News

Note: This section contains information in English only.
Tue, 20 Apr 2021 08:00:07 GMT

China looks into Alibaba-Minmetals JV

China's market watchdog has launched an investigation into the e-commerce titan Alibaba Group and Minmetals Development's joint venture in an antitrust crackdown on internet firms.

Tue, 20 Apr 2021 06:41:03 GMT

IBM posts highest quarterly sales growth

International Business Machines reported its quarterly sales growth hit more than two-year record high, topping Wall Street estimates, and driven by the company's cloud computing business strength.

Tue, 20 Apr 2021 06:28:25 GMT

China to build $3B supercomputing centre

Wenchang, the Chinese southern space port, is planning to construct a $3.0B supercomputing centre by 2021-end to analyse space data, state media reported on Tuesday.

Tue, 20 Apr 2021 05:00:07 GMT

China boosts BMW Q1 demand

It was revealed on Monday by BMW that that the company had boosted 2021 first quarter earnings by higher prices and demand from China.

Tue, 20 Apr 2021 04:00:08 GMT

Facebook launches new products

On Monday, Facebook announced that the company would launch new audio products.

Tue, 20 Apr 2021 03:00:08 GMT

Wall Street declines

During Monday's US trading session, US stock indices declined, as Tesla's stock caused a sell off due to a fatal auto crash.

Tue, 20 Apr 2021 01:00:07 GMT

Microsoft tests new cloud gaming

On Monday, Microsoft announced that it would test Xbox cloud gaming on the Apple and PC platforms.

Mon, 19 Apr 2021 20:00:08 GMT

UK to probe Nvidia's ARM deal

The UK government plans to review Nvidia's $40B purchase of ARM Holdings, a British semiconductor design company, the UK government announces.

Mon, 19 Apr 2021 19:00:08 GMT

Zoom launches $100M fund

Zoom Video Communications created a $100M fund to invest in software companies that create applications using its technology.

Mon, 19 Apr 2021 18:00:06 GMT

Mastercard to purchase Ekata

Mastercard plans to purchase digital identity verification firm Ekata for $850M, a report published by the global payments processor shows.

Mon, 19 Apr 2021 16:56:16 GMT

GameStop loses CEO

George Sherman will resign from the chief executive officer position at GameStop, giving major shareholder Ryan Cohen more power, as the company shifts to e-commerce.

Mon, 19 Apr 2021 15:33:02 GMT

Nokia to cut 10,000 jobs

Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.

Mon, 19 Apr 2021 14:00:08 GMT

France struggles with vaccination

A report published by Reuters on Monday revealed that French authorities struggle to distribute AstraZeneca coronavirus vaccines.

Mon, 19 Apr 2021 13:00:08 GMT

Citigroup increases investment in China

On Monday, Reuters revealed that Citigroup would expand its business in China by increasing investment banking activities.

Mon, 19 Apr 2021 12:00:09 GMT

European stocks reach high level

During Monday's European trading hours, European stock indices surged and reached new high levels.

Mon, 19 Apr 2021 10:57:10 GMT

Shopping surges in UK

On Monday, it was revealed that the number of shoppers in the United Kingdom had jumped by 87.8% during the previous week.

Mon, 19 Apr 2021 09:00:10 GMT

ESR, GIC to acquire Blackstone-owned portfolio

ESR Cayman Limited, the logistics real estate firm, is set to cooperate with Singapore's GIC to acquire the Blackstone-owned Australian logistics property portfolio for A$3.8B ($2.9B).

Mon, 19 Apr 2021 07:42:03 GMT

Renesas to restore lost output capacity at plant

On Monday, the automotive semiconductor major supplier Renesas Electronics announced its plans for restoring full output capacity at the company's fire damaged factory by the end of May after resuming the production on Saturday.

Mon, 19 Apr 2021 07:36:04 GMT

Goldman invests $69M in Starling Bank

Goldman Sachs has made an investment worth $69M in Britain's Starling Bank, the UK lender stated on Monday.

Mon, 19 Apr 2021 06:30:53 GMT

Clubhouse app valued at $4.0B

Clubhouse, the audio-based social network, has closed the Series C funding round, which reportedly values the app at around $4.0B, according to Reuters.

Mon, 19 Apr 2021 05:00:08 GMT

EU inflation rises

Inflation in the European Union increased to 1.7% in March from 1.3% in February, a report published by the European Statistical Office shows.

Mon, 19 Apr 2021 04:00:08 GMT

Asian economy to grow 6.5%

The Asian economy is expected to expand 6.5% in 2021 after the 1.7% contraction the prior year, data published by the International Monetary Fund show.

Mon, 19 Apr 2021 03:00:07 GMT

Morgan Stanley reports $911M Archegos loss

Morgan Stanley lost around $1B from the liquidation of Archegos Capital Management, a report published by the multinational investment bank shows.

Sun, 18 Apr 2021 21:03:23 GMT

Musk: NASA rules as SpaceX wins $2.9B contract

Elon Musk's SpaceX won a $2.9B contract to construct a spacecraft to bring people to the moon starting 2024, the US space agency NASA reports.

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