News

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Mon, 27 Jul 2020 19:23:17 GMT

US stocks upbeat on stimulus expectations

The stock market stepped up on Monday on anticipations of the upcoming government stimulus packages, despite the surge in COVID-19 cases and the US-China strains.

Mon, 27 Jul 2020 18:01:54 GMT

Deutsche Bank to cease coal mining till 2025

On Monday, Deutsche Bank AG declared that it will terminate their undertakings linked to coal mining by 2025 due to the environmental solicitudes.

Mon, 27 Jul 2020 17:27:50 GMT

Facebook takes legal action against EU

The US social media conglomerate Facebook Inc has pressed charges against the EU for breaching the privacy of the company's employees during the antitrust regulator investigation.

Mon, 27 Jul 2020 16:01:16 GMT

France's jobless total falls in June

The number of unemployed persons in France fell 204.7K in June, the largest monthly decline on record, as some job seekers found part-time employment.

Mon, 27 Jul 2020 14:47:11 GMT

Under Armour gets Wells Notice

Under Armour disclosed that its top executives received a Wells Notice from the US SEC related to an investigation over the sportswear maker's accounting practices.

Mon, 27 Jul 2020 13:53:01 GMT

Albertsons' same-store sales jump 26.5%

The US grocer Albertsons reported on Monday a 26.5% surge in the same-store sales in the Q1, boosted by higher demand for its grocery home deliveries during the coronavirus lockdown.

Mon, 27 Jul 2020 13:29:50 GMT

Restaurant chains view sales rebound

Starbucks, McDonald's, Yum Brands and other large restaurant chains are expected to show sales rebound this month, based on early reports from competitors that improved despite their restaurants were closed for months.

Mon, 27 Jul 2020 12:28:06 GMT

Carrefour launches Uber Eats service in France, Belgium

On Monday, Carrefour, the French supermarket retailer, stated it was expanding their home delivery partnership with Uber Eats to more French cities as well as to Belgium.

Mon, 27 Jul 2020 11:32:44 GMT

BMW to launch fully electric 5-series cars

BMW is set to offer fully electric 5-series vehicles as part of the German carmaker's intention to lower car emissions on the road as well as during production.

Mon, 27 Jul 2020 10:25:02 GMT

Oil prices decline

On Monday, crude oil price benchmarks declined, as a retracement from previous highs was taking place.

Mon, 27 Jul 2020 09:27:46 GMT

Amazon to add 1K jobs in Ireland

On Monday, Amazon announced it would expand its workforce in Ireland to 5K by creating additional 1K jobs, adding it was also planning to open a new delivery station based in Dublin this year.

Mon, 27 Jul 2020 07:44:46 GMT

Google accused of misleading users over personal data

On Monday, the Australian competition regulator accused Google of misleading its users to receive a permission for their personal data use for targeted advertising, claiming a millions-of-dollars worth fine and aiming to make a precedent.

Mon, 27 Jul 2020 07:38:42 GMT

Bitcoin surges above $10K

Bitcoin surged above $10K on Sunday, after trading in the narrow ranges during several weeks, marking its first such surge since early June.

Mon, 27 Jul 2020 06:20:21 GMT

Huawei trims Indian revenue goal by 50%

Huawei Technologies, the Chinese telecom company, has reduced its 2020 revenue target in India by around 50%, laying off over half of its workforce in the country, according to the Economic Times report published on Monday.

Mon, 27 Jul 2020 05:00:58 GMT

South Africa continues COVID-19 loans for SME

On Sunday, the South African Treasury Department said in a statement that the government has extended the COVID-19 loans for struggling small and medium-sized firms.

Mon, 27 Jul 2020 04:05:11 GMT

TUI cancels all travel to Spain

On Sunday, the European biggest holiday firm TUI announced that it had cancelled all tourism travels to mainland Spain.

Mon, 27 Jul 2020 02:56:50 GMT

Spain says COVID-19 outbreak is under control

On Sunday, the Spanish Foreign Ministry announced that Spain's COVID-19 is under control, after the UK government imposed a two-week quarantine on those people travelling from Spain to Britain.

Mon, 27 Jul 2020 01:45:22 GMT

PiS distances itself from plan to exit European treaty

On Sunday, Poland's ruling party PiS distanced itself from a plan of the Polish Justice Minister Zbigniew Ziobro to withdraw from the European treaty, known as the Istanbul Convention.

Sun, 26 Jul 2020 19:49:27 GMT

South Africa prolongs coronavirus loans for SME

South Africa has extended the COVID-19 loans for struggling small and medium-sized enterprises, the treasury said in a statement on Sunday.

Sun, 26 Jul 2020 19:00:52 GMT

UK defends Spain's quarantine decision

On Sunday, Dominic Raab, the British Foreign Minister, defended the UK government decision to impose a 14-day quarantine on those people travelling from Spain to Britain.

Sun, 26 Jul 2020 18:00:13 GMT

China's imports of soybean from Brazil hit record

China's imports of soybean from Brazil surged to a record level in June, data from the General Administration of Customs showed on Sunday.

Sun, 26 Jul 2020 17:01:48 GMT

China's oil imports from Saudi surge by 15%

According to data from the General Administration of Customs published on Sunday, China's oil imports from Saudi Arabia surged to 8.88 million tonnes in June.

Sun, 26 Jul 2020 16:01:10 GMT

WH supports extending unemployment benefits

Steven Mnuchin, the US Treasury Secretary, announced on Saturday that the White House backs a partial extension of jobless benefits until the end of the year.

Sun, 26 Jul 2020 15:00:26 GMT

Boeing plans to delay all-new 777X jet

According to sources with knowledge of the matter, Boeing Co is planning to delay its 777X jet production.

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