News

Note: This section contains information in English only.
Sat, 15 May 2021 17:33:20 GMT

Easyjet's Chairman to resign in 2022

John Barton, EasyJet's Chairman, is getting ready to step down from his role in May 2022 following almost ten years in the company, the UK airline stated on Saturday.

Sat, 15 May 2021 16:57:56 GMT

FAA requires check for jet wire failure

The Federal Aviation Administration has required US operators of 143 Boeing's 737 Classic aircraft inspection for potential wire failures following searches into Indonesia's crash in January.

Sat, 15 May 2021 16:15:43 GMT

Marqeta unveils revenue doubling

Marqeta, the payment card issuer, has unveiled its revenue doubling in 2020 in its US initial public offering filing, after the COVID-19 pandemic fuelled a boom in food delivery and online shopping payments.

Sat, 15 May 2021 15:00:08 GMT

TSMC considers to pump in US chip plants

Taiwan Semiconductor Manufacturing is considering to double the investment it had previously announced in the cutting-edge chip plants in the United States, but still sceptical on prospects over the advanced EU plant.

Sat, 15 May 2021 14:00:07 GMT

NerdWallet submits paperwork for IPO

Personal finance start-up NerdWallet Inc has confidentially filed for the US initial public offering and hired a Morgan Stanley-led group of investment lenders to arrange the listing this year.

Sat, 15 May 2021 12:51:47 GMT

China, Russia launch new trade route

According to the Xinhua news agency, a new air trade route was launched between China's Xi'an and Russia's Novosibirsk this week.

Sat, 15 May 2021 12:15:23 GMT

Speedway purchase likely to be illegal

According to the Federal Trade Commission, the finalization of Speedway acquistion by 7-Eleven most probably would breach the law.

Sat, 15 May 2021 10:48:27 GMT

Cairn Energy sues Air India

Cairn Energy filed a lawsuit against Air India to enforce an award worth $1.2B that it had won in the court of arbitration.

Sat, 15 May 2021 10:00:11 GMT

Washington experience gasoline shortage

On Friday, many gasoline stations in Washington ran out of gasoline despite the recovery of Colonial Pipeline.

Sat, 15 May 2021 09:00:07 GMT

White House comments tax hike

According to the White House analytics, the proposed by the administration tax increase would concern not more than 3% of small businesses.

Sat, 15 May 2021 08:00:11 GMT

US business inventories rise

US business inventories increased 0.3% in March from the previous month, a report published by the US Department of Commerce shows.

Sat, 15 May 2021 07:30:23 GMT

US retail sales stall

US retail sales stalled in April after an increase of 10.7% in March, data published by the US Commerce Department show.

Fri, 14 May 2021 20:00:08 GMT

Chip shortage to cost carmakers $110B in revenues

On Friday, consulting company AlixPartners announced that the semiconductor chip shortage would cost carmakers $110B in lost revenues in 2021.

Fri, 14 May 2021 19:00:09 GMT

GFG to cooperate with UK's SFO investigation

On Friday, Sanjeev Gupta's commodities empire GFG announced that it would fully cooperate with Britain's Serious Fraud Office fraud investigation.

Fri, 14 May 2021 18:00:08 GMT

Fisker signs deal with Foxconn to build EVs

Fisker Inc has signed an agreement with Foxconn Technology to manufacture EVs in the United States starting in 2023, both firms announced on Thursday.

Fri, 14 May 2021 17:00:07 GMT

UK's SFO launches investigation into Gupta's GFG

The UK's Serious Fraud Office has opened an investigation into suspected fraud, money laundering and fraudulent trading at Sanjeev Gupta's metal empire.

Fri, 14 May 2021 16:00:08 GMT

Orange to fire 485 employees in Spain

Orange will fire about 485 employees in Spain in the coming weeks, the French telecommunications operator announced on Friday.

Fri, 14 May 2021 15:00:06 GMT

US retail sales stalled in April

As reported by the US Commerce Department on Friday, US retails sales were unchanged last month.

Fri, 14 May 2021 13:41:57 GMT

Chip deficit to cost carmakers $110B in revenues

The semiconductor chip shortage that hit the carmakers around the world will cost them $110B in lost revenues in 2021, topping the previous forecast of $61B, with an outlook the crisis is likely to hit the output of 3.9M vehicles.

Fri, 14 May 2021 13:13:46 GMT

Foxconn eyes Q2 revenue jump

On Friday, Taiwan's Foxconn said it was anticipating a 15% surge in its Q2 revenue amid extension of the remote work boom caused by the coronavirus pandemic that drove the consumer devices demand.

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.

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