News

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Sat, 01 May 2021 19:29:25 GMT

VW sees chip supply to stay tight

Volkswagen stated on Saturday it was expecting semiconductor supplies to remain tight within the coming months, adding the carmaker was unable to manufacture 100K vehicles due to the shortage.

Sat, 01 May 2021 18:31:39 GMT

China's home prices rise in April

China's new home prices climbed 0.23% for the second consecutive month in April, driven by strong demand in smaller cities due to the tapered off strength in housing market in major centres amid tougher restrictions.

Sat, 01 May 2021 17:04:15 GMT

US consumer spending rise in March

The United States reported a rebound in its consumer spending in March due to an income surge, after households received extra money relief due to COVID-19 pandemic.

Sat, 01 May 2021 16:25:28 GMT

Exxon beats earnings forecast

Exxon Mobil beat Wall Street analysts' forecasts for its quarterly earnings, driven by robust chemicals margins and higher oil prices.

Sat, 01 May 2021 15:01:45 GMT

VW expects chips shortage

Volkswagen stated on Saturday that interruptions of chips supply are expected to continue in coming months.

Sat, 01 May 2021 13:00:27 GMT

GM to clean up its operations

Among the goals that General Motors Co plans to achieve by 2035 is cleaning up of its own operations, the company stated on Friday.

Sat, 01 May 2021 12:00:10 GMT

Apple faces antitrust charges

On Friday, European regulators accused Apple Inc of breaking competition rules in the market of music streaming.

Sat, 01 May 2021 11:08:50 GMT

Aeromexico to buy twenty planes

Aeromexico Group stated on Friday that the US bankruptcy court had granted permission to acquire nearly 20 planes from Boeing.

Sat, 01 May 2021 10:38:27 GMT

Court fines 3M

On Friday, the US court ordered 3M Co to pay $2.1M in punitive damages to three military veterans.

Sat, 01 May 2021 09:36:34 GMT

Bitcoin rises to $57K

Price of the most popular cryptocurrency, Bitcoin, increased 6.54% or $3504.11 to $57098.08.

Sat, 01 May 2021 08:22:40 GMT

Exxon reports profit

On Friday, Exxon Mobil Corp reported its first profit in more than a year and positively revised estimates of its upcoming quarterly earnings.

Sat, 01 May 2021 07:21:55 GMT

S. Korea business sentiment rises

The South Korean business sentiment improved in April, data published by the Bank of Korea show.

Sat, 01 May 2021 06:00:07 GMT

ADB: Cambodia economy to expand 4% in 2021

The economy of Cambodia is expected to expand 4% in 2021 and 5.5% in 2022, a report published by the Asian Development Bank shows.

Sat, 01 May 2021 05:00:09 GMT

Putin: Nord Stream 2 "purely economic"

The Nord Stream 2 pipeline between Russia and Germany is a "purely economic project," the Russian President Vladimir Putin says.

Sat, 01 May 2021 04:00:07 GMT

German BASF doubles net income

The German chemical giant BASF almost doubled its net income to €1.7B in the first quarter of 2021, compared to the prior year, a statement published by the company shows.

Sat, 01 May 2021 03:00:07 GMT

EAC countries record $4.8B loss in tourism

Six member states of the East African Community lost around $4.8B in international tourism income amid the COVID-19 pandemic in 2020, a study shows.

Fri, 30 Apr 2021 22:39:26 GMT

Volkswagen to invest €14B in decarbonization

The German carmaker Volkswagen plans to invest €14B in decarbonization by 2025, the chief executive officer of the Volkswagen Passenger Cars says.

Fri, 30 Apr 2021 20:00:05 GMT

China non-manufacturing PMI declines

The purchasing managers' index for China's non-manufacturing sector declined to 54.9 in April from 56.3 in March, the National Bureau of Statistics reports.

Fri, 30 Apr 2021 19:00:08 GMT

S. Korea industrial output expands

South Korea's industrial output expanded for two consecutive months in March, data published by the Statistics Korea show.

Fri, 30 Apr 2021 18:00:07 GMT

Italy approves €222B recovery plan

Italy approved a post-pandemic recovery plan worth €222B, a statement published by Prime Minister Mario Draghi's cabinet shows.

Fri, 30 Apr 2021 16:46:37 GMT

Turkey approves use of Sputnik V vaccine

Turkey approved the emergency use of Russia's Sputnik V COVID-19 vaccine, the Turkish Health Minister Fahrettin Koca says.

Fri, 30 Apr 2021 16:19:44 GMT

Turkey tourism revenue declines

Turkey's tourism revenue declined 40.2% in the first quarter of 2021, compared to the same period in 2020, the Turkish Statistical Institute reports.

Fri, 30 Apr 2021 15:21:04 GMT

Portugal economy contracts

The economy of Portugal contracted 5.4% in the first quarter of 2021, compared to the same period in 2020, data published by the National Statistics Institute show.

Fri, 30 Apr 2021 13:51:20 GMT

Exxon beats earnings forecasts

On Friday, Exxon Mobil reported it had beaten Wall Street's quarterly earnings expectations, driven by the rebound in oil prices and robust chemicals margins.

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