News

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Fri, 22 May 2020 08:33:14 GMT

Waymo's top safety official steps down

Alphabet's Waymo self-driving unit announced that Debbie Hersman, the Chief Safety Officer, was stepping down from her post but would stay as the company's consultant.

Fri, 22 May 2020 06:49:19 GMT

Nvidia sees sales to top forecasts

On Thursday, Nvidia Corp forecast its Q2 revenue above analysts' expectations on rising demand for the company's chips used in data centres, necessary for working remotely, during the coronavirus outbreak.

Fri, 22 May 2020 06:38:24 GMT

Vodafone appoints Heineken's CEO as new chairman

The world's second-largest mobile operator Vodafone has named the current Chief Executive of Heineken, Jean-Francois Van Boxmeer, as its new chairman, who will succeed Gerard Kleisterlee from November 2020.

Fri, 22 May 2020 05:31:15 GMT

General Motors restarts production

General Motors revealed on Thursday that the company is restarting its production in Silao, Mexico.

Fri, 22 May 2020 03:41:50 GMT

Brazil issues new aid

On Friday, the President of Brazil was set to sign a $11 billion aid package to help fight the coronavirus.

Fri, 22 May 2020 03:31:24 GMT

Senators address airlines

A group of US senators on Thursday urged US airlines to reverse their decisions to cut staff.

Thu, 21 May 2020 20:56:13 GMT

Crude oil recovers

On Thursday, crude oil prices recovered to the mid-March levels, as global demand has returned.

Thu, 21 May 2020 20:25:09 GMT

Uber spends $19M on coronavirus financial aid

On Thursday, Uber Technologies revealed it had spent $19M to support its drivers and workers on food delivery during the coronavirus lockdowns, which affected the ride-hailing company, forcing it to lay off many employees.

Thu, 21 May 2020 18:46:08 GMT

Shopify to keep offices closed until 2021

Shopify, the Canadian e-commerce company, will let its employees work from home on a regular basis, as it plans to keep the offices shut down until 2021, firm's CEO Tobi Lutke stated on Thursday.

Thu, 21 May 2020 18:27:12 GMT

Macy's sees up to $1.0B Q1 loss amid lockdowns

On Thursday, Macy's Inc stated it is expecting operating losses of nearly $1.11B in the Q1 due to coronavirus lockdowns that forced the department store operator to close its stores.

Thu, 21 May 2020 16:45:34 GMT

US home sales drop to record low in nearly decade

The US home sales posted their largest decline of 17.8% in almost ten years last month as the coronavirus crisis hit the country's labour market and global economy, tumbling demand for housing.

Thu, 21 May 2020 16:05:16 GMT

Panasonic to slash over 500 jobs in Thailand

On Thursday, Japan's appliance-maker Panasonic announced its plans to trim about 800 jobs in Thailand, as it will move the washing machines and refrigerators production to Vietnam next year.

Thu, 21 May 2020 15:16:30 GMT

Amazon rolls out food delivery service in India

Amazon.com is launching food delivery service in India, challenging such players as Zomato and Swiggy in the market that has been growing rapidly in the last couple of years.

Thu, 21 May 2020 13:45:35 GMT

Japan may end state of emergency

The Prime Minister of Japan Shinzo Abe stated on Thursday that Japan could lift the state of emergency in Tokyo already next week.

Thu, 21 May 2020 12:40:25 GMT

Oil reaches high level

Crude oil prices reached their highest levels since March. The surge was supported by low US crude oil inventories and global supply cuts.

Thu, 21 May 2020 11:43:24 GMT

UK factories report output drop

On Thursday, UK factories revealed that they had experienced the largest output decline in a period of 40 years.

Thu, 21 May 2020 10:59:40 GMT

Euro Zone decline eases

Survey data released on Thursday revealed that the slump in the Euro Zone's economy had eased throughout April.

Thu, 21 May 2020 09:44:17 GMT

US sells torpedoes to Taiwan

According to the US Defense Security Cooperation Agency report, the US State Department has approved a potential sale of advanced torpedoes Taiwan.

Thu, 21 May 2020 08:59:47 GMT

Italy's Generali expects lower operating profit in 2020

Generali shares were down by 1.14% at 0730 GMT on Thursday after the Italian company said that its full-year operating profit is likely to fall in 2020 due to the COVID-19 crisis.

Thu, 21 May 2020 08:17:32 GMT

Google Cloud ties up with US defense department

On Wednesday, Alphabet's Google Cloud stated it had secured a contract with the US Department of Defense, aiming to detect cyber threats and take necessary measures.

Thu, 21 May 2020 07:35:43 GMT

Softbank plans 5% sale of domestic telco

SoftBank Group Corp announced it would sell 5% of the company's domestic telco amid its plan to attract $41B through asset sales.

Thu, 21 May 2020 04:48:22 GMT

Lufthansa in talks on state rescue deal

Lufthansa was in negotiations with the German government's ESF on a €9B worth rescue deal, including the state taking a stake of 20% in the airline.

Thu, 21 May 2020 04:17:51 GMT

Samsung Electronics to build sixth chip-making line

Samsung Electronics started building a sixth domestic contract chip production line to manufacture logic chips for computers and mobile phones.

Thu, 21 May 2020 03:35:06 GMT

SelectQuote raises $360M in IPO

SelectQuote, the US insurance policy comparison website, raised $360M after selling its shares in the IPO above target range.

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