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Wed, 25 Mar 2020 17:48:50 GMT

Spotify releases COVID-19 music relief project

On Wednesday, Spotify Technology has launched a music relief project "COVID-19" to raise extra funds for artists as the coronavirus crisis triggers a life lockdown in most countries and affects the global economy.

Wed, 25 Mar 2020 16:51:24 GMT

Netflix, Facebook to trim data traffic in India

Social media company Facebook and streaming service Netflix announced they would cut data traffic, aiming to ease the congested telecoms networks in India, as millions of people are working remotely at their homes amid coronavirus outbreak.

Wed, 25 Mar 2020 15:55:44 GMT

US carmakers to prolong shutdown into April

Detroit's Big Three carmakers, Ford Motors, General Motors and Fiat Chrysler Automobiles, are planning to extend the current vehicle production shutdown in the United States into April due to the coronavirus crisis.

Wed, 25 Mar 2020 15:31:29 GMT

EU regulators launch inquiry into J&J's Takeda deal

On Wednesday, EU antitrust regulators have launched a full-scale probe into the Johnson & Johnson's acquisition of TachoSil, the Takeda Pharmaceutical-owned surgical patch product, as the deal may potentially hurt innovation and competition.

Wed, 25 Mar 2020 14:39:31 GMT

Netflix, Facebook to trim data traffic in India

Social media company Facebook and treaming service Netflix announced they would cut the data traffic, seeking to ease the congested telecoms networks in India.

Wed, 25 Mar 2020 13:24:33 GMT

Apple plans some stores reopening in April

Apple Inc is expecting to start reopening some retail stores in April's first half, not specifying the countries or particular stores, according to an internal memo.

Wed, 25 Mar 2020 12:25:45 GMT

Tesla hires E.ON to design energy solutions for Gigafactory

Tesla has hired the German biggest energy group E.ON to design energy solutions for the carmaker's planned Gigafactory close to Germany's city of Berlin, E.ON's CEO Johannes Teyssen said.

Wed, 25 Mar 2020 11:24:32 GMT

Crude oil prices decline

On Wednesday, crude oil price benchmarks declined, as the decline in demand outweighed the gains from expected US budget stimulus.

Wed, 25 Mar 2020 10:39:44 GMT

Qantas shares jump on financing deal

On Wednesday, Qantas Airways has secured $627.8M against the aircraft flee, seeking to help it wait out the coronavirus oubreak, sending its shares jumping.

Wed, 25 Mar 2020 07:42:16 GMT

Boeing plans to restart 737 MAX output by May

Boeing Co is planning to restart its production of the 737 MAX jets by May, terminating a months-long delay caused by a safety ban imposed on its best-seller airplane after fatal crashes.

Wed, 25 Mar 2020 07:35:49 GMT

AB Volvo delays AGM amid coronavirus uncertainty

On Wednesday, the truckmaker AB Volvo stated it had made a decision to postpone the annual shareholders meeting amid uncertainty around the impact from the coronavirus outbreak.

Wed, 25 Mar 2020 06:04:56 GMT

US carmakers to continue shutdown

According to sources with knowledge of the matter, the US automakers plan to continue the current shutdown of automobile production in the United States into April.

Wed, 25 Mar 2020 04:47:20 GMT

Spanish government approves burden-sharing scheme for banks

On Tuesday, the Spanish government spokeswoman Maria Jesus Montero said that the state would guarantee up to 80% of SME bank loans to help curb the economic impact of the coronavirus crisis.

Wed, 25 Mar 2020 03:53:30 GMT

Chevron cuts capital spending budget by $4 billion

Chevron Corp shares jumped by 21% on Tuesday after the company announced a spending cut of $4 billion, which was much deeper analysts than expected.

Wed, 25 Mar 2020 02:55:08 GMT

Facebook in talks to buy multibillion dollar stake in Reliance

According to the Financial Times report on Tuesday, Facebook Inc is in negotiations with Reliance Industries to acquire a 10% stake in telecom unit.

Tue, 24 Mar 2020 20:42:06 GMT

Share buybacks decline

S&P Dow Jones Indices revealed on Tuesday that company share buybacks are expected to decline in Q1 of 2020.

Tue, 24 Mar 2020 19:49:22 GMT

UK government responds to airlines

On Tuesday, the government of the United Kingdom stated that airlines should seek capital in the financial markets.

Tue, 24 Mar 2020 18:47:30 GMT

Airlines ask for larger bail out

Various global airlines urged their governments for a bail out, as they estimated to suffer $250 billion in losses in 2020.

Tue, 24 Mar 2020 17:43:54 GMT

German Finance Minister comments on stimulus

On Tuesday, the Finance Minister of Germany Olaf Scholz stated that calls to protect the economy instead of stopping the coronavirus are ill-considered.

Tue, 24 Mar 2020 16:42:29 GMT

Crude oil prices recover

During early Tuesday's trading hours, crude oil price benchmarks surged by three percent. The surge was attributed to US monetary policy easing.

Tue, 24 Mar 2020 15:41:18 GMT

Wall Street surges on Tuesday

At the start of Tuesday's US trading session, US stock indices surged, as the market was expecting a $2 trillion government stimulus package.

Tue, 24 Mar 2020 14:48:36 GMT

Chevron cuts spending

On Tuesday, Chevron stated that the company would cut spending by $4 billion and suspend share buybacks.

Tue, 24 Mar 2020 13:45:26 GMT

Latin American oil companies struggle

A Reuters report published on Tuesday revealed that most Latin American crude oil producers struggle during the current low oil price environment.

Tue, 24 Mar 2020 13:05:26 GMT

US Dollar continues decline

During Tuesday's trading hours, the US Dollar continued to decline in value, as the Federal Reserve introduced new monetary easing measures.

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