News

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Fri, 20 Nov 2020 14:20:43 GMT

Daimler, Geely consider China as output hub

On Friday, Daimler and Geely Holding stated they were considering China as their production and export hub for the hybrid powertrains jointly manufactured for Mercedes-Benz and Volvo cars.

Fri, 20 Nov 2020 12:55:19 GMT

UK, EU make better progress on Brexit

Britain and the European Union are reaching the progress in Brexit talks, the EU CEO Ursula von der Leyen stated on Friday.

Fri, 20 Nov 2020 10:42:19 GMT

European stock prices surge

During Friday's European trading hours, stock indices moved higher, as gains in retail and commodity sectors pushed the market up.

Fri, 20 Nov 2020 10:30:29 GMT

Astanor attracts $325M fund for investment

On Friday, Astanor Ventures stated it had attracted a $325M fund, as it plans to invest in ocean, sustainable food and agriculture technology start-ups.

Fri, 20 Nov 2020 09:04:53 GMT

Zalando sees growth acceleration next year

Germany's fashion e-tailer Zalando is expecting growth accelerating in 2021 after it struggled to meet a rise in demand during the pandemic's early stages, according to the CFO David Schroeder's statement.

Fri, 20 Nov 2020 08:37:37 GMT

Hungary views EU recovery plan

On Friday, Hungary's Prime Minister stated that a dispute on the EU's recovery budget and fund would be resolved eventually, as Poland expected to demand a "compromise" regarding the deal.

Fri, 20 Nov 2020 06:53:35 GMT

Iliad is open to agreement with Orange

Iliad, the French telecoms company, is open to a potential mobile network-sharing deal with Orange to reduce the 5G technology's deployment costs, its CEO stated.

Fri, 20 Nov 2020 06:21:13 GMT

Amazon France to delay 'Black Friday' operations

Amazon France announced it had would delay the "Black Friday" shopping sales in the country to December 4, joining the list of other retailers who were postponing the event due to a nationwide lockdown.

Fri, 20 Nov 2020 05:21:32 GMT

ABB unit attracts interest from potential bidders

ABB's Dodge, the clutch and transmission producer, had attracted interest from industry buyers ahead of the Swiss engineering form's announcement it was withdrawing from the business, Reuters reported.

Fri, 20 Nov 2020 04:29:15 GMT

BuzzFeed buys Verizon Media's HuffPost

BuzzFeed announced on Thursday it had acquired news website HuffPost previously owned by Verizon Communications, not disclosing the financial terms of the deal.

Fri, 20 Nov 2020 01:29:08 GMT

Verizon, Apple tie up over phone swap

Apple and Verizon Communications launched a programme in which Verizon is set to subsidise the corporate customers' smartphones replacement with Apple's iPhone 12 model range.

Thu, 19 Nov 2020 20:45:51 GMT

Frasers ups stake in Mulberry to 37%

Mike Ashley's Frasers increased stake in Mulberry to almost 37% and could make a bid for the UK luxury brand, it stated on Thursday.

Thu, 19 Nov 2020 19:45:44 GMT

Vodafone strikes deal with Sumitomo

UK's Vodafone Group and Japan's Sumitomo Corp are set to collaborate on digital services and international technology infrastructure projects, the companies stated.

Thu, 19 Nov 2020 18:48:40 GMT

GM increases EV spending to $27B

General Motors announced that it boosted spending on electric cars 35% to more than $27B and outlined plans to increase battery production.

Thu, 19 Nov 2020 18:04:59 GMT

EU to impose extra sanctions on Belarus

EU Foreign Ministers agreed to proceed with the next round of sanctions over Belarus, Belarusian firms, responding to state repression of protests.

Thu, 19 Nov 2020 17:09:43 GMT

Carlyle closes $95M financing for Zippy Shell

Carlyle Group stated that it completed a $95M funding for Zippy Shell, one of the biggest moving-and-storage service providers in the US.

Thu, 19 Nov 2020 15:50:05 GMT

Nasdaq to buy Verafin for $2.75B

Exchange operator Nasdaq stated that it would buy Verafin, the anti-financial crime software company, for $2.75B in cash.

Thu, 19 Nov 2020 14:59:30 GMT

Daimler to lift Mercedes-Benz Maybach car sales

On Thursday, Germany's luxury carmaker Daimler announced its plans to double the sales of the company's Maybach-branded Mercedes-Benz cars, after reporting 12K vehicle sales last year.

Thu, 19 Nov 2020 14:23:26 GMT

US weekly jobless claims surge abruptly

The number of US citizens filing their claims for unemployment benefits surged unexpectedly last week following new layoffs and slow labour market recovery due to the coronavirus pandemic.

Thu, 19 Nov 2020 13:36:36 GMT

Macy's posts 20% drop in comparable sales

On Thursday, Macy's posted over 20% fall in its quarterly comparable sales, expecting a decline in the whole fall season, and marking a tough holiday period for the company.

Thu, 19 Nov 2020 11:48:51 GMT

Google relaunches Pay app

Alphabet's Google redesigned its US payments app by implementing paid promotions to its service, as well as opening the waitlist for Citigroup bank accounts, which are set to be launched in 2021.

Thu, 19 Nov 2020 10:56:19 GMT

UBS pays out dividend

On Thursday, UBS announced that it would be paying out its 2019 dividend in full amount. The bank is the first one in the sector to do so.

Thu, 19 Nov 2020 09:49:52 GMT

Japan to strat trials on issuing digital yen

Over 30 major Japanese companies are set to launch experiments in 2021 towards issuing a private digital currency, seeking to promote digitalisation, group's official stated on Thursday.

Thu, 19 Nov 2020 08:43:32 GMT

Tesla stocks continue to rise

Shares of Tesla surged more than 10%, extending its rally after the announcement that the electric carmaker is set to join the S&P 500.

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