News

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Tue, 05 Jan 2021 20:58:51 GMT

GM: US auto sales up 4.8% in Q4

General Motors reported a 4.8% increase to 771K units in the US auto sales for the Q4, fuelled by demand for new cars during the coronavirus pandemic.

Tue, 05 Jan 2021 20:21:10 GMT

Crypto trading volumes reach $68.3B

Trading volumes at the main crypto exchanges hit a new daily record of $68.3B on Monday, research revealed on Tuesday.

Tue, 05 Jan 2021 18:46:58 GMT

EV sales at 54% of all cars sold in Norway

The sale of electric vehicles in Norway reached 54.4% market share IN 2020, overtaking petrol, diesel and hybrid vehicles, with Volkswagen replacing Tesla as the top BEV producer.

Tue, 05 Jan 2021 17:56:44 GMT

Tokopedia, Gojek in $18B merger negotiations

Indonesian e-commerce leader Tokopedia and ride-hailing and payments firm Gojek were in talks about an $18B merger before a potential listing in the US and Jakarta.

Tue, 05 Jan 2021 17:06:41 GMT

Bentley reveals record sales amid China boost

Bentley revealed record sales of 11K vehicles in 2020 despite the factory closures during the lockdown in the UK, as demand in China soared by almost 50%.

Tue, 05 Jan 2021 15:47:50 GMT

Mondelez acquires snack maker Hu

Mondelez International Inc announced that it bought Hu Master Holdings, the healthy snack maker, as demand increased among consumers during the pandemic.

Tue, 05 Jan 2021 15:11:52 GMT

Amazon acquires 11 aircraft amid fleet expansion

On Tuesday, Amazon.com announced it had acquired 11 Boeing 767-300 planes, as it seeks to boost delivery with the expanded fleet.

Tue, 05 Jan 2021 14:21:56 GMT

Honda suspends car output in Britain

Japan's Honda is halting its UK output for two days, starting Tuesday, amid delays in global supply, the carmaker announced earlier this day.

Tue, 05 Jan 2021 13:29:27 GMT

Qualcomm appoints new CEO

On Tuesday, the chipmaker Qualcomm announced it had appointed Cristiano Amon as the company's new chief executive officer, succeeding Steven Mollenkopf.

Tue, 05 Jan 2021 12:09:14 GMT

Airbus tops 560-plane delivery target for 2020

Airbus beat its 2020 goal by delivering over 560 aircraft, airline industry sources and tracking data showed on Tuesday.

Tue, 05 Jan 2021 10:41:43 GMT

UK subsidizes firms

On Tuesday, the government of the United Kingdom announced a 4.6 billion pound stimulus package for struggling businesses.

Tue, 05 Jan 2021 09:48:05 GMT

Alibaba to close Xiami music app

China's Alibaba Group is planning to shut down Xiami Music, its music streaming service, next month, marking its step back from intentions to push into the Chinese entertainment industry.

Tue, 05 Jan 2021 09:37:27 GMT

Gojek, Tokopedia consider $18B merger

Gojek, Indonesia's ride-hailing and payment company, has entered the advanced talks with the e-commerce leader Tokopedia over a potential a $18B merger deal.

Tue, 05 Jan 2021 08:34:10 GMT

FCA, Peugeot get approval for merger

PSA Group and Fiat Chrysler have been granted an approval by investors for the planned $52B merger deal to establish the fourth biggest automaker in the world, while new company's shares would start trading as soon as in two weeks.

Tue, 05 Jan 2021 07:37:21 GMT

Google workers establish small union

Over 200 Google workers formed a labour union on Monday for the Canadian and US offices, expecting more protests regarding business practices and working conditions.

Tue, 05 Jan 2021 05:41:10 GMT

Charles Evans comments on policy

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that the current US economic policy was well positioned.

Tue, 05 Jan 2021 04:41:53 GMT

Federal Reserve expects recovery

On Monday, the President of the Chicago Federal Reserve Charles Evans stated that the Fed expects to observe market recovery dynamics in spring.

Tue, 05 Jan 2021 04:31:28 GMT

Crude oil prices drop

During Monday's US trading hours, crude oil prices declined by almost 2%, as a broader asset sell off occurred.

Mon, 04 Jan 2021 22:34:47 GMT

US markets decline on Monday

At the start of this year's trading, the US stock market declined after a higher opening, as most indices suffered 2% losses.

Mon, 04 Jan 2021 21:01:10 GMT

Israel unemployment declines

The number of unemployed people in Israel declined to around 565,000 from around 938,000 unemployed in mid October 2020, the Central Bureau of Statistics reports.

Mon, 04 Jan 2021 20:00:51 GMT

Singapore manufacturing PMI rises

Singapore's purchasing managers' index increased slightly to 50.5 in December from 50.4 in November, data published by the Singapore Institute of Purchasing and Materials Management show.

Mon, 04 Jan 2021 18:45:02 GMT

Jordan economy to grow 2.5% in 2021

The economy of Jordan is expected to expand 2.5% in 2021 following a 3% contraction in 2020, a statement published by the Prime Minister Bisher Khasawneh shows.

Mon, 04 Jan 2021 18:09:51 GMT

Singapore economy contracts in 2020

The economy of Singapore contracted 5.8% in 2020, compared to the previous year, data published by the Ministry of Trade and Industry show.

Mon, 04 Jan 2021 17:11:11 GMT

S. Korea exports rise

Exports from S. Korea increased 12.6% to $51.41B in December, compared to the same period the previous year, a report published by the government shows.

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