Airbus challenges Boeing cargo dominance with A350 freighter
Europe’s Airbus (AIR.PA) took aim at one of Boeing’s (BA.N) most profitable strongholds on Thursday with plans for a freighter version of its A350 passenger jet, gambling that a pandemic boom in Internet shopping will outlast the global health crisis.
China’s assets remain attractive despite recent correction – state media
China’s state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value, the latest official effort to shore up investor confidence.
Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
Ford raises 2021 profit outlook, eyes shift to build-to-order
Ford Motor Co (F.N) on Wednesday boosted its 2021 profit forecast after reporting better-than-expected quarterly results, lifting the No. 2 U.S. automaker’s shares nearly 3%.
Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
Qualcomm Inc (QCOM.O) on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s (AAPL.O)iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.
Gloomy outlook dulls PayPal’s quarterly profit beat
Shares of PayPal Holdings Inc(PYPL.O) fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift to digital spending.
Hyundai Motor, LG’s battery unit to invest $1 bln in EV partnership
South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric vehicles (EV), investing $1.1 billion with each owning half the business.
SoftBank sells 45 mln shares in Uber – source
SoftBank (9984.T) is selling about 45 million of its shares in Uber Technologies Inc (UBER.N), a source familiar with the matter told Reuters on Wednesday.
Volkswagen makes $3.4 billion Europcar bet on mobility services
A consortium led by Volkswagen (VOWG_p.DE) has agreed with Europcar (EUCAR.PA) to launch a tender offer for the car rental company that values it at 2.9 billion euros ($3.4 billion) including debt, Europe’s largest carmaker said on Wednesday.
Duolingo enters ‘major leagues’ with $6.5 bln valuation in strong debut
Language learning app Duolingo Inc (DUOL.O) notched a valuation of $6.5 billion after its shares surged nearly 40% in the company’s Nasdaq debut on Wednesday, becoming the latest education technology startup to impress Wall Street.
