International News
Europe close: Shares end mixed despite better than expected survey data
European shares finished on a mixed note on Wednesday as investors eyed new budget measures from the UK to help power the post Covid-19 pandemic recovery and shrugged off a survey that suggested the Eurozone might be in recession.
Google will not use other web tracking tools after phasing out cookies in 2022
Google will not build tools that serve as an alternative to cookies to track web browsing traffic after it begins phasing out its existing technology from Chrome in 2022.
Samsung considers four US sites for $17bn chip plant
Samsung Electronics is considering two sites in Arizona, one in New York and another in Texas for a new $17bn chip manufacturing plant.
GM extends production cuts due to chip shortage
General Motors announced on Wednesday it would be extending the vehicle production cuts further at three plants in North America and adding a fourth to the list of factories hit by the global shortage in semiconductor chips.
US services sector growth slows in February, price pressures jump
Activity in the US services sector slowed last month amid a big decline in the rate of new orders, the results of a closely-followed survey showed.
US private sector payrolls grow less quickly than expected in February, ADP says
Private sector employment in the States grew a tad less quickly than anticipated last month, the results of a closely-followed survey revealed.
Kremlin pledges to retaliate against US/EU sanctions
The Kremlin on Wednesday sought to minimise the importance of the sanctions imposed by the United States and the European Union over Russia’s treatment of opposition politician Alexei Navalny, but at the same time pledged to retaliate.
US pre-open: Futures have stocks reversing yesterday's losses
Wall Street futures were in the green ahead of the bell on Wednesday after Joe Biden said the US looked set to have gathered enough doses of various Covid-19 vaccines to vaccinate the country's adult population by the end of May.
US to achieve herd immunity by end of summer 2021
The US is set to reach herd immunity by Independence Day, reiterated an analyst who had previously predicted that same date.
Microsoft claims Chinese hackers targeted users via mail server software
Microsoft claimed late on Tuesday that a China-linked cyber-espionage group had targeted users through flaws in the company’s mail server software.
Eurozone economy on course for double-dip recession
The eurozone economy is on course for a double-dip recession as the coronavirus pandemic takes its toll, according to a survey released on Wednesday.
China services sector growth slows to 10-month low
Growth in China’s services sector eased to a 10-month low in February, according to figures released on Wednesday.
US court rules in favour of AstraZeneca over Symbicort
A US court has ruled in favour of AstraZeneca in patent litigation concerning asthma treatment Symbicort, the Anglo-Swedish drugs firm said on Wednesday.