News

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Tue, 19 Jan 2021 21:01:05 GMT

China economy expands 2.3% in 2020

The economy of China expanded 2.3% in 2020, compared to the previous year, data published by the National Bureau of Statistics show.

Tue, 19 Jan 2021 20:02:24 GMT

Germany reports higher tobacco sales

A total of $34.7B worth of tobacco products were sold in Germany in 2020, an increase of 5% from the prior year, the Federal Statistical Office Destatis reports.

Tue, 19 Jan 2021 19:01:45 GMT

China SF Holding reports revenue growth

SF Holding, China's express delivery giant, announced 30.77% revenue growth to $2.27B in December, compared to the same period the prior year, a statement published by the company shows.

Tue, 19 Jan 2021 17:41:17 GMT

Belarus GDP contracts

The economy of Belarus contracted 0.9% in 2020, compared to the previous year, data published by the National Statistics Committee show.

Tue, 19 Jan 2021 17:19:49 GMT

EV charging startup Volta raises $125M

Volta, an electric vehicle charging startup based in San Francisco, raised $125M from investors, a statement published by the company shows.

Tue, 19 Jan 2021 16:34:14 GMT

Hong Kong jobless rate reaches record high

The unemployment rate in Hong Kong increased to 6.6%, the highest level in 16 years, the Census and Statistics Department of the Hong Kong Special Administrative Region reports.

Tue, 19 Jan 2021 14:46:43 GMT

Cruise, GM tie up with Microsoft on self-driving cars

On Tuesday, self-driving automaker Cruise and General Motors announced they would team up with Microsoft to commercialise self-driving vehicles.

Tue, 19 Jan 2021 14:19:45 GMT

BoA's profit tops forecasts

On Tuesday, Bank of America reported a fall in its Q4 profit that still beat Wall Street's estimates, flagging a further economic recovery.

Tue, 19 Jan 2021 12:44:18 GMT

Goldman Sachs profit rises on M&A boost

On Tuesday, Goldman Sachs Group posted a 153% surge in its Q4 profit, driven by its M&A activity boost and a blowout performance at the core bond trading.

Tue, 19 Jan 2021 11:31:07 GMT

US Dollar declines on Tuesday

During Tuesday's European trading hours, the value of the US Dollar declined, as the currency was expected to decline due to additional US stimulus.

Tue, 19 Jan 2021 10:41:24 GMT

Experian revenue tops estimates

On Tuesday, Experian reported its Q3 revenue growth beat its previous target, driven by robust US mortgage volumes, but forecast a slowdown in its Q4.

Tue, 19 Jan 2021 10:35:56 GMT

China's Geely, Tencent tie up over smart car tech

Zhejiang Geely Holding, the Chinese group that holds Daimler's 9.7% of shares and owns Volvo Cars, announced on Tuesday it had teamed up with Tencent Holdings to develop autonomous driving and smart vehicle cockpit.

Tue, 19 Jan 2021 08:47:06 GMT

Turkey imposes ad ban on Twitter

Turkey has has banned advertising on Periscope, Pinterest and Twitter after the companies failed to appoint their local representatives in Ankara under the country's new social media law.

Tue, 19 Jan 2021 07:37:46 GMT

Cisco to acquire Acacia

On Tuesday, China's market regulator has approved Cisco Systems' plans. to acquire Acacia Communications, marking that both companies should comply with a particular set of conditions.

Tue, 19 Jan 2021 05:41:00 GMT

Alberta asks for pressure on Biden

On Monday, representatives of the Canadian Alberta province urged the Prime Minister Justin Trudeau to pressure the US President Joe Biden in regards to the Keystone XL pipeline.

Tue, 19 Jan 2021 05:31:10 GMT

Couche-Tard could bid for Carrefour

The CEO of Couche-Tard Brian Hannasch revealed that the company would renew its bid for Carrefour, if the French government would allow an acquisition.

Tue, 19 Jan 2021 03:45:43 GMT

Canada lifts 737 MAX ban

On Monday, the Canadian government announced that it would lift the Boeing 737 MAX flight ban starting from January 20.

Mon, 18 Jan 2021 21:41:20 GMT

Oil prices decline on Monday

During Monday's trading hours, crude oil prices slightly declined, as the US Dollar gained value and decreased all commodity prices.

Mon, 18 Jan 2021 20:43:05 GMT

BlackRock sells stake in China Telecom

BlackRock sold a significant part of its stake in China Telecom for $200M, as the company became a subject to a recent ban on the US investment.

Mon, 18 Jan 2021 19:42:27 GMT

BMW set to double fully-electric car sales

BMW stated that it seeks a 50% rise in sales of fully-electric cars this in 2021, aiming to comply with CO2 emissions targets and chase market leader Tesla.

Mon, 18 Jan 2021 19:07:04 GMT

Reliance to add e-commerce app to WhatsApp

Reliance Industries announced plans to embed the company's e-commerce application JioMart into WhatsApp within the following six months.

Mon, 18 Jan 2021 18:16:48 GMT

Total invests $2.5B in India's solar power

Total paid $2.5B for the share in India's renewable energy company AGEL and solar power assets portfolio.

Mon, 18 Jan 2021 17:32:30 GMT

Disneyland Paris postpones reopening

On Monday, Disneyland Paris stated it had delayed the reopening to April 1 amid the resurgence of the COVID-19 cases.

Mon, 18 Jan 2021 15:53:33 GMT

AT&T to trim workforce in Slovakia

AT&T is planning to reduce its Slovakia workforce as the coronavirus pandemic hurt customer demand, while unions expect 10% of job positions to be affected.

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