News

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Mon, 25 Jan 2021 19:21:48 GMT

Volkswagen to pay €16.3M in Spanish claim

A Spanish court ordered Volkswagen to pay €16.3M in compensation to people in the country, who bought vehicles with emissions-cheating devices installed.

Mon, 25 Jan 2021 17:42:08 GMT

Canada Dec. jobless rate revised to 8.8%

On Monday, the December unemployment rate in Canada was revised from 8.6% to 8.8%, while the net job decline was amended from 62,600 to 52,700, according to Statistics Canada's labour force data.

Mon, 25 Jan 2021 16:42:31 GMT

Hublot sees China to boost sales rebound this year

Hublot, the Swiss luxury watchmaker, is anticipating its sales to grow as much as 15-20% this year, boosted by China, following a tough 2020 as well as a challenging start of the current year, its CEO said on Monday.

Mon, 25 Jan 2021 15:44:04 GMT

Nasdaq hits record high at opening

On Monday, the Nasdaq opened at its record high on markets for the week of big-tech firms earnings, while the S&P 500 and Dow came out under pressure from Merck's shares drop.

Mon, 25 Jan 2021 14:42:03 GMT

Google employees to establish union alliance

Google's workers are set to form a global union alliance, following the formation of a labour union for the Canadian and US offices, established by over 200 workers at the various Alphabet's units.

Mon, 25 Jan 2021 14:31:26 GMT

Apple shares reach new all-time high

The share price for Apple started Monday's trading with a new all-time high at 143.09. The jump was attributed to a "stay at home" stock surge.

Mon, 25 Jan 2021 13:34:26 GMT

Ex-Google exec to run TIM's Noovle

Carlo d'Asaro Biondo, the former Google executive, has been named as a new CEO of Telecom Italia's Noovle, the newly-created cloud division, the Italian largest phone group reported on Monday.

Mon, 25 Jan 2021 11:45:39 GMT

US oil refiners see worst Q4 earnings

US oil refiners are expecting the worst quarter of earnings due to the pressure of surging crude prices and weak demand caused by the renewed coronavirus travel restrictions.

Mon, 25 Jan 2021 11:02:13 GMT

Stocks surge on Monday

During Monday's European trading hours, stock indices around the world surged, as stimulus expectations pushed the market up.

Mon, 25 Jan 2021 10:24:02 GMT

Germany to face economic stagnation in Q1

Germany's economy is set to stagnate in the 2021's Q1, according to Ifo economist Klaus Wohlrabe's statement made on Monday, signalling the toll taken by the EU largest economy's lockdown.

Mon, 25 Jan 2021 09:06:23 GMT

Huawei considers sale of its premium phone brands

China's Huawei Technologies has entered the early-stage negotiations over potential sale of the premium smartphone brands Mate and P, in a move that may result in the company's withdrawal from the smartphone-making business.

Mon, 25 Jan 2021 07:45:11 GMT

Germany asks Taiwan for over chip shortage

Germany called on Taiwan to persuade its producers to help ease the semiconductor chips shortage in the car sector, as it is affecting the German economy recovery from the coronavirus pandemic.

Mon, 25 Jan 2021 07:37:07 GMT

SPAC close to $7.3B deal with Alight

A Bill Foley-backed blank-check acquisition company is close to sign a deal with Blackstone's Alight Solutions, the US benefits services operator, valued at $7.3B including debt.

Mon, 25 Jan 2021 06:00:29 GMT

Israel to ban international flights

On Sunday, the Israeli government announced that it would ban international flights from January 25 for one week, as it seeks to curb the spread of the COVID-19 pandemic.

Mon, 25 Jan 2021 05:01:19 GMT

WH to press US Congress for $1.9T relief bill

On Sunday, Brian Deese, the Director of the National Economic Council, said that the White House would push Republican and Democratic senators for a new $1.9 trillion in COVID-19 relief package.

Mon, 25 Jan 2021 04:05:12 GMT

Italy to sue Pfizer and AstraZeneca

On Sunday, Italy's Foreign Minister Luigi Di Maio announced that the Italian government would file a lawsuit against AstraZeneca and Pfizer Inc over a delay in the supply of coronavirus vaccines.

Mon, 25 Jan 2021 02:27:12 GMT

Gulf Air negotiates with Airbus and Boeing

On Sunday, Waleed Abdulhameed Al Alawi, the acting CEO of Gulf Air, said that the company is in discussions with Boeing and Airbus to delay aircraft deliveries.

Sun, 24 Jan 2021 21:33:44 GMT

France likely to have new lockdown

The French government senior health advisor Delfraissy stated on Sunday that the country most probably would need to go through a third lockdown.

Sun, 24 Jan 2021 20:33:01 GMT

Nord Stream 2 construction resumes

The Nord Stream 2 consortium stated on Sunday that a pipe-laying ship had resumed works in Denmark's waters.

Sun, 24 Jan 2021 19:34:31 GMT

Saudi fund plans to double its assets

The Saudi Prince Mohammed bin Salman stated on Sunday that assets of the country's sovereign fund would be doubled to $1.07T by 2025.

Sun, 24 Jan 2021 17:50:50 GMT

Kuwait's Emir appoints Al-Sabah as PM

As reported by the state news agency KUNA on Sunday, the Kuwaiti Emir Sheikh Nawaf al-Ahmed al-Sabah has appointed Sheikh Sabah Khaled Al-Hamad Al-Sabah, as the country's Prime Minister.

Sun, 24 Jan 2021 17:00:37 GMT

Goldman Sachs lower Turkish Lira forecast

Goldman Sachs announced that its three-month forecast for the Turkish Lira was 7.00 to 7.50 to the US Dollar.

Sun, 24 Jan 2021 16:01:40 GMT

UAE approves establishment of embassy in Israel

On Sunday, the United Arab Emirates cabinet approved the establishment of an embassy in Tel Aviv, Israel.

Sun, 24 Jan 2021 14:43:24 GMT

Gulf Air seeks aircraft delays

The CEO of Gulf Air Waleed Abdulhammed Al Alawi revealed to Reuters on Sunday that the company is in talks with aircraft producers about delivery delays.

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