News

Note: This section contains information in English only.
Thu, 17 Dec 2020 09:54:00 GMT

GoCardless attracts $95M in funding

GoCardless, the UK digital payments firm, raised $95M in the Bain Capital Ventures-led round of funding, seeking to invest in its open banking strategy.

Thu, 17 Dec 2020 09:07:48 GMT

Nokia appoints new strategy and technology head

On Thursday, Nokia has appointed Nishant Batra as its new chief strategy and technology officer as well as the group leadership team's member, effective January 18, 2021.

Thu, 17 Dec 2020 07:41:46 GMT

Boeing aims to relaunch 737 MAX

Boeing has started to hire around 160 new pilots as the company seeks to relaunch its 737 MAX jets, following a 20-month-long safety ban.

Thu, 17 Dec 2020 06:02:00 GMT

Citigroup urges Revlon payment return

Citigroup attempted to persuade the federal judge to force Revlon Inc lenders to return half a billion dollars of its own money, which it mistakenly sent them.

Thu, 17 Dec 2020 05:27:34 GMT

Motional, Lyft to launch robotaxi service

Lyft and Motional, the JV between Aptiv and Hyundai, are set to launch a multi-city robotaxi service in the US in 2023.

Thu, 17 Dec 2020 04:23:47 GMT

Germany to add €1.5M to Thyssenkrupp's plant

Germany is set to make a €1.5M contribution to Thyssenkrupp's planned hydrogen electrolysis factory in Saudi Arabia within a strategy to support hydrogen technology.

Wed, 16 Dec 2020 21:44:38 GMT

UBS to sell Austrian business to LGT

UBS is set to sell its wealth management business in Austria to Liechtenstein-based bank LGT, the Swiss banking giant stated on Wednesday.

Wed, 16 Dec 2020 20:48:29 GMT

StockX gets $275M in funding round

StockX announced that it raised $275M in a financing round led by Tiger Global Management, valuing the e-commerce startup at $2.8B.

Wed, 16 Dec 2020 20:02:47 GMT

Upstart's shares surge in market debut

Upstart Holdings' shares increased 30% in their Nasdaq debut, giving the cloud-based AI lending platform $1.88B market capitalization.

Wed, 16 Dec 2020 19:00:40 GMT

World Bank: Cambodia economy to expand in 2021

The economy of Cambodia is projected to expand 4% in 2021 after a contraction in 2020, a statement published by the World Bank shows.

Wed, 16 Dec 2020 18:00:47 GMT

Greece projects economy to grow 4.8% in 2021

The Greek economy is expected to expand 4.8% in 2021, a statement published by the Greek Prime Minister Kyriakos Mitsotakis shows.

Wed, 16 Dec 2020 16:48:24 GMT

Samsung, IBM tie up over edge computing

Samsung Electronics has signed a cooperation agreement with IBM on Wednesday to combine private 5G networks with the "edge computing", as the companies aim to help their customers automate production.

Wed, 16 Dec 2020 15:42:35 GMT

Zoom to establish R&D centre in Singapore

On Wednesday, Zoom Video Communications announced its plans to expand its footprint in Singapore by setting up a research & development centre as well as immediately hiring hundreds of new staff for the operations.

Wed, 16 Dec 2020 14:41:32 GMT

Bitcoin hits new all-time high

On Wednesday, the price for Bitcoin passed the 20,000.00 mark and immediately reached the resistance of the 20,800.00 level.

Wed, 16 Dec 2020 13:52:14 GMT

World Bank sees Russian economic growth

The World Bank is expecting the Russian economic growth in 2021, potentially due to the COVID-19 vaccine impact, but warned Russian banks there might be still tough times ahead.

Wed, 16 Dec 2020 12:41:05 GMT

FCA to spend $150M on India global tech centre

On Wednesday, Fiat Chrysler Automobiles stated it was planning to spend $150M to establish India's global technology centre.

Wed, 16 Dec 2020 11:59:04 GMT

BP buys majority stake in Finite Carbon

BP has taken a stake in Finite Carbon, the biggest US carbon offset developer, the oil giant announced on Wednesday, as it seeks to build a new stream of revenue.

Wed, 16 Dec 2020 10:41:37 GMT

Stock prices surge

During Wednesday's European trading hours, stock indices surged, as the US Dollar reached a historical low level.

Wed, 16 Dec 2020 10:25:03 GMT

Cathay Pacific expects H2 loss much higher

Cathay Pacific Airways is expecting its second-half loss to be "significantly higher" than the first-half reading, tumbled by low demand due to the coronavirus pandemic.

Wed, 16 Dec 2020 09:30:34 GMT

ZeroAvia secures $21.4M in funding

On Wednesday, ZeroAvia, the hydrogen plane start-up, announced it secured $21.4M in a round of funding led by Breakthrough Energy Ventures aiming to build zero-emission commercial aircraft.

Wed, 16 Dec 2020 07:43:11 GMT

ContextLogic raises $1.1B in IPO

The e-commerce firm ContextLogic attracted $1.1B in the initial public offering held on Tuesday by selling its shares at $24 apiece, at the top of the company's target range.

Wed, 16 Dec 2020 07:32:33 GMT

Honda recalls 1.79M car units worldwide

Honda Motor has started to recall 1.79M vehicles across the world amid safety issues, including 1.4M units in the United States.

Wed, 16 Dec 2020 06:03:14 GMT

EU plans to shift funding away from natural gas

On Tuesday, the European Commission proposed a rewrite of the EU's TEN-E rules, which guided $5.71 billion in EU cash to energy projects over the last decade.

Wed, 16 Dec 2020 05:02:39 GMT

US tech giants face up to 10% fines in EU

On Tuesday, the European Union announced that big tech companies could face hefty fines between 6-10% of their yearly turnover under new draft rules.

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