News

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Fri, 11 Jun 2021 04:00:31 GMT

ByteDance rolls out Volcano Engine

ByteDance rolled out its new brand "Volcano Engine", offering the proprietary algorithm that is used to power personalised recommendations in TikTok to corporate clients, seeking to expand the company beyond the mainstay consumer products.

Fri, 11 Jun 2021 03:00:09 GMT

Ledger finalises new fundraising

Ledger, the French technology and digital firm, has completed its new $380M round of funding, valuing the company over $1.5 billion.

Thu, 10 Jun 2021 21:00:07 GMT

Italy to spend €1.0B on gigafactory

Italy is planning to invest over €1.0B ($1.22B) into the building of the electric vehicle gigafactory in cooperation with the carmaker Stellantis, which will play the leading role, the country said.

Thu, 10 Jun 2021 20:00:07 GMT

Verizon launches commercial private 5G

On Thursday, Verizon Business has rolled out its first commercial private 5G in the United States to supply government departments and businesses with high-speed outdoor and indoor connectivity.

Thu, 10 Jun 2021 19:00:07 GMT

Twitter names new board member

Twitter appointed Mimi Alemayehou, the development finance executive, to the company's board of directors to succeed Elliott Management's partner Jesse Cohn, according to Reuters.

Thu, 10 Jun 2021 18:00:07 GMT

Bank of Canada keeps key rate unchanged

The Bank of Canada kept its key interest rate unchanged at 0.25%, data published by the central bank show.

Thu, 10 Jun 2021 17:00:06 GMT

Greece attracts €2.5B

Greece issued €2.5B of 10-year debt at a rate of around 0.9%, the Finance Minister Christos Staikouras says.

Thu, 10 Jun 2021 16:00:09 GMT

China inflation to stay below 2%

Inflation in China will stay below 2% this year, the governor of the People's Bank of China Yi Gang says.

Thu, 10 Jun 2021 15:06:01 GMT

BMW to slow down production

BMW plans to slow down car production at its largest European plant in Germany amid shortages of semiconductors, the German car manufacturer reports.

Thu, 10 Jun 2021 13:48:24 GMT

S&P 500 futures are negative on Thursday

On Thursday, S&P 500 futures have turned negative following the May inflation data report that showed a larger-than-anticipated surge, while weekly unemployment claims fell less than expected.

Thu, 10 Jun 2021 13:28:26 GMT

United seeks to buy 200 jets

United Airlines has entered talks to acquire nearly 200 single-aisle planes in a multibillion-dollar deal that would benefit both Airbus and Boeing planemakers, Reuters reported.

Thu, 10 Jun 2021 12:00:08 GMT

World food import costs aim at record high

Global costs on food import are likely to surge 12% this year to their record high amid robust demand and rising commodity prices during the COVID-19 pandemic.

Thu, 10 Jun 2021 11:09:22 GMT

Altice group acquires 12% BT stake

Altice group acquired a 12.1% stake valued at around £2.2 billion in UK's BT Group, becoming the company's largest shareholder.

Thu, 10 Jun 2021 10:00:09 GMT

Tesla to deliver new high-end Model S ‘Plaid'

On Thursday, Tesla is planning to launch its Model S high-performance version Plaid, seeking to revive interest in the almost decade-old sedan as well as fend off competitors such as Mercedes-Benz, Lucid Motors and Porsche.

Thu, 10 Jun 2021 08:50:21 GMT

UK watchdog to probe Amazon's data use

UK's competition watchdog is set to launch an official competition inquiry into the e-commerce company Amazon.com, according to the Financial Times report published on Thursday.

Thu, 10 Jun 2021 08:23:09 GMT

Alibaba plans self-driving truck development

Alibaba Group Holding is planning to launch the development of self-driving trucks in cooperation with Cainiao, the logistics subsidiary, Chief the Chinese e-commerce leader said on Thursday.

Thu, 10 Jun 2021 07:00:08 GMT

GameStop hires Amazon exec as new head

GameStop appointed the head of Amazon Australia as its new chief executive officer and announced the videogame retailer could sell some new shares, in its latest attempt to transform the company.

Thu, 10 Jun 2021 06:00:09 GMT

UPS stock drops 6%

United Parcel Service's shares have plunged 6% this Wednesday as the delivery company anticipated disappointing US margins after the strong demand during the pandemic.

Thu, 10 Jun 2021 05:00:08 GMT

Marqeta climbs 21% after debut IPO

Marqeta, the online card and payment processing firm, rose 21% in a trading debut after getting $1.23B in an IPO priced above a target range.

Thu, 10 Jun 2021 04:00:09 GMT

US to donate 500M Pfizer vaccines

The Biden administration announced plans to donate 500M doses of Pfizer coronavirus vaccine to nearly 100 countries in the next two years, three sources familiar told Reuters.

Thu, 10 Jun 2021 03:00:08 GMT

TC Energy stops Keystone XL project

Energy infrastructure firn TC Energy said that it terminated the $9B Keystone XL pipeline project after US President Joe Biden revoked the main permit, hitting the Canadian oil sector.

Wed, 09 Jun 2021 21:39:50 GMT

UPS shares fall on deliveries prioritisation

United Parcel Service's shares declined 6% on Wednesday after it announced plans to prioritise lucrative deliveries over volumes.

Wed, 09 Jun 2021 20:00:09 GMT

Shares of Marqeta to debut on US stock market

Shares of payments tech startup Marqeta are expected to increase in their US stock market debut, giving the firm a valuation of around $17B.

Wed, 09 Jun 2021 19:00:06 GMT

South Korea adds 619,000 jobs

The number of employed people in South Korea reached 27.55M in May, an increase of 619T from the previous year, a report published by the Statistics Korea shows.

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