News

Note: This section contains information in English only.
Tue, 07 Jul 2020 05:15:43 GMT

Bailey addresses Conservatives

On Monday, it was revealed that the Governor of the Bank of England Andrew Bailey would host a private meeting with members of the Conservative party.

Tue, 07 Jul 2020 04:31:22 GMT

EU Commission approves Austrian Airlines loan

On Monday, the Commission of the European Union approved a 150 million euro loan to the Austrian Airlines.

Tue, 07 Jul 2020 03:31:36 GMT

Oil trades steady

During US trading hours, crude oil prices remained steady as a decline in supply was outweighed by virus caused demand decreases.

Mon, 06 Jul 2020 20:41:37 GMT

Wall Street gains on Monday

During Monday's US trading hours, stock indices surged, as data revealed growth in the US services sector.

Mon, 06 Jul 2020 19:41:17 GMT

Fujitsu to reduce office space by half

Japan's Fujitsu is planning to reduce its office space by half in three years amid reorganising the way its employees would work, introducing flexible hours for nearly 80K staff.

Mon, 06 Jul 2020 18:48:20 GMT

Wirecard's Dubai head arrested on Monday

On Monday, German prosecution arrested Wirecard's Dubai head as part of the multi-billion-dollar fraud probe over the payments company's collapse.

Mon, 06 Jul 2020 17:41:39 GMT

Ford to challenge Jeep with Bronco SUV

Ford Motor has launched on Monday new marketing and product strategy for its Bronco SUVs, seeking to challenge Fiat Chrysler's profitable Jeep franchise.

Mon, 06 Jul 2020 16:42:01 GMT

Brazil sees auto sales recovery in 2025

On Monday, the Brazilian automakers association stated it only expected car sales recovery in 2025, blaming the coronavirus crisis to hit too hard, when it has already been a week spot of the country.

Mon, 06 Jul 2020 16:08:34 GMT

NMI soared in June

On Monday, the US-based Institute of Supply Management reported the Non-Manufacturing Index climbed to 57.1 points in June, signaling possible recovery after coronavirus-caused lockdowns.

Mon, 06 Jul 2020 15:16:31 GMT

Tesla's red shorts sold out

The US electric vehicle producer Tesla sold out the satin shorts they offered to ridicule short-sellers after surpassing the market capitalization of Toyota.

Mon, 06 Jul 2020 14:00:12 GMT

Irish coronavirus jobless claims drop to 413K

The number of the COVID-19-related temporary jobless claims in Ireland dropped to 412,900, compared to the previous reading of 439,000, according to the government data published on Monday.

Mon, 06 Jul 2020 12:14:11 GMT

Lloyds Bank head to step down in 2021

Lloyds Bank's CEO António Horta-Osório announced on Monday that he was set to step down from his post the next year, leaving the British largest domestic bank to search for a successor to replace him.

Mon, 06 Jul 2020 11:39:33 GMT

UK considers tax cuts amid COVID recovery

Rishi Sunak, the British finance minister, is planning to restart the UK economy by granting homebuyers a tax break, while cutting the value-added tax for hospitality firms, pubs and restaurants, according to The Times newspaper.

Mon, 06 Jul 2020 09:41:18 GMT

Global stocks surge

During Monday's European trading hours, global stock indices surged to a four week high level. The surge was attributed to an increase of economic activity in China.

Mon, 06 Jul 2020 09:04:33 GMT

Ford's China ventures reports car sales growth

On Monday, Ford Motor's China ventures posted a 7.7% jump in its year-over-year sales in June, marking the ongoing recovering from the coronavirus crisis, but not disclosing the number of vehicles sold.

Mon, 06 Jul 2020 08:12:13 GMT

Berkshire to acquire Dominion Energy's gas assets

Warren Buffet's Berkshire Hathaway announced that its energy unit would acquire Dominion Energy's natural gas assets for $4B, in a move to reduce the conglomerate's cash pile, Reuters reported.

Mon, 06 Jul 2020 06:41:04 GMT

Uber to buy Postmates in $2.65B all-stock deal

Uber Technologies, the ride-sharing company, is set to acquire the food-delivery app Postmates in a $2.65B all-stock deal, according to a Bloomberg News report published late Sunday.

Mon, 06 Jul 2020 06:36:57 GMT

UK new car sales reports smaller drop in June

British new car sales declined by a third in June, reporting 145K units registered last month on annual basis, a smaller fall than in the prior three months.

Mon, 06 Jul 2020 05:05:29 GMT

French economy is pulling out of slump faster than expected

Francois Villeroy de Galhau, the governor of the Bank of France, stated on Sunday that France's economy is bouncing back faster than expected.

Mon, 06 Jul 2020 04:00:54 GMT

Commerzbank's top executives resign

According to sources with knowledge of the matter, Commerzbank's CEO Martin Zielke and Chairman Stefan Schmittmann have resigned after a damaging dispute with the German unions.

Mon, 06 Jul 2020 03:00:01 GMT

NZ's PM Ardern launches election campaign

On Sunday, the Prime Minister of New Zealand Jacinda Ardern launched her Labour Party's election campaign with promises of jobs and additional financing for small companies.

Mon, 06 Jul 2020 02:03:39 GMT

Scholz plans to give more power to financial watchdog

According to the Frankfurter Allgemeine Sonntagszeitung, Germany's Finance Minister Olaf Scholz planned to give the German Financial markets authority more control rights over financial reports.

Sun, 05 Jul 2020 19:35:10 GMT

UAE private sector bounces back to growth

The United Arab Emirates non-oil private sector rose in June for the first time in 2020, as coronavirus-related restrictions were lifted.

Sun, 05 Jul 2020 19:03:37 GMT

French economy keeps recovering

The French economy continued to recover from the slump induced by the coronavirus outbreak as fast as anticipated a month ago, the Bank of France Governor stated.

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