News

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Sun, 17 May 2020 03:41:10 GMT

Fiat Chrysler asks for loan

The Fiat Chrysler arm of Italy has asked the Italian government for a state-backed loan for the local operations.

Sun, 17 May 2020 03:31:57 GMT

Saudi sovereign fund seeks loan

On Saturday, it was revealed that the Saudi Arabian sovereign funds is looking for a $10 billion margin loan.

Sat, 16 May 2020 20:41:49 GMT

Czech government considers airline buyout

The government of the Czech Republic could buy out Czech Airlines, Minister of Industry Karel Havlicek stated on Saturday.

Sat, 16 May 2020 20:05:13 GMT

Wuhan offers consumer incentives

On Saturday, the government of Chinese Wuhan province issued a row of consumer subsidies that would support home appliance and car sales.

Sat, 16 May 2020 18:13:24 GMT

California rejects SpaceX subsidies

The government of the state of California has denied subsidies for SpaceX, as the CEO of the company Elon Musk has resumed work at Tesla despite Coronavirus restrictions.

Sat, 16 May 2020 18:09:35 GMT

US asks for Bezos's testimony

On Saturday, the US House of Representatives Judiciary Committee called in Jeff Bezos to testify about third party seller data.

Sat, 16 May 2020 16:50:24 GMT

US Justice Department subpoenas banks

Reuters revealed on Saturday that the US Justice Department has sent subpoenas to the Wall Street banks, which abused the emergency loan program.

Sat, 16 May 2020 15:41:45 GMT

PBOC increases stimulus

On Saturday, the People's Bank of China announced that it would increase its monetary stimulus measures to support the economy.

Sat, 16 May 2020 14:40:18 GMT

JC Penney files for bankruptcy

J.C. Penney on Friday filed for bankruptcy protection and announced plans to close some of its stores.

Sat, 16 May 2020 14:34:11 GMT

US cuts Huawei from supply

On Saturday, the US government blocked Huawei from accessing the global supply of chips.

Sat, 16 May 2020 12:42:22 GMT

Facebook buys Giphy

Facebook revealed on Friday that the company had bought the GIF website Giphy to integrate it with Instagram.

Sat, 16 May 2020 12:32:40 GMT

Saudi Arabia buys stakes in companies

On Saturday, it was revealed that the Saudi sovereign fund had bought in stakes in Citi, Boeing and Facebook.

Sat, 16 May 2020 10:41:28 GMT

China asks US to stop Huawei suppression

On Saturday, the Chinese government requested the United States government to stop the suppression and barring of Huawei from global chip supplies.

Sat, 16 May 2020 10:33:59 GMT

GM CEO comments on layoffs

On Friday, the CEO of General Motors Mary Barra stated that despite recent layoffs in self driving car units, she still sees potential in autonomous cars.

Sat, 16 May 2020 08:46:35 GMT

US Justice Department sues Google

The Wall Street Journal revealed on Friday that the US Justice Department would file an antitrust lawsuit against Google.

Sat, 16 May 2020 08:28:26 GMT

Democrats pass new stimulus

On Friday, Democrats of the US House of Representatives managed to pass the bill of additional $3 trillion in coronavirus aid.

Sat, 16 May 2020 05:31:18 GMT

Federal Reserve issues warning

On Friday, the US Federal Reserve stated that the financial sector is about to face the effects of the coronavirus, as unemployment hits credit repayments.

Sat, 16 May 2020 03:40:30 GMT

US Dollar trades flat

During Friday's US trading hours, the US Dollar ended the week's trading by surging 0.66%, as there were no major notable events occurring.

Sat, 16 May 2020 03:28:11 GMT

Wall Street ends week with surge

On Friday, US stock markets ended the week with a surge, as the three major US stock exchange indices closed higher.

Fri, 15 May 2020 22:30:09 GMT

Brazil reduces taxes

The Brazilian federal revenue service announced on Friday that it has reduced or deferred taxes valued at $29.15 billion.

Fri, 15 May 2020 21:10:51 GMT

Oil prices jump on Friday

During Friday's trading hours, crude oil prices jumped by 7%, as they reached above April and May high levels.

Fri, 15 May 2020 19:49:20 GMT

Indonesia to introduce VAT on internet companies

Indonesia will require large internet firms to pay VAT on digital services and products sales starting from July, in a move that can be adopted by other countries as they seek boosting revenues after the coronavirus pandemic.

Fri, 15 May 2020 19:11:58 GMT

Foxconn Q1 profit hits record low in two decades

Foxconn reported its Q1 profit dropped to its lowest level in two decades, after the coronavirus outbreak forced the Taiwanese company to halt its manufacturing operations based in China, knocking customer demand including Apple.

Fri, 15 May 2020 18:22:50 GMT

Facebook acquires Giphy to integrate into Instagram

Facebook is buying Giphy, the popular GIF website, for further integration into Instagram, the social media tech announced on Friday, not disclosing the financial details of the deal.

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