News

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Sat, 05 Sep 2020 15:07:08 GMT

Ant hires Goldman Sachs as a leading manager for IPO

Goldman Sachs has been hired to join the leading investment lenders for the planned initial public offering of the Chinese financial technology company Ant Group worth around $30B, according to Reuters.

Sat, 05 Sep 2020 14:29:39 GMT

Italy sees Mediaset joining broadband network

On Saturday, Italy's Prime Minister Giuseppe Conte stated that the domestic media group Mediaset could join the government's single broadband network with a further revision of the telecoms ownership.

Sat, 05 Sep 2020 13:24:48 GMT

Berkshire trims Wells Fargo stake

Berkshire Hathaway reduced its Wells Fargo stake to 3.3% from what had been a $32B investment in the lender.

Sat, 05 Sep 2020 11:44:53 GMT

Number of US drilling rigs increases

According to the services company Baker Hughes, the number of drilling rigs in the US increased from 254 to 256 this week.

Sat, 05 Sep 2020 11:01:12 GMT

WTO official praises China

The WTO Deputy Director-General Yi Xiaozhun highlighted on Friday that China was the key driving force of the global economy in recent years.

Sat, 05 Sep 2020 10:06:53 GMT

US unemployment rate decreases to 8.4%

According to the US Bureau of Labor Statistics, 1.4M new jobs were created in August thus lowering the country's unemployment rate to 8.4%.

Sat, 05 Sep 2020 08:57:31 GMT

Car production recovers in Brazil

According to the Anfavea, the number of cars produced in Brazil in August increased 23.6% compared with July, thus showing signs of a gradual after-pandemic recovery.

Sat, 05 Sep 2020 07:43:30 GMT

IAEA inspects Iran's nuclear site

The International Atomic Energy Agency has inspected one of the two Iran's nuclear sites, the agency announced on Friday.

Sat, 05 Sep 2020 06:54:09 GMT

Musk meets with Volkswagen's CEO

According to a source with knowledge of the matter, Tesla's Chief Executive Officer Elon Musk met with Herbert Diess, Volkswagen's CEO, during a visit to Germany.

Sat, 05 Sep 2020 05:47:50 GMT

Belarusian opposition leader calls on UN

On Friday, Sviatlana Tsikhanouskaya, the Belarusian opposition leader, urged the United Nations to send an international monitoring mission to Belarus.

Sat, 05 Sep 2020 05:01:58 GMT

EU approves $235.23M in state aid to Alitalia

On Friday, the European Union regulators have approved 199.45M euro ($235.23M) in state grant to assist Italy's carrier Alitalia.

Sat, 05 Sep 2020 03:59:08 GMT

Amazon to add 10,000 more jobs

On Friday, Amazon.com announced that it would create around 10k jobs in the coming years in Washington and Bellevue.

Sat, 05 Sep 2020 03:10:13 GMT

VA announces 1,150 job cuts

On Friday, Virgin Atlantic completed its $1.6 billion restructuring plan and shed 1,150 jobs due to the COVID-19 crisis.

Sat, 05 Sep 2020 01:52:30 GMT

WH reaches deal with US Congress

On Friday, the US Vice President Mike Pence stated that the White House has reached an agreement with the US Congress to fund the US government until the end of September.

Fri, 04 Sep 2020 20:01:08 GMT

Morocco economy to shrink 2% in 2020

The economy of Morocco is expected to shrink by 2% in 2020, a statement published by the European Bank for Reconstruction and Development shows.

Fri, 04 Sep 2020 19:00:47 GMT

Moody's cuts India growth forecast

Moody's Investors Service revised India's economic growth forecast to 0% for the fiscal year 2021, data published by the company show.

Fri, 04 Sep 2020 18:02:07 GMT

Cyprus GDP to contract 6.9% in 2020

The Cyprus economy is expected to contract 6.9% in 2020 amid the coronavirus pandemic, a statement published by the Research Center of the University of Cyprus shows.

Fri, 04 Sep 2020 17:13:18 GMT

Polish economy to contract 4.25% in 2020

The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.

Fri, 04 Sep 2020 16:24:43 GMT

Uganda coffee export reaches $494M

Earnings from coffee export from Uganda reached a record high of $494M for the year ended on June 30, a statement published by the Ministry of Finance shows.

Fri, 04 Sep 2020 13:56:43 GMT

Virgin Atlantic set for over 1K more layoffs

Virgin Atlantic is planning 1,150 more job position trims amid a weak recovery in demand after the coronavirus lockdowns, the struggling carrier stated on Friday.

Fri, 04 Sep 2020 12:45:36 GMT

France's Engie sees bid for Suez undervalued

France's Engie chairman stated he had considered that Veolia's bid for Engie's stake in Suez was undervalued.

Fri, 04 Sep 2020 10:11:58 GMT

Danske Bank to compensate $16M to customers

Danske Bank is set to pay up to $15.93M to around 900 customers in total who were overcharged for investment products, the lender announced on Friday.

Fri, 04 Sep 2020 09:17:23 GMT

Amazon Japan provides regulators with improvement plan

Amazon Japan submitted regulators with its plan on how the company will improve potential practices of violating antitrust rules, according to the Asahi Shimbun report sene this Friday.

Fri, 04 Sep 2020 08:08:58 GMT

European stocks open lower

On Friday, European stocks opened lower. The pan-European STOXX 600 Index fell by 0.90%, as technology shares continued to decline from the previous session.

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