News

Note: This section contains information in English only.
Mon, 18 May 2020 16:47:01 GMT

Accor secures €560M credit line

France's hotel group Accor, the owner of Ibis and Sofitel, secured a new €560M banking credit facility, after being hit hard during the coronavirus crisis.

Mon, 18 May 2020 15:53:07 GMT

JDE Peet's to launch IPO this week

Coffee firm JDE Peet's is expected to announce its intention to launch IPO on the Euronext stock exchange in Amsterdam, aiming to raise up to €2B.

Mon, 18 May 2020 14:49:44 GMT

Total cancels plan to buy Oxy's Ghana assets

Total announced that it called off plans to buy Occidental Petroleum's assets in Ghana due to the extraordinary market environment.

Mon, 18 May 2020 14:07:20 GMT

Hertz Global names new CEO

On Monday, Hertz Global Holdings has named Paul Stone as the company's Chief Executive, following concerns raised by the US car rental firm related to its operations after a bigger Q1 loss.

Mon, 18 May 2020 13:19:28 GMT

Apple resumes services in 25 more US stores

Apple Inc is set to reopen over 25 of its US stores this week, continuing to resume its services and processes and will soon top 100 open stores worldwide.

Mon, 18 May 2020 12:39:04 GMT

Panasonic sees battery cells demand growth from Tesla

Panasonic Corp's Finance Chief stated the firm was expecting strong demand for its battery cells from the US partner Tesla, adding that they have entered talks over their Nevada joint plant expansion.

Mon, 18 May 2020 11:33:21 GMT

Alibaba's Jack Ma steps down from SoftBank's board

On Monday, SoftBank Group announced that Jack Ma, Alibaba's co-founder, is set to resign from the board, with SoftBank to propose new appointments, including group's CEO Yoshimoto Goto.

Mon, 18 May 2020 10:10:26 GMT

Huawei comments on US ban

On Monday, Huawei Technologies responded to US cutting the company off from supply chains by calling US actions arbitrary.

Mon, 18 May 2020 09:17:41 GMT

Norwegian Air shares decline by 50%

The Norwegian Airlines share price fell by 50% on Monday, as the company completed a discounted sale of 400 million new shares.

Mon, 18 May 2020 08:26:41 GMT

Total buys large customer portfolio from Portugal's EDP

On Monday, the French energy giant Total announced that it had purchased Portugal's EDP portfolio of 2.5 million business-to-customers base.

Mon, 18 May 2020 05:09:26 GMT

Britain's economy to bounce back slowly

Robert Chote, the Chairman of Britain's Office for Budget Responsibility, stated on Sunday that the UK economy would recover slowly from the COVID-19 pandemic shutdown.

Mon, 18 May 2020 03:57:55 GMT

US expects to revise PPP

According to the Wall Street Journal report, published on Sunday, the United States is likely to revise the Paycheck Protection Program to cope with the economic impact of the COVID-19 crisis.

Mon, 18 May 2020 02:48:58 GMT

Gove comments on trade deal with EU

On Sunday, Britain's Chancellor of the Duchy of Lancaster, Michael Gove said that there was a post-Brexit trade deal to be done with the EU.

Mon, 18 May 2020 01:47:00 GMT

Ghani and Abdullah close to completing power-sharing deal

According to sources with knowledge of the matter, Afghanistan's President Ashraf Ghani and his rival Chief Executive Abdullah Abdullah are close to finalising a power-sharing agreement.

Sun, 17 May 2020 20:22:21 GMT

Thyssenkrupp discusses steel business with peers

According to sources familiar with the matter, the German conglomerate Thyssenkrupp began talks with its partners about consolidating its non-profitable steel business.

Sun, 17 May 2020 19:40:27 GMT

Italy eases lockdown

The Italian government decided on Sunday to ease lockdown by opening shops, restaurants and other public places.

Sun, 17 May 2020 18:36:00 GMT

Israel forms new government

On Sunday, the Israeli Parliament approved the new unity government formed by Benjamin Netanyahu, thus ending a yearly deadlock.

Sun, 17 May 2020 17:08:28 GMT

Britain's economy to bounce back slowly

Robert Chote, the Chairman of Britain's Office for Budget Responsibility, stated on Sunday that the UK economy would recover slowly from the COVID-19 pandemic shutdown.

Sun, 17 May 2020 15:52:10 GMT

US expects to revise PPP

According to the Wall Street Journal report, published on Sunday, the United States is likely to revise the Paycheck Protection Program to cope with the economic impact of the COVID-19 crisis.

Sun, 17 May 2020 15:03:09 GMT

Gove comments on trade deal with EU

On Sunday, Britain's Chancellor of the Duchy of Lancaster, Michael Gove said that there was a post-Brexit trade deal to be done with the EU.

Sun, 17 May 2020 14:11:57 GMT

Ghani and Abdullah close to completing power-sharing deal

According to sources with knowledge of the matter, Afghanistan's President Ashraf Ghani and his rival Chief Executive Abdullah Abdullah are close to finalising a power-sharing agreement.

Sun, 17 May 2020 12:57:32 GMT

India plans to privatize state-run companies

The Indian Finance Minister Nirmala Sitharaman said on Sunday that India would privatize parts of state-run firms in sectors ranging from power to aviation to replenish its coffers.

Sun, 17 May 2020 12:07:17 GMT

Walt Disney to reopen shopping complex at Florida resort

Walt Disney announced on Saturday that it would partially reopen the Disney Springs and shopping area at its Florida resort on May 20.

Sun, 17 May 2020 11:37:58 GMT

UK to have slow economic recovery

The British Office for Budget Responsibility stated on Sunday that recovery of the country's economy after the pandemic ended would not be fast.

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