News

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Thu, 11 Feb 2021 05:46:02 GMT

Mastercard to support cryptocurrencies

Mastercard Inc announced that it was planning to support some cryptocurrencies on its network in 2021.

Thu, 11 Feb 2021 05:25:28 GMT

Microsoft seeks deal with Pinterest

Microsoft Corp approached Pinterest in recent months over a potential deal to buy the $51B social media company, the Financial Times reported, citing sources.

Thu, 11 Feb 2021 04:30:08 GMT

Volkswagen: chip supply to be tight in H1

Volkswagen announced its expectations for chip supply to remain tight in the H1 of this year, but that it is set to do everything to compensate for the delay in production in the H2.

Wed, 10 Feb 2021 21:45:25 GMT

Bank of Canada works on digital currency

The COVID-19 pandemic added urgency to the Bank of Canada's digital currency development, suggesting that decision could come sooner than expected, a senior policymaker stated.

Wed, 10 Feb 2021 20:44:16 GMT

Coca-Cola turns to 100% recycled bottles

Coca-Cola is set to sell its popular drinks in plastic bottles produced from 100% recycled material in the US, the beverage maker announced.

Wed, 10 Feb 2021 20:07:11 GMT

Viant gets $2.5B valuation

Viant Technology's shares soared 76% in their market debut, giving the advertising software firm a $2.53B market capitalization.

Wed, 10 Feb 2021 19:00:29 GMT

Archer goes public, backed by United Airlines

Archer, the electric aircraft startup, is expected to go public via a merger with the blank-check firm in a $3.8B deal and backed by investment and order from United Airlines.

Wed, 10 Feb 2021 17:57:57 GMT

GM: chip shortage to hit profits by $2B

General Motors stated that the global semiconductor chip shortage is likely to slash up to $2B from profit this year, while its highly profitable SUVs and big pickups would not suffer production cuts.

Wed, 10 Feb 2021 17:03:05 GMT

SoftBank plans investment in Pacific Biosciences

SoftBank Group is planning to make a $900M worth investment in Pacific Biosciences, the gene sequencing firm, according to the company's statement made on Wednesday.

Wed, 10 Feb 2021 16:06:10 GMT

Coca-Cola sees sales growth on vaccine hopes

On Wednesday, Coca-Cola stated it expected a rebound in its organic revenue growth in 2021 on hopes that vaccine worldwide launches will let consumers return to sporting events and cinemas that boost the company's sales.

Wed, 10 Feb 2021 14:44:37 GMT

ThyssenKrupp raises earnings forecast

ThyssenKrupp revealed on Wednesday that the company would raise its full-year earnings forecast for the first time in a period of four years.

Wed, 10 Feb 2021 13:45:27 GMT

Europol captures crypto thieves

On Wednesday, Europol announced that the police agency had arrested 10 hackers, which are suspects in a $100 million cryptocurrency theft.

Wed, 10 Feb 2021 12:44:56 GMT

European shares surge

During Wednesday's European trading hours, stock indices surged due to companies reporting better than expected earnings.

Wed, 10 Feb 2021 11:45:14 GMT

Oil price rally continues

On Wednesday, crude oil price benchmarks entered a ninth day of surging, which makes it the longest streak of gains in two years.

Wed, 10 Feb 2021 11:28:49 GMT

Toyota hikes profit forecast

On Wednesday, Toyota Motor Corporation announced that it would increase its 2020 earnings forecast by 54%.

Wed, 10 Feb 2021 09:49:34 GMT

Rivian plans IPO in 2021

Tesla's rival Rivian, backed by Ford motor and Amazon.com, is planning an initial public offering in September 2021 at the valuation of around $50B or more, according to Bloomberg News.

Wed, 10 Feb 2021 09:29:03 GMT

Apple ties up with TSMC over micro OLED displays

Apple has signed a partnership with TSMC over the micro OLED displays development for its augmented reality devices, according to Nikkei Asia's report seen on Wednesday.

Wed, 10 Feb 2021 07:57:01 GMT

Apple's iPhone 12 mini US sales slide

Apple posted a decline in its iPhone 12 mini sales in the United States, marking just 5% of the tech giant's new phone overall sales in January's first half.

Wed, 10 Feb 2021 06:51:15 GMT

Boeing delivers 26 jets in January

Boeing reported it had delivered 26 jets last month, after lifting the 737 MAX aircraft ban, and won four orders for the planemaker's 747-8 freighters.

Wed, 10 Feb 2021 05:50:43 GMT

GM extends car output cuts

General Motors is planning to extend its production cuts at several of its North American factories until mid-March amid the worldwide semiconductor chip shortage.

Wed, 10 Feb 2021 05:15:35 GMT

Lyft sees adjusted profit by Q3

Lyft is expecting an adjusted profit by this year's third quarter despite the coronavirus pandemic amid extra cost cuts and anticipated rebound in the ride-hail demand in the second quarter.

Wed, 10 Feb 2021 04:02:28 GMT

Cisco revenue slides, shares drop

Cisco Systems revenue declined for the fifth quarter in succession, due to a slowdown in demand for the company's network infrastructure products used in offices during lockdowns, sending its shares 4% down on the report.

Wed, 10 Feb 2021 00:47:29 GMT

Twitter tops sales and profit estimates

Twitter reported better-than-expected quarterly profit and sales but missed forecasts on its user growth, warning this rate is likely to decline in the upcoming months.

Tue, 09 Feb 2021 20:41:19 GMT

TSMC raises capital

On Tuesday, Taiwan Semiconductor Manufacturing announced that it would raise almost $9 billion to deal with the ongoing semiconductor shortage.

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