Wednesday

On Wednesday, G20's finance officials are set for a meeting to back a $650B boost in the emergency reserves of the IMF and prolong the freeze on the countries' debt payments amid the coronavirus pandemic.

Wed, 07 Apr 2021 06:57:33 GMT

Toshiba explores $20B take-private deal

Japan's Toshiba Corp is exploring a $20B take-private offer from CVC Capital Partners, the private equity firm, as the company faces activist shareholders' pressure to improve governance.

Wed, 07 Apr 2021 06:38:01 GMT

Samsung Elec sees Q1 profit rising 44%

On Wednesday, Samsung Electronics stated its Q1 profit likely surged 44%, in line with analysts expectations.

Wed, 07 Apr 2021 05:00:09 GMT

Egypt considers expansion of Suez Canal

On Tuesday, the chairman of the Egyptian Suez Canal Authority Osama Rabie announced that Egypt is considering the expansion of the Suez Canal southern channel.

Wed, 07 Apr 2021 04:00:08 GMT

IMF comments on US equity market

US stock markets will continue expanding in the short to medium term, the International Monetary Fund said in its Global Financial Stability Report on Tuesday.

Wed, 07 Apr 2021 03:00:07 GMT

US job openings grow in February

As reported by the US Labor Department on Tuesday, job openings, a measure of labor demand in the United States, increased to 7.4 million in February.

Wed, 07 Apr 2021 01:28:17 GMT

US Dollar jumps from two-week lows

On Tuesday, the US Dollar bounced from two-week lows, as investors and traders bet that the US economy would recover faster from the pandemic than other developed countries.

Tue, 06 Apr 2021 20:00:06 GMT

Intel unveils new data centre chip

On Tuesday, Intel Corp has introduced its new data centre microprocessor, with hopes that its in-house production operations will help navigate the global chip shortage and better compete against its rival AMD's faster chips.

Tue, 06 Apr 2021 19:00:07 GMT

GM to make Chevrolet Silverado EVs

General Motors is planning to build the Chevrolet-branded Silverado electric pickups at its first EV assembly plant based in Michigan, the US carmaker stated on Tuesday.

Tue, 06 Apr 2021 17:41:05 GMT

Etihad begins direct flights to Israel

Abu Dhabi's Etihad Airways has started direct passenger flights to Israel's Tel Aviv from the UAE capital, as two countries established diplomatic ties last year.

Tue, 06 Apr 2021 17:01:29 GMT

Nike wins suspension of 'Satan Shoes' sales

Nike has won a temporary suspension of the sales of "Satan Shoes", the Brooklyn company had produced in cooperation with Lil Nas X, due to potential trademark infringement.

Tue, 06 Apr 2021 16:20:05 GMT

Qatar Airways looks at Boeing 777X freighter

Qatar Airways stated it was interested in Boeing's potential new 777X freighter, calling on the engine manufacturer GE to start investing in future technology amid pressure put on airlines over emission cuts.

Tue, 06 Apr 2021 15:00:07 GMT

British Airways seeks resuming flights in May

British Airways CEO Sean Doyle is optimistic about reviving international travel from May 17 despite Britain's warning it was still unclear whether holidays could resume.

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