News

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Tue, 10 Nov 2020 08:20:29 GMT

Adidas sees sales returning to growth

Adidas, the German sportswear giant, is expecting its China sales returning to growth in the Q4, forecasting a similar sales decline level overall as the firm had reported in the Q3.

Tue, 10 Nov 2020 07:30:13 GMT

Norwegian Air fears of running out of cash

Norwegian Air warned of running out of cash at the beginning of 2021 unless the carrier secures fresh funding, as the company had been hit hard due to pandemic.

Tue, 10 Nov 2020 05:40:45 GMT

General Motors hires works

General Motors announced on Monday that the company would hire additional 3,000 employees in design, IT and engineering divisions.

Tue, 10 Nov 2020 05:30:43 GMT

Brazil negotiates with Pfizer

On Monday, Brazilian authorities revealed that they are in talks with Pfizer about acquiring the coronavirus vaccine for the country's national vaccination program.

Tue, 10 Nov 2020 03:40:02 GMT

US official comments on new vaccine

The US Health and Human Services Secretary Alex Azar stated on Monday that the new Pfizer vaccine still has to receive official approval.

Mon, 09 Nov 2020 21:54:06 GMT

Investors bet on vaccine

On Monday, Reuters published a report, which revealed that due to the announced coronavirus vaccine investors have started buying back stocks.

Mon, 09 Nov 2020 21:05:13 GMT

Crude oil prices surge

During Monday's trading hours, crude oil prices surged, as the markets expected a recovery in demand due to the Pfizer coronavirus vaccine.

Mon, 09 Nov 2020 19:43:19 GMT

Zoom improves security

Zoom Video Communications announced on Monday that it would improve its security to settle with the US Federal Trade Commission.

Mon, 09 Nov 2020 18:46:10 GMT

EU tariffs United States

On Monday, the European Union announced tariffs on US imports that were valued at $4 billion.

Mon, 09 Nov 2020 17:44:21 GMT

Stocks reach record high

At the start of Monday's US trading hours, stock indices reached a record high level. The event was attributed to the risk on sentiment caused by the Pfizer vaccine announcement.

Mon, 09 Nov 2020 16:47:38 GMT

UK Judge blocks BHP lawsuit

A 200,000 claimant $6.6 billion lawsuit against the mining giant BHP has been stopped by a High Court Judge of Manchester.

Mon, 09 Nov 2020 16:08:13 GMT

EU signs deal with Pfizer

On Monday, the European Union announced that it would soon order millions of doses of the Covid-19 vaccine from Pfizer.

Mon, 09 Nov 2020 14:54:25 GMT

Nuro attracts $500M on higher demand

Nuro, the self-driving delivery company, announced on Monday it had raised $500M as the coronavirus pandemic considerably boosts the e-commerce.

Mon, 09 Nov 2020 14:27:48 GMT

McDonald's tops profit forecasts

On Monday, McDonald's topped Q3 profit and revenue estimates, boosted by higher customer demand for its drive-thru outlets and delivery apps in the United States during the coronavirus pandemic.

Mon, 09 Nov 2020 13:37:01 GMT

Samsung plans early flagship phone launch

Samsung Electronics is considering to launch Galaxy S smartphones much earlier than initially planned, seeking to grab a market share from its rival Huawei as well as fend off Apple's competition.

Mon, 09 Nov 2020 12:27:54 GMT

S&P 500 futures hit record on Pfizer news

On Monday, S&P 500 futures hit their record high, following Pfizer's announcement that its COVID-19 experimental vaccine is over 90% effective, according to the large study's initial data.

Mon, 09 Nov 2020 10:42:29 GMT

UK comments on EU trade deal

On Monday, UK officials stated that they were open for a compromise on fishing in the trade deal with the EU.

Mon, 09 Nov 2020 10:03:43 GMT

Infineon sees strong sales rebound

The German chipmaker Infineon is expecting its revenue to grow by about 23% in the following year after reporting its fiscal Q4 results in line with estimates.

Mon, 09 Nov 2020 09:36:42 GMT

SoftBank posts $1.3B loss

On Monday, Japan's SoftBank Group reported a $1.27B loss from technology stocks speculation following its attempt to diversify by using the company's massive cash pile backfired.

Mon, 09 Nov 2020 07:55:22 GMT

Mazda posts Q2 loss

Mazda Motor reported a $73.4M operating loss in its Q2, after the carmaker benefited from a sales rebound in North America, its largest market.

Mon, 09 Nov 2020 07:37:18 GMT

Norway refuses to give support to Norwegian Air

Norway's government has refused to provide additional financial aid to the Norwegian Air carrier, which had been hurt by the COVID-19 pandemic, Reuters reported on Monday.

Mon, 09 Nov 2020 05:59:12 GMT

UK provides support to struggling families

The UK government will offer extra support to struggling families, UK's Work and Pensions Secretary Theresa Coffey said in a statement on Sunday.

Mon, 09 Nov 2020 05:04:02 GMT

Johnson comments on US ties

The British Prime Minister Boris Johnson stated on Sunday that the United States is UK's most important and closest ally.

Mon, 09 Nov 2020 04:00:32 GMT

Lebanon's FPM leader rejects US sanctions

On Sunday, the leader of Lebanon's Free Patriotic Movement Gebran Bassil said that the US sanctions against him were politically motivated.

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