News

Note: This section contains information in English only.
Wed, 15 Jul 2020 08:43:04 GMT

NYT to shift part of HK office to Seoul

The New York Times is planning to move part of the Hong Kong office to South Korea's Seoul, two weeks after Beijing imposed its new national security legislation.

Wed, 15 Jul 2020 07:41:41 GMT

Hyundai Motor shares jump about 8%

Hyundai Motor shares surged almost 8% on Wednesday, following South Korea's announcement of a new "green deal" that would accelerate the use of the environmentally-friendly vehicles.

Wed, 15 Jul 2020 06:44:08 GMT

Delta sees flight demand stalling as virus resurges

Delta Air Lines is expecting its Q3 flight capacity and revenue to be about 20%-25% of the last summer, as demand stalling due to a resurge in the number of coronavirus cases.

Wed, 15 Jul 2020 06:08:29 GMT

Trump has no interest in Phase 2 deal talks

Donald Trump claimed he had no interest in talks over the Phase 2 deal with China, CBS News reported, citing the US President.

Wed, 15 Jul 2020 04:42:43 GMT

Spotify launched in Russia and 12 other regions

Spotify Technology has expanded to Russia and 12 other countries by launching music streaming service in these regions, following the company's expansion strategy after entering India last year.

Wed, 15 Jul 2020 03:42:04 GMT

Wells Fargo swings to Q2 loss amid pandemic

Wells Fargo swung to its Q2 loss amid the coronavirus crisis that affected the lender's progress in recovering following a couple of misselling scandals, compelling it to spend billions of dollars in order to cover the bank's potential loan losses.

Wed, 15 Jul 2020 03:01:47 GMT

Britain to remove Huawei from 5G by 2027-end

The British Prime Minister Boris Johnson announced that China's Huawei equipment would be removed completely from the country's 5G network by 2027-end.

Tue, 14 Jul 2020 20:55:56 GMT

Google faces €600K Belgian privacy fine

Google was hit by a record fine of €600K from the Belgian data protection authority, as the tech giant did not comply with the EU rules on a right of a person "to be forgotten" online.

Tue, 14 Jul 2020 19:41:32 GMT

Virgin Atlantic to ink $1.5B rescue deal

UK carrier Virgin Atlantic plans to secure a $1.5B rescue deal, removing the administration medium-term chance due to the coronavirus crisis, Sky News reported.

Tue, 14 Jul 2020 18:41:28 GMT

Flipkart to attract $1.2B in funding round

India's Flipkart is set to raise $1.2B in the Walmart-led funding, as the e-commerce firm seeks to outrun Amazon.com in the competitive coronavirus-hit market.

Tue, 14 Jul 2020 17:52:11 GMT

VW-SAIC JV to revive China plants

The Chinese joint venture between Volkswagen and SAIC Motor is planning to invest $590M to revive their Shanghai-based car plants to build new Audi sedans, Reuters reported on Tuesday.

Tue, 14 Jul 2020 17:06:22 GMT

Boeing's customers canceled 355 jets in H1 2020

Due to the coronavirus-caused turbulences and the jet's grounding problems, the US planemaker's clients withdrew 355 orders of the Boeing 737 MAX planes in H1 2020.

Tue, 14 Jul 2020 16:10:34 GMT

Tesla's self-driving ads banned in Germany

The German court agreed with the industry-sponsored Wettbewerbszentrale and banned the US electric carmaker's autopilot ads due to misleading advertising.

Tue, 14 Jul 2020 15:17:03 GMT

Oil prices decline on coronavirus fears

On Tuesday, the prices of Brent and WTI futures deteriorated on fears of possible spurn of demand caused by the increase in COVID-19 cases in the US and Asia.

Tue, 14 Jul 2020 14:29:23 GMT

Global tech stocks slip on Tuesday

On Tuesday, global stocks tumbled, oil dropped, while a safety bid backed the dollar on escalating tensions between China and the United States as well as new coronavirus restrictions introduced in California.

Tue, 14 Jul 2020 13:37:24 GMT

JPMorgan tops Q2 profit estimates

JPMorgan Chase & Co has topped Wall Street's expectations for its Q2 profit with a 77% surge on rising trading revenue, the biggest US lender announced on Tuesday.

Tue, 14 Jul 2020 12:15:52 GMT

Google plans $4B investment in Reliance's unit

Alphabet's Google has entered talks to acquire a stake for $4.0B in Reliance Industries' digital arm, according to a Bloomberg report published on Tuesday.

Tue, 14 Jul 2020 11:15:40 GMT

Huawei UK Chairman steps down

John Browne, the ex-BP chief, is set to step down as the Huawei UK chairman ahead of Britain's government ban of the Chinese tech giant from the British 5G networks.

Tue, 14 Jul 2020 09:51:55 GMT

China reports import and export growth

China reported its first import growth in June since the coronavirus pandemic had hit the economy, adding that exports also surged on medical goods, showing signs of steady recovery.

Tue, 14 Jul 2020 08:54:36 GMT

Hyundai, Kia plan 1M EVs sale in 2025

On Tuesday, Hyundai Motor Group's head Euisun Chung announced that Hyundai Motor together with its sister firm Kia Motors seeks to sell 1M electric vehicles in 2025, targeting more than 10% of the EVs global market share.

Tue, 14 Jul 2020 08:18:54 GMT

Nokia launches 5G software upgrade

On Tuesday, Nokia, the Finnish telecom equipment developer, has rolled out a new software that enables a 5G upgrade to mobile operators without replacing equipment or visiting the site.

Tue, 14 Jul 2020 06:44:29 GMT

Westpac appoints KPMG partner as new CFO

On Tuesday, Australia's second-largest bank Westpac Banking has appointed Michael Rowland, the KPMG partner, as the new chief financial officer, Reuters reported.

Tue, 14 Jul 2020 05:49:19 GMT

SoftBank considers options for Arm Holdings

SoftBank Group is considering options for Arm Holding, the British chip designer, including its partial or full sale, as well as public offering, according to the Wall Street Journal.

Tue, 14 Jul 2020 04:55:51 GMT

Luckin Coffee's Lu ousted, replaced by Guo

Luckin Coffee has ousted Charles Zhengyao Lu, the company's co-founder and chairman, replacing him with a new candidate Jinyi Guo and naming him also as the new CEO, the coffee chain announced on Monday.

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