News

Note: This section contains information in English only.
Thu, 10 Sep 2020 13:43:49 GMT

Reliance offers Amazon $20 billion stake

On Thursday, Bloomberg reported that Reliance Industries of India offered Amazon a $20 billion stake in the company's retail unit.

Thu, 10 Sep 2020 12:50:23 GMT

China buys electric vehicles

It was revealed on Thursday that in August new energy vehicle sales had surged in China by 26% on a year to year basis.

Thu, 10 Sep 2020 12:42:30 GMT

Oil prices decline

During Thursday's European trading hours, crude oil price benchmarks declined. However, the prices remained above the 40$ per barrel level.

Thu, 10 Sep 2020 11:41:15 GMT

BA owner raises capital

On Thursday, the owner of British Airways IAG started a discounted rights issue that would raise $3.2 billion to help the company's finances.

Thu, 10 Sep 2020 10:46:19 GMT

Huawei announces operating system

On Thursday, Huawei revealed that it would launch a new Harmony OS next year, which would rival Google Android.

Thu, 10 Sep 2020 09:43:42 GMT

Euro surges on Thursday

During Thursday's European trading hours, the EUR currency surged, as markets expected the upcoming ECB meeting to strengthen the currency.

Thu, 10 Sep 2020 08:50:51 GMT

EU urges FB, Twitter, and Google to curb fake news

On Thursday, the European commission urged Twitter, Alphabet's Google and Facebook to do more to fight against fake news.

Thu, 10 Sep 2020 07:43:34 GMT

Yum China shares decline 6.3%

On Thursday, Yum China shares hit a low of HK$386.2 ($50.35) in their Hong Kong debut amid global equities uncertainty.

Thu, 10 Sep 2020 06:44:14 GMT

Mexico could prolong relaxed banking credit rules

Mexico's Undersecretary of Finance and Public Credit Gabriel Yorio announced on Wednesday that Mexico is planning to extend the relaxed banking credit laws.

Thu, 10 Sep 2020 05:57:33 GMT

Australian AMP hires Symmetra

AMP Ltd, Australia's biggest retail wealth manager, announced on Thursday that it had hired Symmetra consultancy to review workplace behaviour.

Thu, 10 Sep 2020 04:43:10 GMT

EC urges to tackle disinformation

The European Commission urged Google, Facebook and Twitter to be more effective in tackling disinformation according to self-regulatory codes.

Thu, 10 Sep 2020 04:19:43 GMT

Tiffany sues LVMH for reneging on acquisition

Tiffany & Co sued LVMH after it told the US jeweller that it could not complete a $16B deal to acquire it due to a French government request and the COVID-19 impact.

Thu, 10 Sep 2020 03:37:29 GMT

American Eagle's revenue down 15%

American Eagle Outfitters reported a smaller-than-anticipated quarterly revenue decline of 15% to $883.5M, compared with $847.8M forecast, owing to higher sales of loungewear.

Wed, 09 Sep 2020 21:29:05 GMT

UPS to hire 100K seasonal workers

UPS is set to hire more than 100K workers for the season of winter holidays, which retailers are stretching out to avoid overwhelming a delivery network already.

Wed, 09 Sep 2020 19:41:41 GMT

Amazon opens new centres

On Wednesday, Amazon announced that the company would open new fulfilment centres in Ontario, Canada.

Wed, 09 Sep 2020 19:41:33 GMT

Ryanair slashes target

Ryanair announced on Wednesday that the company would cut its 2020 passenger target by additional ten million.

Wed, 09 Sep 2020 17:54:11 GMT

Renault evaluates cost cutting

On Wednesday, a leaked internal memo of the Renault Chief Executive Officer of Luca de Melo revealed that the company is considering additional cost cutting.

Wed, 09 Sep 2020 16:44:53 GMT

Lloyds cuts jobs

The British banking group Lloyds Banking Group announced on Wednesday that it would cut additional 865 jobs.

Wed, 09 Sep 2020 16:22:00 GMT

E-commerce looks for electronic vehicles

On Wednesday, Reuters revealed that a number of e-commerce delivery companies are looking to acquire fleets of electric delivery vans.

Wed, 09 Sep 2020 14:44:31 GMT

LVMH drops Tiffany takeover

The French luxury giant LVMH revealed on Wednesday that it would drop its plans to take over Tiffany.

Wed, 09 Sep 2020 13:47:28 GMT

AstraZeneca pauses coronavirus tests

On Wednesday, AstraZeneca stock price plunged, as the company announced a pause of its coronavirus vaccine testing.

Wed, 09 Sep 2020 12:55:25 GMT

Poland calls for halt of Nord Stream 2

As natural gas prices plummeted on Wednesday, Poland called for a halt of the Nord Stream 2 gas pipeline project.

Wed, 09 Sep 2020 11:41:10 GMT

UK sets out post-Brexit rules

The government of the United Kingdom announced on Wednesday that it would soon reveal additional details for its post-Brexit plan.

Wed, 09 Sep 2020 10:44:00 GMT

Samsung stops supplying Huawei

On Wednesday, Samsung announced that it would stop supplying Huawei with displays due to US restrictions.

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