News

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Fri, 27 Nov 2020 14:35:27 GMT

Commerzbank names new board member

On Friday, Commerzbank has appointed a new member of the board to oversee its corporate business, following the resignation of his predecessor due to differences over the lender's future.

Fri, 27 Nov 2020 13:04:20 GMT

NHTSA launches probe into 115K Tesla cars

On Friday, the US NHTSA has launched an official probe into around 115K Tesla vehicles regarding the suspension safety issues.

Fri, 27 Nov 2020 12:12:04 GMT

VW plans small EVs for masses

Volkswagen is planning to develop a small electric vehicle for the mass market, expecting tougher climate regulations, as the carmaker seeks to bolster its sales in a green era.

Fri, 27 Nov 2020 10:59:15 GMT

Stocks remain near high levels

During Friday's European trading hours, global stock indices remained near record high levels due to low liquidity, as the US retail and institutional trades were still celebrating Thanksgiving,

Fri, 27 Nov 2020 09:45:59 GMT

UK to curb tech giants with new competition rules

Britain is set to impose tougher competition rules in 2021 to prevent Facebook and Google from using their dominance that pushes out smaller companies and disadvantage consumers.

Fri, 27 Nov 2020 08:52:00 GMT

China's November factory activity likely expanded

China's factory growth likely edged up at a faster pace this month on a steady recovery of the world's second-biggest economy from the coronavirus pandemic, according to a Reuters poll.

Fri, 27 Nov 2020 08:03:10 GMT

AstraZeneca sees new global trial of vaccine

AstraZeneca's CEO stated he was expecting to run another global trial of the COVID-19 vaccine with a lower dosage, following questions on the late-stage study's results.

Fri, 27 Nov 2020 07:11:10 GMT

Volvo Cars to end dealer accords with Bilia

Volvo Cars has terminated its dealer accords with Bilia, the car dealership chain, in Norway and Sweden, covering both Bilia's car services and sales business for Volvo vehicles.

Fri, 27 Nov 2020 05:57:54 GMT

EU Web Summit to return in-person next

The Web Summit, Europe's largest technology conference, is set to return as the massive in-person event to Lisbon in 2021, following the coronavirus pandemic that forced the event to go fully online.

Fri, 27 Nov 2020 05:15:56 GMT

LG to divide affiliates into new conglomerate

South Korea's LG announced it would separate five of its affiliates into a new conglomerate in 2021 on the back of the company's restructuring plans.

Fri, 27 Nov 2020 04:03:43 GMT

Exxon, Total plan LNG deal

ExxonMobil has entered negotiations with Total about their Mozambique LNG resource-sharing deal, Reuters reported.

Thu, 26 Nov 2020 22:08:01 GMT

Amazon's German workers to launch strike

Workers at seven Amazon warehouses in Germany are planning to launch a three-day strike, which coincides with "Black Friday" on November 27.

Thu, 26 Nov 2020 20:42:48 GMT

Global shares hold near record highs

On Thursday, world stocks held close to record highs on recent hopes, as hopes for further economic stimulus, vaccine progress and Joe Biden's victory in the US election kept market bullish.

Thu, 26 Nov 2020 19:45:57 GMT

Brazil's ANAC lifts Boeing 737 Max ban

The Brazilian aviation regulator has ended the grounding of the Boeing 737 Max after the US Federal Aviation Administration cleared the jets to fly.

Thu, 26 Nov 2020 19:01:04 GMT

China, South Korea agree on Xi visit

The South Korean foreign ministry said in a statement on Thursday that Beijing and Seoul have agreed to prepare for the Chinese President Xi Jinping visit to South Korea.

Thu, 26 Nov 2020 17:00:06 GMT

Swedish Crown falls against US Dollar, Euro

On Thursday, the Swedish Crown declined against the Euro and the US Dollar after Sweden's Central Bank said it would expand and extend its quantitative easing programme.

Thu, 26 Nov 2020 16:01:30 GMT

Euro retreats against US Dollar

The common European currency declined against the US Dollar on Thursday after rising to $1.1941, its highest level since September 1.

Thu, 26 Nov 2020 15:14:55 GMT

Nissan gets $2B for US sales financing

Japanese export credit agency granted up to $2.0B to Nissan Motor as part of their credit agreement to aid with the carmaker's US car sales financing.

Thu, 26 Nov 2020 13:47:35 GMT

Maserati plans to electrify all vehicles

Maserati is planning to electrify all of its vehicles, either hybrid or fully electric, within the upcoming five years, the CEO of the Fiat Chrysler-owned premium brand said on Thursday.

Thu, 26 Nov 2020 13:28:59 GMT

Foxconn to move some output to Vietnam

Foxconn is planning to shift some of its Apple devices production in China to Vietnam to minimise the Sino-US trade war's impact.

Thu, 26 Nov 2020 11:43:10 GMT

Tesla to produce EV chargers in China

Tesla is planning to manufacture electric vehicle chargers in China staring next year, as the automaker seeks to expand its sales footprint in the world's largest car market.

Thu, 26 Nov 2020 10:46:03 GMT

Bitcoin fails to reach new high

On Thursday, the price for Bitcoin plummeted by more than six percent, as the crypto failed to reach a new historical high level.

Thu, 26 Nov 2020 09:59:15 GMT

Tesla lifts prices for Model S in Europe

Tesla has raised prices for the Model S sedan in Europe, with different rates in various countries, the electric carmaker's website shows.

Thu, 26 Nov 2020 09:12:22 GMT

South Korea's LG divide to restructure conglomerate

On Thursday, South Korea's LG stated it would restructure the LG Group conglomerate by separating its affiliates, including display Silicon Works, to establish a new conglomerate in 2021.

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