News

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Tue, 16 Jun 2020 04:40:42 GMT

Crude oil prices rise

On Monday, crude oil price benchmarks surged by more than 2%, as oil producers continued to cut production.

Tue, 16 Jun 2020 04:30:44 GMT

Fed begins corporate bond purchase

The US Federal Reserve announced on Tuesday that it would begin a corporate bond purchasing program.

Tue, 16 Jun 2020 03:31:46 GMT

Tesla negotiates with state of Texas

On Monday, a report released by Reuters revealed that Tesla has been negotiating about incentives with the state of Texas.

Mon, 15 Jun 2020 21:06:56 GMT

Stocks rebound on Monday

During Monday's US trading hours, stock prices surged, as the Federal Reserve announced new stimulus measures.

Mon, 15 Jun 2020 19:49:25 GMT

Travis Perkins to cut 2.5K positions

Travis Perkins, the UK largest building materials group, is set to slash around 2.5K jobs or 9% of workforce, warning that recession caused by the crisis will hit demand.

Mon, 15 Jun 2020 18:43:12 GMT

WhatsApp introduces digital payment in Brazil

Facebook's WhatsApp messaging service implemented a system in Brazil, which will allow to send money to local businesses or individuals within chat.

Mon, 15 Jun 2020 18:17:08 GMT

Tata Motors to cut 1.1K JLR jobs

India's Tata Motors is set to to shed about 1.1K temporary jobs at Jaguar Land Rover after it increased the cost-cutting target at the unit by $1.26B.

Mon, 15 Jun 2020 16:51:19 GMT

Fed rolls out Main Street lending programme

The Federal Reserve has launched registration for lenders that are eager to participate in the Main Street Lending Programme, which is designed for companies that need financing to retain their fund operations and employees after the pandemic hit.

Mon, 15 Jun 2020 16:15:15 GMT

Tesla's car registrations in China rise in May

Tesla's Chinese car registrations, including imported vehicles, surged as much as 150% to 11,565 units month-on-month in May, compared to April's reading of 4,633 cars, according to LMC Automotive data.

Mon, 15 Jun 2020 15:31:27 GMT

Nokia to supply 10% of Unicom's 5G network

Nokia, Finland's telecom equipment maker, is set to supply 10% of China Unicom's 5G core network, according to its CEO Rajeev Suri.

Mon, 15 Jun 2020 14:25:38 GMT

Delta to resume flights from June 18

On Monday, the Shanghai government has granted its approval to Delta Air Lines to resume its flights starting from June 18, setting the stage for the airline to revive services to China after lockdowns.

Mon, 15 Jun 2020 13:36:55 GMT

Walmart ties up with Shopify

On Monday, Walmart stated it was partnering with the e-commerce company Shopify, aiming to expand the online marketplace business, as well as cash in on a surge in online shopping driven by the coronavirus lockdowns.

Mon, 15 Jun 2020 12:29:56 GMT

Charging points for EV rise in 2019

The number of electric vehicle charging points accessible for public surged as much as 60% in 2019, marking the biggest rise in the last three years, according to the IEA.

Mon, 15 Jun 2020 11:25:37 GMT

American Airlines sees halting its cash burn

American Airlines Group is expecting to halt its cash burn by 2020-end due to travel demand improvement and cost-cutting measures, sending its shares up 18% to $17.06.

Mon, 15 Jun 2020 10:20:35 GMT

Oil prices decline

During Monday's European trading hours, crude oil price benchmarks declined, as fears of a new coronavirus wave signalled of a lower demand.

Mon, 15 Jun 2020 09:13:26 GMT

EasyJet resumes flights on Monday

Britain's EasyJet has resumed a few of its domestic flights on Monday after they were halted on March 30 due to the coronavirus pandemic, with the passengers observing all the COVID-19 measurements.

Mon, 15 Jun 2020 08:10:03 GMT

Skillsoft files for bankruptcy

On Monday, the e-learning firm Skillsoft Corp announced it had filed for the Chapter 11 bankruptcy aiming to reduce its debt worth around $2B, adding it had also agreed with its lenders on restructuring agreement to cut the debt to $410M.

Mon, 15 Jun 2020 06:44:49 GMT

VW Mexico to gradually resume its plant

Volkswagen AG's Mexican arm is set to start sending its workers back to the Puebla plant on Tuesday, aiming to prepare and train eyeing a gradual launch of operations further ahead.

Mon, 15 Jun 2020 06:38:31 GMT

Unilever to make investment in climate change fund

On Monday, Unilever Plc announced a €1B investment in the climate change projects, claiming reduction to the net zero greenhouse gas emissions by 2039.

Mon, 15 Jun 2020 04:59:06 GMT

Spain plans aid package for auto sector

The Spanish government plans a €3.7B financial package for its auto industry, Spain's Prime Minister Pedro Sanchez announced on Sunday.

Mon, 15 Jun 2020 03:59:21 GMT

UK to review quarantine policy for travellers

Britain's Chancellor of the Exchequer Rishi Sunak stated on Sunday that the UK government could make changes to a 14-day quarantine for travellers coming to the country.

Mon, 15 Jun 2020 01:47:28 GMT

AstraZeneca signs contract with EU

Drugmaker AstraZeneca has agreed to supply 400 million doses of coronavirus vaccine to Europe's Inclusive Vaccines Alliance.

Mon, 15 Jun 2020 01:44:53 GMT

Spain to open borders for Schengen countries

The Spanish Prime Minister Pedro Sanchez announced on Sunday that Spain would open its borders for the Schengen zone countries on June 21.

Sun, 14 Jun 2020 20:11:44 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

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