News

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Tue, 28 Jul 2020 17:23:58 GMT

Apple's CEO faces App Store criticism

On Wednesday, the US lawmakers will question Apple Inc's CEO Tim Cook regarding the possibly unfair company's practices on the App Store.

Tue, 28 Jul 2020 15:44:04 GMT

Ctrip considers delisting from Nasdaq

China's Ctrip was in talks with investors over financing its delisting from Nasdaq due to rising US-China tensions and the coronavirus-driven hit to business.

Tue, 28 Jul 2020 14:43:08 GMT

Spain's Endesa reports 45% profit jump

Spain's utility Endesa SA reported a 45% increase in H1 net profit to €1.13B amid cost savings after getting a collective-bargaining deal with staff.

Tue, 28 Jul 2020 14:06:32 GMT

Lucid Motors to offer semi-automated sedan in 2021

Tesla's rival Lucid Motors is building a new Air luxury EV equipped with a semi-automated assistance system, seeking to launch it in early 2021, the carmaker stated on Tuesday.

Tue, 28 Jul 2020 13:35:04 GMT

McDonald's posts drop in global sales

McDonald's reported on Tuesday its global same-store sales dropped more than expected, while its profit also missed the forecasts due to restaurant shutdowns triggered by the coronavirus pandemic.

Tue, 28 Jul 2020 12:25:26 GMT

Pfizer lifts 2020 forecast on profit results

On Tuesday, Pfizer Inc topped analysts' forecasts for its Q2 profit and raised its annual outlook, on rising demand for the company's blood thinner Eliquis and cancer drug Ibrance.

Tue, 28 Jul 2020 11:03:59 GMT

3M revenue drops 12% on lower demand

On Tuesday, the industrial conglomerate 3M posted a 12% fall in its quarterly revenue as the coronavirus crisis hammered demand for the company's products.

Tue, 28 Jul 2020 09:41:43 GMT

German car sector recovers

On Tuesday, the Ifo institute announced that, as German exports have been recovering, car production has benefited the most.

Tue, 28 Jul 2020 08:47:35 GMT

British Airways face strike

During Tuesday's GMT trading hours, it was revealed by BBC that the British Airways face strike threats due to job cuts.

Tue, 28 Jul 2020 08:30:09 GMT

ECB extends dividend ban

On Tuesday, the European Central Bank extended its recommendation to banks not to pay out dividends.

Tue, 28 Jul 2020 04:40:40 GMT

Gold hits record high

On Monday, gold prices reached record high levels, as the price per ounce beat the previous historical high level of 1,912.40.

Tue, 28 Jul 2020 04:30:54 GMT

US consumers receive VW pay-out

It was revealed on Monday that US consumers would receive a total of $9.8 billion in Volkswagen diesel scandal settlements.

Tue, 28 Jul 2020 03:31:11 GMT

Wall Street rises on Monday

On Monday, US stock indices rose, as the US Dollar declined due to expected US stimulus efforts.

Mon, 27 Jul 2020 20:57:00 GMT

Crude oil prices rise

During Monday's US trading hours, crude oil prices rose, as a pick-up in oil demand was expected due to stimulus measures.

Mon, 27 Jul 2020 19:59:20 GMT

Volkswagen settled $9.8B with US consumers

On Monday, the Federal Trade Commission announced that Volkswagen AG paid more than $9.8B to the owners of the defected vehicles, following the 2015 emissions scandal.

Mon, 27 Jul 2020 19:23:17 GMT

US stocks upbeat on stimulus expectations

The stock market stepped up on Monday on anticipations of the upcoming government stimulus packages, despite the surge in COVID-19 cases and the US-China strains.

Mon, 27 Jul 2020 18:01:54 GMT

Deutsche Bank to cease coal mining till 2025

On Monday, Deutsche Bank AG declared that it will terminate their undertakings linked to coal mining by 2025 due to the environmental solicitudes.

Mon, 27 Jul 2020 17:27:50 GMT

Facebook takes legal action against EU

The US social media conglomerate Facebook Inc has pressed charges against the EU for breaching the privacy of the company's employees during the antitrust regulator investigation.

Mon, 27 Jul 2020 16:01:16 GMT

France's jobless total falls in June

The number of unemployed persons in France fell 204.7K in June, the largest monthly decline on record, as some job seekers found part-time employment.

Mon, 27 Jul 2020 14:47:11 GMT

Under Armour gets Wells Notice

Under Armour disclosed that its top executives received a Wells Notice from the US SEC related to an investigation over the sportswear maker's accounting practices.

Mon, 27 Jul 2020 13:53:01 GMT

Albertsons' same-store sales jump 26.5%

The US grocer Albertsons reported on Monday a 26.5% surge in the same-store sales in the Q1, boosted by higher demand for its grocery home deliveries during the coronavirus lockdown.

Mon, 27 Jul 2020 13:29:50 GMT

Restaurant chains view sales rebound

Starbucks, McDonald's, Yum Brands and other large restaurant chains are expected to show sales rebound this month, based on early reports from competitors that improved despite their restaurants were closed for months.

Mon, 27 Jul 2020 12:28:06 GMT

Carrefour launches Uber Eats service in France, Belgium

On Monday, Carrefour, the French supermarket retailer, stated it was expanding their home delivery partnership with Uber Eats to more French cities as well as to Belgium.

Mon, 27 Jul 2020 11:32:44 GMT

BMW to launch fully electric 5-series cars

BMW is set to offer fully electric 5-series vehicles as part of the German carmaker's intention to lower car emissions on the road as well as during production.

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