News

Note: This section contains information in English only.
Tue, 16 Jun 2020 16:49:40 GMT

Carrefour to expand via voice service

On Tuesday, Carrefour and Google announced they would launch a new service of voice grocery shopping in France, as the French retailer seeks to boost its expansion into the food e-commerce.

Tue, 16 Jun 2020 15:42:53 GMT

AB Volvo to trim white-collar workforce

AB Volvo is planning to slash the white-collar workforce by about 4,100 jobs during the current year's second half due to the negative impact of the COVID-19 pandemic, it stated on Tuesday.

Tue, 16 Jun 2020 15:32:30 GMT

US retail sales at record-high level

The US retail sales jumped as much as 17.7% in May after two consecutive months of declines due to the coronavirus pandemic, as businesses reopened after the lockdowns.

Tue, 16 Jun 2020 14:30:09 GMT

EU watchdog to decide on Google-Fitbit deal in July

The EU antitrust regulators are set to pass their verdict Google's $2.1B bid for Fitbit, the fitness trackers company, by July 20; a deal that raised concerns from privacy advocates and consumer groups.

Tue, 16 Jun 2020 12:44:08 GMT

EU watchdog to search Apple's apps

On Tuesday, two EU antitrust regulators announced it would investigate into Apple's Apple Pay and App Store over their terms, conditions and restrictions that could potentially violate the EU competition rules.

Tue, 16 Jun 2020 12:27:46 GMT

Amazon rolls out tech system for social distancing

On Tuesday, Amazon.com has released a new technology-aided system at its facilities designed to maintain workers' social distancing, called "Distance Assistant".

Tue, 16 Jun 2020 11:36:09 GMT

Tencent seeks buying biggest stake in iQIYI

Tencent Holdings is planning to become the largest shareholder in iQIYI Inc, the video streaming rival, aiming to counter competition and lower costs in a sector driven by lockdowns.

Tue, 16 Jun 2020 10:30:02 GMT

Stimulus restarts stock surge

On Tuesday, global stock indices resumed their rally, as central banks announced that additional stimulus would be made.

Tue, 16 Jun 2020 09:22:47 GMT

Amazon Pay joins Adyen's list of offering

Adyen, the Dutch-based online payments company, has added Amazon Pay to the range of its various payment options available to customers in the Netherlands, Germany, Spain, Italy, France and the UK.

Tue, 16 Jun 2020 08:24:17 GMT

US likely to post record surge in May retail sales

The US is expected to report a record jump in its retail sales in May after 2.5M of Americans returned to work after the coronavirus lockdowns.

Tue, 16 Jun 2020 07:03:11 GMT

GM head optimistic about US demand

General Motors's Chief Executive Mary Barra expressed her optimism regarding new vehicle demand in the United States despite the coronavirus crisis, adding she also expected electric car sales at a profit in China.

Tue, 16 Jun 2020 06:36:06 GMT

Southeast Asia's Grab announces layoffs

Grab, the Southeast Asian payments and ride-hailing company backed by SoftBank Group, has announced hundreds of layoffs this Tuesday, amid experiencing a negative impact from the coronavirus crisis.

Tue, 16 Jun 2020 04:40:42 GMT

Crude oil prices rise

On Monday, crude oil price benchmarks surged by more than 2%, as oil producers continued to cut production.

Tue, 16 Jun 2020 04:30:44 GMT

Fed begins corporate bond purchase

The US Federal Reserve announced on Tuesday that it would begin a corporate bond purchasing program.

Tue, 16 Jun 2020 03:31:46 GMT

Tesla negotiates with state of Texas

On Monday, a report released by Reuters revealed that Tesla has been negotiating about incentives with the state of Texas.

Mon, 15 Jun 2020 21:06:56 GMT

Stocks rebound on Monday

During Monday's US trading hours, stock prices surged, as the Federal Reserve announced new stimulus measures.

Mon, 15 Jun 2020 19:49:25 GMT

Travis Perkins to cut 2.5K positions

Travis Perkins, the UK largest building materials group, is set to slash around 2.5K jobs or 9% of workforce, warning that recession caused by the crisis will hit demand.

Mon, 15 Jun 2020 18:43:12 GMT

WhatsApp introduces digital payment in Brazil

Facebook's WhatsApp messaging service implemented a system in Brazil, which will allow to send money to local businesses or individuals within chat.

Mon, 15 Jun 2020 18:17:08 GMT

Tata Motors to cut 1.1K JLR jobs

India's Tata Motors is set to to shed about 1.1K temporary jobs at Jaguar Land Rover after it increased the cost-cutting target at the unit by $1.26B.

Mon, 15 Jun 2020 16:51:19 GMT

Fed rolls out Main Street lending programme

The Federal Reserve has launched registration for lenders that are eager to participate in the Main Street Lending Programme, which is designed for companies that need financing to retain their fund operations and employees after the pandemic hit.

Mon, 15 Jun 2020 16:15:15 GMT

Tesla's car registrations in China rise in May

Tesla's Chinese car registrations, including imported vehicles, surged as much as 150% to 11,565 units month-on-month in May, compared to April's reading of 4,633 cars, according to LMC Automotive data.

Mon, 15 Jun 2020 15:31:27 GMT

Nokia to supply 10% of Unicom's 5G network

Nokia, Finland's telecom equipment maker, is set to supply 10% of China Unicom's 5G core network, according to its CEO Rajeev Suri.

Mon, 15 Jun 2020 14:25:38 GMT

Delta to resume flights from June 18

On Monday, the Shanghai government has granted its approval to Delta Air Lines to resume its flights starting from June 18, setting the stage for the airline to revive services to China after lockdowns.

Mon, 15 Jun 2020 13:36:55 GMT

Walmart ties up with Shopify

On Monday, Walmart stated it was partnering with the e-commerce company Shopify, aiming to expand the online marketplace business, as well as cash in on a surge in online shopping driven by the coronavirus lockdowns.

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