China’s largest chipmaker, Semiconductor Manufacturing International Corporation is building a new $2.35bn factory in Shenzhen.
Finnish telecoms equipment maker Nokia forecasts profit margins to pick up to 10-13 per cent in 2023, as new CEO Pekka Lundmark ramps up efforts to deliver 5G networks.
The German DAX reached a record high due to a rise in automakers’ stocks. European stocks also edged higher as global markets reacted to the US Federal Reserve keeping interest rates low despite forecasting a surge in economic growth.
Uber drivers in the UK should receive the minimum wage for the whole time they are logged on to the app – not just when they’ve accepted a trip request – two former drivers said after winning a court battle which could shake up the wider gig economy.
The Japanese government is to investigate messaging app Line following media reports that it let Chinese engineers access users’ data without informing them
Chinese search giant Baidu is set to raise nearly $3.1bn in its upcoming Hong Kong secondary listing
Volkswagen says that cutting costs will help it raise profit margins in the coming years
ByteDance enters early stages of planning to develop semiconductors
German online fashion retailer Zalando seeks to take over more than 10 per cent of the European fashion market
Deliveroo is planning to sell around £1bn of new shares in its upcoming major initial public offering
Fashion retailer H&M saw its sales fall slightly less than expected in the three months through February and rise in the first half of March as pandemic restrictions eased in some parts of the world
Facebook has started adding labels to posts that discuss the safety of Covid-19 vaccine shots
UK sportswear retailer JD Sports Fashion has agreed to buy 60 per cent of Poland’s Marketing Investment Group
Japanese e-commerce firm Rakuten is to sell an 8.32 per cent stake to postal and banking giant Japan Post Holdings
England’s economy shrank less than expected in January when the country went back into a coronavirus lockdown