News

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Tue, 23 Jun 2020 05:30:46 GMT

Microsoft closes services

On Monday, Microsoft announced that it would close its streaming service Mixer and tie up with Facebook Gaming.

Tue, 23 Jun 2020 04:30:47 GMT

US Dollar drops

At the end of the week's trading the US Dollar lost value against other currencies, as cash assets were exchanged for equity.

Tue, 23 Jun 2020 03:14:29 GMT

Oil prices jump

On Monday, crude oil price benchmarks surged by more than two percent.

Mon, 22 Jun 2020 20:44:39 GMT

Wall Street ends week with surge

On Monday, the Wall Street stock indices ended the week with a surge, which was led by tech stocks.

Mon, 22 Jun 2020 19:45:59 GMT

American Airlines to secure $3.5B in financing

American Airlines Group seeks to secure $3.5B in new financing with intention to boost the carrier's liquidity as it struggles with travel restrictions triggered by the COVID-19 pandemic.

Mon, 22 Jun 2020 18:41:34 GMT

Nokia plans layoffs at its French division

Nokia Oyj is planning to slash 1,233 job positions at its French arm Alcatel-Lucent International, which is the third of the division's workforce, Finland's telecoms equipment maker announced on Monday.

Mon, 22 Jun 2020 17:56:52 GMT

Delta to revive operations between US and China

Delta Air Lines is planning to resume its flight operations between the United States and China on June 25 after their suspension in February caused by the coronavirus outbreak.

Mon, 22 Jun 2020 17:01:03 GMT

Wall Street flat on virus cases growth

On Monday, the Dow Jones and S&P 500 indexes were flat due to the increased number of coronavirus cases, while technology stocks jumped for the seventh session.

Mon, 22 Jun 2020 16:13:50 GMT

Home sales decline in US

As a result of the coronavirus-caused turbulences, the US existing house sales diminished 26.6% on an annual basis in the previous month.

Mon, 22 Jun 2020 15:38:26 GMT

Lufthansa bailout discussion proved productive

The Germany Economy Minister Olaf Scholz stated the bailout talks with shareholder Heinz Thiele were productive.

Mon, 22 Jun 2020 13:41:10 GMT

Wirecard comments on missing funds

On Monday, Wirecard announced that a missing $2.1 billion of funds from the company's accounts never existed.

Mon, 22 Jun 2020 12:42:40 GMT

Oil prices steady

During Monday's European trading hours, crude oil price benchmarks fluctuated steadily, as supply and demand remained balanced.

Mon, 22 Jun 2020 11:48:00 GMT

Lufthansa shares plummet

On Monday, Lufthansa stock price decline by 5.7%, as the CEO Carsten Spohr announced a plan to avoid insolvency.

Mon, 22 Jun 2020 10:53:45 GMT

Nokia cuts Alcatel-Lucent jobs

French labor unions announced that Nokia intends to cut 1,233 jobs at French subsidiary Alcatel-Lucent.

Mon, 22 Jun 2020 10:10:23 GMT

European stock prices decline

During Monday's European trading hours, stock indices declined, as a resurgence of coronavirus cases caused a fall in risk on sentiment.

Mon, 22 Jun 2020 05:13:46 GMT

Putin plans to run for new term as president

Russia's President Vladimir Putin said on Sunday that he would seek another term in office if the Russian people approve the constitutional changes.

Mon, 22 Jun 2020 04:00:51 GMT

Britain to outline plans to ease lockdown

Britain's Secretary of State of Health Matt Hancock announced on Sunday that the UK would unveil the COVID-19 lockdown easing plans this week.

Mon, 22 Jun 2020 03:19:01 GMT

Wirecard's CEO Braun resign

Markus Braun, the Chief Executive Officer of Wirecard AG, resigned on Friday, as the company search for the missing $2.1B cash hit a snag.

Sun, 21 Jun 2020 21:03:26 GMT

Wirecard continues to search for missing money

The Governor of the Central Bank of Philippines Benjamin Diokno said in a statement that none of the Wirecard's missing $2.1B cash entered the nation's financial system.

Sun, 21 Jun 2020 20:31:28 GMT

Italy budget deficit to increase

Italy Prime Minister Giuseppe Conte stated the budget deficit is likely to increase in the current year and is estimated to reach up to 10.4% of domestic product.

Sun, 21 Jun 2020 19:30:59 GMT

American Airlines aims to raise $1.5B

The major American airline endeavours to raise capital by offering shares and convertible bonds, the offering is expected as promptly as Sunday.

Sun, 21 Jun 2020 18:28:13 GMT

IMF expects a pessimistic economic outlook

The International Monetary Fund declared the revised world economic outlook, due on June 24, to be gloomier than the previous outlook in April.

Sun, 21 Jun 2020 17:33:39 GMT

Lufthansa claims A380 to remain unused

The largest German airline Lufthansa expects the massive A380 aircraft to remain out of service for 2 years as demand for long-distance flights stays low.

Sun, 21 Jun 2020 16:39:33 GMT

German court changes to favour ECB

Transformations to the formation of the German Constitutional Court are likely to favour the ECB in regards to bond-buying as a means to aid the coronavirus-struck economies.

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