News

Note: This section contains information in English only.
Tue, 27 Oct 2020 18:57:05 GMT

Tiffany, LVMH to agree on dispute settlement

Tiffany & Co and LVMH were in talks to settle their dispute on a $1B takeover at a slightly lower price than that primarily agreed.

Tue, 27 Oct 2020 18:05:46 GMT

Motional, Via to start US robotaxi service

Hyundai Motor's self-driving JV Motional and transit technology company Via partnered to launch a robotaxi service in the US in 2021.

Tue, 27 Oct 2020 16:42:24 GMT

Nissan to increase output capacity in China

Nissan Motor announced plans to raise production capacity in China 30% in 2021, aiming to draw a recovery in demand in the world's largest auto market.

Tue, 27 Oct 2020 15:42:46 GMT

Spain to raise taxes on wealthy, companies

Spain's left-wing government revealed plans to hike taxes on top earners and large companies to finance higher spending on infrastructure and social care in 2021 budget.

Tue, 27 Oct 2020 14:48:26 GMT

Shopify partners with TikTok

Shopify, the Canadian e-commerce firm, announced it would team up with TikTok to lure more merchants to the video-sharing app, seeking to grow the customer base.

Tue, 27 Oct 2020 14:36:07 GMT

Waymo, Daimler to tie up over truck development

On Tuesday, Daimler's commercial truck arm and Alphabet's Waymo stated they would partner over the development of the autonomous Class 8 semi-trucks by applying Waymo-made self-driving system to the Daimler's Freightliner Cascadia.

Tue, 27 Oct 2020 12:43:05 GMT

AMD to acquire Xilinx in $35B deal

On Tuesday, the semiconductor designer AMD announced its plans to acquire Xilinx Inc in a $35B worth all-stock deal, enhancing its competition with Intel in the data centre chip market.

Tue, 27 Oct 2020 12:02:36 GMT

Harley US sales drops on weak demand

On Tuesday, Harley-Davidson has posted a 9.8% plunge in its Q3 revenue as the coronavirus pandemic hit the global motorcycle demand.

Tue, 27 Oct 2020 10:42:24 GMT

Crude oil remains near $40

During Tuesday's European trading hours, crude oil prices continued to fluctuate near the $40 mark, as output shutdowns balanced the coronavirus caused decline of demand.

Tue, 27 Oct 2020 09:45:32 GMT

Toyota-Panasonic JV to bolster efficiency

Toyota Motor-Panasonic's joint battery venture is seeking to bolster efficiency of its development and manufacturing processes by ten times to catch up with bigger Chinese rivals.

Tue, 27 Oct 2020 09:35:31 GMT

HSBC plans business model restructuring

On Tuesday, HSBC Holdings announced it would revamp its business model, as lower interest rates hit the company's profit.

Tue, 27 Oct 2020 07:47:09 GMT

Facebook launches cloud gaming feature

Facebook rolled out a new cloud gaming tool on its platform, allowing users to stream, as well as play games without downloading.

Tue, 27 Oct 2020 07:03:16 GMT

Twilio tops profit outlook

Twilio reported a surprise Q3 profit and expects it sales to be above forecasts for the Q4, boosted by remote learning and work during the pandemic.

Tue, 27 Oct 2020 05:42:36 GMT

Investors' appetite for Ant's record IPO rises

Investors line up for Ant Group's record $34.4B initial public offering, the biggest stock market debut in the world, despite potential risks to face greater scrutiny abroad and at home.

Tue, 27 Oct 2020 05:01:44 GMT

AIG appoints new Chief Executive

American International Group appointed its President Peter Zaffino as a new CEO on Monday, while also announcing its plans for a spin-off of the life and retirement business arm.

Tue, 27 Oct 2020 04:07:24 GMT

EU watchdog approves LVMH-Tiffany deal

The European Commission has granted its approval for $16B acquisition of Tiffany & Co by LVMH, France's luxury goods group, according to the US jeweller's statement made on Monday.

Mon, 26 Oct 2020 22:07:20 GMT

Starbucks, Yum sales seen to recover

The US restaurant chains such as Starbucks and Yum Brands are likely to report a recovery in sales as consumers have resumed their normal activities; however, higher wages and coronavirus-related costs may hurt the firms' earnings.

Mon, 26 Oct 2020 21:10:10 GMT

Polish economy to contract 4.25% in 2020

The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.

Mon, 26 Oct 2020 20:00:58 GMT

Morocco economy to shrink 2% in 2020

The economy of Morocco is expected to shrink by 2% in 2020, a statement published by the European Bank for Reconstruction and Development shows.

Mon, 26 Oct 2020 19:09:21 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

Mon, 26 Oct 2020 18:10:05 GMT

Moody's cuts India growth forecast

Moody's Investors Service revised India's economic growth forecast to 0% for the fiscal year 2021, data published by the company show.

Mon, 26 Oct 2020 15:04:06 GMT

Johnson comments on Brexit talks

The Prime Minister of the United Kingdom Boris Johnson stated on Monday that a Brexit decision is separate from the US election results.

Mon, 26 Oct 2020 14:23:03 GMT

Fiat and PSA receive EU approval

On Monday, Fiat Chrysler and PSA received the approval of the European Union for a $38 billion worth merger.

Mon, 26 Oct 2020 12:41:54 GMT

EU negotiates trade with UK

It was revealed on Monday that Michel Barnier has been sent to the UK to continue to negotiate a trade deal between the EU and the UK.

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