News

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Sun, 21 Jun 2020 14:47:26 GMT

Hetero Labs to make coronavirus drug

On Sunday, the Indian government gave permission to Hetero Labs to create Gilead Science's experemental drug against coronavirus.

Sun, 21 Jun 2020 14:34:47 GMT

US, Zambia companies form joint venture

The African Green Resources and the US African Fertiliser and Agribusiness Partnership formed a $40M joint venture to increase crop yields in Zambia.

Sun, 21 Jun 2020 13:20:30 GMT

Germany to hold talks with Lufthansa investors

The Economy Minister of Germany is expected to meet Lufthansa's biggest shareholder, Heinz Hermann Thiele, to discuss $10.1B bailout of the company.

Sun, 21 Jun 2020 12:07:54 GMT

Spain reopens borders

On Sunday, Spain had officially reopened its borders for visitors from most of the European countries, thus ending state of emergency.

Sun, 21 Jun 2020 11:08:41 GMT

Trump raises $74M in May

The Republican National Committee and the country's President Donald Trump managed to raise $74M for election campaign in May.

Sun, 21 Jun 2020 10:00:52 GMT

Abe maintains public support

According to the Mainichi Shimbun, the Japanese Prime Minister Shinzo Abe's endorsment increased from 27% to 36% despite a scandal with ex-Minister of Justice.

Sun, 21 Jun 2020 09:01:39 GMT

Wirecard still tries to find missing $2.1B

The Central Bank of Philippines stated on Saturday that none of the missing $2.1B have entered the country's financial system.

Sun, 21 Jun 2020 08:29:49 GMT

Wirecard's CEO resigns

The German Wirecard's Chief Executive Officer Markus Braun resigned on Friday as the company unabled to find missing $2.1B.

Sun, 21 Jun 2020 06:04:48 GMT

Russia and US to discuss arms control

The US State Department announced on Friday that the United States and Russia would discuss arms control in Austria next week.

Sun, 21 Jun 2020 05:26:58 GMT

Toshiba to sell stake in Kioxia

According to sources with knowledge of the matter, Toshiba Corp plans to sell its shares in Kioxia Holdings.

Sun, 21 Jun 2020 04:10:55 GMT

Tesla postpones stockholder meeting

Tesla would postpone its annual meeting of shareholders due to the COVID-19 restrictions, Tesla's CEO Elon Musk tweeted late on Friday.

Sun, 21 Jun 2020 03:33:43 GMT

US rejects request by Chinese airlines

The US Department of Transportation has rejected the request made by China's airlines for additional passenger service flights between the two nations.

Sun, 21 Jun 2020 00:39:49 GMT

Argentina extends deadline for debt restructuring

Argentina has extended the deadline for $65B debt restructuring negotiations to July 24, after talks with lenders stalled.

Sat, 20 Jun 2020 20:02:37 GMT

Maersk Tankers revising their business model

The major player in the oil shipping sector is switching from tanker ownership to tanker management as demand for oil is expected to decline in the following year.

Sat, 20 Jun 2020 19:10:43 GMT

UK to lighten distancing rules

Britain Chancellor Rishi Sunak claimed to soften the social distancing regulations in the UK to support the businesses suffering from the restrictions. The final decision is expected next week.

Sat, 20 Jun 2020 18:30:28 GMT

Wirecard seeks to restructure financing

After the plunge of its market value caused by the missing $2.1B, the German financial services giant Wirecard engaged Houlihan Lokey to come up with a new financing plan.

Sat, 20 Jun 2020 17:21:46 GMT

Germany expecting a gradual recovery

The President of Bundesbank Jens Weidmann stated the German economy has passed the major downturns caused by the coronavirus pandemic and expects gradual recovery.

Sat, 20 Jun 2020 16:37:54 GMT

EU to issue joint debt

To aid the European Union economies to recover from the coronavirus-caused turbulences, the EU could become a major debt issuer to finance the €750B recovery plan.

Sat, 20 Jun 2020 15:33:34 GMT

Fed worries about economic recovery

The US Federal Reserve noted on Friday that post-pandemic economic recovery might not happen as fast as expected.

Sat, 20 Jun 2020 14:26:17 GMT

US current account deficit decreases

The US Commerce Department reported on Friday that current account deficit dropped 0.1% to $104.2B.

Sat, 20 Jun 2020 13:34:22 GMT

Russia worries about protests in US

The Russian President Vladimir Putin expressed concern on Saturday over arrangements with the US in light of the massive protests across the country.

Sat, 20 Jun 2020 12:56:24 GMT

Trump visits Oklahoma

The US President Donald Trump is expected to hold a rally with his supporters in Oklahoma today.

Sat, 20 Jun 2020 11:21:13 GMT

Trump still want to close "Dreamers" program

The US President Donald Trump indicated on Friday that he still wanted to end the so-called Dreamers immigration program despite the Supreme Court ruling.

Sat, 20 Jun 2020 10:26:46 GMT

NDB gives South Africa a loan

The New Development Bank (NDB) issued on Saturday a $1B loan to South Africa to help the country to ease the impact of coronavirus pandemic.

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