News

Note: This section contains information in English only.
Fri, 28 Aug 2020 04:31:05 GMT

United Airlines cuts jobs

The United Airlines announced on Thursday that it would cut 2,850 pilot jobs, if the US government does not provide aid.

Fri, 28 Aug 2020 03:31:08 GMT

Amazon launches fitness band

On Thursday, Amazon announced that it would launch a new fitness band that would compete with Apple's Fitbit.

Thu, 27 Aug 2020 20:45:20 GMT

Stocks surge on Thursday

During Thursday's US trading hours, stock indices surged, as the Federal Reserve outlined a new inflation strategy.

Thu, 27 Aug 2020 19:42:44 GMT

GoPro rolls out live streaming service

GoPro, the action camera maker, announced to its premium subscribers they can now launch live streaming of their rides, swims and treks directly on to the GoPro website.

Thu, 27 Aug 2020 18:43:12 GMT

Coty's results disappoint investors

On Thursday, the beauty products maker Coty reported a larger-than-anticipated quarterly loss, as well as a 56% drop in its sales due to its store and parlour closures during the pandemic.

Thu, 27 Aug 2020 17:42:12 GMT

Abercrombie unveils surprise profit results

Abercrombie & Fitch posted a better-than-expected quarterly profit of $5.5M, after cutting its costs and benefiting from the online orders surge during the pandemic, sending the firm's shares up 9%.

Thu, 27 Aug 2020 16:41:15 GMT

Walmart ties up with Microsoft on TikTok

Walmart has collaborated with Microsoft in the softmaker developer's bid to acquire the Bytedance-owned short video app TikTok, according to a CNBC report seen on Thursday.

Thu, 27 Aug 2020 16:09:12 GMT

Xpeng Motors IPO accumulates $1.5B

As the investors are showing high interest in the electric car companies, the Chinese electric vehicle manufacturer Xpeng Motors raised $1.5B from its New York IPO, surpassing the expectations.

Thu, 27 Aug 2020 15:36:55 GMT

World Bank delays country business report

On Thursday, the World Bank announced that the publication of the Doing Business report will be delayed due to data collection inconsistencies.

Thu, 27 Aug 2020 14:25:50 GMT

Veoneer to team up with Qualcomm

Veoneer is planning to tie up with Qualcomm Technologies on developing the driver assistance systems' software, the auto tech company announced on Thursday, sending shares up as much as 15.4% to $12.71.

Thu, 27 Aug 2020 13:22:31 GMT

Tiffany tops quarterly profit forecasts

On Thursday, Tiffany posted a bigger-than-anticipated quarterly profit of $31.9M, signalling a boost in its sales amid a recovery in the online and China demand.

Thu, 27 Aug 2020 11:52:19 GMT

China suspends Didi's ride-hailing service

Chinese local city regulators have suspended Didi Chuxing's new ride-hailing service due to lack of the operating licenses necessary for the platform, according to Reuters.

Thu, 27 Aug 2020 10:51:55 GMT

Bouygues to swap 3K Huawei-made antennas

Bouygues is set to remove 3K of France's mobile antennas made by Huawei by 2028 after the country's authorities made a decision to swap all the equipment developed by the Chinese giant from its highly populated areas.

Thu, 27 Aug 2020 09:41:23 GMT

European stocks decline

During Thursday's European trading hours, European stock indices declined, as an upcoming speech of the Federal Reserve chairman Jerome Powell was expected to strengthen currencies.

Thu, 27 Aug 2020 09:25:28 GMT

Alibaba considers lifting stake in YTO Express

Alibaba has entered talks with the Chinese courier group YTO Express's founders over hiking its stake in the company, intending to become its main shareholder, in a move to accelerate consolidation in China's express delivery market.

Thu, 27 Aug 2020 07:52:11 GMT

Honda launches first all-battery car

Japan's Honda Motor has launched its first small fully electric car "Honda e" in Europe earlier this month; a compact model deemed for city driving costs at the price of €33K, the carmaker announced.

Thu, 27 Aug 2020 07:05:14 GMT

Kevin Mayer leaves as TikTok head

On Wednesday, the CEO of TikTok Kevin Mayer has left the US short video app after taking over his role on June 1, and will be replaced by Vanessa Pappas, the US General Manager, on an interim basis.

Thu, 27 Aug 2020 06:27:42 GMT

Netflix, Roku shares rise on analyst reports

On Wednesday, Netflix and Roku Inc shares surged over 11% both on upbeat analysts reports, with Citi initiated Roku's coverage with the "buy" rating, as both streaming services benefited as a result of the pandemic.

Thu, 27 Aug 2020 04:44:34 GMT

Xpeng increases IPO size to $1.5B

China's EV maker Xpeng increased the size of its US initial public offering to nearly $1.49B, two sources stated.

Thu, 27 Aug 2020 04:24:51 GMT

The Hut Group to launch London IPO

The UK e-commerce company The Hut Group is set to launch an IPO this week in a transaction that would value the firm at up to £4.5B, two sources stated.

Thu, 27 Aug 2020 04:14:16 GMT

Xandr, WarnerMediar to allow political ads

WarnerMedia and Xandr are set to allow political advertisers to purchase digital advertisements on its media platforms for the first time, as the US presidential election nears.

Wed, 26 Aug 2020 21:14:43 GMT

Xiaomi revenue up 3.1%

Xiaomi Corp's revenue grew 3.1%, while sales increased to $7.77B in the quarter ending June 30, beating analysts' expectations, amid high premium phone sales.

Wed, 26 Aug 2020 20:47:52 GMT

German export expectations decline

Export expectations in the German manufacturing sector declined in August, a statement published by the Ifo Institute for Economic Research shows.

Wed, 26 Aug 2020 18:52:33 GMT

Lebanon inflation reaches 112.39%

The inflation rate in Lebanon reached 112.39% in July, compared to the same period the previous year, data published by the National News Agency show.

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