News

Note: This section contains information in English only.
Wed, 19 Aug 2020 18:19:28 GMT

Amazon expands into UK

Amazon revealed on Wednesday that the company had increased its expansion into UK grocery market by making a deal with Morrisons.

Wed, 19 Aug 2020 16:41:02 GMT

Marriott faces lawsuit

Reuters reported on Wednesday that Marriott International would face a data breach lawsuit in London against a group of hotel guests.

Wed, 19 Aug 2020 15:44:05 GMT

Germany comments on vaccinations

The German vaccines regulator announced on Wednesday that Germany could start coronavirus vaccination in early 2021.

Wed, 19 Aug 2020 14:41:17 GMT

USO receives Wells notice

The US Securities and Exchange Commission revealed on Wednesday that it had sent the Unites States Oil Fund a Wells notice.

Wed, 19 Aug 2020 13:47:28 GMT

PizzaExpress closes down restaurants

On Wednesday, PizzaExpress announced that it would close down 73 outlets in the United Kingdom, as the company cannot handle rental costs.

Wed, 19 Aug 2020 12:44:54 GMT

Target sales hit record

On Wednesday, Target Corp reported the company's best quarterly sales increase and a tripled online revenue.

Wed, 19 Aug 2020 11:41:26 GMT

Wall Street surges

On Wednesday, Wall Street stock indices were pushed higher by better than expected earnings from Lowe's and Target.

Wed, 19 Aug 2020 10:44:12 GMT

European shares weaken

On Wednesday, European stock indices declined. The stock drop was attributed to the ongoing growth in coronavirus cases.

Wed, 19 Aug 2020 09:45:55 GMT

Crude oil prices decline

During Wednesday's European trading hours, crude oil price benchmarks declined, as the markets expected a decline in US oil demand.

Wed, 19 Aug 2020 09:08:21 GMT

USPS suspends service cuts

On Tuesday, Louis DeJoy, the US Postmaster General, suspended all postal service changes till after the US general election.

Wed, 19 Aug 2020 08:04:16 GMT

Asian shares hit seven-month highs

On Wednesday, Asian stocks surged to a 7-month high, MSCI's index gained 0.30%, Japan's Nikkei nudged higher, while the Australian benchmark index rose by 0.80%.

Wed, 19 Aug 2020 07:01:34 GMT

US weighs more sanctions on Venezuela

The Bloomberg News reported on Tuesday that the US is considering further sanctions on Venezuela to halt fuel transactions.

Wed, 19 Aug 2020 05:59:42 GMT

SpaceX raises $1.9B in new funding

According to people familiar with the matter, Elon Musk's private rocket company SpaceX raised $1.9B in new funding.

Wed, 19 Aug 2020 05:01:48 GMT

Japan's exports decline in July

The Japanese government data showed on Wednesday that Japan's exports fell by 19.2% in July.

Wed, 19 Aug 2020 04:05:39 GMT

Home Depot reports record sales

On Tuesday, Home Depot's sales soared by 23.4% to a record $38.05 billion in the quarter ended August 2, as demand for DIY products surged.

Wed, 19 Aug 2020 03:06:45 GMT

US homebuilding accelerates in July

The US Commerce Department announced on Tuesday that the US housing sector accelerated by 22.6% in July, the biggest increase since October 2016.

Wed, 19 Aug 2020 02:03:35 GMT

S&P Global downgrades Accor to junk

On Tuesday, S&P Global has downgraded Accor's credit rating to BB+ from BBB- and left it with a negative forecast.

Tue, 18 Aug 2020 19:41:39 GMT

Marks & Spencer cuts jobs

The British retailer Marks & Spencer announced on Tuesday that it would cut additional 7,000 jobs.

Tue, 18 Aug 2020 18:49:02 GMT

Bank of America publishes survey

The Bank of America published on Tuesday survey results, which revealed that 46% of investors are bullish, compared to 40% a month prior.

Tue, 18 Aug 2020 17:53:17 GMT

Home Depot beats earnings forecast

On Tuesday, Home Depot announced higher than forecast quarterly earnings, as consumers did more housework during the ongoing pandemic.

Tue, 18 Aug 2020 16:42:44 GMT

S&P warns about real rates

The rating agency S&P Global announced on Tuesday that Chinese economic recovery is at risk from rising real interest rates.

Tue, 18 Aug 2020 15:41:10 GMT

Electrolux COO steps down

On Tuesday, Electrolux revealed that the company's COO Jan Brockmann had decided to leave the company.

Tue, 18 Aug 2020 14:52:55 GMT

US sanctions hurt Huawei supply

It was revealed by Reuters on Tuesday that the new US sanctions are likely to cut off Huawei from even off-the-shelf chips.

Tue, 18 Aug 2020 13:46:38 GMT

Norwegian fund loses billions

On Tuesday, the Norwegian sovereign wealth fund announced a loss of $21.27 billion during the first half of 2020.

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