News

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Fri, 08 Jan 2021 08:57:57 GMT

Tesla shares beat Facebook's in heavy trading

Tesla's stock surged to its record high, outpacing Facebook's market value, in huge trading on Thursday, Reuters reported.

Fri, 08 Jan 2021 07:52:31 GMT

Boeing to pay $2.5B in 737 MAX crashes settlement

Boeing is set to pay over $2.5B in compensation and fines as part of its settlement with the US Justice Department regarding two aircraft crashes that took lives of 346 people and caused the 737 MAX jetliner groundings across the world.

Fri, 08 Jan 2021 06:47:04 GMT

New EU lockdowns weigh on fuel demand recovery

New lockdowns across Europe to‮‮ ‬‬fight another surge in coronavirus cases‮‮ ‬‬affected fuel sales, weakening the recovery outlook for energy demand in the 2021's first half.

Fri, 08 Jan 2021 05:52:54 GMT

FTSE Russell, MSCI cut China's telecom firms

Global index providers FTSE Russell and MSCI Inc stated they would exclude three Chinese telecom firms from their benchmarks in response to the US investment ban.

Fri, 08 Jan 2021 04:59:15 GMT

Hyundai in early talks with Apple

Hyundai Motor stated that it was in unspecified talks with Apple after a broadcaster said the companies discussed an EV and battery tie-up, sending Hyundai shares up.

Fri, 08 Jan 2021 04:32:01 GMT

China's Baidu to establish smart EV company

China's leading search engine Baidu is set to form a company to make smart EV with production at Geely-owned plants, sources said.

Thu, 07 Jan 2021 21:48:06 GMT

PayPal backs tech startup Taxbit

PayPal's venture arm invested in startup Taxbit that helps businesses and consumers to calculate the taxes owed on cryptocurrency holdings.

Thu, 07 Jan 2021 20:43:54 GMT

Atos confirms $10B bid approach for DXC

France's Atos confirmed that it made a $10B bid approach for the US rival DXC in what is expected to be the IT consulting group's largest acquisition.

Thu, 07 Jan 2021 20:03:08 GMT

Quantum Metric adds $200M to its value

Quantum Metric, the provider of customer analytics tools for online businesses, announced that it raised $200M in the latest funding round, which valued the company at over $1B.

Thu, 07 Jan 2021 18:47:11 GMT

MT Global fined $32M over AML breaches

The UK tax authority slapped a $32.4M fine over private money services company MT Global Ltd for substantial breaches of AML regulations.

Thu, 07 Jan 2021 17:45:41 GMT

Delivery Hero receives €1.2B by share issue

Delivery Hero raised nearly €1.2B through issuing new shares to institutional investors to fund growth, the online takeaway food firm stated.

Thu, 07 Jan 2021 17:27:13 GMT

Toyota's Chinese sales up 11%

Toyota Motor sold 1.8M cars last year in China, up 11% from the prior year, narrowing the gap with GM and Volkswagen in the world's largest car market.

Thu, 07 Jan 2021 15:48:19 GMT

Fujifilm to invest $2B in US production site

Fujifilm Holdings announced that it will invest $2B to build a large-scale cell culture production site in the US.

Thu, 07 Jan 2021 15:24:03 GMT

Mercedes unveils new wide screen display

On Thursday, Daimler revealed its new "Hyperscreen" wide display, saying it will cover nearly the entire dashboard in the luxury Mercedes-Benz models.

Thu, 07 Jan 2021 13:55:14 GMT

LafargeHolcim to acquire Firestone for $3.4B

On Thursday, the world's largest cement maker LafargeHolcim stated it had agreed to a $3.4B deal to acquire Bridgestone's Firestone Building Products, its largest acquisition in over a decade.

Thu, 07 Jan 2021 12:53:20 GMT

CureVac ties up with Bayer over vaccine

Germany's biotech company CureVac has agreed on an alliance with Bayer to get regulatory approval for the experimental COVID-19 vaccine to start distributing doses, both firms announced on Thursday.

Thu, 07 Jan 2021 12:10:52 GMT

Ryanair trims annual traffic target

On Thursday, Ryanair has cut its annual traffic outlook by about 5M passengers, blaming fresh lockdowns in Ireland and Britain, the airline stated.

Thu, 07 Jan 2021 10:32:06 GMT

Volvo posts sales rise

On Thursday, Volvo Cars revealed that car sales had risen by 6% in December and the company had experienced the best second half of a year.

Thu, 07 Jan 2021 10:14:31 GMT

US lawmakers reject election results objection

On Thursday, the majority of the US House of Representatives rejected a move by the President Donald Trump's allies to declare the Pennsylvania electoral votes for the US Democrat Joe Biden invalidated.

Thu, 07 Jan 2021 08:41:29 GMT

UK regulator to probe Nvidia-Arm deal

UK competition watchdog is set to launch a probe into Nvidia's $40B takeover of Arm Holdings, the British chip designer.

Thu, 07 Jan 2021 08:07:08 GMT

Trump's backers storm US Capitol

On Wednesday, hundreds supporters of the President Donald Trump stormed the US Capitol, seeking to overturn Trump's election defeat, Reuters reported, with the chaos causing fours deaths and 52 people arrested.

Thu, 07 Jan 2021 06:47:33 GMT

Comcast appoints new Sky CEO

Comcast Corp has appointed Dana Strong as Sky Group's new CEO to replace Jeremy Darroch after he steps down from the role.

Thu, 07 Jan 2021 05:52:38 GMT

Alibaba seeks raising $5B bond this month

China's Alibaba Group is planning to attract at least $5B via the US dollar-denominated bond sale this month due to regulatory scrutiny related to the co-founder Jack Ma's empire.

Thu, 07 Jan 2021 04:46:09 GMT

Amazon.com to build homes for $2.0B

Amazon.com is planning to spend $2.0B to build 20K affordable housing units in US regions near its three major offices.

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