News

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Sat, 21 Mar 2020 04:09:53 GMT

Lyft tells drivers to sign up for "LyftUp Driver Task Force"

On Friday, Lyft Inc asked drivers to sign up for LyftUp Driver Task Force, as traffic for ride-hailing service has plummeted due to the coronavirus outbreak in the United States.

Sat, 21 Mar 2020 03:12:05 GMT

Airbus in regular discussions with European governments

On Friday, an Airbus spokesperson announced that the European planemaker is in regular discussions with the EU governments.

Fri, 20 Mar 2020 20:45:28 GMT

Existing US home sales surge to 13-year high in February

According to a report from the National Association of Realtors on Friday, existing US home sales, which make up about 90% of home sales in the United States, jumped to a 13-year high in February.

Fri, 20 Mar 2020 19:50:06 GMT

BoE plans to buy $16.6 billion of government bonds

The Bank of England plans to purchase $16.6 billion of gilts next week, as the UK Central Bank attempts to limit the economic impact of the coronavirus pandemic.

Fri, 20 Mar 2020 19:00:09 GMT

French utility EDF introduces stricter hygiene procedures

According to the union and industrial sources, France's oldest Electricite de France EDF has tightened hygiene procedures at the nuclear power plants over the coronavirus concerns.

Fri, 20 Mar 2020 18:01:52 GMT

BoA adds 1,7K support staff this month

On Friday, Bank of America reported it had added 1,7K new staff in consumer bank in March 2020 on surging demand for customer service amid the coronavirus concerns.

Fri, 20 Mar 2020 16:47:42 GMT

Apple to limit online iPhone orders

Apple Inc is reducing the number of the online iPhone purchases in China, the United States and some other countries to two handsets per one person amid the global spread of coronavirus.

Fri, 20 Mar 2020 15:44:25 GMT

British Airways pilots face unpaid leave, pay cuts

British Airways pilots are facing unpaid leave in April and May and pay deductions over three months, as the coronavirus outbreak hit the travel and other industries hard, Reuters reported.

Fri, 20 Mar 2020 14:47:36 GMT

Inditex likely to temporarily lay off 25K in Spain

Inditex is considering 25K temporary layoffs in Spain in case the state of emergency is extended after April 15, the clothing group announced on Friday, marking the worsening economic damage caused by the coronavirus outbreak.

Fri, 20 Mar 2020 14:27:40 GMT

Apple to limit online iPhone orders to two per person

Apple Inc is reducing the number of online iPhone purchases in the US, China and some other countries to two handsets per one person amid the global spread of coronavirus.

Fri, 20 Mar 2020 13:26:14 GMT

Deutsche Bank says virus likely to impact targets

On Friday, Deutsche Bank stated that the coronavirus impact could affect the bank's ability to achieve its financial targets amid a major revamp that the fragile lender was undergoing after a years-long period of losses.

Fri, 20 Mar 2020 11:46:50 GMT

AB Volvo to temporarily lay off 20K Swedish staff

The truckmaker AB Volvo announced on Friday its plans to temporarily lay off 20K of its Swedish staff from the next week as the company plans to shut down its production system in Sweden.

Fri, 20 Mar 2020 10:48:23 GMT

Yuanfudao nears new fundraising at $7.5B valuation

Yuanfudao, the Tencent-backed online education platform, is nearing to finalise a new round of fundraising at around $7.5B valuation, Reuters reported on Friday.

Fri, 20 Mar 2020 09:47:13 GMT

UK's M&S sees major impact from coronavirus

On Friday, Britain's Marks & Spencer warned about the severe impact from the coronavirus outbreak, sending the retailer's shares down 5.3%, taking its losses for this year so far to 49%.

Fri, 20 Mar 2020 09:09:22 GMT

YouTube to cut streaming quality in EU

On Friday, YouTube announced it would cut its platform's streaming quality in the EU bloc to prevent possible internet gridlock as the majority of Europeans are working from home since the EU countries are being on quarantine.

Fri, 20 Mar 2020 07:42:21 GMT

LatAm to halve pay for 43K employees

LATAM Airlines Group is planning to reduce pay to its 43K staff by 50% for the following three months amid economic fallout caused by the coronavirus crisis.

Fri, 20 Mar 2020 07:00:52 GMT

Boeing sees production halt due to virus spreads

Boeing Co is expecting to temporarily halt the production at its twin-aisle jetliner plants due to the coronavirus spread, following the similar move by its EU rival Airbus SE.

Fri, 20 Mar 2020 05:41:50 GMT

Tesla halts production at US car plant

Tesla Inc is eager to suspend production at its vehicle plant in San Francisco Bay Area starting March 24 due to the raised concerns over the coronavirus outbreak.

Fri, 20 Mar 2020 04:51:16 GMT

Netflix to trim EU traffic by 25% amid coronavirus

Netflix is planning to cut the bit rates across its European streams, in effect trimming traffic on its EU networks by 25%, seeking to preserve the unhampered functioning of the internet amid the coronavirus crisis.

Fri, 20 Mar 2020 04:02:35 GMT

Uber shares jump on CEO statement

Uber Technologies Inc's shares skyrocketed 44% on Thursday, following its CEO Dara Khosrowshahi's statement that the ride-hailing firm had enough cash to ride out the coronavirus crisis, signaling a recovery in its business.

Fri, 20 Mar 2020 00:52:43 GMT

Amazon suspends grocery orders on surging demand

Amazon.com has suspended its delivery service Prime Pantry in the US to restock groceries amid surging demand for online orders, as many shoppers are worried over the coronavirus pandemic.

Thu, 19 Mar 2020 20:42:56 GMT

Uber's shares surge by 44% on Thursday

On Thursday, shares of Uber Inc edged higher by 44% after CEO Dara Khosrowshahi announced that the company had enough money to ride through the coronavirus crisis.

Thu, 19 Mar 2020 19:53:23 GMT

US to buy up to 30 million barrels of crude oil

On Thursday, the US Department of Energy announced that it would purchase about 30 million barrels of oil for an emergency stockpile.

Thu, 19 Mar 2020 18:58:03 GMT

Ferrari and Fiat Chrysler plans to help Italy make ventilators

The Italian automakers Fiat Chrysler and Ferrari are in negotiations with Italy's biggest ventilator company to help it increase the production of ventilators, which are necessary for the virus crisis.

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