Markets


Going green: Norway first to reach 50% electric in new vehicle sales Going green: Norway first to reach 50% electric in new vehicle sales
- January 08, 2021

Electric auto sales in Norway overtook those powered by petrol , diesel and hybrid engines in 2020, new data released by the Norwegian Road Federation ( OFV ) showed. For this year the association expects electric cars to account for 65 percent of new cars. Tesla's mid-sized SUV, the Model Y, is due to reach the Norwegian market this year, as are the first electric SUVs from Ford, BMW and Volkswagen. (more...)
OPEC+ meeting to decide production levels OPEC+ meeting to decide production levels
- January 08, 2021

The Organisation of the Petroleum Exporting Countries and its partners ( OPEC +) face a delicate balancing act after one of the most chaotic year in history for oil. Despite expectations about oil demand recovery in 2021, it is anticipated to remain lower than it was before the pandemic. Minister of Oil and Minister of Electricity and Water Dr. (more...)
United Kingdom rolls out $6.2 billion of business support for new lockdown United Kingdom rolls out $6.2 billion of business support for new lockdown
- January 06, 2021

Britain has offered new support to businesses expected to be hit as the country enters a third national lockdown. The Chancellor has announced new measures to help businesses in the light of the lockdown announced in the past 24 hours. Businesses should apply to their Local Authorities. "We went into tier four at one of the busiest times of the year and it wasn't just the fact that businesses had to close but it was all that lost money that had already been invested in food and drink etc". (more...)
JPMorgan Predicts 5x Bitcoin Price From Here, With a $146,000 Target JPMorgan Predicts 5x Bitcoin Price From Here, With a $146,000 Target
- January 06, 2021

Use Spotify? Access BizNews podcasts here. Bloomberg , one of the biggest financial media outlets out there, has given out an article showing that JPMorgan Chase & Co believes Bitcoin has some serious potential in long-term gains. While some argue that the cryptocurrency offers a hedge against dollar weakness and inflation risk in a world awash with fiscal and monetary stimulus, others say retail investors and trend-following quant funds are pumping up an unsustainable bubble. (more...)
Tesla almost reaches 500,000 deliveries in 2020 Tesla almost reaches 500,000 deliveries in 2020
- January 05, 2021

The electric automaker delivered 499,550 vehicles in 2020, 450 shy of CEO Elon Musk's target. It's a feature that many Tesla owners have been asking for and it's expected the automaker will soon make the feature available as an upgrade for all owners with capable cars. (more...)
US stock exchange may delist Chinese oil companies US stock exchange may delist Chinese oil companies
- January 05, 2021

In a research note, Citic Securities analysts said the delisting decision matched expectations. "Though the ADRs are not exceptionally large, there's some impact on fundraising". "It is certainly not a wise move". The move by the NYSE , which will limit USA investor access, follows global index providers MSCI Inc, S&P Dow Jones Indices and FTSE Russell and Nasdaq deleting various Chinese companies from their indexes. (more...)
Hundreds of Google employees in United States form workers' union Hundreds of Google employees in United States form workers' union
- January 05, 2021

The Alphabet Workers Union is more focused on the company's policies than bargaining for higher wages. As of the end of December, the union had some 200 members. The union is quite unusual in Silicon Valley which has largely resisted efforts to organize its workforce. The Retail, Wholesale and Department Store Union filed paperwork in November to represent frontline workers at an Amazon.com Inc. (more...)
Slack CRASHES for tens of thousands of users around the world Slack CRASHES for tens of thousands of users around the world
- January 04, 2021

The outage comes about a month after Salesforce.com said it would acquire Slack for $27.7 billion. Slack has been transparent about its outages in the past. Revenue swelled by 39 percent to $234.5 million. For many workers however, today was the first day back to the 9-5 after the festive period, when they perhaps needed Slack the most. (more...)
Elderly British man 'so pleased' to receive first Oxford-AstraZeneca coronavirus vaccine Elderly British man 'so pleased' to receive first Oxford-AstraZeneca coronavirus vaccine
- January 04, 2021

That has put renewed urgency on roll-out plans. Second doses of either vaccine will now take place within 12 weeks rather than the 21 days that was initially planned with the Pfizer/BioNTech jab, following a change in guidance which aims to accelerate immunisation. (more...)
Brexit Means UK Can Use Tax to Drive Investment, Johnson Says Brexit Means UK Can Use Tax to Drive Investment, Johnson Says
- January 04, 2021

Visiting Calais on Friday to inspect how the French port is adjusting post-Brexit, France's minister for European Affairs, Clément Beaune, described the citizenship application as emblematic of enduring British sentiment for Europe. "If I understand it correctly, I am French". She wrote that her grandmother was born in Versailles and said that if her father received French citizenship she too would like to become French. (more...)
Bitcoin Peaks above $30000 for The First Ttime Bitcoin Peaks above $30000 for The First Ttime
- January 04, 2021

