News

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Sat, 21 Mar 2020 13:48:49 GMT

Ireland to cover up to 75% of wages

Ireland's government was considering a plan to pay up to 75% of the wages of temporarily laid off staff due the COVID-19 outbreak.

Sat, 21 Mar 2020 13:30:47 GMT

VW to temporary close factories

The German car producer Volkswagen stated on Saturday that it would close its factories for two and in some places for three weeks amid the coronavirus pandemia.

Sat, 21 Mar 2020 12:34:37 GMT

Rubbens distillery to produce disinfectant

The Rubbens distillery located in Belgium stated on Saturday that it would temporary stop producing gin and start making a disinfectant liquid.

Sat, 21 Mar 2020 11:15:06 GMT

South Korea suggests to close facilities

The Prime Minister of South Korea Chung Sye-kyun stongly advised on Saturday to temporary close public facilities and observe social distancing.

Sat, 21 Mar 2020 10:26:06 GMT

Panasonic stops production in Nevada

Panasonic Corp stated on Saturday that it has temporary stopped production of batteries at factory in Nevada due to the coronavirus outbreak.

Sat, 21 Mar 2020 08:53:14 GMT

Currency swap spreads narrow

Forex swap spreads, which increased, as banks and companies grappled for US Dollar funding, tightened on Friday after central banks around the world agreed to take coordinated action.

Sat, 21 Mar 2020 08:07:41 GMT

US home sales jump to 13-year high in February

According to a report from the National Association of Realtors on Friday, existing US home sales, which make up about 90% of home sales in the United States, jumped to a 13-year high in February.

Sat, 21 Mar 2020 07:07:02 GMT

Britain's Central Bank to buy $16.6B of government bonds

The Bank of England plans to purchase $16.6B of gilt-edged securities next week, as Britain's Central Bank attempts to limit the economic impact of the coronavirus outbreak.

Sat, 21 Mar 2020 05:56:00 GMT

France's EDF introduces stricter hygiene procedures

According to the union and industrial sources, France's oldest Electricite de France EDF has tightened hygiene procedures at the nuclear power plants over the coronavirus concerns.

Sat, 21 Mar 2020 05:18:15 GMT

Uber halts taxi service in Saudi Arabia

On Friday, Uber's spokesperson said that the company has suspended its taxi service in Saudi Arabia until further notice due to new measures announced by the Saudi Arabian Ministry of Interior.

Sat, 21 Mar 2020 04:09:53 GMT

Lyft tells drivers to sign up for "LyftUp Driver Task Force"

On Friday, Lyft Inc asked drivers to sign up for LyftUp Driver Task Force, as traffic for ride-hailing service has plummeted due to the coronavirus outbreak in the United States.

Sat, 21 Mar 2020 03:12:05 GMT

Airbus in regular discussions with European governments

On Friday, an Airbus spokesperson announced that the European planemaker is in regular discussions with the EU governments.

Fri, 20 Mar 2020 20:45:28 GMT

Existing US home sales surge to 13-year high in February

According to a report from the National Association of Realtors on Friday, existing US home sales, which make up about 90% of home sales in the United States, jumped to a 13-year high in February.

Fri, 20 Mar 2020 19:50:06 GMT

BoE plans to buy $16.6 billion of government bonds

The Bank of England plans to purchase $16.6 billion of gilts next week, as the UK Central Bank attempts to limit the economic impact of the coronavirus pandemic.

Fri, 20 Mar 2020 19:00:09 GMT

French utility EDF introduces stricter hygiene procedures

According to the union and industrial sources, France's oldest Electricite de France EDF has tightened hygiene procedures at the nuclear power plants over the coronavirus concerns.

Fri, 20 Mar 2020 18:01:52 GMT

BoA adds 1,7K support staff this month

On Friday, Bank of America reported it had added 1,7K new staff in consumer bank in March 2020 on surging demand for customer service amid the coronavirus concerns.

Fri, 20 Mar 2020 16:47:42 GMT

Apple to limit online iPhone orders

Apple Inc is reducing the number of the online iPhone purchases in China, the United States and some other countries to two handsets per one person amid the global spread of coronavirus.

Fri, 20 Mar 2020 15:44:25 GMT

British Airways pilots face unpaid leave, pay cuts

British Airways pilots are facing unpaid leave in April and May and pay deductions over three months, as the coronavirus outbreak hit the travel and other industries hard, Reuters reported.

Fri, 20 Mar 2020 14:47:36 GMT

Inditex likely to temporarily lay off 25K in Spain

Inditex is considering 25K temporary layoffs in Spain in case the state of emergency is extended after April 15, the clothing group announced on Friday, marking the worsening economic damage caused by the coronavirus outbreak.

Fri, 20 Mar 2020 14:27:40 GMT

Apple to limit online iPhone orders to two per person

Apple Inc is reducing the number of online iPhone purchases in the US, China and some other countries to two handsets per one person amid the global spread of coronavirus.

Fri, 20 Mar 2020 13:26:14 GMT

Deutsche Bank says virus likely to impact targets

On Friday, Deutsche Bank stated that the coronavirus impact could affect the bank's ability to achieve its financial targets amid a major revamp that the fragile lender was undergoing after a years-long period of losses.

Fri, 20 Mar 2020 11:46:50 GMT

AB Volvo to temporarily lay off 20K Swedish staff

The truckmaker AB Volvo announced on Friday its plans to temporarily lay off 20K of its Swedish staff from the next week as the company plans to shut down its production system in Sweden.

Fri, 20 Mar 2020 10:48:23 GMT

Yuanfudao nears new fundraising at $7.5B valuation

Yuanfudao, the Tencent-backed online education platform, is nearing to finalise a new round of fundraising at around $7.5B valuation, Reuters reported on Friday.

Fri, 20 Mar 2020 09:47:13 GMT

UK's M&S sees major impact from coronavirus

On Friday, Britain's Marks & Spencer warned about the severe impact from the coronavirus outbreak, sending the retailer's shares down 5.3%, taking its losses for this year so far to 49%.

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