News

Note: This section contains information in English only.
Tue, 11 May 2021 06:54:08 GMT

Dell CEO eyes chip shortage to persist

Dell Technologies' founder and CEO Michael Dell sees the semiconductor chip shortage lasting a few years more, he told the Handelsblatt newspaper on Tuesday.

Tue, 11 May 2021 06:33:00 GMT

Gordon Murray Group to build electric cars

On Tuesday, the Gordon Murray Group announced it is planning a £300M expansion during the following five years, including the development of electric vans and SUVs for carmakers, shifting its focus to all-electric supercars.

Tue, 11 May 2021 05:00:09 GMT

Hackers comment on pipeline hack

On Monday, the hacker group that crippled the US fuel pipeline system revealed that it was after a cash buyout instead of creating mayhem.

Tue, 11 May 2021 04:00:08 GMT

US government comments on Tesla crash

The US National Transportation Safety Board revealed on Monday that the Tesla autopilot was not at fault at a recent car crash in Texas.

Tue, 11 May 2021 03:00:08 GMT

Lufthansa repays bailout

On Monday, Lufthansa announced that it would raise $3B in new capital to repay the initial coronavirus government bailout.

Mon, 10 May 2021 21:00:08 GMT

Dow reaches new high

During Monday's US trading hours, the Dow Jones index reached a new all-time-high level.

Mon, 10 May 2021 20:00:08 GMT

Rolls-Royce relaunches Norwegian unit sale

Rolls-Royce put its Norway-based maritime engine unit Bergen on sale again, less than two months after Norway stopped a deal for purchase by a Russian company.

Mon, 10 May 2021 19:00:31 GMT

Lufthansa's Swiss unit to slash jobs, flights

Lufthansa subsidiary Swiss International is set to cut fleet 15% and workforce by up to 780 more positions, the airline stated on Thursday, in response to the slump during the pandemic.

Mon, 10 May 2021 18:00:07 GMT

Chipotle raises minimum wage to $15

On Monday, Chipotle Mexican Grill announced plans to raise the minimum wage to $15 an hour by the end of next month.

Mon, 10 May 2021 17:00:07 GMT

Global equities edge higher

On April 10, global stocks edged higher on optimism that interest rates would remain lower for a longer period.

Mon, 10 May 2021 16:00:07 GMT

Ethereum surges above $4000

During Monday's trading session, Ethereum, the second-largest cryptocurrency by market capitalization, surged past $4,000 to hit a new record high.

Mon, 10 May 2021 15:00:07 GMT

Dow hits record high

On Monday, the Dow Jones Industrial Average hit an all-time high on bets that interest rates will remain low due to declining inflationary pressure.

Mon, 10 May 2021 14:00:14 GMT

Marriot posts losses

Marriot International posted quarterly losses on Monday, as the company was hurt by the ongoing collapse of the travel industry.

Mon, 10 May 2021 13:00:07 GMT

Panasonic forecasts new profits

On Monday, Panasonic announced that it is increasing its profit forecast due to a surge in battery sales.

Mon, 10 May 2021 12:00:10 GMT

US unions conflict with Mexico

It was revealed by Reuters on Monday that US unions had petitioned the US government with labour complaints against Mexico.

Mon, 10 May 2021 11:24:05 GMT

Stock futures hover near ATH

On Monday, US stock futures hovered near all-time-high levels, as the previous week's surge continued.

Mon, 10 May 2021 08:00:08 GMT

S.Korea, Israel to sign free trade deal

According to the Israeli Economy Ministry, South Korea and Israel will sign a free trade deal this week.

Mon, 10 May 2021 07:00:07 GMT

Crude oil prices edge higher

On Monday, crude oil prices edged higher after ransom-seeking hackers broke into the Georgia-based Colonial Pipeline.

Mon, 10 May 2021 06:00:08 GMT

Asian equities edge higher

On Monday, Asian equity markets edged higher, boosted by optimism for low interest rates.

Mon, 10 May 2021 05:00:07 GMT

Israel budget deficit declines

Israel's annual budget deficit declined to $48.8B, a report published by the Israeli Ministry of Finance shows.

Mon, 10 May 2021 04:00:18 GMT

SpaceX accepts Dogecoin to launch lunar mission

SpaceX will accept Dogecoin to help launch a lunar mission in the first quarter of 2022, the company says.

Mon, 10 May 2021 03:00:10 GMT

US dollar share in bank reserves drops

The share of US dollar in foreign exchange reserves of central banks declined to a 25-year low, data published by the International Monetary Fund show.

Sun, 09 May 2021 20:51:44 GMT

SEB cuts Latvia growth forecast

SEB, one of the leading banks in Latvia, lowered Latvia's 2021 economic growth estimate to 3.7% from 3.9%, a report published by the bank shows.

Sun, 09 May 2021 20:00:07 GMT

Ford Motor recalls nearly 617K Explorer SUVs

Ford Motor announced on Sunday that it is recalling about 617,000 Explorer SUVs in the United States because of faulty retention pins.

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