News

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Fri, 06 Mar 2020 18:44:57 GMT

Finnair sees lower demand in February

Finnair announced that demand, measured in RPK or revenue passenger kilometres, fell 1.7% in February year-on-year, as the coronavirus outbreak affected Asian travellers.

Fri, 06 Mar 2020 17:41:43 GMT

Tata Motors expects lower profit at JLR

India's automaker Tata Motors warned of weaker profit at its car brand Jaguar Land Roverfor the fiscal year, as coronavirus outbreak hit Chinese sales.

Fri, 06 Mar 2020 16:43:20 GMT

Gray Television bids to acquire Tegna

The US TV station operator Gray Television made an offer to buy larger peer Tegna for nearly $8.5B, including debt, sources familiar with the matter stated.

Fri, 06 Mar 2020 15:42:18 GMT

Starbucks stops accepting own cups

Starbucks Corp stopped accepting customers' reusable cups to prevent the coronavirus spread, though the company will still provide the promised discount for cup owners.

Fri, 06 Mar 2020 15:04:29 GMT

Tesla gets approval for longer-range Model 3 cars sale

Tesla has received approval by the Chinese government for a sale of its longer-range Model 3 vehicles made in China, the MIIT announced on Friday.

Fri, 06 Mar 2020 13:53:07 GMT

Samsung to move some phone production to Vietnam

On Friday, Samsung Electronics stated it would temporarily shift some of its smartphone output from South Korea to Vietnam due to a couple of tech giant's Korean employees tested positive for coronavirus, prompting it to close a plant.

Fri, 06 Mar 2020 11:43:18 GMT

Nokia draws €500M loan from EIB

Nokia drew a €500M Research and Development loan from the EIB (European Investment Bank) on February 24, according to the US Securities and Exchange Commission's statement.

Fri, 06 Mar 2020 10:59:42 GMT

HSBC orders 100 London employees to work from home

HSBC Holdings PLC sent home over 100 of its London staff after one of the employees tested positive for coronavirus, following a major virus outbreak across the globe.

Fri, 06 Mar 2020 09:21:07 GMT

Cathay Pacific plans 147 job cuts

On Friday, Hong Kong's Cathay Pacific Airways announced it was closing the cabin crew base based in Vancouver, cutting 147 jobs as a result of the ongoing business review.

Fri, 06 Mar 2020 07:44:11 GMT

PetroChina halts some LNG imports amid coronavirus

PetroChina suspended some of its liquified natural gas and pipeline gas shipments as the coronavirus outbreak hit the demand, the company announced.

Fri, 06 Mar 2020 07:01:54 GMT

Flipkart faces Indian anti-trust probe

Walmart's Flipkart is facing a further anti-trust investigation in India, following a request to the country's competition watchdog to look into the company's possible abuse of its dominant position in the e-commerce.

Fri, 06 Mar 2020 05:45:45 GMT

AT&T, Google Cloud tie up on 5G edge computing

AT&T Inc is partnering with Alphabet's Google Cloud over the 5G edge computing technologies usage designed to help clients boost speed and raise security by running their applications closer to the end users.

Fri, 06 Mar 2020 04:45:56 GMT

Nokia partners with Intel over 5G

Finland's Nokia Oyj has signed a partnership with Intel to accelerate its shift to the 5G technology, following the Finnish group's announcement of a similar cooperation deal with Marvell Technology.

Fri, 06 Mar 2020 04:11:06 GMT

HP ditches Xerox's raised takeover bid

On Thursday, HP Inc has rejected a raised offer by Xerox Holdings worth about $35B, claiming that the bid still undervalued the PC maker.

Fri, 06 Mar 2020 03:13:15 GMT

Wall Street falls more than 3% on virus fears

The US stocks plunged over 3% on Thursday due to revived fears about the coronavirus, bringing global financial companies' shares down, with JPMorgan Chase and Bank of America Corp shares slipping 4.9% and 5.1% respectively.

Thu, 05 Mar 2020 20:52:52 GMT

OPEC agrees to cut oil supply by 1.5M barrels per day

On Thursday, the Organization of the Petroleum Exporting Countries has agreed to cut crude oil supply by an additional 1.5M barrels a day in the Q2 of 2020.

Thu, 05 Mar 2020 19:50:10 GMT

Portugal's flag carrier TAP cancels 1,000 flights in March-April

Portugal's TAP has cancelled about 1000 flights scheduled for this month and April, as fears of the coronavirus hit demand. The company said in a statement on Thursday.

Thu, 05 Mar 2020 18:47:43 GMT

US stock indexes decline on Thursday

On Thursday, Wall Street's main indexes edged lower, as the spread of the coronavirus hit California. The benchmark US Treasury yield hit a record low.

Thu, 05 Mar 2020 17:58:43 GMT

Siluanov says Russia can cope with drop in oil prices

On Thursday, the Russian Finance Minister Anton Siluanov said that Russia is fiscally ready to cope with a crude oil price drop.

Thu, 05 Mar 2020 16:43:59 GMT

Finnair seeks to become carbon neutral in 25 years

On Thursday, Finnair announced it stepped up the efforts to reach its target of becoming carbon neutral by 2045, adding it would start by halving the company's net emissions by 2025.

Thu, 05 Mar 2020 15:53:18 GMT

OPEC backs largest oil cut in over decade

OPEC agreed to trim the oil output by extra 1.5M barrels per day in the current year's Q2 to support prices hit by the outbreak of coronavirus across the globe, it stated on Thursday.

Thu, 05 Mar 2020 15:07:54 GMT

Southwest Airlines sees coronavirus to hit Q1 revenue

On Thursday, Southwest Airlines forecast a hit worth about $300M to its Q1 operating revenue by the coronavirus outbreak, making the carrier to trim the outlook for its quarterly revenue.

Thu, 05 Mar 2020 14:32:50 GMT

Israel's Hailo attracts $60M, total funding $88M

Israeli start-up Hailo, the artificial intelligence chips developer, announced on Thursday it had raised $60M in a round of funding, bringing the company's total financing to $88M.

Thu, 05 Mar 2020 13:22:38 GMT

HP ditches Xerox's raised takeover bid

On Thursday, HP Inc has rejected a raised offer by Xerox Holdings worth about $35B, claiming that the bid still undervalued the PC maker.

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