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Global Economy

02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids
01:44 PM Carousell aims to grow business, considers IPO
01:33 PM Shell to produce sustainable jet fuel at scale by 2025
Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.
11:09 AM OVHcloud aims to raise EUR 400m through IPO
16 September 01:10 PM Taiwan’s Gogoro to go public through over $2bn deal
16 September 11:53 AM 500 Startups closes largest fund-to-date, rebrands to 500 Global
15 September 06:03 PM UK's inflation surges at record rate in August
The UK's inflation rate soared by 3.2% in August, posting the highest increase since the records started in 1997.
15 September 02:27 PM Chevron to invest $10bn in low-carbon projects
15 September 01:25 PM Gold prices ease near $1,800 on taper uncertainty
14 September 01:15 PM Moody's changes outlook for global metals, mining industry to stable
​​​​​​​Mubasher: Moody’s Investors Service has changed its outlook for the global metals and mining market to ‘Stable’ from ‘Positive’.
14 September 12:18 PM Renault, subsidiary acquire stake in heycar Group
​​​​​​​Mubasher: Renault Group and its subsidiary RCI Bank and Services have both acquired equity in Mobility Trader Holding GmbH.
7 September 04:32 PM Deutsche Telekom inks $7bn share swap deal with SoftBank
Mubasher: Germany's Deutsche Telekom has signed a share-swap deal worth $7 billion with SoftBank Group to raise its stake in the US unit T-Mobile. 
30 August 02:33 PM TikTok's owner acquires virtual reality startup
Beijing-based ByteDance, the owner of TikTok, has acquired a startup Pico.
26 August 05:52 PM US raises GDP estimate for Q2
Mubasher: The US economy grew by 6.6% on an annual basis in the second quarter (Q2) of 2020.
26 August 05:17 PM South Korea raises interest rates 0.75%
25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21
Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.
24 August 05:47 PM Germany's economy expands 1.6% in Q2
Mubasher: The German economy grew by 1.6% in the second quarter (Q2) of 2021, slightly better than initial reports of 1.5% in June.
24 August 04:11 PM Samsung sets three-year plan to invest $206bn
Samsung Group has set a three-year plan to invest $206 billion in expanding its businesses.
19 August 01:08 PM Volkswagen likely to cut output amid chip shortage
Volkswagen may need to further reduce its production due to a semiconductor supply shortage.
18 August 05:47 PM BMW secures GBP 26m funding for EV battery
BMW secured GBP 26.2 million funding for a project centred around the development of an electric vehicle battery
18 August 01:55 PM UK's inflation slows down to 2% in July
Mubasher: The UK's inflation slowed down faster than expected in July, Bloomberg reported on Wednesday, citing official data.  
18 August 12:55 PM Marlboro maker buys stake in UK's inhaled therapeutics company
Philip Morris International (PMI) has purchased 22.61% of the UK-based inhaled therapeutics company.
28 July 04:03 PM Pfizer’s sales of COVID-19 shots hit $7.8bn in Q2-21
27 July 03:29 PM Arabica coffee prices hit highest level in seven years
27 July 03:07 PM UK retail sales grow at softer pace in July
UK retail sales recorded a slight growth slowdown in July after hitting an almost three-year high in June.