News

Note: This section contains information in English only.
Tue, 12 Jul 2022 06:30:27 GMT

Twitter removes spam accounts

Twitter has announced that the company has been removing 1 million spam accounts per day, as it battles automated bots.

Mon, 11 Jul 2022 14:30:06 GMT

Airbnb provides information to authorities

An EU court adviser has revealed that Airbnb would be obliged to provide tax authorities with contract information.

Mon, 11 Jul 2022 10:30:05 GMT

HSBC head of department quits

The Head of Responsible Investing of HSBC Asset Management Stuart Kirk has left the bank in the aftermath of controversy about his comments that global authorities had exaggerated financial risks of climate change.

Mon, 11 Jul 2022 06:30:07 GMT

Merck aims to buy Seagen

The Wall Street Journal has revealed that Merck is in talks with Seagen about a $40 billion acquisition of the company.

Fri, 08 Jul 2022 14:30:07 GMT

Bond investors expect inflation

The Russel survey has revealed that bond investors expect inflation in the United States to remain high for a longer time period than previously expected.

Fri, 08 Jul 2022 12:35:31 GMT

Markets react to US Employment data

At 12:30 GMT, the global markets reacted to the better than forecast US employment data with a major surge of the US Dollar. Subsequently assets that are traded against it plummeted.

Fri, 08 Jul 2022 12:30:06 GMT

Canadian Dollar eases its surge

A Reuters poll revealed this week that the surge of the value of the Canadian Dollar is expected to decrease, as the global economic slowdown would decrease the demand for commodities.

Fri, 08 Jul 2022 10:30:05 GMT

Lufthansa staff issue announcement

On Thursday, Lufthansa staff called for an end to cost-cutting at the company, as it would increase the chaos at airports.

Fri, 08 Jul 2022 08:30:06 GMT

Samsung reveals record profits

In the second quarter of 2020, Samsung profits hit a high not seen since 2018, as chips boosted sales.

Fri, 08 Jul 2022 06:30:05 GMT

Euro volatility increases

This week, as the Euro reached a two-decade-low level, the currency increased its volatility to levels not observed since March of 2020.

Thu, 07 Jul 2022 14:30:08 GMT

EU invests in top power plant

Reuters has revealed that the European Union intends to become the top investor in the world's tallest hydro dam in Tajikistan.

Thu, 07 Jul 2022 12:30:08 GMT

Tesla increases production in China

CPCA has announced that in accordance with its estimates Tesla produced 78,000 vehicles in China in June, which, compared to May, is an increase of 142%.

Thu, 07 Jul 2022 10:30:06 GMT

Frankfurt Airport comments on staff

This week, Frankfurt Airport operator Fraport revealed that the firm expects staff shortages to continue to disrupt operations during the upcoming months.

Thu, 07 Jul 2022 08:30:07 GMT

German industry recovers

Data for May has revealed that industrial orders in Germany have recovered and reversed a previous downward trend.

Thu, 07 Jul 2022 06:30:07 GMT

Norway restores oil and gas production

On Wednesday, Equinor announced that all the strike affected oil and gas fields would be at full production back in a few of days.

Wed, 06 Jul 2022 14:30:07 GMT

Airbus cancels deal with Qatar

This week, Airbus announced that the company would revoke its contract for a fourth order of A350 airplane delivery to Qatar Airways.

Wed, 06 Jul 2022 12:30:06 GMT

China invests in infrastructure

Reuters revealed this week that the Chinese government intends to invest additional $75 billion in infrastructure in an effort to revive the economy.

Wed, 06 Jul 2022 10:30:05 GMT

SAS files for bankruptcy

On Tuesday, the Scandinavian airline SAS filed for bankruptcy protection in the United States, as a pilot strike appeared to have collapsed the company.

Wed, 06 Jul 2022 08:30:06 GMT

Norwegian gas and oil output declines

Due to an ongoing strike, by Saturday Norway's oil and gas output could decline respectively 15 % and 25%.

Wed, 06 Jul 2022 06:30:08 GMT

Foxconn raises forecast

The largest contract producer of electronics Foxconn announced this week that it is increasing its 2022 business outlook, as server and smartphone sales have remained strong.

Tue, 05 Jul 2022 14:30:07 GMT

EasyJey COO resigns

On Monday, the Chief Operating Officer of EasyJet Peter Bellew resigned, as the company had recently cancelled thousands of summer season flights due to staff shortages.

Tue, 05 Jul 2022 12:30:05 GMT

Euro Zone investor morale drops

Sentix revealed this week that its investor morale index had dropped from -15.8 down to -26.4, during June.

Tue, 05 Jul 2022 10:30:05 GMT

SAS comments on strikes

On Monday, the airline SAS announced that the survival of the company would be at stake, if pilots continue to strike.

Tue, 05 Jul 2022 09:05:09 GMT

EUR/USD reaches record low level

At 09:00 GMT, the EUR/USD currency exchange rate plummeted and hit the 1.0300 mark, extending a two hour decline. The rate had not traded near this level since 2002.

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