News

Wed, 23 Sep 2020 12:35:51 GMT

China's Ant close to $35B IPO

China's Ant Group is nearing its initial public offering worth $35B by submitting documents for its Shanghai IPO portion's registration, according to Reuters.

Wed, 23 Sep 2020 11:32:33 GMT

Amazon rolls out climate-friendly programme

On Wednesday, Amazon.com has launched its new climate-friendly programme to assist customers to shop for sustainable products, on the back of the online retailer's commitment to becoming net carbon neutral.

Wed, 23 Sep 2020 10:29:15 GMT

VW's Traton ties up with TuSimple

Volkswagen's commercial truck unit Traton will partner with TuSimple, the self-driving technology start-up, over the autonomous truck development, both firms said on Wednesday.

Wed, 23 Sep 2020 09:15:13 GMT

Stocks recover

On Wednesday, global stock indices surged, as Tuesday's gains in tech stocks had started a buying spree.

Wed, 23 Sep 2020 08:24:23 GMT

Sony drops 2% on Wednesday

On Wednesday, shares of Sony Corp plunged 2% after Microsoft Corp announced its acquisition of ZeniMax Media, the games publisher Bethesda Softworks's parent, in a deal aimed to boost its games slate amid cloud gaming expansion.

Wed, 23 Sep 2020 06:53:13 GMT

KKR to invest $755.1M in Reliance's retail arm

KKR & Co, the US private equity firm, is planning to make an investment worth $755.09M in Reliance Industries's retail arm that will translate to a 1.28% stake in Retail Ventures, according to the Indian conglomerate.

Wed, 23 Sep 2020 06:18:09 GMT

Nike tops quarterly profit, revenue forecasts

Nike beat expectations for its quarterly revenue and profit results, driven by Air Max sneakers' online sales in North America, and sending the company's shares up 13% on Wednesday.

Wed, 23 Sep 2020 05:01:12 GMT

Intel receives licences from US authorities

On Tuesday, an Intel spokesperson said that Intel Corp had acquired US licences to supply some products to Huawei.

Wed, 23 Sep 2020 04:05:05 GMT

Greece and Turkey prepare for talks

Turkey's presidency said in a statement on Tuesday that Greece and Turkey have agreed to resume exploratory discussions over maritime boundaries.

Wed, 23 Sep 2020 03:00:01 GMT

EU's Michel postpones summit to Oct.1-2

Charles Michel, the European Council President, has postponed the EU leaders summit to October 1-2, after going into quarantine.

Wed, 23 Sep 2020 01:44:51 GMT

US economy risks longer and slower recovery

On Tuesday, the Federal Reserve Bank of Chicago President Charles Evans said that the US economy risks a slower and longer recovery without fiscal aid.

Tue, 22 Sep 2020 19:41:21 GMT

Delta postpones pilot furloughs

Delta Air Lines postponed its pilot furlough decision until November 1, the pilot union reported on Tuesday.

Tue, 22 Sep 2020 18:42:41 GMT

Ralph Lauren plans thousand layoffs

On Tuesday, Ralph Lauren announced 15% global job cuts by the current fiscal year's end as the luxury brand aims to reduce its costs and cope with the impact on its sales triggered by the COVID-19 pandemic.

Tue, 22 Sep 2020 17:44:20 GMT

Ford plans $1.46B investment in Canada plants

Ford Motor is planning an investment worth $1.46B in its Canadian factories, Windsor and Oakville, as part of its deal with the country's Unifor union.

Tue, 22 Sep 2020 16:43:23 GMT

Siemens Energy value is revealed

On Tuesday, Reuters revealed that its source had reported that Siemens evaluates Siemens Energy at 17 billion Eur.

Tue, 22 Sep 2020 15:50:24 GMT

UK increases coronavirus measures

The Prime Minister of the United Kingdom stated on Tuesday that people should work from home and ordered the closure of restaurants and pubs.

Tue, 22 Sep 2020 14:41:05 GMT

ECB Board Member comments on policy

On Tuesday, Board Member of the ECB Fabio Panetta stated that the central bank should rather make mistakes by overdoing stimulus not providing too little of it.

Tue, 22 Sep 2020 13:48:09 GMT

Veolia open to Suez offer price discussion

On Tuesday, the French utility Veolia stated it was ready to talks about the acquisition price it was offering for Engie's stake in Suez, the waste and water management group.

Tue, 22 Sep 2020 12:47:39 GMT

Iliad's Polish deal faces Oct. 26 deadline

The European antitrust regulators are set to pass their verdict by October 26 whether to approve Iliad's $4.1B bid for Play, the Polish mobile group, in a deal that can make Illiad the sixth biggest mobile operator in the EU.

Tue, 22 Sep 2020 11:52:01 GMT

China unlikely to grant approval for TikTok deal

China's Beijing is unlikely to grant its approval for the Walmart-Oracle "unfair" deal with ByteDance to acquire the video-streaming app TikTok, according to Global Times newspaper.

Tue, 22 Sep 2020 11:28:57 GMT

Deutsche Bank to shut 20% of local branches

Deutsche Bank announced its plans to close one of its five domestic branches in Germany, in the lender's latest efforts to save costs as well as capitalise on new customer habits triggered by the COVID-19 pandemic.

Tue, 22 Sep 2020 09:14:03 GMT

European stocks recover

During Tuesday's European trading hours, European stock indices recovered in the aftermath of the previous sharp drop.

Tue, 22 Sep 2020 09:02:12 GMT

Quibi considers several strategic options

The streaming service Quibi is considering a few strategic options, such as sale or going public via merger, according to the Wall Street Journal report published on Monday.

Tue, 22 Sep 2020 07:46:57 GMT

Airbus reveals concepts for zero-emission plane

Airbus has presented three visual concepts designed for hydrogen-powered airplanes, in the company's latest push to draw attention to the zero-emission efforts it tries to fulfil amid the EU goal to go greener in technology.

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