News

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Mon, 27 Apr 2020 11:27:09 GMT

Air France-KLM, Lufthansa shares rise on Monday

On Monday, shares in Lufthansa and Air France-KLM rose as much as 7% and 3.5% respectively on hopes that the government bailouts would help them get through the COVID-19 crisis.

Mon, 27 Apr 2020 10:34:04 GMT

Cevian Capital cuts its stake in Ericsson

Activist fund Cevian Capital has cut its stale in Swedish telecom equipment maker Ericsson to 7.4%, saying that holding of Cevian's portfolio became too large.

Mon, 27 Apr 2020 09:02:32 GMT

Adidas posts 93% drop in Q1 profit plunge

Adidas reported on Monday its profit tumbled 93% in the Q1, while sales plunged 19%, missing analysts' forecasts, as well as warned of significant hit to the company's revenue, sending the German sportswear maker's shares down 1.2%.

Mon, 27 Apr 2020 07:56:49 GMT

Asian shares soar on BOJ buying more bonds

On Monday, Asia's shares bounced after the Bank of Japan had announced more stimulus actions, seeking to ease the economic impact from the coronavirus crisis.

Mon, 27 Apr 2020 07:30:48 GMT

VW revives EU biggest car factory

The world's top carmaker Volkswagen announced on Monday it had resumed operations at its largest factory located in the German city of Wolfsburg, following weeks of shutdown due to the coronavirus outbreak.

Mon, 27 Apr 2020 06:39:03 GMT

Starbucks ties up with Sequoia Capital China

On Monday, Starbucks stated it had entered strategic partnership with the investment company Sequoia Capital China, as both firms seek making strategic co-investments in the Chinese technology sector.

Mon, 27 Apr 2020 05:02:46 GMT

US companies not to seek state aid

According to the National Association for Business Economics survey, most of the US businesses would be able to stay solvent for half a year without state aid.

Mon, 27 Apr 2020 04:30:27 GMT

BoJ increases monetary stimulus

The Bank of Japan (BoJ) increased on Monday monetary stimulus to support government spending and help corporate funding.

Mon, 27 Apr 2020 02:53:08 GMT

Daimler sees increase in demand in China

The German automaker Daimler AG saw a significant increase in demand in China. The company's senior manager said on Sunday.

Mon, 27 Apr 2020 01:48:51 GMT

Italy to allow some businesses to reopen

Giuseppe Conte, the Italian Prime Minister, announced on Sunday that some businesses in Italy would reopen on May 4.

Sun, 26 Apr 2020 18:34:05 GMT

VW and others resume production

Volkswagen and other European car makers decided to resume car production starting from Monday amid the ease of quarantine measures in some European countries.

Sun, 26 Apr 2020 16:55:32 GMT

Insurers pay out losses

Reuters revealed on Sunday that US insurance industry is bound to pay out up to $22 billion USD in business disruptions claims.

Sun, 26 Apr 2020 16:20:54 GMT

Israeli firms raise capital

On Sunday, Israel's Corsight AI revealed that it has raised $5 million for the development of facial recognition software.

Sun, 26 Apr 2020 14:45:26 GMT

French PM reveals new plan

It was revealed on Sunday by Reuters that the Prime Minister of France would reveal a lockdown ending plan on Tuesday.

Sun, 26 Apr 2020 14:04:05 GMT

Italy announces business reopening

On Sunday, the Italian Prime Minister Giuseppe Conte stated to a newspaper that business in Italy would reopen on May 4.

Sun, 26 Apr 2020 12:46:46 GMT

Tesla calls back workers

Bloomberg News revealed on Sunday that Tesla has called some of its workers in California back to work.

Sun, 26 Apr 2020 11:44:00 GMT

Daimler comments on China

On Sunday, Daimler Benz revealed that its car sales in China have increased in April, compared to March.

Sun, 26 Apr 2020 10:52:01 GMT

Pemex asks for pay cuts

On Sunday, Reuters revealed that Petroleos Mexicanos is requesting its staff to take a 25% pay cut.

Sun, 26 Apr 2020 10:22:17 GMT

MUFG plans job cuts

It was revealed on Sunday by Yomiuri that the Mitsubishi UFJ Financial Group would cut its staff by a total of eight thousand by 2023.

Sun, 26 Apr 2020 08:42:31 GMT

Elbit Systems reveals contract

On Sunday, the Israeli defence firm Elbit Systems revealed that it had received a $103 million electronic warfare contract from an unnamed Asian country.

Sun, 26 Apr 2020 07:42:31 GMT

US airlines receive aid

The US Treasury announced on Saturday that it would provide additional $9.5 in aid to US airlines.

Sun, 26 Apr 2020 07:30:39 GMT

Boeing cancels Embraer deal

On Saturday, Boeing announced that the Brazilian airplane maker Embraer has not met the requirements for Boeing to buy a stake of its business.

Sun, 26 Apr 2020 05:41:04 GMT

Deutsche Bank refuses to give info on Trump

On Saturday, it was revealed that Deutsche Bank has refused to give US Senators information about deals made by Donald Trump.

Sun, 26 Apr 2020 05:31:14 GMT

Trump warns US Postal Service

The President of the United States announced on Friday that he could cut aid for US Postal Service due to no raising prices for Amazon.com.

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