News

Mon, 13 Jul 2020 06:59:12 GMT

WeWork sees positive cash flow next year

Marcelo Claure, the Executive Chairman of WeWork, expects the office-sharing firm to have a positive cash flow next year, earlier than its initial target, according to the Financial Times report.

Mon, 13 Jul 2020 06:39:44 GMT

Tesla cuts price for Model Y SUV price

Tesla Inc has slashed the price for its Model Y SUV by $3K, four months after the roll-out, as the US electric automaker seeks to keep its sales momentum during the COVID-19 crisis.

Mon, 13 Jul 2020 05:07:24 GMT

Qualcomm to buy 0.15% stake in Reliance's digital unit

Qualcomm's investment division will acquire a 0.15% stake in Reliance's Jio telecoms unit, the Indian Reliance Industries announced on Sunday.

Mon, 13 Jul 2020 04:00:44 GMT

Volkswagen replaces head of software unit

According to the Handelsblatt newspaper report published on Sunday, Volkswagen would replace Christian Senger as the company's head of the software division.

Mon, 13 Jul 2020 03:02:36 GMT

US lawmakers need compromise to extend jobless benefits

On Sunday, the US House Speaker Nancy Pelosi said that Congress needs to find a compromise to prolong the coronavirus unemployment benefits.

Mon, 13 Jul 2020 01:44:10 GMT

Kuwait's government submits debt law to Parliament

Safaa al-Hashem, the head of Parliament's Financial and Economic Committee, announced on Sunday that Kuwait's government had asked the Parliament to approve the public debt law.

Sun, 12 Jul 2020 19:49:03 GMT

Reliance gets Qualcomm backing

On Sunday, the digital unit of Reliance acquired the needed backing of Qualcomm to improve its 5G plans.

Sun, 12 Jul 2020 18:44:52 GMT

Volkswagen replaces head of software

Volkswagen announced on Sunday to Handelsblatt that the company would replace the company's head of software division.

Sun, 12 Jul 2020 17:44:30 GMT

Bank of Israel expects deficit

On Sunday, the Bank of Israel announced that it expects the Israeli budget to have a 13% of GDP deficit.

Sun, 12 Jul 2020 16:41:39 GMT

UK improves infrastructure

The UK government announced on Sunday that it would develop port infrastructure in London to stop possible future freight blockages.

Sun, 12 Jul 2020 15:41:01 GMT

Nornickel reports leak

On Sunday, the Russian mining company Norilsk Nickel announced another fuel leak in the Arctic.

Sun, 12 Jul 2020 14:45:40 GMT

Tesla reduces prices

Tesla announced on Sunday that the company would cut the price for Model Y vehicles, as the coronavirus has hit the auto sector.

Sun, 12 Jul 2020 13:41:53 GMT

Zozo and Onward announce tie-up

Nikkei announced on Sunday that Onward Holdings and Japanese retailer Zozo are to close a tie-up deal.

Sun, 12 Jul 2020 12:41:16 GMT

Huawei requests 5G delay

On Sunday, The Times reported that Huawei would request the UK government to delay the company's removal form the country's 5G network.

Sun, 12 Jul 2020 11:52:12 GMT

On prepares for IPO

A Swiss newspaper revealed on Sunday that the sports shoe producer On would apply for an initial public offering.

Sun, 12 Jul 2020 10:54:25 GMT

Engie designates new CEO

On Sunday, Reuters revealed that in September Engie would assign a new Chief Executive Officer.

Sun, 12 Jul 2020 10:08:49 GMT

Italy's high-yielding bonds draw investors

Despite the forecasted 11% decline of the country's economy this year, Italy offers the highest-yielding bonds in the euro area.

Sun, 12 Jul 2020 08:51:01 GMT

Engie to appoint new CEO in autumn

As the French multinational electric utility company, Engie seeks to shift in the direction of renewable energy, a new CEO candidate will be chosen in September.

Sun, 12 Jul 2020 08:35:21 GMT

Tesla reduces Model Y price

The leading US electric car manufacturer Tesla lowered the price of their Model Y by $3000, seeking to sustain the sales during the coronavirus-caused turbulences.

Sun, 12 Jul 2020 06:45:28 GMT

Onward, Zozo to tie-up as sales slump

Japan's Zozo and Onward are set to tie up in custom-made clothing to support each other in surviving a sales slump amid the coronavirus pandemic.

Sun, 12 Jul 2020 05:58:41 GMT

Cisco launches financing program for SMEs

Cisco launched the three-year financing program allowing SMEs in the Philippines to buy hardware, software and services at 0% interest and fixed monthly payments.

Sun, 12 Jul 2020 05:33:51 GMT

Huawei to delay its 5G network removal in UK

Huawei Technologies requested to meet with the UK Prime Minister Boris Johnson to cut a deal over the delay of the company's removal from the 5G network.

Sun, 12 Jul 2020 04:36:54 GMT

NordStar to acquire Torstar

Canadian media firm Torstar Corp reached an agreement to be acquired by NordStar at a 17.5% higher price over previous bid or 74 cents per share.

Sun, 12 Jul 2020 02:32:24 GMT

India negotiates trade deal with EU

India started negotiations over trade with the EU and is open to dialogue with the UK for a free trade agreement, the country's Trade Minister stated.

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