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Levant news

8 March 2021 01:45 PM EU approves Microsoft's $7.5bn acquisition of ZeniMax Media
 The European Commission has approved Microsoft's $7.5 billion acquisition of ZeniMax Media.
Global Reports
8 March 2021 10:11 AM Panasonic set to acquire US Blue Yonder for $6.5bn
Panasonic is arranging for acquiring Blue Yonder, a US software company focusing on supply chain management.
Global Reports
7 March 2021 01:33 PM US Senate passes Biden's $1.9 trn relief plan
The US Senate has passed President Joe Biden’s $1.9 trillion coronavirus (COVID-19) relief plan.
Global Reports
3 March 2021 09:43 AM Samsung considers four sites in US for $17bn chip plant
Samsung Electronics Co is considering two sites in Arizona and two others in New York and Texas’ Austin for a new $17 billion chip plant.
Global Reports
2 March 2021 01:32 PM What Do Smartphones Bring to the Table in 2021?
The iPhone 12, along with Samsung Galaxy S21 Ultra and the Huawei Mate 40 Pro, have helped drive consumer demand.
Global Reports
2 March 2021 00:05 PM Target earnings exceed estimates as sales grow 21%
Earnings of Target surpassed Wall Street’s estimates, as its sales were boosted by a strong holiday season and stimulus checks.
Global Reports
25 February 2021 00:51 PM Airline industry to remain cash negative in 2021 - IATA
The airline industry is forecast to continue witnessing negative cash flow in 2021 due to COVID-19.
Global Reports
25 February 2021 11:59 AM EU leaders meet to accelerate vaccine production, rollout
European Union leaders will meet to try to accelerate the production and rollout of COVID-19 vaccines in a race against the emergence of new variants.
Global Reports
23 February 2021 11:38 AM HSBC annual profit beats estimates
HSBC reported full-year earnings for 2020 that exceeded expectations and announced a dividend payout for the first time since the Covid-19 pandemic.
Global Reports
22 February 2021 02:20 PM Dozens of Boeing 777 jets grounded after Denver incident
Mubasher: Airlines in the US, South Korea, and Japan have grounded dozens of Boeing 777 airplanes after a United Airlines plane suffered engine failure.
Global Reports
18 February 2021 00:17 PM Airbus announces EUR 1.133bn losses in 2020
Airbus announced consolidated net losses of EUR 1.133 billion in 2020, compared to EUR 1.362 billion in 2019.
Global Reports
18 February 2021 09:37 AM Barclays sees 38% lower annual earnings, resumes dividend payouts
Barclays logged a profit of £1.53 billion ($2.11 billion) in 2020, down by 38% from 2019.
Global Reports
18 February 2021 08:41 AM Credit Suisse moves to fourth-quarter loss
Credit Suisse turned to a better-than-expected loss in last year’s fourth quarter (Q4), driven by higher provisions for legal disputes.
Global Reports
17 February 2021 11:08 AM Ford targets all-electric car lineup in Europe by 2030
Ford Motor Co will invest $1 billion in converting its vehicle production facility in Cologne, Germany.
Global Reports
17 February 2021 10:49 AM Maersk to launch world's first carbon-neutral liner vessel in 2023
Maersk will accelerate plans to decarbonise sea-borne container shipping by putting the world’s first carbon-neutral vessel into operation in 2023.
Oil and Energy
14 February 2021 11:21 AM Oxford University to test Covid-19 vaccine response among children
The University of Oxford launched a study to assess the safety and immune response of the Oxford/AstraZeneca vaccine in children for the first time.
Global Reports
10 February 2021 10:58 AM Global trade's recovery expected to slow down in Q1-21
The recovery in global trade is expected to slow down again during Q1-2021.
Global Reports
10 February 2021 10:43 AM Maersk helped by trade recovery, but misses expectations
A hike in demand for goods from locked-down consumers has sparked a jump in shipping rates, boosting Maersk’s profits.
Global Reports
9 February 2021 09:26 AM Total records 66% lower profits in 2020 due to COVID-19
The net profits of France's Total plunged by 66% to $4.059 billion in 2020, compared to $11.828 billion in 2019.
Global Reports
8 February 2021 01:36 PM Amazon to purchase power from wind farm in the Netherlands
Amazon will purchase more than half of the energy produced by a new offshore wind farm in the Netherlands.
Global Reports
8 February 2021 09:26 AM SoftBank Group sees higher third-quarter profit
The net profits SoftBank Group Corp surged to 3.055 billion yen in the nine months ended on 31 December 2020.
Global Reports
4 February 2021 01:54 PM Shell's profits down 71% in 2020; dividends raised
The net profits of Royal Dutch Shell plunged by 71% year-on-year (YoY) to $4.8bn in 2020.
Global Reports
25 January 2021 00:32 PM Boohoo acquires Debenhams for GBP 55m; all shops to close
Boohoo Group has inked an agreement to acquire the Debenhams brands and websites in exchange for £55m.
Global Reports
24 January 2021 09:20 AM Revenue at Trump’s D.C. hotel down 62% in 2020
The revenue fell as the pandemic ravaged hospitality properties around the world.
Global Reports
24 January 2021 08:19 AM HSBC tops M&A financial advisers by value in power sector
HSBC and Ernst & Young were the top mergers and acquisitions (M&A) financial advisers in the global power sector for 2020.
Global Reports