Levant news

3 March 2021 10:43 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 02:32 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 01:05 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 01:51 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 00:59 PM 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 00:38 PM 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 03:20 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 01:17 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 10:37 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 09:41 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 00:08 PM 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 11:49 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 00:21 PM 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 11:58 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 11:43 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 10:26 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.

Oil and Energy

8 February 2021 02:36 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 10:26 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 02:54 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.

Oil and Energy

25 January 2021 01:32 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 10:20 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 09:19 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

20 January 2021 02:49 PM Biden to be sworn in as US President on Wednesday

Biden announced an ambitious agenda for his first 100 days, including administering 100 million doses of coronavirus vaccinations.

Global Reports

20 January 2021 00:04 PM Bahrain expected to raise $2 billion in bond sale

The debt sale comes after the Covid-19 pandemic and low oil prices exacerbated Bahrain’s fiscal deficit and pushed total outstanding debt to nearly $40 billion.

Global Reports