News

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Fri, 22 Jan 2021 16:13:21 GMT

Alphabet's Pichai schedules call with EU regulator

Alphabet's CEO Sundar Pichai is set to hold a conference call with Margrethe Vestager, the European antitrust chief, on January 25, the European Commission schedule showed on Friday.

Fri, 22 Jan 2021 15:03:18 GMT

Oil falls 2% on new COVID-19 cases in China

Oil prices dropped on Friday, following their 11-month record highs hit in the previous week, tumbled by concerns that new coronavirus-related restrictions in China may affect fuel demand in the largest global oil importer.

Fri, 22 Jan 2021 13:38:12 GMT

Biden appoints new acting regulator head

On Friday, the US President Joe Biden appointed Allison Herren Lee, a Commissioner for the US Securities and Exchange Commission, as an acting financial industry regulator's head, the SEC stated.

Fri, 22 Jan 2021 12:20:59 GMT

VW's profit drops by nearly 50%

On Friday, Volkswagen reported its annual adjusted operating profit nearly halved, while vehicle deliveries had shown a robust recovery in the Q4, lifting the carmaker's shares by 1.5% to €164.32.

Fri, 22 Jan 2021 10:50:24 GMT

Biden to ink order to raise pandemic-related food aid

On Friday, the US President Joe Biden is se to sign two orders aimed at increasing the pandemic-related stimulus checks to needing families and boost food aid for those children who rely on meals at schools as the main nutrition source.

Fri, 22 Jan 2021 09:51:12 GMT

Intel aims at production at its own plants

Intel's incoming CEO said in a statement the company was aiming to make its products in Intel plants by 2023, but admitted it could also shift to outside factories.

Fri, 22 Jan 2021 08:47:58 GMT

Honor ties up with major chip suppliers

Honor, the Chinese budget phone developer, signed partnerships with key chip suppliers, including Qualcomm and Intel, after being divided from Huawei Technologies in efforts to save it in 2020, it stated on Friday.

Fri, 22 Jan 2021 08:33:04 GMT

US rejects Parler's bid to order Amazon to restore service

The social media platform Parler has lost its bid to require Amazon.com to restore its web hosting services, which Amazon had turned off after the January 6 US Capitol's storming.

Fri, 22 Jan 2021 07:37:42 GMT

Joby seeks to go public

Joby Aero, the electric passenger aircraft manufacturer, is considering to go public via a merger deal with the blank-check acquisition company at the valuation of about $5B.

Fri, 22 Jan 2021 06:20:59 GMT

Ford to recall 3M cars amid airbag issue

Ford Motor Co announced that it will recall 3M cars for airbag inflators, which could rupture, at a $610M cost.

Fri, 22 Jan 2021 05:22:37 GMT

BMW plans higher margin while investing in EV

BMW's Finance Chief stated that the company plans to return to pre-pandemic operating margin goal, while big investments in EVs mean it will have to simplify its car portfolio.

Fri, 22 Jan 2021 04:27:03 GMT

Volkswagen fined for missing emission targets

Volkswagen faced a more than €100M fine for missing EU targets on CO2 emissions from the company's 2020 passenger vehicle fleet, the carmaker stated.

Thu, 21 Jan 2021 21:45:01 GMT

IBM's quarterly profit up on cloud power

International Business Machines beat forecasts for quarterly profit, which grew 10% to a record $7.5B, thanks to strong demand for cloud business.

Thu, 21 Jan 2021 21:01:37 GMT

KLM to cut 1,000 jobs

KLM plans to cut an additional 1,000 jobs this year after cutting 5,000 jobs the previous year, a report published by the company shows.

Thu, 21 Jan 2021 20:01:12 GMT

China economy to expand rapidly in 2021

The economy of China is expected to expand more than 7% in 2021 after a modest growth in 2020, a report published by the Swiss bank Credit Suisse shows.

Thu, 21 Jan 2021 19:05:31 GMT

Bank of Canada keeps key rate unchanged

The Bank of Canada decided to keep the key interest rate unchanged at 0.25% amid uncertain economic conditions, a statement published by the bank shows.

Thu, 21 Jan 2021 17:52:58 GMT

Uruguay economy to contract in 2020

The economy of Uruguay is expected to contract 5.5% in 2020 and to rapidly recover in 2021, a report published by the Central Bank of Uruguay shows.

Thu, 21 Jan 2021 17:32:11 GMT

Australia unemployment declines

The unemployment rate in Australia declined to 6.6% in December from 6.8% in November, a report published by the Australian Bureau of Statistics shows.

Thu, 21 Jan 2021 16:32:16 GMT

Uzbekistan trade turnover declines in 2020

Foreign trade turnover of Uzbekistan declined 13.1% to $36.3B in 2020, compared to the previous year, data published by the Uzbek State Statistics Committee show.

Thu, 21 Jan 2021 15:22:18 GMT

Ant's Malaysian e-wallet unit considers raising $150M

Malaysia's e-wallet venture owned by Ant Group and CIMB Group has entered advanced negotiations with investors to attract at least $150M for funding expansion plans, Reuters reported on Thursday.

Thu, 21 Jan 2021 14:36:28 GMT

Deutsche Telekom ties up with Cellnex

Deutsche Telekom, the German telecoms group, has tied up with Cellnex, Spain's phone mast operator, as two companies seek to combine their tower businesses in the Netherlands.

Thu, 21 Jan 2021 12:52:23 GMT

BlackRock adds bitcoin futures as eligible investment

On Thursday, BlackRock announced it would add bitcoin futures as the eligible investment to two funds, amid the asset manager's intention to offer its clients the access to the cryptocurrency world.

Thu, 21 Jan 2021 12:30:05 GMT

Global stocks rack up record highs

On Thursday, global stocks racked up their record highs and the US dollar dropped, as investors got major stimulus from the new US President Joe Biden, Reuters reported.

Thu, 21 Jan 2021 11:37:27 GMT

UK's IG to acquire tastytrade for $1B

Britain's IG announced on Thursday it was planning to acquire tastytrade, the US trading platform, in a $1.0B deal.

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