News

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Mon, 01 Feb 2021 13:35:32 GMT

Britain's factory growth suffers amid pandemic

UK factory growth is slowing after a sharp drop last month, caused by the coronavirus-related disruption to worldwide shipping and new EU trade barriers.

Mon, 01 Feb 2021 11:52:42 GMT

Chip sales soar 6.5% overall last year

Global semiconductor sales surged 6.5% globally in 2020, due to an on-going recovery within the last months that helped offset a steep drop-off in the first two months of spring last year.

Mon, 01 Feb 2021 10:41:01 GMT

Silver tests high level

During Monday's European trading hours, silver prices surged to the eight-year high level, which was previously tested in September.

Mon, 01 Feb 2021 10:10:14 GMT

EU to decide on Microsoft's ZeniMax deal

The EU antitrust regulators is set to rule on Microsoft's $7.5B takeover of ZeniMax Media by March 5, the biggest gaming acquisition of the US tech giant to challenge Sony's PlayStation.

Mon, 01 Feb 2021 08:51:15 GMT

Nintendo raises full-year Switch sales outlook

On Monday, Japan's Nintendo upgraded its full-year forecast for the Switch console sales from 24M units to 26.5M units, while shares rose 3.4% to 62,640 yen.

Mon, 01 Feb 2021 07:55:40 GMT

Ryanair sees record annual loss

On Monday, Ryanair stated it was expecting to lose around €1B in the current financial year, the carrier's worst performance ever, but it forecast new significant growth opportunities due to the crisis.

Mon, 01 Feb 2021 06:00:38 GMT

Grab raises $2 billion in loan

On Monday, the Singapore-based Grab said in a statement that it upsized the debut term loan to $2 billion on strong investors demand.

Mon, 01 Feb 2021 05:01:48 GMT

ECB's Knot comments on stock market rally

On Sunday, the European Central Bank member Klaas Knot said that the global equity market rally could be fueled by increasing optimism of economic recovery.

Mon, 01 Feb 2021 04:02:03 GMT

Britain to apply for CPTPP membership

The UK Prime Minister Boris Johnson said in a statement on January 30 that the UK would formally apply for membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership next week.

Mon, 01 Feb 2021 02:45:58 GMT

Ten GOP Senators offer stimulus compromise

On Sunday, ten Republicans Senators offered the US President Joe Biden a compromised coronavirus relief package plan.

Sun, 31 Jan 2021 20:41:08 GMT

Matteo Renzi comments on new PM

On Sunday, Matteo Renzi, who caused the recent Italian political crisis, stated that he would like to see the former President of the ECB Mario Draghi as the Prime Minister of Italy.

Sun, 31 Jan 2021 19:51:16 GMT

Melvin Capital remains solvent

It was revealed by Reuters on Sunday that despite the GameStop short squeeze Melvin Capital has ended the month with $8 billion in assets.

Sun, 31 Jan 2021 19:20:45 GMT

ECB Knot comments on market

On Sunday, the Member of the European Central Bank Governing Council Klaas Knot stated that the stock market was fuelled by hopes of a coronavirus recovery.

Sun, 31 Jan 2021 18:01:20 GMT

UK government works on recovering plan

According to a source with knowledge of the matter, the UK government is currently working on a COVID-19 recovery plan for the economy.

Sun, 31 Jan 2021 17:01:09 GMT

Queen Elizabeth likely to host President Biden

According to the Sunday Times newspaper, the UK Queen Elizabeth II is expected to host the US President Joe Biden at Buckingham Palace ahead of the G7 summit in June.

Sun, 31 Jan 2021 16:00:46 GMT

Myanmar's lawmakers vow to take their seats

According to Reuters news, Myanmar's newly elected lawmakers undaunted by a threat from the military to stage a coup and vowed to meet in the Parliament for the first time on Monday.

Sun, 31 Jan 2021 15:20:27 GMT

Republicans propose stimulus compromise

On Sunday, a group of ten US Republican Senators made a proposal for a compromise COVID-19 relief bill.

Sun, 31 Jan 2021 13:41:38 GMT

Chinese factories recover in January

Chinese statistics published on Sunday revealed that the country's factory activity had increased in January despite a slow down caused by the resurgence of the coronavirus.

Sun, 31 Jan 2021 13:14:19 GMT

UK applies to trade union

On Sunday, the United Kingdom formally applied to join the Trans-Pacific Trading Bloc, which would remove tariffs for exports to 11 countries.

Sun, 31 Jan 2021 11:41:09 GMT

Robinhood comments on buying limits

On Saturday, Robinhood revealed that it had put limitations on various stock purchases due to its clearing house increasing deposit requirements ten-fold.

Sun, 31 Jan 2021 10:44:41 GMT

India proposes crypto ban

On Friday, the Reserve Bank of India proposed a ban of all private cryptocurrencies and the creation of a central bank managed cryptocurrency.

Sun, 31 Jan 2021 10:27:56 GMT

Robinhood and Reddit are protected from lawsuit

On Saturday, Reuters revealed that Robinhood and Reddit were protected from lawsuits by user agreements.

Sun, 31 Jan 2021 08:58:42 GMT

Cuba to impose quarantine for travelers

On Saturday, the Cuban government announced that from February 6, travellers visiting Cuba would be required to self-quarantine for a week.

Sun, 31 Jan 2021 08:03:05 GMT

IG Group to restrict trading on US stocks

On Saturday, the British-based online trading app IG Group announced that it would restrict trading on the US stocks GameStop Corp and AMC Entertainment due to high volatility in the market.

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