Visit Business Insider's homepage for more stories . Bitcoin, the leading virtual currency, saw its price pass US$30,000 (RM120,675) today for the first time in just its latest record high. Proponents of Bitcoin argue that it's muscling in on gold as a hedge against US dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. (more...)
Tesla 2020 deliveries beat estimates, but fall just short of Musk’s target Tesla 2020 deliveries beat estimates, but fall just short of Musk’s target
- January 04, 2021

The company didn't release sales figures by region or model. In the fourth quarter , Tesla delivered 161,650 Model 3 and Model Y cars and produced 163,660 such vehicles. On Saturday, Tesla said Model Y production in Shanghai has begun, with deliveries expected to begin soon. While Tesla is the clear global market leader, its vehicle deliveries are tiny compared to the millions of gasoline-powered cars and trucks sold by established automakers such as General Motors and Volkswagen. (more...)
Huawei Restores All Tencent Games On Its App Store After Legal Dispute Huawei Restores All Tencent Games On Its App Store After Legal Dispute
- January 04, 2021

Since both the companies weren't able to reach a deal on the revenue sharing, it led to the removal of Tencent online games from the app store. Chinese tech giant, Huawei , was the biggest smartphone maker in Asia's biggest economy during the September quarter with 43% of shipments, according to Counterpoint Research. (more...)
New Year’s marks UK’s final Brexit split from EU New Year’s marks UK’s final Brexit split from EU
- January 04, 2021

Brexit has dominated British politics since the country's narrow vote to leave the bloc in June 2016. He told BBC Radio 4's Today programme: "We're now going to see the 80 billion euro (£71.2 billion) worth of trade across the Irish Sea between Britain and Ireland disrupted by an bad lot more checks and declarations, and bureaucracy and paperwork, and cost and delay". (more...)
China’s Central Bank Orders Ant Group to Meet Strict Regulatory Guidelines China’s Central Bank Orders Ant Group to Meet Strict Regulatory Guidelines
- January 03, 2021

A spinoff from Alibaba , Ant in recent years presented itself as a technology company, which helped it to benefit from the far richer valuations the market affords to tech firms than to financial institutions. "This is the culmination of a string of regulations and sets the direction for Ant's business going forward", said Zhang Xiaoxi , a Beijing-based analyst at Gavekal Dragonomics . (more...)
Face masks to be mandatory in Sydney
- January 03, 2021

Two are connected to the Avalon cluster on the northern beaches, five are connected to the Berala cluster in Sydney's west and one is a household contact of a case in Wollongong. Night clubs will also no longer be permitted. In her daily media briefing, the Premier said that the SCG have tight guidelines in place to ensure a COVID-safe event, and that fans being allowed in would allow jobs to be kept for those working at the ground. (more...)
United Kingdom enters 'new chapter' outside European Union as Brexit transition period ends United Kingdom enters 'new chapter' outside European Union as Brexit transition period ends
- January 03, 2021

After more than four years of Brexit political drama, the day itself is something of an anticlimax. Prime Minister Boris Johnson said Thursday Britain will be "an open, generous, outward-looking, internationalist and free-trading" country once it quits all European Union rules at 2300 GMT. (more...)
MCX Gold Watch, Gold, Silver price today MCX Gold Watch, Gold, Silver price today
- January 02, 2021

Investors tend to buy the metal when nervous about holding riskier assets such as stocks or corporate bonds. Earlier, the price was recorded at PKR 113,650 per tola. "If real yields are going up, why would you be buying gold? " she said. While vaccine developments have held gold bulls back recently, the consensus weaker Dollar call for 2021 should help their cause if that scenario plays out. (more...)
Microsoft says hackers viewed source code, could not make changes to it Microsoft says hackers viewed source code, could not make changes to it
- January 02, 2021

To date, it is not clear which source code, and how much of it, within their repositories the hackers were able to access and view. The hacking group behind the SolarWinds compromise was able to break into Microsoft Corp and access some of its source code, Microsoft said on Thursday, something experts said sent a worrying signal about the spies' ambition. (more...)
Oxford Covid vaccine approved, three more awaiting nod, confirms Javadekar Oxford Covid vaccine approved, three more awaiting nod, confirms Javadekar
- January 02, 2021

The AstraZeneca-Oxford vaccine is now undergoing a "rolling review" which allows the EMA to examine safety and efficacy data as they are released, even before a formal application for authorisation is filed by the manufacturer. The SEC had earlier sought additional safety and immunogenicity data from SII and met today to review the matter. Pfizer had applied for regulatory approval for its vaccine on December 4 but they have not presented any data to the government so far and asked for more ... (more...)

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