News

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Wed, 13 Jan 2021 19:12:10 GMT

WeWork sees profitability by 2021-end

On Wednesday, WeWork's CEO Sandeep Mathrani stated the co-working company was on track to become profitable by the 2021's Q4, with its China office spaces nearly bouncing back to the levels it had before the pandemic.

Wed, 13 Jan 2021 17:55:46 GMT

China exports decline

Car exports from China fell 2.9% in 2020, compared to the prior year, a statement published by the China Association of Automobile Manufacturers shows.

Wed, 13 Jan 2021 17:32:03 GMT

Israel exports fall

Exports of goods from Israel declined 8.5% to $54B in 2020, compared to the previous year, data published by the Central Bureau of Statistics show.

Wed, 13 Jan 2021 16:34:45 GMT

Dropbox to cut 11% employees

Dropbox plans to lay off 11% of its employees, including the Chief Operating Officer Olivia Nottebohm, who joined the previous year from Google.

Wed, 13 Jan 2021 14:46:53 GMT

J&J unlikely to meet US vaccine supply goal

Johnson & Johnson will unlikely to meet the US COVID-19 vaccine supply target by spring, as the company faces delays in vaccine production, according to the New York Times report seen on Wednesday.

Wed, 13 Jan 2021 14:17:42 GMT

Target sales surge 17%

On Wednesday, Target reported a 17.2%% surge in its comparable sales, boosted by the retailer's strong sales results in the holiday season.

Wed, 13 Jan 2021 13:16:35 GMT

Intel's unit to use its own radar technology

The director of Intel's autonomous car subsidiary stated the firm seeks to use its own radar technology by 2025 amid its plan to reduce the self-driving costs.

Wed, 13 Jan 2021 12:04:30 GMT

Visa, Plaid drop their merger deal

Visa and Plaid, the financial technology firm, announced they would terminate the $5.3B merger deal after the US government sought to stop the transaction, citing antitrust concerns.

Wed, 13 Jan 2021 11:14:08 GMT

Lagarde comments on lockdowns

On Wednesday, the President of the European Central Bank Christine Lagarde stated that the euro zone is set to recover despite lockdown measures.

Wed, 13 Jan 2021 09:41:04 GMT

Ford sells over 602K cars in China last year

On Wednesday, Ford Motor reported it had sold 602,627 car units in China in 2020, up 6% year-on-year, marking the company's first annual growth in the Chinese market since 2017.

Wed, 13 Jan 2021 08:59:19 GMT

Amazon India rolls out online engineering academy

Amazon.com India launched an online academy to coach its students for the most competitive test for the engineering college entrance in the country, the e-commerce company announced on Wednesday.

Wed, 13 Jan 2021 08:08:01 GMT

Biden to appoint new US SEC chair

The President-elect Joe Biden will name Gary Gensler as a new chair of the US Securities and Exchange Commission, an appointment that is likely to raise concerns among Wall Street companies of tougher regulation.

Wed, 13 Jan 2021 06:02:00 GMT

Boeing reports more 737 MAX cancellations

The US planemaker Boeing delivered a total of 157 airplanes to customers last year, down from 380 in 2019, the company's data revealed on Tuesday.

Wed, 13 Jan 2021 05:11:21 GMT

GM plans to launch first BrightDrop EV business

On Tuesday, the Chief Executive Officer of General Motors Mary Barra outlined plans for the company to launch its first BrightDrop electric delivery vehicle business.

Wed, 13 Jan 2021 04:01:36 GMT

Pfizer expects earnings of $3.10 per share

On Tuesday, Pfizer's Chief Executive Albert Bourla said that the pharmaceutical company expects to earn $3 to $3.10 a share in 2021.

Wed, 13 Jan 2021 02:35:05 GMT

US job openings decline last month

On Tuesday, the US Labor Department said that job openings, which measures the US labour demand, declined in November.

Tue, 12 Jan 2021 21:03:43 GMT

Plug Power, Renault to develop fuel-cell cars

France's carmaker Renault and Plug Power, the US hydrogen specialist, joined forces to design hydrogen-powered light commercial cars, companies stated.

Tue, 12 Jan 2021 20:14:16 GMT

Google to fight against vaccine misinformation

The Google News Initiative launched an open fund to fight misinformation over Ccoronavirus vaccines globally, worth up to $3M.

Tue, 12 Jan 2021 18:43:17 GMT

GM to launch electric delivery car business

General Motors announced plans to enter electric car delivery business and deliver first BrightDrop vans to FedEx by the end of the year.

Tue, 12 Jan 2021 18:14:50 GMT

Dr. Martens plans London listing

The UK boot brand Dr. Martens is set to pursue an IPO on London stock exchange on Monday, where private equity owner Permira is expected to sell part of the stake.

Tue, 12 Jan 2021 16:43:51 GMT

Xpeng gets $ 2B credit line to widen activity

China's EV maker Xpeng Inc secured a credit line of around $2 billion from five local banks to expand sales and manufacturing.

Tue, 12 Jan 2021 15:45:57 GMT

BMW sales down 8.4% last year

BMW announced that it saw an 8.4% decline in car sales last year, as many retail outlets around the world were closed due to the COVID-19 outbreak.

Tue, 12 Jan 2021 15:09:40 GMT

Asian corporate earnings rise

Refinitiv data released on Tuesday revealed that Asian corporate earnings were expected to rise by 26.4% in 2021.

Tue, 12 Jan 2021 14:19:08 GMT

Bailey comments on UK economy

The Governor of Bank of England Andrew Bailey stated on Tuesday that the UK economy faces a difficult period that would be caused by the resurgence of the coronavirus.

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