News

Note: This section contains information in English only.
Wed, 27 May 2020 05:01:48 GMT

Renault and Nissan suspend merger plans

According to sources with knowledge of the matter, the Japanese company Nissan and the French carmaker Renault have suspended full-blown merger plans.

Wed, 27 May 2020 04:04:42 GMT

Amtrak asks US Congress for $1.475B bailout

On Tuesday, the US National Railroad Passenger Corporation Amtrak told the US Congress that it needs extra $1.475B bailout.

Wed, 27 May 2020 03:00:59 GMT

S&P 500 tops 3k level

Wall Street's main indexes edged higher on Tuesday, as the S&P 500 breached the 3000 psychological resistance level for the first time since the beginning of March.

Wed, 27 May 2020 01:47:17 GMT

Hertz pays $16.2M bonus to key executives

On Tuesday, Hertz Global Holdings said in a filing to the US regulators that it has paid over $16M in retention bonuses to key executives.

Tue, 26 May 2020 20:02:45 GMT

Egypt, Sudan to improve relations

The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.

Tue, 26 May 2020 19:03:31 GMT

S&P 500 breaks 3k technical barrier

On Tuesday, US stocks edged higher, as the S&P 500 rose above the 3000 psychological resistance level for the first time since early March.

Tue, 26 May 2020 17:53:01 GMT

Sewing comments on stock markets recovery

On Tuesday, Christian Sewing, the Chief Executive of Deutsche Bank, said that the global equity markets were a bit too confident in their assessment about the post-coronavirus crisis recovery.

Tue, 26 May 2020 16:49:29 GMT

Germany plans to lift travel warning for 31 countries

The German government plans to lift the travel warning for travellers from 31 European countries starting from the middle of June.

Tue, 26 May 2020 15:43:24 GMT

LH hopes for quick bailout deal with EU

According to sources with knowledge of the discussion, the German airline Lufthansa expects the European Union to approve the $9.8B bailout deal agreed on Monday.

Tue, 26 May 2020 14:59:21 GMT

Merck to acquire Themis

Merck & Co has struck a deal to acquire the Austrian pharmaceutical company Themis Bioscience. The company's Chief Executive Ken Frazier said on Tuesday.

Tue, 26 May 2020 14:23:17 GMT

Marvelous shares soar 17% on Tuesday

Shares in the Japanese firm Marvelous rose 17% to their daily limit worth 682 yen on Tuesday after the game maker reported that China's Tencent Holdings would acquire a 20% stake.

Tue, 26 May 2020 13:19:48 GMT

Qatar Airways to launch more summer flights

On Tuesday, Qatar Airways announced on Twitter it planned to launch summer flights to more than 80 destinations worldwide, as the aviation sector starts slowly recovering from the coronavirus crisis.

Tue, 26 May 2020 12:38:02 GMT

Tencent plans $70B investment in 'new infrastructure'

China's Tencent Holdings is set to invest $70B during the following five years in new technology infrastructure, such as cloud computing, AI and cybersecurity, the tech giant said on Tuesday.

Tue, 26 May 2020 10:43:44 GMT

Uber trims 600 jobs in India

Uber Technologies is set to slash about 600 job positions in India, looking to trim 23% of the ride-hailing firm'a global workforce, as lockdowns hit the company's business in the country.

Tue, 26 May 2020 09:42:32 GMT

EasyJet's CFO to leave next year

The UK low-cost airline easyJet confirmed that Andrew Findlay, its chief financial officer, would step down from his role in the carrier in May 2021, adding it had started to search for a successor.

Tue, 26 May 2020 09:09:47 GMT

LATAM files for Chapter 11 protection

On Tuesday, Latin America's biggest carrier LATAM Airlines Group announced the firm and its affiliates based in Peru, Colombia, Chile, Ecuador and the United States have filed for the US bankruptcy protection.

Tue, 26 May 2020 08:06:46 GMT

Bolt taxi attracts €100M

On Tuesday, Uber's rival Bolt announced it had raised €100M from Naya Capital Management, the London-based investment firm, in a deal that valued the European ride-hailing service at €1.7B.

Tue, 26 May 2020 06:56:02 GMT

Britain to reopen shops next month

The Prime Minister Boris Johnson announced Britain would reopen thousands of shopping centres, department stores and high street shops in June, as the country is easing the coronavirus lockdown.

Tue, 26 May 2020 06:16:44 GMT

Renault and Nissan postpone merger plans

Renault and Nissan have shelved their merger plans, looking to repair their troubled alliance instead and try to recover from the consequences of the coronavirus outbreak.

Tue, 26 May 2020 04:46:59 GMT

Toyota prepares for Mexico gradual restart

Toyota Motor's unit in Mexico is getting ready to gradually restart its operations, saying it would include implementation of health security measures, production tests and training activities.

Tue, 26 May 2020 03:46:53 GMT

Renault likely to trim jobs, shut plants

France's Renault is likely to unveil plant closures and job cuts this Thursday amid the carmaker's intention to save $2.2B in costs, a CGT representative said.

Tue, 26 May 2020 02:52:48 GMT

Great Wall sees mild car sales in 2020 H2

China's Great Wall Motor is expecting mild domestic auto sales growth in the current year's second half, as the Chinese car market recovers from the coronavirus impact.

Mon, 25 May 2020 20:47:39 GMT

Aston Martin's Palmer to resign

The CEO of Aston Martin, Andy Palmer, is set to resign on the back of the management shake-up, with Tobias Moers, the head of Mercedes-AMG, to succeed him on this role.

Mon, 25 May 2020 19:46:46 GMT

Siemens to spin off energy unit

Siemens is set to keep a stake of 45% in its energy business, which it wants to spin off later in 2020, sources familiar with the matter stated.

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