News

Note: This section contains information in English only.
Fri, 14 May 2021 12:00:09 GMT

UK SFO searches in Gupta's GFG Alliance

The UK's Serious Fraud Office has launched an investigation into suspected fraud, money laundering and fraudulent trading at the GFG Alliance conglomerate, the steel magnate, including its financing accords with the collapsed Greensill Capital.

Fri, 14 May 2021 10:55:44 GMT

Amazon to add 10K new jobs in UK

Amazon is planning to create 10K new permanent job positions in Britain this year, taking the company's total UK workforce to over 55K, it stated on Friday.

Fri, 14 May 2021 10:00:12 GMT

Stock indices recover

During Friday's European trading hours, stock indices around the world recovered, as the Federal Reserve had calmed down inflation fears.

Fri, 14 May 2021 09:00:06 GMT

Tesla discusses battery supply deal

Tesla has entered talks with EVE Energy, the Chinese battery maker, to add the company to its factory supply chain in Shanghai, as Tesla seeks to bolster the lower-cost batteries procurement.

Fri, 14 May 2021 07:51:54 GMT

Toshiba sees 63% annual profit jump

On Friday, Japan's Toshiba said it expected a 63% surge in its annual operating profit as pandemic and restructuring measures yielded results.

Fri, 14 May 2021 07:00:10 GMT

Fisker completes deal with Foxconn

The electric carmaker Fisker and Foxconn Technology have finalised their vehicle-assembly deal, including plans to establish a US factory in 2023, both companies said earlier this week.

Fri, 14 May 2021 06:00:29 GMT

Disney posts mixed results

Walt Disney said its streaming growth missed Wall Street expectations following robust consumer demand during the start of the pandemic, but reported its quarterly profit above estimates.

Fri, 14 May 2021 05:00:08 GMT

Google to provide cloud services to SpaceX

Google announced it had won a deal for providing its cloud services to SpaceX, which launched the Starlink satellites to ensure high-speed internet.

Fri, 14 May 2021 04:00:07 GMT

Amazon to employ 75K workers

Amazon.com is planning to hire 75K new workers, offering $100 extra for the COVID-19 vaccination proof, as the world's biggest e-commerce retailer seeks more employees for logistics operations.

Fri, 14 May 2021 03:00:10 GMT

Hyundai plans $7.4B US investment

Hyundai Motor Group is planning a further US investment worth $7.4B by 2025 to manufacture electric vehicles, upgrade output facilities as well as invest more in smart mobility solutions.

Thu, 13 May 2021 22:32:53 GMT

Airbnb tops Wall Street's forecasts

Airbnb topped Wall Street's estimates for its Q1 gross revenue, with bookings surging 52%, as easing restrictions and COVID-19 vaccinations spurred vacation rental demand.

Thu, 13 May 2021 20:00:06 GMT

Binance under investigation by IRS, US DOJ

Bloomberg reported on Thursday that Binance is under probes by the US Justice Department and the IRS. The news sent Binance Coin sharply lower, nearly 12% for the trading session.

Thu, 13 May 2021 19:16:46 GMT

Google to supply cloud service to SpaceX

Google won a deal to supply cloud services to Elon Musk's SpaceX, which launched plenty of Starlink satellites to provide high-speed internet.

Thu, 13 May 2021 18:00:08 GMT

Samsung raises investment in non-memory chips

On Thursday, Samsung Electronics increased its non-memory chips investment to $151 billion through 2030.

Thu, 13 May 2021 17:00:08 GMT

US weekly unemployment claims decline

As reported by the US Labor Department on Thursday, the number of Americans filing for new unemployment benefits declined last week.

Thu, 13 May 2021 16:00:07 GMT

Tesla stops car purchases with Bitcoin

Tesla will stop accepting digital currency Bitcoin for vehicle purchases, Tesla's Chief Executive Officer Elon Musk said on Wednesday.

Thu, 13 May 2021 15:00:06 GMT

Wall Street's main indexes open higher

Wall Street's main indexes edged higher on Thursday. The Dow Jones Industrial rose by 0.11% at the open, while the S&P 500 surged by 11.95 points or 0.29%.

Thu, 13 May 2021 14:00:07 GMT

McDonald's boosts employee pay

On Thursday, McDonald's Corporation announced a 10% pay increase in nearly 660 US restaurants.

Thu, 13 May 2021 13:00:07 GMT

US government comments on fuel

The United States Energy Secretary Jennifer Granholm revealed on Thursday that the US fuel shortages should end by the end of the day.

Thu, 13 May 2021 12:14:14 GMT

Alibaba issues new forecast

On Thursday, Alibaba issued an increased annual earnings forecast, which was based upon good e-commerce trends.

Thu, 13 May 2021 10:00:08 GMT

Inflation causes stock decline

On Thursday, stock markets around the globe declined, as a sell off was caused by higher than expected US inflation data being released on Wednesday.

Thu, 13 May 2021 09:26:21 GMT

Rolls-Royce keeps its 2021 guidance

UK engineering giant Rolls-Royce is sticking to its 2021 outlook for the positive free cash flow on the back of expected rebound in economy and travelling.

Thu, 13 May 2021 05:00:08 GMT

Bird to go public in blank-check deal

Bird Rides stated that it is set to merge with blank-check firm Switchback II Corp to go public in a deal, which would value the EV scooter rental firm at $2.3B.

Thu, 13 May 2021 04:00:09 GMT

Skanska to invest $476M in US project

Sweden's Skanska stated that it would invest $476M in its largest commercial property project to date, office buildings near Seattle in the US.

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