News

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Fri, 29 Jan 2021 17:42:14 GMT

SoftBank CEO sees self-driving cars mass production

On Friday, SoftBank Group's CEO Masayoshi Son stated he was expecting mass production of driverless cars to in about two years, adding he would continue to invest in AI tech giants.

Fri, 29 Jan 2021 16:44:05 GMT

New Toyota's arm pledges world's safest mobility

On Friday, Toyota Motor revealed its research unit Woven Planet will deliver the world's safest drive amid rising competition for the connected and self-driving car development.

Fri, 29 Jan 2021 16:18:40 GMT

UK watchdog probes Uber-Autocab deal

On Friday, UK competition regulator stated it had launched a probe into Uber's acquisition of the British tech company Autocab that was deemed to substantially cut competition in the market.

Fri, 29 Jan 2021 14:49:55 GMT

J&J's single-doze vaccine 66% effective

On Friday, Johnson & Johnson announced the company's COVID-19 vaccine was nearly 66% effective in the large global trial.

Fri, 29 Jan 2021 14:24:47 GMT

US consumer spending drops in December

US consumer spending plunged for the second consecutive month in December due to resumed business restrictions to curb the coronavirus spread and expiration of the benefits for unemployed American citizens.

Fri, 29 Jan 2021 13:35:09 GMT

E-Trade platform experiences outages

Morgan Stanley's E-Trade platform was hit by an outage late on Thursday, joining several trading websites, including Robinhood, which were experiencing technical issues after the GameStop-linked stock market frenzy.

Fri, 29 Jan 2021 11:48:53 GMT

Huawei phone deliveries drop in Q4

China's smartphone shipments dropped as much as 4% in the Q4, as deliveries at Huawei Technologies tumbled amid US sanctions imposed against the Chinese company's component and chip suppliers.

Fri, 29 Jan 2021 10:59:49 GMT

Bitcoin surges due to Elon Musk

On Friday, the price for Bitcoin surged almost 14%, as the CEO of Tesla Elon Musk tagged it in his online Twitter biography.

Fri, 29 Jan 2021 09:53:44 GMT

SEC scrutiny postpones Roblox listing

Roblox Corp has delayed its plans for a public listing due to the US SEC scrutiny over how the company recognises its finances revenue, Reuters reported on Thursday.

Fri, 29 Jan 2021 09:35:10 GMT

LSE completes Refinitiv deal

On Friday, London Stock Exchange announced it had finalised its $27B deal to acquire data provider Refinitiv.

Fri, 29 Jan 2021 08:01:01 GMT

Geely, Foxconn to build EVs for Faraday Future

On Friday, the Chinese group Zhejiang Geely Holding stated it entered talks with Foxconn on providing contract manufacturing services to Faraday Future, the electric vehicle maker.

Fri, 29 Jan 2021 06:45:41 GMT

Walmart to expand ads business

Walmart is planning to expand the advertising business at US stores in a big push to challenge its rival Amazon.com, the world's biggest retailer said.

Fri, 29 Jan 2021 05:42:07 GMT

GM to end gas-powered cars by 2035

General Motors has set a target to sell its new vehicles, light pickup trucks and SUVs with zero emissions by 2035, making a dramatic announcement for the US biggest automaker to shift away from diesel and gasoline engines.

Fri, 29 Jan 2021 04:55:49 GMT

Daimler's operating profit tops estimates

Daimler reported that solid Q4 results helped the carmaker post 2020 operating profit above expectations and make an optimistic forecast for 2021.

Fri, 29 Jan 2021 03:49:13 GMT

Visa quarterly profit tops forecasts

Visa reported a better-than-expected quarterly profit, boosted by a rise in online spending that drove the payment volumes recovery from the coronavirus-caused slump.

Thu, 28 Jan 2021 23:31:16 GMT

US oil industry plans alliance with Farm Belt

The US oil industry is planning to form an unusual alliance with biofuel producers and corn growers to fight Biden Administration's electric vehicle agenda, Reuters reported.

Thu, 28 Jan 2021 21:33:13 GMT

UK regulator launches probe into Giphy deal

On Thursday, the British competition watchdog has begun its initial inquiry into Facebook's completed takeover of Giphy, the GIF website, as the social media giant is under regulatory scrutiny regarding antitrust concerns.

Thu, 28 Jan 2021 20:21:26 GMT

Qualtrics valued at more than $15B in IPO

SAP-owned survey-software seller Qualtrics International raised around $1.55B in its public listing and was valued at more than $15B, according to Reuters.

Thu, 28 Jan 2021 19:05:07 GMT

Apple's iPhone deliveries hit record high

On Thursday, Apple's iPhone shipments in the Q4 soared 22%, hitting a record-high level, making the US company the world's largest seller.

Thu, 28 Jan 2021 18:08:13 GMT

German inflation rises

German consumer prices increased 1.6% in January, compared to the same period the previous year, after falling 0.7% in December, the Federal Statistics Office reports.

Thu, 28 Jan 2021 17:18:25 GMT

American Airlines shares rise

Shares of American Airlines increased more than 20% after the company reported lower than expected quarterly loss and was mentioned on Reddit as the potential short squeeze target.

Thu, 28 Jan 2021 16:13:59 GMT

US new home sales rise

New home sales in the US increased 1.6% in December to an annual rate of 842T units, data published by the Commerce Department show.

Thu, 28 Jan 2021 15:35:26 GMT

Aramco to sell more shares

On Thursday, the Saudi Arabian Crown Prince Mohammed bin Salman announced that Saudi Aramco was set to launch more share sales on the back of its plans to boost the country's key sovereign wealth fund.

Thu, 28 Jan 2021 14:30:35 GMT

American Airlines stock jumps

At the start of Thursday's US trading, American Airlines Group's shares skyrocketed 22.80%, despite the carrier's record annual loss of $8.9B, caused by lockdowns and travel restrictions amid the pandemic.

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