News

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Thu, 25 Mar 2021 20:43:19 GMT

EU fashion stocks fall amid Xinjiang row

On Thursday, shares of the EU fashion brands H&M, Inditex and Adidas dropped on the back of strong criticism faced on the Chinese social media over brands' past comments about Xinjiang labour conditions.

Thu, 25 Mar 2021 19:41:12 GMT

Nike, Adidas under attack over Xinjiang

On Thursday, Nike and Adidas faced heat on China's social media over their past comments about brands' labour conditions in the autonomous region of Xinjiang, reviving a diplomatic dispute between the West and China.

Thu, 25 Mar 2021 18:41:40 GMT

US promotes chip tie-up with Taiwan

The United States stated on Thursday the promotion of its semiconductor cooperation with Taiwan is the US key strategic priority.

Thu, 25 Mar 2021 17:54:29 GMT

UK's Arrival to invest in more microfactories

Arrival Ltd, the UK electric van startup, is planning investments in more "microplants" in 2021 amid the company's expansion of its global production presence.

Thu, 25 Mar 2021 16:47:20 GMT

China offers rules for digital currencies

China proposed global regulations for central bank digital currencies, including sensitive matters such as information sharing and monitoring.

Thu, 25 Mar 2021 16:22:17 GMT

Greenwood gets $40M from big banks

The digital banking startup Greenwood announced that it raised $40M from a multitude of US financial institutions.

Thu, 25 Mar 2021 15:03:45 GMT

FCX stock extends decline

At the start of Thursday's US trading hours, the stock price of Freeport McMoran started the day with a 2.43% drop.

Thu, 25 Mar 2021 14:21:37 GMT

Stellantis considers closing production line

Stellantis is considering the closure of its production line at its Italian car plant Melfi, the FIM CISL union's head stated on Thursday amid a potential plan to tackle excess output capacity in Italy.

Thu, 25 Mar 2021 13:37:41 GMT

Cboe SE expands into Asia

On Thursday, Cboe Global Markets announced its expansion into Asia by buying the Australian and Japanese share trading platforms to boost its presence in the financial market data's sector.

Thu, 25 Mar 2021 12:07:18 GMT

Brazil's CB cuts 2021 GDP growth outlook

Brazil's central bank has cut its GDP growth forecast for 2021 from 3.8% to 3.6% due to higher uncertainty over the economic recovery.

Thu, 25 Mar 2021 11:24:23 GMT

Oil prices decline

During Thursday's European trading hours, crude oil prices declined despite the ongoing block of shipping through the Suez Canal.

Thu, 25 Mar 2021 09:38:10 GMT

Deutsche Telekom loses antitrust fine appeal

On Thursday, Deutsche Telekom together with its Slovak division lost their appeal against the EU antitrust fine after Europe's main court had endorsed the sanctions.

Thu, 25 Mar 2021 08:08:14 GMT

PUBG posts 1B downloads since launch

On Thursday, China's tech giant Tencent reported that PUBG Mobile, its phone action game, had surpassed 1.0B accumulated downloads worldwide since the 2018 launch.

Thu, 25 Mar 2021 07:37:42 GMT

EU needs $355B for 5G launch

Europe needs to invest $355B into the telecoms infrastructure in four years if it seeks to launch 5G across the bloc to bolster economic growth.

Thu, 25 Mar 2021 06:34:45 GMT

Verizon's Vestberg to join BlackRock board

The CEO of Verizon Communications, Hans Vestberg, was nominated to join BlackRock Inc's, the world's biggest asset manager stated.

Thu, 25 Mar 2021 05:37:01 GMT

IKEA buys stake in what3words

Ingka Group, the owner of IKEA stores, bought a $16M stake in what3words, the technology startup based in London that helps to pinpoint locations.

Thu, 25 Mar 2021 04:26:06 GMT

MTG to buy Ninja Kiwi for around $186M

E-sports and gaming group MTG agreed to buy Ninja Kiwi, the mobile games developer, for around $186M to expand its gaming portfolio, the company announced.

Wed, 24 Mar 2021 21:24:16 GMT

Intel to spend $20B on chip plants in US

Intel is set to expand its advanced chip production capacity, as it announced plans to spend $20B to build two plants in Arizona and open its facilities to outside customers.

Wed, 24 Mar 2021 20:44:47 GMT

Oil prices recover on Wednesday

On Wednesday, due to a ship blocking the Suez Canal and shipments to Europe from the Middle East, crude oil prices jumped by 6.00%.

Wed, 24 Mar 2021 19:43:04 GMT

US stocks surge

During Wednesday's US trading hours, US stock indices surged, as the US Treasury Secretary Janet Yellen revealed a positive outlook on economic recovery.

Wed, 24 Mar 2021 19:01:02 GMT

European stocks trade flat

By the end of Wednesday's European trading hours, stock indices in Europe remained unchanged due to good data being outweighed by coronavirus lockdowns.

Wed, 24 Mar 2021 17:41:34 GMT

GM further trims output in North America

On Wednesday, General Motors has extended its production reductions in North America amid the global semiconductor chip shortage, which impacted the car sector.

Wed, 24 Mar 2021 17:07:29 GMT

Xiaomi's Q4 net profit soars 36.7%

On Wednesday, China's smartphone maker Xiaomi posted a 36.7% surge in its Q4 net profit, as its competitor Huawei had to retreat from the international market amid US-led sanctions.

Wed, 24 Mar 2021 16:25:27 GMT

GameStop drops on potential share sale

On Wednesday, shares of GameStop tumbled over 14% before the bell, following the videogame retailer's statement that it was considering whether to raise the price of the planned $100M share sale.

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