News

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Wed, 12 May 2021 16:00:08 GMT

Lyft, Uber want more public subsidies for EVs

On Wednesday, Lyft and Uber ride-sharing platforms called for more public subsidies to meet with the proposed rules by California's CARB, mandating electric vehicles account for 90% of ride-hailing service.

Wed, 12 May 2021 15:00:07 GMT

Wall Street's main indexes edge lower

US stocks edged lower on Wednesday. The Dow e-minis were down by 136 points or 0.40%, the S&P 500 e-minis declined by 0.69%, while the Nasdaq 100 e-minis fell by 172.5 points or 1.29% at 8:43 a.m. ET.

Wed, 12 May 2021 14:00:07 GMT

US to exclude Xiaomi from blacklist

The US Defense Department is set to remove China's tech giant Xiaomi Corp from the government blacklist, according to a court filing published on Wednesday.

Wed, 12 May 2021 12:52:57 GMT

USD surges due to CPI

On Wednesday, the US Bureau of Labor Statistics published the monthly Consumer Price Index and Core Consumer Price Index numbers. CPI was 0.8% instead of 0.2% and Core CPI was at 0.9% instead of 0.3%.

Wed, 12 May 2021 12:12:11 GMT

BMW to unveil new SUV in 2022

Germany's carmaker BMW is planning to roll out a fuel cell model sports utility vehicle of limited series in 2022 as it keeps searching for zero-emission alternatives to the battery-electric vehicles.

Wed, 12 May 2021 11:06:12 GMT

Just Eat Takeaway enters German market

On Wednesday, Just Eat Takeaway.com announced the further launch of its grocery delivery service in German, as well as plans to introduce the service to other markets.

Wed, 12 May 2021 10:00:14 GMT

French court judges Air France and Airbus

On Wednesday, a French court ruled that Airbus and Air France would stand trial over a crash in 2009, which caused the death of 228 people.

Wed, 12 May 2021 09:00:08 GMT

SoftBank posts $37B Vision Fund profit

On Wednesday, SoftBank Group reported a $36.99B profit at the Vision Fund unit in the Q4, following a gain on Coupang investment, underscoring the firm's recover after its record loss last year.

Wed, 12 May 2021 08:00:06 GMT

Samsung eyes appliances boom to last longer

Samsung electronics is expecting a pandemic-caused boom in sales of home appliance extending its run to the rest of the current year due to prolonged travel and other coronavirus-related restrictions.

Wed, 12 May 2021 06:43:28 GMT

YouTube to pay $100M for Shorts tool promotion

Alphabet YouTube is set to launch a $100M fund for content creators for making top videos on the company's new short-form video tool Shorts, as it seeks to lure more influencers.

Wed, 12 May 2021 06:21:12 GMT

GBP reacts to GDP data

On Wednesday, at 06:00 GMT, the UK Preliminary GDP data was released. The results came in at -1.5% instead of the market forecast -1.6%. Due to this reason, the value of the British Pound adjusted to the upside.

Wed, 12 May 2021 05:00:07 GMT

Airbus sets for 18% output increase

According to sources with knowledge of the matter, Airbus has told suppliers to plan for an 18% hike in A320 production in 2022.

Wed, 12 May 2021 04:00:06 GMT

Dell's CEO comments on chip shortage

On Tuesday, the Chief Executive Officer of Dell Technologies Michael Dell said that the shortage of semiconductor is likely to last for a few years.

Wed, 12 May 2021 03:00:07 GMT

US gasoline supplies tighten

On Tuesday, gasoline supplies in some parts of the United States tightened further, as the shutdown of the Colonial Pipeline entered the fifth day.

Wed, 12 May 2021 01:21:08 GMT

Wall Street's main indexes edge lower

US stocks edged lower on Tuesday. The Dow Jones Industrial Average fell by 259.99 points or 0.75%, the S&P 500 declined by 0.72%, while the Nasdaq Composite lost 88.84 points or 0.66%.

Tue, 11 May 2021 20:00:07 GMT

L Brands to spin off VS

L Brands announced its plans to spin off Victoria's Secret business into a standalone company, as it would give more value to shareholders compared to a sale.

Tue, 11 May 2021 19:00:06 GMT

Palantir starts accepting bitcoin

The US analytics company Palantir Technologies Inc announced that it started accepting payment from customers in bitcoin and was also viewing investing in cryptocurrencies.

Tue, 11 May 2021 18:00:07 GMT

EBay allows to sell NFT on platform

Ebay Inc announced its decision to allow the sale of NFT for digital collectables like images, video clips or trading cards on its platform.

Tue, 11 May 2021 17:16:58 GMT

Biden to visit Ford's EV factory in Michigan

The US President Joe Biden is expected to visit a Ford Motor electric car production facility in Michigan on Tuesday next week after he supported a $174B government boost for EVs and charging stations.

Tue, 11 May 2021 16:00:07 GMT

Renault, Nissan in talks over savings

The Japanese carmaker Nissan and its French alliance partner Renault have entered talks over more collaboration to improve their savings that could be derived from the same battery tech usage.

Tue, 11 May 2021 15:00:08 GMT

Tesla halts plans for Shanghai land

Tesla, the US electric automaker, halted its plans for purchasing land in China for the Shanghai plant expansion and turning it into an international export hub due to severe US-China tensions.

Tue, 11 May 2021 14:00:10 GMT

Takeda considers doubling Moderna shots

On Tuesday, Takeda Pharmaceutical said it was considering doubling Moderna's COVID-19 vaccine imports in its efforts to aid Japan to accelerate the inoculation in the country.

Tue, 11 May 2021 12:46:37 GMT

Airbus prepares for 18% production hike

Europe's Airbus has told its top suppliers to prepare for an 18% surge in the production of its A320-family jetliner in 2022, as carriers seek to return to normal travel.

Tue, 11 May 2021 11:42:47 GMT

Google Pay rolls out global money transfers

Alphabet's Google has introduced international money transfers with the remittances companies Western Union and Wise to its US payment app's users, according to the statement made on Tuesday.

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