News

Note: This section contains information in English only.
Wed, 02 Dec 2020 11:50:39 GMT

Euro zone PPI rises last month

The Euro zone's producer price index surged more than anticipated month-over-month in October, while unemployment dropped due to the economic recovery before the coronavirus second wave struck.

Wed, 02 Dec 2020 11:03:02 GMT

Nissan to establish new business unit

Nissan Motor, the Japanese automotive group, is setting up a new business unit for the African region, seeking to bolster the production capacity as well as expand in the world's largest undeveloped new vehicle market.

Wed, 02 Dec 2020 10:11:41 GMT

Airbnb seeks $35B valuation in IPO

Airbnb is seeking a valuation worth up to $34.8B in its long-awaited initial public offering, hoping for the business recovery after the coronavirus crisis earlier this year.

Wed, 02 Dec 2020 09:21:07 GMT

Asian shares rise on US stimulus hopes

On Wednesday, Asian shares bounced following Wall Street's strong lead, driven by hopes for extra US economic stimulus as well as the coronavirus vaccine.

Wed, 02 Dec 2020 07:41:31 GMT

Hyundai to roll out EV platform in 2021

On Wednesday, Hyundai Motor Group announced it would launch an electric car-only platform at the start of 2021 that would use its own-developed battery technology to trim production costs and time.

Wed, 02 Dec 2020 06:57:44 GMT

Salesforce to acquire Slack for $27.7B

Salesforce.com is set to acquire Slack Technologies, the workplace messaging app, in a $27.7B worth deal, the largest acquisition made by the cloud-computing company as it aims at the remote working extension.

Wed, 02 Dec 2020 06:08:21 GMT

Australian GDP rebounds in Q3

According to figures released by the Australian Bureau of Statistics on Wednesday, Australia's gross domestic product rose by 3.3% in the third quarter.

Wed, 02 Dec 2020 05:04:51 GMT

ConocoPhillips to lay off about 500 workers

ConocoPhillips, America's largest independent oil producer announced on Tuesday that it would layoff about 500 of its Houston employees.

Wed, 02 Dec 2020 04:05:02 GMT

Chile plans to seal free-trade accord with EU

Chile plans to secure a modernised free trade agreement with the European Union by early 2021, the Chilean Deputy Minister of Trade Rodrigo Yanez said on Tuesday.

Wed, 02 Dec 2020 02:33:07 GMT

Nasdaq, S&P 500 hit record high

On Tuesday, the Nasdaq Composite and the S&P 500 surged to record highs, as coronavirus vaccine optimism lifted the US stocks.

Tue, 01 Dec 2020 20:48:19 GMT

Wizz Air seeks to expand in Norway

Wizz Air is set to expand in Norway to benefit from a shift towards domestic tourism caused by the coronavirus pandemic, the CEO stated.

Tue, 01 Dec 2020 19:45:45 GMT

HSBC raises stake in Saudi British Bank

HSBC purchased additional shares in Saudi British Bank, raising its shareholding in the Saudi lender from 29.2% to 31%, the bank stated.

Tue, 01 Dec 2020 18:48:54 GMT

Amazon, BlackBerry team up for car platform

Amazon and BlackBerry developed a cloud-based platform designed to help suppliers and automakers standardize card data and fasten deployment of new features and services.

Tue, 01 Dec 2020 17:58:35 GMT

Airbnb aims for almost $35B valuation in IPO

Airbnb announced its intention to get a nearly $35B valuation in the US IPO this year after the home rental company was ravaged by the coronavirus crisis.

Tue, 01 Dec 2020 16:46:29 GMT

Poste Italiane to receive €1.3B compensation

The European Commission authorised compensation of €1.3B to Poste Italiane granted by the Italian government to fulfil the firm's public service mission, a statement showed.

Tue, 01 Dec 2020 15:58:10 GMT

Jacobs Engineering buys stake in PA Consulting

Jacobs Engineering announced that it would buy a stake of 65% in PA Consulting, expecting the management consultancy company at a £1.83B enterprise value.

Tue, 01 Dec 2020 14:53:41 GMT

Fiat to electrify majority of its cars

Fiat Chrysler's brand Fiat is planning to electrify 60% of its vehicle models by the 2021-end, according to the EMEA Head Luca Napolitano statement made on Tuesday.

Tue, 01 Dec 2020 14:29:37 GMT

Wall Street to open higher in December

On Tuesday, Wall Street was set for a strong start on better-than-anticipated China's factory data and hopes for a launch of the COVID-19 vaccine.

Tue, 01 Dec 2020 12:56:40 GMT

Moderna files for EU authorisation of vaccine candidate

On Tuesday, the European Medicines Agency stated it had received an application from Moderma for its COVID-19 vaccine candidate's marketing authorisation.

Tue, 01 Dec 2020 12:28:20 GMT

Pfizer-BioNTech seek launching vaccine in December

Pfizer and BioNTech are seeking an EU emergency approval for their COVID-19 vaccine, as the companies plan to roll it out in Europe already this month.

Tue, 01 Dec 2020 10:40:48 GMT

OECD comments on global economy

On Tuesday, the OECD stated that the global economy was improving despite the second coronavirus wave.

Tue, 01 Dec 2020 10:20:12 GMT

Cyber Monday likely to hit US online sales record

Cyber Monday is likely to hit the all-time record high in the US online retail sales, gaining up to $11.4B on a higher demand for online shopping during the coronavirus pandemic.

Tue, 01 Dec 2020 08:53:24 GMT

Softbank acquires Sinch's 10.1% stake

Softbank-owned SB Management acquired a 10.1% stake of Sinch, Sweden's cloud computing services operator, purchasing stakes from its major shareholders as well as participating in the directed share issue.

Tue, 01 Dec 2020 07:45:13 GMT

Samsung may halt Galaxy Note range

Samsung Electronics may discontinue the premium Galaxy Note smartphone range in 2021, in a potential move that would affect the company with a sharp decline in demand for its high-end devices due to the COVID-19 pandemic.

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