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Sat, 16 Jan 2021 15:35:03 GMT

Brazil not to bank Huawei

The Brazilian government stated on Saturday that it would not prohibit Huawei to participate in 5G network auctions.

Sat, 16 Jan 2021 13:47:41 GMT

Turkey announces $18.5B investment program

On Saturday, the Turkish government announced the beginning of public investment programme for 2021 worth $18.5B mostly focused on communication and transportation projects.

Sat, 16 Jan 2021 13:34:57 GMT

Armin Laschet to lead CDU

Members of the German CDU party picked on Saturday Armin Laschet as their new head instead of Angela Merkel.

Sat, 16 Jan 2021 12:21:30 GMT

Fiat Chrysler and PSA seal merger deal

On Friday, Fiat Chrysler and PSA sealed merger deal that would create the fourth-largest car group, Stellantis.

Sat, 16 Jan 2021 11:24:14 GMT

Capital One receives fine for AML rules violation

On Friday, the US FinCEN reported that Capital One Financial Corp admitted violation of anti-money laundering regulations, thus receiving a $390M penalty.

Sat, 16 Jan 2021 10:35:00 GMT

US to distribute aid to airlines

The US Treasury began of Friday distributing $15B in payroll assistance to air companies suffered from the pandemic restrictions.

Sat, 16 Jan 2021 09:35:31 GMT

GM to invest C$1B in CAMI plant

General Motors Co together with Unifor labor unit announced on Friday that they would invest C$1B CAMI Assembly Plant to produce electric vans.

Sat, 16 Jan 2021 08:02:43 GMT

US retail sales continue to decline

As reported by the US Commerce Department on Friday, the US retail sales declined for a third consecutive month in December.

Sat, 16 Jan 2021 07:03:56 GMT

Goldman to take over GM credit card business

Goldman Sachs Group will be the issuer for General Motors Co's credit card portfolio, both companies said in a statement on Friday.

Sat, 16 Jan 2021 06:02:43 GMT

France vetos $20B Canada's Carrefour takeover

Shares of France's retailer Carrefour declined by 4.5% on Friday after the French government vetoed a potential $20 billion takeover of Carrefour by the Canadian Alimentation Couche-Tard.

Sat, 16 Jan 2021 05:21:48 GMT

Britain's economy declines in November

The United Kingdom economy declined by 2.6% in November, as the country went into a new COVID-19 lockdown, official data showed on Friday.

Sat, 16 Jan 2021 03:49:09 GMT

France's Total quits top US oil and gas lobby

On Friday, the French oil and gas company Total said that it would not renew its 2021 membership with the US American Petroleum Institute over the lobby's climate policies.

Fri, 15 Jan 2021 22:26:15 GMT

US sanctions Iranian individuals and entities

On Friday, the US Secretary of State Mike Pompeo announced that the United States had imposed fresh sanctions against two Iranian individuals and seven entities.

Fri, 15 Jan 2021 20:58:53 GMT

US stocks extend losses

On Friday, Wall Street's main indexes continued to decline. The Dow Jones Industrial Average fell by 233.38 points at 10:40 a.m. ET, while the S&P 500 lost 28.29 points or 0.75%.

Fri, 15 Jan 2021 20:02:14 GMT

Dutch government resigns

The Dutch government has resigned over a child welfare benefits scandal, Prime Minister Mark Rutte announced on Friday.

Fri, 15 Jan 2021 18:43:25 GMT

Amazon Web opens office in Greece

On Friday, Amazon Web Services opened the first office located in Greece, aiming to back the growing number of public sector agencies and firms using Amazon's cloud services.

Fri, 15 Jan 2021 17:41:27 GMT

US retail sales drop again last month

US retail sales tumbled for the third consecutive month in December due to job losses and new restrictions introduced to lower the coronavirus spread in the country.

Fri, 15 Jan 2021 16:42:42 GMT

JPMorgan profit soars 42% in Q4

JPMorgan Chase posted a better-than-expected 42% surge in its Q4 profit on Friday, boosted by the reserves release the lender had built up for the coronavirus-related loan losses.

Fri, 15 Jan 2021 15:52:21 GMT

Wells Fargo Q4 profit tops Wall Street forecasts

On Friday, Wells Fargo reported its quarterly profit topped Wall Street's outlook, as credit costs fell and offset the hurt from low-interest rates that were meant to uphold the devastating economy amid the coronavirus pandemic.

Fri, 15 Jan 2021 15:35:32 GMT

Citigroup Q4 profit tops estimates

On Friday, Citigroup posted a 7% drop in its Q4 profit; however beating Wall Street expectations, as a rebounding economic outlook allowed the bank to release the cash previously deemed for bad loans.

Fri, 15 Jan 2021 14:36:51 GMT

Virgin Atlantic closes $230M two 787s sale and leaseback

On Friday, UK airline Virgin Atlantic stated it had finalised its leaseback and sale of two Boeing's 787 aircraft, as planemaker seeks to boost its balance sheet.

Fri, 15 Jan 2021 13:35:37 GMT

Google eliminates lending apps in India

Alphabet's Google removed several lending apps from its Play Store in India to protect consumers, the company announced on Thursday.

Fri, 15 Jan 2021 12:37:35 GMT

Samsung rolls out new Galaxy S smartphone

On Thursday, Samsung Electronics revealed its new flagship Galaxy S smartphone, over a month earlier than the company's usual schedule for the annual phone release.

Fri, 15 Jan 2021 10:43:16 GMT

Oil prices decline on Friday

During Friday's European trading hours, crude oil price benchmarks declined, as a decrease in demand in China was expected.

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