News

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Thu, 04 Jun 2020 07:38:09 GMT

Etihad to renew transit flights on June 10

Etihad Airways is set to renew carrying transit passengers on June 10 from certain destinations after the UAE government has lifted a suspension imposed on those flights.

Thu, 04 Jun 2020 05:22:06 GMT

Lufthansa reports €2.1B net loss in Q1

Revenues of Lufthansa declined 18% year-over-year to €6.4B in the Q1, resulting in net profit loss of €2.1B, airline announced,

Thu, 04 Jun 2020 03:59:42 GMT

Ireland's jobless rate at 26.1% in May

Ireland's jobless rate went down slightly to 26.1% in May from the prior month's figure of 28.2%, the country's CSO stated.

Thu, 04 Jun 2020 03:39:12 GMT

Brazil post $3B FX inflow in May

Brazil posted a $3,1B net FX inflow in May, Central Bank's figures revealed, the first net FX inflow since last year's July.

Wed, 03 Jun 2020 21:16:06 GMT

Total to participate in SSE wind farm project

France's oil major Total said that it will buy 51% stake in SSE's wind farm project, Seagreen 1, adding that it represented a global investment of nearly $3.7B.

Wed, 03 Jun 2020 20:19:09 GMT

German jobless rate rises

The jobless rate in Germany increased by 0.3% to 6.1% in May, compared to the prior month, the Federal Employment Agency reports.

Wed, 03 Jun 2020 19:13:27 GMT

Bank of Canada keeps key rate unchanged

The Canadian central bank decided to keep the key interest rate at 0.25% amid the coronavirus outbreak, a statement published by the bank shows.

Wed, 03 Jun 2020 18:12:21 GMT

S. Korea foreign reserves increase to $407.3B

South Korea's foreign reserves increased for the second consecutive month to $407.3B in May, a statement published by the Bank of Korea shows.

Wed, 03 Jun 2020 17:08:36 GMT

Hong Kong retail sales decrease in April

Retail sales in Hong Kong fell to $3.1B in April, a decline of 36.1% from the same period the previous year, data published by the Hong Kong Special Administrative Region government show.

Wed, 03 Jun 2020 16:29:21 GMT

S. Korea export falls 23.7%

The South Korean export declined 23.7% to $34.86B in May, compared to the same period the prior year, the Ministry of Trade, Industry and Energy reports.

Wed, 03 Jun 2020 13:42:58 GMT

Airlines cut fares

On Wednesday, International Air Transport Association announced that in May airlines cut fares by an average of 23%.

Wed, 03 Jun 2020 13:02:44 GMT

3M appoints GE exec Patolawala as CFO

On Wednesday, the US industrial conglomerate 3M has named Monish Patolawala, General Electric's executive, as 3M's new Chief Financial Officer who will replace Nick Gangestad starting from July 1.

Wed, 03 Jun 2020 11:54:45 GMT

BlackRock to switch focus to Asia credit, oil and travel

BlackRock, the world's largest asset manager, is planning to switch its focus to domestic tourism, oil stocks and debt in India and China, calling out investment opportunities in Asia, it said on Wednesday.

Wed, 03 Jun 2020 11:25:43 GMT

Renault completes €5B loan

On Wednesday, Renault has finalised the €5B French government-backed loan, boosting the automaker's finances amid the coronavirus crisis, which hit hard the auto industry.

Wed, 03 Jun 2020 10:11:10 GMT

European business declines

Survey data published on Wednesday revealed that in May Euro Zone business activity continued to decline.

Wed, 03 Jun 2020 09:31:21 GMT

World shares hit three-month highs on Wednesday

On Wednesday, global shares hit their three-month highs on hopes for economic recovery after the coronavirus crisis, despite the on-going US civil unrest.

Wed, 03 Jun 2020 07:55:03 GMT

Google sued for $5B over illegal internet tracking

Google has faced a $5B lawsuit in the United States for tracking its users' internet use in a "private" mode, invading their privacy.

Wed, 03 Jun 2020 06:45:10 GMT

PayPal, WhatsApp invest in Indonesia's Gojek

On Wednesday, PayPal Holdings and Facebook's WhatsApp announced they had made investments in Indonesia's Gojek, the ride-hailing and food delivery app operator, as part of its ongoing fundraising round.

Wed, 03 Jun 2020 06:39:16 GMT

Twitter appoints ex-Google CFO as new chair

Twitter has named the former Google Chief Financial Officer Patrick Pichette as its new board chairman, Reuters reported.

Wed, 03 Jun 2020 05:05:46 GMT

Volkswagen to name Blume as brand chief

According to sources with knowledge of the discussion, the CEO of Volkswagen AG Herbert Diess would name Porsche's CEO Oliver Blume as the VW brand chief.

Wed, 03 Jun 2020 04:02:51 GMT

Volkswagen completes $2.6B deal with Argo AI

Volkswagen AG has completed its $2.6 billion investment deal with Argo AI, the startup company said on Tuesday.

Wed, 03 Jun 2020 03:03:52 GMT

US begins investigation into vanadium imports

On Tuesday, the US Commerce Department announced that it was commencing a national security investigation into vanadium imports.

Wed, 03 Jun 2020 01:47:56 GMT

Dubai to allow malls and private businesses to reopen

According to Dubai's media office, Dubai would allow private businesses and malls to reopen starting on June 3.

Tue, 02 Jun 2020 18:44:41 GMT

Chinese firms purchase US soybeans

According to sources with knowledge of the matter, China's state-owned companies purchased at least three shiploads of soybeans from the United States on Monday.

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