News

Note: This section contains information in English only.
Tue, 22 Jun 2021 06:00:07 GMT

Nubank announces IPO

On Monday, Nubank revealed that the Buffet backed digital bank would make an initial public offering in the United States.

Tue, 22 Jun 2021 05:00:09 GMT

IKEA pushes for clean energy

IKEA revealed on Monday that the company together with the Rockefeller foundation would pledge a billion US Dollars for a push in clean energy.

Tue, 22 Jun 2021 04:00:07 GMT

Fed comments on government bonds

On Monday, two Federal Reserve officials revealed that the Fed could start hiking interest rates after the central bank ends its government bond purchases.

Tue, 22 Jun 2021 03:00:07 GMT

Soho House plans IPO

It was revealed on Monday that Soho House intends to do an initial public offering and raise almost $100 million.

Mon, 21 Jun 2021 20:00:06 GMT

US imposes sanctions on Belarus

The US imposed sanctions on a dozen Belarusian entities and individuals, joining the UK, Canada and the EU in applying pressure for human rights abuses and democracy erosion.

Mon, 21 Jun 2021 19:00:07 GMT

China urges banks to crack down on cryptos

The People's Bank of China stated that it recently summoned some payment firms and banks, including Alipay and China Construction Bank, urging them to crack down more on crypto trading.

Mon, 21 Jun 2021 18:00:07 GMT

Amazon considers buying stake in Plus

Amazon.com ordered 1K autonomous driving systems from truck-driving technology startup Plus and was in talks to acquire a 20% stake, a source familiar with the matter said.

Mon, 21 Jun 2021 17:55:07 GMT

Global stocks recover

On Monday, stock indices around the world recovered due to a decline in the value of the US Dollar.

Mon, 21 Jun 2021 17:00:09 GMT

IKEA, Rockefellers pledge $1B in clean energy

The Rockefeller Foundation and IKEA Foundation announced their plan to set up a $1B fund to support clean energy programs in developing countries.

Mon, 21 Jun 2021 16:00:09 GMT

Revolut loss doubles to over £200M

Digital banking application Revolut announced that its annual loss doubled to over £200M as administrative costs increased from investment in compliance and risk controls.

Mon, 21 Jun 2021 15:00:08 GMT

Bitcoin down 10% on China crackdown

Bitcoin dropped almost 10% on Monday, as recent market volatility did not dampen down, while market players cited jitters over China's expanding crackdown over bitcoin mining.

Mon, 21 Jun 2021 14:00:09 GMT

Wizz Air sees full recovery next year

Europe's budget airline Wizz Air is expecting a full recovery from the COVID-19 crisis in 2022 amid rising travel demand after the pandemic, its CEO said on Monday.

Mon, 21 Jun 2021 12:47:06 GMT

Volvo Car ties up with Northvolt

Volvo Car Group is planning to partner with Northvolt, the Swedish battery maker, to develop and produce sustainable batteries for the carmaker's electric vehicles.

Mon, 21 Jun 2021 12:18:40 GMT

GameStop appoints new board member

GameStop has appointed on Monday the CEO Matt Furlong to the company's board, while the ex-Amazon executive will take charge of the video game retailer, as it shifts focus to the e-commerce.

Mon, 21 Jun 2021 07:25:44 GMT

Ackman's SPAC to acquire 10% of UMG

Pershing Square Tontine Holdings, owned by the investor William Ackman, inked a deal to acquire 10% of Vivendi's Universal Music Group for about $4.0B, the firms announced.

Mon, 21 Jun 2021 06:34:42 GMT

AmAir to trim 1% of flights in July

American Airlines is planning to cut about 1% of its July flights to serve a rebound in travel demand during the airline's struggles with labour shortage and unprecedented weather.

Mon, 21 Jun 2021 05:00:07 GMT

EU, UK partnership at crossroads

The relationship between the United Kingdom and the European Union is at a crossroads, the Vice President of the European Commission Maros Sefcovic says.

Mon, 21 Jun 2021 04:00:08 GMT

World Bank approves $450M loan to Morocco

The World Bank approved a $450M loan to support social and economic reforms in Morocco amid the pandemic, a statement published by the bank shows.

Mon, 21 Jun 2021 03:00:07 GMT

Mexico to return to pre-pandemic activity in Q3

The economy of Mexico will return to pre-pandemic level in the third quarter of this year, the President Andres Manuel Lopez Obrador says.

Sun, 20 Jun 2021 22:29:03 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of five companies on the ChiNext stock exchange.

Sun, 20 Jun 2021 20:10:18 GMT

Vivendi buys Pershing

It was revealed on Sunday, that Vivendi had bought a ten percent stake in the Universal Music Group.

Sun, 20 Jun 2021 19:19:18 GMT

Chile drafts new constitution

The government of Chile announced on Sunday that it would draft a new constitution in July 4.

Sun, 20 Jun 2021 18:38:49 GMT

ETH trades above 2,000.00

During Sunday's trading, the price for Ethereum still remained above the 2,000.00 USD mark.

Sun, 20 Jun 2021 17:26:36 GMT

South Africa comments on diamond rush

On Sunday, South African authorities announced that a recent diamond rush had found only quartz crystals.

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