News

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Sun, 28 Feb 2021 05:57:10 GMT

US regulators launched probe into Robinhood

Online brokerage Robinhood confirmed that US regulators had launched a probe into its trading curbs on its "meme stocks" after GameStop and other similar companies' shares surged during a social short-squeeze fuelled by media.

Sun, 28 Feb 2021 04:45:58 GMT

Biden's COVID-19 aid gets green light

The US House of Representatives approved on Saturday the President Joe Biden's plan worth $1.9 trillion to address the economic and human toll of the coronavirus pandemic.

Sun, 28 Feb 2021 04:02:49 GMT

Robinhood to file confidentially for IPO

Robinhood, the online brokerage based in California, is seeking to file for a confidential initial public offering in March, according to Bloomberg News.

Sat, 27 Feb 2021 23:56:37 GMT

Boeing CEO to testify over 737 MAX crash

Boeing's CEO is asked to testify in a litigation over the 737 MAX jet crash in Ethiopia amid pressure from relatives of the disaster's victims, a court filing showed.

Sat, 27 Feb 2021 21:31:54 GMT

G20 agrees to continue cooperation

The G20 members agreed on Friday to continue expansionary policies in order to help world economy to overcome the negative effect of the pandemic.

Sat, 27 Feb 2021 20:32:23 GMT

Mexico seeks migration deal

The Mexican President Andres Obrador stated on Saturday that he would try to negotiate a deal with the US to get guarantees for Mexican workers.

Sat, 27 Feb 2021 19:07:40 GMT

Reliance ties up with tech giants

India's Reliance Industries partnered with Google, Facebook and the fintech player Infibeam over setting up a global digital payment network, according to the Economic Times newspaper's report published on Saturday.

Sat, 27 Feb 2021 17:48:58 GMT

Etsy has no plans to accept bitcoin

Etsy's CEO Josh Silverman stated the e-commerce retailer had no plans to accept bitcoin as a payment form right now, unless it gained a more widespread use among customers in the retail sector.

Sat, 27 Feb 2021 17:21:29 GMT

Niu seeks supplying Gojek

Niu Technologies has entered talks with the ride-hailing firm Gojek over its electric scooters supply to raise market share in the Southeast Asia, Niu's CEO said to Reuters.

Sat, 27 Feb 2021 16:30:14 GMT

SoftBank, WeWork's CEO reach settlement

SoftBank Group stated it had reached settlement with the WeWork's ex-CEO Adam Neumann and the company's special committee in their legal battle related to WeWork's acquisition in 2019.

Sat, 27 Feb 2021 15:08:13 GMT

AMC approves bonuses to top execs

AMC Entertainment Holdings said it had granted an approval of millions in bonuses to the theatre operator's eligible employees and top executives with intention to preserve the stockholder value amid the coronavirus pandemic.

Sat, 27 Feb 2021 13:59:25 GMT

Reliance partners with Google and Facebook

According to the Economic Times, India's Reliance formed a parthership with Google, Facebook and Infibeam in order to build a local digital payment network.

Sat, 27 Feb 2021 13:32:13 GMT

Berkshire Hathaway profit on rise

Berkshire Hathaway Inc stated on Saturday that the company's operational quarterly profit increased 14%.

Sat, 27 Feb 2021 12:34:24 GMT

Citi revises earnings

On Friday, Citigroup Inc added $390M in operational costs in the last year's Q4 after losing the Revlon case.

Sat, 27 Feb 2021 11:34:41 GMT

Airlines call for greener aviation fuel support

The heads of American Airlines, Delta Air Lines and United Airlines called the US government on Friday to support greener aviation fuel.

Sat, 27 Feb 2021 10:36:26 GMT

House passes $1.9T pandemic relief plan

On early Saturday, the US House of Representatives voted for Joe Biden's $1.9T COVID-19 relief plan.

Sat, 27 Feb 2021 08:42:07 GMT

Robinhood to file for confidential IPO

The online brokerage Robinhood seeks to file for a confidential initial public offering already in March, according to a Bloomberg News report.

Sat, 27 Feb 2021 08:11:39 GMT

Tesla's US plant closes amid parts shortages

Elon Musk, Tesla's Chief Executive Officer, said the carmaker's US factory Fremont had been closed on this week's Monday and Tuesday amid "parts shortages", sending Tesla's shares down 8% on the news.

Sat, 27 Feb 2021 07:10:17 GMT

G20 vows to support global economy

Finance ministers and central bank governors of G20 vowed to continue to work more closely to accelerate the global economic recovery, the Italian presidency of the G20 group announced on Friday.

Sat, 27 Feb 2021 06:04:43 GMT

BOA to offer staff paid time off to get vaccinated

As reported by Bloomberg News on Friday, Bank of America would give its employees in the US a paid time off to get the coronavirus vaccine.

Sat, 27 Feb 2021 05:05:54 GMT

Stournaras calls for increase in ECB's bond buying

On Friday, the Greek Central Bank Governor Yannis Stournaras called on the ECB to accelerate the pace of PEPP buying to ensure favourable funding conditions during the COVID-19 pandemic.

Sat, 27 Feb 2021 04:09:48 GMT

Ecuadorean Health Minister resigns

On Friday, Ecuador's Health Minister Juan Carlos Zevallos has resigned following criticism for poor handling of the COVID-19 pandemic and the vaccination process.

Sat, 27 Feb 2021 02:33:13 GMT

GameStop shares jump more than 10%

On Friday, shares of GameStop edged higher over 10%, as data showed that call options market activity in the stock was heavily traded this week.

Fri, 26 Feb 2021 21:00:26 GMT

Volkswagen expects strong rebound in 2021

Volkswagen announced expectations for deliveries, revenues and margins to rebound markedly this year as the COVID-19 pandemic eases, after slashing the companyš profits in 2020.

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