News

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Fri, 18 Dec 2020 14:05:11 GMT

Lockheed to assist Japan with stealth fighter

Lockheed Martin will assist Japan with building new stealth fighter deemed for the country's air force by the mid-2030s, according to Reuters.

Fri, 18 Dec 2020 12:55:05 GMT

Gucci to open stores on Alibaba's e-commerce site

Gucci has joined Alibaba to open flagship stores on its online luxury e-commerce platform, as the fashion label seeks to lure more Chinese customers to reverse its revenue drop amid the coronavirus pandemic.

Fri, 18 Dec 2020 11:57:30 GMT

Unilever to relaunch ads on Facebook, Twitter

Unilever is planning to resume its advertising on the US social media platforms, such as Twitter, Facebook and Instagram, following the six-month-long pause amid hate speech and divisiveness during the US election period.

Fri, 18 Dec 2020 11:10:13 GMT

Tesla preps to enter S&P 500

Tesla prepares to formally enter the S&P 500 on Monday, as its shares are up almost 700% during the last year, marking the meteoric rise and turning the company into the most highly-valued carmaker in the world.

Fri, 18 Dec 2020 10:38:01 GMT

Blue Origin to deliver new rocket engines in 2021

Blue Origin is expected to deliver шеы first flight-ready rocket engines already next summer, the United Launch Alliance's CEO stated on Friday.

Fri, 18 Dec 2020 08:46:59 GMT

Microsoft warns of malicious software

A malicious software was found in Microsoft's systems, the company reported, linked to the massive hacking campaign that had been disclosed by US officials earlier this week.

Fri, 18 Dec 2020 07:59:13 GMT

Biogen to pay $22M in settlement

Biogen will pay $22M to settle the US probe into allegations over illegal drug charity kickbacks, according to the Reuters report.

Fri, 18 Dec 2020 07:07:52 GMT

Twitter to create new bot accounts

Twitter is set to create a label for bot accounts in 2021 that will identify such bots as automated, finalising the company's plans to reboot its verification programme.

Fri, 18 Dec 2020 05:47:14 GMT

Huawei to set up French network equipment plant

China's Huawei is planning an investment worth €200M to build a phone network equipment plant in France that would initially employ as many as 300 people.

Fri, 18 Dec 2020 04:50:27 GMT

Coca-Cola to trim over 2K jobs globally

Coca-Cola is planning to cut as much as 2,200 job positions around the world, including 1,200 jobs in the United States, amid its business restructuring triggered by the coronavirus-related economic fallout.

Fri, 18 Dec 2020 03:52:55 GMT

FedEx profit surges on rate hikes

The US delivery company FedEx reported its quarterly profit nearly doubled on spiking volume and rate hikes that helped reduce the company's cost of delivering e-commerce purchases during the pandemic.

Thu, 17 Dec 2020 22:48:26 GMT

Alphabet's Verily attracts $700M in funding

Verily Life Sciences, Alphabet's life sciences unit, has raised $700M in its round of funding from investors including Temasek, Silver Lake and Alphabet, amid its commercial businesses expansion.

Thu, 17 Dec 2020 17:29:44 GMT

Walmart ties up with TikTok

Walmart announced on Thursday it had partnered with TikTok to sell its merchandise during live streams launched by creators and is considering an investment into the Chinese video-sharing app.

Thu, 17 Dec 2020 16:24:26 GMT

Novartis takes over Cadent in $770M

On Thursday, Novartis stated it was set to acquire Cadent, the US neuroscience company, for about $770M, gaining full control over the Cadent's portfolio.

Thu, 17 Dec 2020 15:37:43 GMT

Germany's Spryker attracts over $130M

Spryker, the German business software maker, raised over $130M in its round of financing led by the US investment company TCV, seeking for expansion in international markets.

Thu, 17 Dec 2020 13:41:59 GMT

Japanese govt plans $1.03 trln budget

Japan's government is planning the record-high budget worth $1.03 trillion for the following fiscal year, bolstered by its COVID-19 response as well as rising military and welfare spending, Reuters reported on Thursday.

Thu, 17 Dec 2020 12:53:31 GMT

Toshiba's top investor seeks emergency meeting

Toshiba's largest investor urged to hold an emergency meeting among shareholders to investigate the Japanese company's annual general meeting that took place in July at which some shareholders' voting rights were potentially compromised.

Thu, 17 Dec 2020 12:10:09 GMT

Germany's N26 views more fundraising

Germany's fintech N26, which had been valued at $3.6B in its fundraising held in May, is seeking more financing round ahead of its initial public offering in 2023.

Thu, 17 Dec 2020 10:45:50 GMT

US states sue Google and Facebook

On Thursday, it was revealed that Texas and nine other US states were suing Google and Facebook for breaking antitrust laws.

Thu, 17 Dec 2020 09:54:00 GMT

GoCardless attracts $95M in funding

GoCardless, the UK digital payments firm, raised $95M in the Bain Capital Ventures-led round of funding, seeking to invest in its open banking strategy.

Thu, 17 Dec 2020 09:07:48 GMT

Nokia appoints new strategy and technology head

On Thursday, Nokia has appointed Nishant Batra as its new chief strategy and technology officer as well as the group leadership team's member, effective January 18, 2021.

Thu, 17 Dec 2020 07:41:46 GMT

Boeing aims to relaunch 737 MAX

Boeing has started to hire around 160 new pilots as the company seeks to relaunch its 737 MAX jets, following a 20-month-long safety ban.

Thu, 17 Dec 2020 06:02:00 GMT

Citigroup urges Revlon payment return

Citigroup attempted to persuade the federal judge to force Revlon Inc lenders to return half a billion dollars of its own money, which it mistakenly sent them.

Thu, 17 Dec 2020 05:27:34 GMT

Motional, Lyft to launch robotaxi service

Lyft and Motional, the JV between Aptiv and Hyundai, are set to launch a multi-city robotaxi service in the US in 2023.

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