News

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Thu, 01 Apr 2021 15:00:08 GMT

TSMC unveils plans to meet chip demand

On Thursday, TSMC, the contract chipmaker, stated it would make an investment worth $100B during the next three years to boost its plants' capacity in order to meet chip demand.

Thu, 01 Apr 2021 14:00:07 GMT

Ford, Mahindra end their collaboration

Ford Motor and Mahindra & Mahindra are set to end their collaboration on all projects in India due to the abandoned joint venture in the country.

Thu, 01 Apr 2021 13:00:08 GMT

Stellantis aims to triple EV sales in 2021

Stellantis is planning to triple global electric vehicle sales in the current year, according to a statement made by the head of its main shareholder Exor on Thursday.

Thu, 01 Apr 2021 12:20:51 GMT

UK's Next sees profit rebound

Next, the British fashion retailer, expects the 2021 profit bounce due to economic recovery following the COVID-19 pandemic last year.

Thu, 01 Apr 2021 11:18:19 GMT

VW to acquire Tesla's credits in China

Volkswagen's Chinese joint venture asset to acquire Tesla's green car credits to comply with the local environmental rules, according to a Reuters report published on Thursday.

Thu, 01 Apr 2021 10:20:35 GMT

Oil surges on Thursday

During Thursday's European trading hours, crude oil prices surged, as OPEC+ countries met during the day to discuss production cuts.

Thu, 01 Apr 2021 09:18:00 GMT

Microsoft signs $21.9B deal with US Army

Microsoft Corp won a $21.9B contract to supply the US Army with its HoloLens-based augmented reality headsets backed by Azure, the cloud computing services.

Thu, 01 Apr 2021 08:36:02 GMT

Mastercard to invest $100M in Airtel Africa's arm

On Thursday, Mastercard announced it would make a $100M investment in the mobile money unit of Airtel Africa, valuing the service at $2.65B.

Thu, 01 Apr 2021 05:00:08 GMT

Google Maps to suggest eco-friendly routes

Google's Maps app is expected to start directing drivers on routes estimated to cause the lowest carbon emissions based on slopes, traffic and other factors, the company stated.

Thu, 01 Apr 2021 04:00:08 GMT

Exxon Mobil expects better Q1 earnings

Exxon Mobil announced its expectations for rising Q1 results across its major businesses, with a minimum $2B increase from prices for gas and oil driving profits.

Thu, 01 Apr 2021 03:00:07 GMT

Coursera opens 18% above IPO price

Shares of Coursera, the online learning platform, opened 18% higher its the initial public offering price in the NYSE debut, valuing the firm at $5.08M.

Thu, 01 Apr 2021 02:00:17 GMT

Otrium gets $12M ahead of US launch

Otrium, the Amsterdam-based online outlet store, stated that it raised $120M from investors on its launch in the US, as it develops the platform for selling items left at the season end.

Wed, 31 Mar 2021 20:00:08 GMT

Google to add €25M to EU to fight fake news

Alphabet unit Google is set to contribute €25M to the new European Media and Information Fund to fight fake news, amid criticism that tech firms are not trying to cease online disinformation.

Wed, 31 Mar 2021 19:00:18 GMT

Volvo to consider IPO

Zhejiang Geely Holding Group announced that its Volvo Cars unit would explore capital market opportunities including a potential IPO and stock market listing.

Wed, 31 Mar 2021 18:00:06 GMT

Huawei profit up 3.2% in 2020

Huawei Technologies revealed modest net profit growth of 3.2% to $9.83B in 2020, compared to 5.6% rise a year earlier, as revenues declined due to the pandemic and the company's US ban.

Wed, 31 Mar 2021 16:53:14 GMT

Apple to build renewable energy storage

Apple is set to build a battery-based solar energy storage facility in California nearby energy installation, which already supplies all of its buildings in the state.

Wed, 31 Mar 2021 16:20:06 GMT

BMW, others sign up for deep-sea mining ban

Google, Samsung SDI, BMW and Volvo were the first global corporations to have signed up to a WWF call for a moratorium against deep-sea mining, the WWF stated.

Wed, 31 Mar 2021 15:23:59 GMT

CD Projekt seeks M&A targets

Poland's CD Projekt stated in its strategy update that it will seek M&A targets in an attempt to become one of the top video game producers in the world.

Wed, 31 Mar 2021 14:15:10 GMT

JD.com sells AI and cloud businesses

JD.com, the Chinese e-commerce company, has signed a deal with its financial technology division to sell its JD Cloud and AI business at the $2.40B combined valuation.

Wed, 31 Mar 2021 13:29:46 GMT

ByteDance explores Douyin's potential listing

ByteDance is considering a potential offshore listing of Douyin, the TikTok-like short video app, in Hong Kong or New York, according to Reuters.

Wed, 31 Mar 2021 12:32:45 GMT

Oracle to move customers to cloud for free

On Wednesday, Oracle Corp announced it would move firms' complicated computer programmes to the cloud free of charge, as the company tries to lure new potential cloud-computing clients.

Wed, 31 Mar 2021 11:09:52 GMT

Google to spend $29M to battle fake news

Google is set to contribute $29.3M to the new EU Media and Information Fund in order to fight fake news due to rising pressure on tech companies over lack of efforts to dispel online disinformation.

Wed, 31 Mar 2021 10:09:20 GMT

OPEC+ lowers forecast

On Wednesday, the OPEC+ countries announced that they would decrease their 2021 oil demand forecast by 300,000 bpd.

Wed, 31 Mar 2021 08:43:10 GMT

Daimler to accelerate EV shift

Daimler is planning to speed up its electric cars shift due to a robust start of 2021, despite the global semiconductor chip shortage, the carmaker stated on Wednesday.

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