News

Wed, 25 Nov 2020 15:37:34 GMT

Renault to turn Flins plant into recycling centre

Renault is planning to discontinue operations at its car assembly at the Flins plant outside Paris, turning it into a recycling, research and repair centre by 2024.

Wed, 25 Nov 2020 13:41:05 GMT

Tesla to recall 9,5K US vehicles

On Wednesday, Tesla has issued two recalls that cover around 9,500 cars over a roof trim that poses threat to separate, as well as bolts that could be improperly tightened.

Wed, 25 Nov 2020 12:42:59 GMT

Home Depot settles $17.5M probe

The US biggest home improvement retailer Home Depot has reached a $17.5M settlement over the investigation into the 2014 data breach that his around 40M of its customers.

Wed, 25 Nov 2020 12:28:29 GMT

Ford orders special freezers for vaccine distribution

Ford Motor made an order for 12 ultra-cold freezers for safe storage of Pfizer's COVID-19 vaccine and its distribution to employees, the carmaker said in its latest announcement.

Wed, 25 Nov 2020 10:44:08 GMT

European stocks are near highs

During Wednesday's European trading hours, stock indices fluctuated near nine month high levels, as coronavirus vaccine expectations were outweighed by rising infection cases.

Wed, 25 Nov 2020 09:38:27 GMT

Twitter to revamp verification programme in 2021

Twitter announced it was planning to relaunch the verification programme, including the public application process, as early as 2021 amid newly-introduced policy by the company.

Wed, 25 Nov 2020 08:04:22 GMT

Clariant to trim 1K jobs amid divestments

Clariant AG is planning to slash around 1K job positions over two years amid divestments, according to the Swiss speciality chemicals firm's statement made on Wednesday.

Wed, 25 Nov 2020 07:19:21 GMT

Gap falls short of quarterly profit estimates

Gap missed Wall Street's forecasts for its quarterly profit due to a shift to online sales during the pandemic that fuelled a surge in the shipping and marketing costs, sending the retailer's shares down around 11%.

Wed, 25 Nov 2020 06:07:46 GMT

Airlines on track to lose $157 billion

The International Air Transport Association released its financial forecast for the global airline industry on Tuesday, showing that airlines are expected to lose $157 billion in 2020.

Wed, 25 Nov 2020 05:13:21 GMT

Iran expects firms to return if US lifts sanctions

Tehran expects foreign firms to return if Washington eased sanctions, Iran's government spokesperson Ali Rabiei stated on Tuesday.

Wed, 25 Nov 2020 04:02:07 GMT

Tesla passes $500B in market value

Tesla Inc market value crossed $500 billion, as shares of the electric-car maker have surged nearly 28% this year.

Wed, 25 Nov 2020 02:38:00 GMT

Ireland prolongs loan guarantee scheme

Ireland has extended the €2 billion COVID-19 credit guarantee scheme for SMEs until the end of June, the Irish Business Minister Leo Varadkar said in a statement on Tuesday.

Tue, 24 Nov 2020 20:47:08 GMT

Dow Jones passes 30,000

On Tuesday, the Dow Jones Industrial Average index passed the 30,000 level. This event could attract additional retail sector investors.

Tue, 24 Nov 2020 19:44:11 GMT

US consumer confidence declines

Survey results that were published by the Conference Board on Tuesday revealed that US consumer confidence had declined more than expected.

Tue, 24 Nov 2020 18:49:12 GMT

General Electric cuts jobs

On Tuesday, General Electric announced that the company would continue to cut jobs in its aviation unit.

Tue, 24 Nov 2020 18:00:23 GMT

Best Buy comments on holiday sales

Best Buy announced on Tuesday that it expects a decline in US retail sales due to the impact of the coronavirus on the economy.

Tue, 24 Nov 2020 16:49:50 GMT

Oil reaches high level

On Tuesday, crude oil prices reached their highest levels since the coronavirus drop that occurred in March.

Tue, 24 Nov 2020 15:41:59 GMT

Wall Street surges on Tuesday

At the start of Tuesday's US trading hours, US stock indices surged, as risk on sentiment was attributed to the US General Services Administration stating that the handover of the US Presidency could begin.

Tue, 24 Nov 2020 15:11:31 GMT

Tesla crosses $500B in market value

On Tuesday, Tesla's market value crossed $500B after investors lapped up the carmaker's shares additionally to the S&P 500 index, marking a six-fold surge of the stock gain this year.

Tue, 24 Nov 2020 13:51:35 GMT

Risk assets grow

During Tuesday's trading hours, risk assets surged in price, as the US General Services Administration informed Joe Biden that the handover of the US Presidency could begin.

Tue, 24 Nov 2020 13:02:47 GMT

Ryanair expects full service in fall 2021

Ryanair stated it had to trim its winter plans due to lower demand amid the COVID-19-related restrictions, adding it would unlikely return to its pre-crisis service levels earlier than next fall.

Tue, 24 Nov 2020 12:25:58 GMT

Germany's GDP grows by 8.5% in Q3

The gross domestic product of Germany grew by its record 8.5% in Q3 as the European biggest economy showed partial recovery from an unprecedented drop triggered by the coronavirus pandemic in spring.

Tue, 24 Nov 2020 10:57:24 GMT

Snapchat rolls out new feature

Snap launched new feature "Spotlight", which allows users to share short videos publicly on the Snapchat platform, introducing another service to compete with Instagram Reels and ByteDance's TikTok.

Tue, 24 Nov 2020 10:17:11 GMT

BlackRock to acquire Aperio for $1.05B

The largest asset manager in the world BlackRock is set to acquire the investment management services operator Aperio Group from Aperio employees and the private equity group Golden Gate Capital in a cash-deal worth $1.05B.

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