Eurozone’s PMI Composite Output Index hit a 8-month high of 52.5 in March, up from 48.8 in February, according to IHS Markit press release. The index signals a return to…
Global billings by the North America-based semiconductor equipment manufacturers hit a record $3.14 billion in February 2021, according to press release. The figure is 3.2% higher than January’s billings of…
Traffic along the Suez Canal is expected to resume soon as the giant container blocking it has been partially refloated, APNews reports. The 400-metre, 224,000-tonne Ever Given container ship was…
World’s major automakers are suspending operations in Asia, Europe, and North America on persistent shortage of semiconductors, according to Bloomberg. The shortages were worsened by fire at a key chip-producing…
U.K Composite Output Index rose to a 7-month high of 56.6 in March, up sharply from 49.6 in February, according to IHS Markit press release. The index signaled a strong…
Tesla Inc. CEO Elon Musk has allowed company’s electric vehicles to be bought using bitcoin, according to Reuters. Musk said the bitcoin option will be availed outside the U.S later…
China’s top ride-hailing firm Didi Chuxing is eyeing a valuation of at least $100 billion in New York listing, according to Reuters. The company has also discussed the option of…
China’s CSI 300 Index plunged 1% to close at 5,009.25 points, extending its decline from this year’s peak to almost 14%. The index briefly pieced through the key support level…
London-based fintech startup Revolut is applying for a bank charter in the U.S, according to release. The company has filed a draft application with the FDIC and California Department of…
U.S sales of new single-family houses in February were at a seasonally adjusted annual rate of 775,000, according to the Census Bureau press release. The sales are 18.2% below the…
Lockheed Martin and satellite start-up Omnispace have agreed to jointly develop 5G capability from space, according to CNBC. The partnership allows building a global 5G network that enables users to…
Norway will block Rolls-Royce from selling the maritime engine maker Bergen Engines to a Russian company, according to Reuters. The blocking of the 150 million euros sale to TMH Group…