News

Note: This section contains information in English only.
Tue, 28 Apr 2020 03:21:13 GMT

Amazon extends closure

On Monday, Amazon announced that it would keep its French warehouses closed until May 5th.

Mon, 27 Apr 2020 20:41:06 GMT

Wall Street surges on Monday

During Monday's US trading hours, global and US stock indices surged, as better than expected earnings were reported.

Mon, 27 Apr 2020 19:41:43 GMT

LOT to convert jets into freight carriers

Poland's airline LOT was in negotiations with Boeing to convert 787 Dreamliner jets into cargo carriers, aiming to narrow losses from the crisis.

Mon, 27 Apr 2020 18:47:44 GMT

Russia to slash oil output by 19% in May

Russia is set to cut its May oil output by 19% to 8.5M bpd from the level of 10.4M bpd in February-March, Interfax reported, citing Lukoil.

Mon, 27 Apr 2020 17:56:57 GMT

BP amends $5.6B Alaska deal

BP stated that it revised some financial terms of the $5.6B sale of the company's Alaska business to Hilcorp, as the drop in oil prices is likely to result in lower cash boost.

Mon, 27 Apr 2020 16:51:44 GMT

Microsoft deals with Coca-Cola to supply software

Microsoft Corp announced that it won a deal with Coca-Cola to provide business software for five years, including tools for customer service agents.

Mon, 27 Apr 2020 15:55:25 GMT

France's jobless claims rise markedly in March

The number of people filling jobless claims in France grew record 7.1% in March, the country's Labour Ministry stated.

Mon, 27 Apr 2020 14:55:25 GMT

Nissan to slash production in Japan

Nissan Motor is set to slash production plans in Japan 70% in May and 43% in June due to the impact of the coronavirus on the automaker.

Mon, 27 Apr 2020 14:23:15 GMT

Coronavirus crisis may hit GE's revenue

Quarantines and lockdowns of the US power plants caused by the coronavirus outbreak are threatening to hit a General Electric's revenue, on which the company was counting to help increase profits.

Mon, 27 Apr 2020 13:05:58 GMT

Apple to postpone its flagship iPhone production

Apple Inc is planning to delay its 2020 mass production of the flagship iPhones by a month due to the coronavirus outbreak's hit on the global consumer demand and manufacturing disruptions across Asia, according to the Wall Street Journal.

Mon, 27 Apr 2020 11:46:23 GMT

US economy hit by 16% unemployment

The US economy faces a historic shock with a potential 16% of unemployment rate this month caused by the coronavirus outbreak, requiring more stimulus to ensure robust rebound, White House stated.

Mon, 27 Apr 2020 11:27:09 GMT

Air France-KLM, Lufthansa shares rise on Monday

On Monday, shares in Lufthansa and Air France-KLM rose as much as 7% and 3.5% respectively on hopes that the government bailouts would help them get through the COVID-19 crisis.

Mon, 27 Apr 2020 10:34:04 GMT

Cevian Capital cuts its stake in Ericsson

Activist fund Cevian Capital has cut its stale in Swedish telecom equipment maker Ericsson to 7.4%, saying that holding of Cevian's portfolio became too large.

Mon, 27 Apr 2020 09:02:32 GMT

Adidas posts 93% drop in Q1 profit plunge

Adidas reported on Monday its profit tumbled 93% in the Q1, while sales plunged 19%, missing analysts' forecasts, as well as warned of significant hit to the company's revenue, sending the German sportswear maker's shares down 1.2%.

Mon, 27 Apr 2020 07:56:49 GMT

Asian shares soar on BOJ buying more bonds

On Monday, Asia's shares bounced after the Bank of Japan had announced more stimulus actions, seeking to ease the economic impact from the coronavirus crisis.

Mon, 27 Apr 2020 07:30:48 GMT

VW revives EU biggest car factory

The world's top carmaker Volkswagen announced on Monday it had resumed operations at its largest factory located in the German city of Wolfsburg, following weeks of shutdown due to the coronavirus outbreak.

Mon, 27 Apr 2020 06:39:03 GMT

Starbucks ties up with Sequoia Capital China

On Monday, Starbucks stated it had entered strategic partnership with the investment company Sequoia Capital China, as both firms seek making strategic co-investments in the Chinese technology sector.

Mon, 27 Apr 2020 05:02:46 GMT

US companies not to seek state aid

According to the National Association for Business Economics survey, most of the US businesses would be able to stay solvent for half a year without state aid.

Mon, 27 Apr 2020 04:30:27 GMT

BoJ increases monetary stimulus

The Bank of Japan (BoJ) increased on Monday monetary stimulus to support government spending and help corporate funding.

Mon, 27 Apr 2020 02:53:08 GMT

Daimler sees increase in demand in China

The German automaker Daimler AG saw a significant increase in demand in China. The company's senior manager said on Sunday.

Mon, 27 Apr 2020 01:48:51 GMT

Italy to allow some businesses to reopen

Giuseppe Conte, the Italian Prime Minister, announced on Sunday that some businesses in Italy would reopen on May 4.

Sun, 26 Apr 2020 18:34:05 GMT

VW and others resume production

Volkswagen and other European car makers decided to resume car production starting from Monday amid the ease of quarantine measures in some European countries.

Sun, 26 Apr 2020 16:55:32 GMT

Insurers pay out losses

Reuters revealed on Sunday that US insurance industry is bound to pay out up to $22 billion USD in business disruptions claims.

Sun, 26 Apr 2020 16:20:54 GMT

Israeli firms raise capital

On Sunday, Israel's Corsight AI revealed that it has raised $5 million for the development of facial recognition software.

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