News

Fri, 11 Dec 2020 12:05:56 GMT

Sanofi, GSK postpone COVID-19 vaccine

GlaxoSmithKline and Sanofi announced they would delay the launch of the COVID-19 vaccine due to insufficient immune response showed in older people following clinical trials.

Fri, 11 Dec 2020 10:45:42 GMT

BoE Bailey comments on policy

On Friday, the Governor of the Bank of England Andrew Bailey stated that the central bank is limited in its tools that limit market volatility.

Fri, 11 Dec 2020 10:36:15 GMT

Rolls-Royce sees challenging 2020 outlook

Rolls-Royce, the UK engineering company, downgraded the 2020 cash outflow outlook and warned of the challenging forecast due to a sharp decline in air travel caused by the coronavirus pandemic.

Fri, 11 Dec 2020 09:17:54 GMT

Hyundai Motor to acquire SoftBank's robot maker

Hyundai Motor Group will acquire as much as 80% stake the SoftBank-owned Boston Dynamics robot maker in a deal worth about $736M-$828M, Reuters reported on Friday.

Fri, 11 Dec 2020 08:32:32 GMT

Zurich and Farmers make an acquisition

Farmers Exchanges and Zurich Insurance are set to acquire MetLife's property and casualty business in the US in a deal worth $3.94 billion.

Fri, 11 Dec 2020 07:36:59 GMT

Airbnb valued at more than $100B in IPO

Airbnb shares more than doubled during their US stock market debut that tool place on Thursday, bringing the company's valuation at over $100B in the largest US IPO of 2020.

Fri, 11 Dec 2020 06:20:25 GMT

Southwest to add more new routes

Southwest Airlines is planning to add 10 more new destinations during the coronavirus pandemic on the back of its strategy to put its rivals on defence.

Fri, 11 Dec 2020 05:15:53 GMT

EU unblocks €1.8 trillion recovery fund

European Union's leaders unblocked a €1.8 trillion financial package on Thursday, seeking to boost the economic recovery from the coronavirus-caused recession, the EU chairman Charles Michel stated.

Fri, 11 Dec 2020 04:11:13 GMT

Twitter rolls out new feature

Twitter launched a new app tool on the iOS platform that allows its users to share tweets to Snapchat photo messaging app directly, with the feature availability on Android coming soon.

Fri, 11 Dec 2020 01:08:35 GMT

US weekly unemployment claims rise

The number of US jobless claims surged to almost three-month high the previous week, after rising new COVID-19 cases resulted in more business restrictions, the Labor Department reported.

Thu, 10 Dec 2020 20:45:19 GMT

BP expands deal with Amazon

Oil major BP broadened its renewable energy supply agreement with Amazon.com to power Amazon Web Services and the US e-commerce company's operations in Europe.

Thu, 10 Dec 2020 19:46:01 GMT

Gilead to buy MYR for about €1.15B

Gilead Sciences announced that it will buy MYR for about €1.15B in cash, providing an access to the German biotech firm's treatment for a viral hepatitis.

Thu, 10 Dec 2020 19:04:48 GMT

Airbnb Inc valued at $101.6B

Shares of Airbnb jumped in their stock market debut, valuing the home rental company at $101.6B in the biggest US IPO.

Thu, 10 Dec 2020 18:25:39 GMT

Morgan Stanley to shift €100B to Germany

Morgan Stanley is set to shift around €100B in assets to Frankfurt from the UK in 2021, a consequence of Brexit, a source familiar with the matter stated.

Thu, 10 Dec 2020 16:52:35 GMT

Airbnb shares set to soar in market debut

On Thursday, Airbnb shares were set to surge in the largest US stock market debut this year, after opening at $149 apiece, compared to its initial IPO price of $68.

Thu, 10 Dec 2020 15:41:31 GMT

Facebook users face issues with its apps

On Thursday, Facebook confirmed that some of its users were facing troubles with sending messages on Instagram, Messenger and Workplace, the office collaboration service.

Thu, 10 Dec 2020 15:15:24 GMT

Tesla continues to drop

At the start of US trading, the stock price of Tesla continued its sharp decline, as the stock started the day with a -4.98% opening.

Thu, 10 Dec 2020 13:41:16 GMT

Spanish firms expect drop in Q4 revenues

According to the Bank of Spain survey, 45.9% of the Spanish firms expected a sharp decline in their Q4 revenues, while 48.5% actually reported a drop in their quarterly results.

Thu, 10 Dec 2020 13:02:37 GMT

Macron aims to complete EU budget deal

On Thursday, France's President Emmanuel Macron stated he had hopes for finalising a compromise over the EU budget in the nearest hours.

Thu, 10 Dec 2020 11:54:58 GMT

S&P DJI removes China firms after US order

On Thursday, S&P Dow Jones Indices removed some of the Chinese firms from he index products after the US order amid Sino-US tensions.

Thu, 10 Dec 2020 11:04:16 GMT

Crude oil surges

During Thursday's European trading hours, the prices for crude oil surged due to the expectations of a recovery in demand that would be caused by the coronavirus vaccinations.

Thu, 10 Dec 2020 10:05:52 GMT

EU COVID-19 vaccine data hit by cyberattack

The German drugmaker BioNTech and its US partner Pfizer reported that the development-related data of the COVID-19 vaccine was "unlawfully accessed" through a cyberattack on the European medicines regulator.

Thu, 10 Dec 2020 08:50:58 GMT

China's GWM to launch new EV brand

The Chinese carmaker Great Wall Motor is planning a new brand for smart and electric vehicles amid automakers' intention to pursue their growth in a new segment in the world's largest car market.

Thu, 10 Dec 2020 08:37:08 GMT

Airbnb sells shares above its IPO target

Airbnb sold its shares at $68 for a piece in the initial public offering, topping the targeted price range, as it sought to raise about $3.5 billion.

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