News

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Sun, 15 Nov 2020 04:13:49 GMT

GM recalls around 69K Bolt EVs

General Motors is recalling 68,677 Chevrolet Bolt electric vehicles worldwide due to potential fire risk following reports of five fires and two injuries.

Sun, 15 Nov 2020 01:39:24 GMT

Nio stock down on Citron targeting EV maker

Nio's shares were down nearly 1% to $47.79 after Citron Research recommendation of stock sale on the back of pricing pressure caused by its larger rival Tesla in China market.

Sat, 14 Nov 2020 21:02:29 GMT

Qualcomm to sell chips to Huawei

On Friday, the US government issued Qualcomm Inc a license to sell 4G chips to Huawei.

Sat, 14 Nov 2020 20:19:47 GMT

Gulfport Energy files for bankruptcy

On Friday, the US natural gas company Gulfport Energy Corp filed for bankruptcy amid the coronavirus impact on the industry.

Sat, 14 Nov 2020 18:50:28 GMT

UK to ban sale of new diesel and petrol cars

According to the FT report published on Saturday, the UK PM Boris Johnson is expected to give a speech next week to announce a ban on the sale of new diesel and petrol-powered cars from 2030.

Sat, 14 Nov 2020 17:59:18 GMT

Chinese regulatory warns of oligopolies

On Saturday, the Chinese Banking and Insurance Regulatory Commission said that innovation should not undermine healthy competition or create barriers to entry.

Sat, 14 Nov 2020 17:07:43 GMT

WU to suspend US money transfers to Cuba

Western Union announced on Friday that it was suspending money transfers from the United States to Cuba in ten days due to the latest US sanction.

Sat, 14 Nov 2020 15:58:03 GMT

Trump's supporters to protest election results

President Donald Trump's supporters plan to protest the US election results on Saturday in Washington DC and other cities.

Sat, 14 Nov 2020 15:02:21 GMT

President-elect Biden solidifies election win

On Friday, President-elect Joe Biden consolidated his victory over President Donald Trump after winning the state of Georgia.

Sat, 14 Nov 2020 13:59:54 GMT

O'Brien to represent US at Asia summit

Robert O'Brien, the US National Security Adviser, will represent the United States at the Association of Southeast Asian Nations summits, the White House announced on Friday.

Sat, 14 Nov 2020 13:03:17 GMT

GM recalls 69K EVs

General Motors Co decided on Friday to recall 69K Chevrolet Bolt electric vehicles worldwide amid a fire risk.

Sat, 14 Nov 2020 12:25:44 GMT

China warns about oligopolies

The China Banking and Insurance Regulatory Commission warned on Saturday that innovations in the financial sector should not lead to creation of oligopolies and unfair competition.

Sat, 14 Nov 2020 11:43:13 GMT

Google and DoJ fail to reach agreement

The US Justice Department and Google did not reach an agreement over the latter's request to get access to confidential data to prepare its defense position.

Sat, 14 Nov 2020 10:34:38 GMT

Guitar Center enters restructuring agreement

The US Guitar Center Inc on Friday made a restructuring deal with the main stakeholders that would allow to reduce debt by $800M.

Sat, 14 Nov 2020 08:44:49 GMT

US consumer sentiment declines in November

According to the University of Michigan, the US consumer sentiment index declined to 77 early November from a final reading of 81.8 in October.

Sat, 14 Nov 2020 08:01:54 GMT

Pelosi criticizes Facebook

On Friday, Nancy Pelosi, the Speaker of the US House of Representatives, said that Facebook Inc was part of the problem on election misinformation.

Sat, 14 Nov 2020 06:55:32 GMT

British PM's top adviser Cummings resigns

Dominic Cummings, the Chief Adviser to the Prime Minister of the United Kingdom Boris Johnson, has resigned with immediate effect, BBC's political editor Laura Kuenssberg said on Friday.

Sat, 14 Nov 2020 05:42:33 GMT

Ford considers making own EV batteries

Ford Motor's CEO Jim Farley said on Friday that the company was considering manufacturing its own electric vehicle battery cells.

Sat, 14 Nov 2020 05:24:22 GMT

US grants ByteDance 15-day extension

The US Treasury Department has granted ByteDance a fifteen-day extension to restructure ownership of its video app TikTok in the United States, the Chinese firm stated in a court document on Friday.

Sat, 14 Nov 2020 04:01:18 GMT

SEC indicts former Wells Fargo executives

The US Securities and Exchange Commission on Friday indicted former Wells Fargo Chief Executive John Stumpf and head of Wells Fargo's Community Bank Carrie L. Tolstedt with misleading investors.

Sat, 14 Nov 2020 03:01:31 GMT

Nio Inc shares decline

On Friday, shares of Nio Inc edged lower after short-seller Citron assigned a $25 price target on the electric vehicle producer stock.

Fri, 13 Nov 2020 20:45:51 GMT

Orange to recover €2.2B in tax

Orange stated that a favourable decision by the State Council on a tax dispute is set to allow France's telecoms group to recoup nearly €2.2B.

Fri, 13 Nov 2020 19:28:07 GMT

Ford eyes producing own EV batteries

Ford Motor's CEO announced that the carmaker was considering making battery cells on its own, as electric car sales volumes grew around the world.

Fri, 13 Nov 2020 19:20:27 GMT

Comcast to add VC firm to corporate division

Comcast Corp announced that Comcast Ventures, the corporate venture capital company, is set to be added to the firm's strategic business development team at the cable segment.

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