News

Mon, 15 Jun 2020 16:15:15 GMT

Tesla's car registrations in China rise in May

Tesla's Chinese car registrations, including imported vehicles, surged as much as 150% to 11,565 units month-on-month in May, compared to April's reading of 4,633 cars, according to LMC Automotive data.

Mon, 15 Jun 2020 15:31:27 GMT

Nokia to supply 10% of Unicom's 5G network

Nokia, Finland's telecom equipment maker, is set to supply 10% of China Unicom's 5G core network, according to its CEO Rajeev Suri.

Mon, 15 Jun 2020 14:25:38 GMT

Delta to resume flights from June 18

On Monday, the Shanghai government has granted its approval to Delta Air Lines to resume its flights starting from June 18, setting the stage for the airline to revive services to China after lockdowns.

Mon, 15 Jun 2020 13:36:55 GMT

Walmart ties up with Shopify

On Monday, Walmart stated it was partnering with the e-commerce company Shopify, aiming to expand the online marketplace business, as well as cash in on a surge in online shopping driven by the coronavirus lockdowns.

Mon, 15 Jun 2020 12:29:56 GMT

Charging points for EV rise in 2019

The number of electric vehicle charging points accessible for public surged as much as 60% in 2019, marking the biggest rise in the last three years, according to the IEA.

Mon, 15 Jun 2020 11:25:37 GMT

American Airlines sees halting its cash burn

American Airlines Group is expecting to halt its cash burn by 2020-end due to travel demand improvement and cost-cutting measures, sending its shares up 18% to $17.06.

Mon, 15 Jun 2020 10:20:35 GMT

Oil prices decline

During Monday's European trading hours, crude oil price benchmarks declined, as fears of a new coronavirus wave signalled of a lower demand.

Mon, 15 Jun 2020 09:13:26 GMT

EasyJet resumes flights on Monday

Britain's EasyJet has resumed a few of its domestic flights on Monday after they were halted on March 30 due to the coronavirus pandemic, with the passengers observing all the COVID-19 measurements.

Mon, 15 Jun 2020 08:10:03 GMT

Skillsoft files for bankruptcy

On Monday, the e-learning firm Skillsoft Corp announced it had filed for the Chapter 11 bankruptcy aiming to reduce its debt worth around $2B, adding it had also agreed with its lenders on restructuring agreement to cut the debt to $410M.

Mon, 15 Jun 2020 06:44:49 GMT

VW Mexico to gradually resume its plant

Volkswagen AG's Mexican arm is set to start sending its workers back to the Puebla plant on Tuesday, aiming to prepare and train eyeing a gradual launch of operations further ahead.

Mon, 15 Jun 2020 06:38:31 GMT

Unilever to make investment in climate change fund

On Monday, Unilever Plc announced a €1B investment in the climate change projects, claiming reduction to the net zero greenhouse gas emissions by 2039.

Mon, 15 Jun 2020 04:59:06 GMT

Spain plans aid package for auto sector

The Spanish government plans a €3.7B financial package for its auto industry, Spain's Prime Minister Pedro Sanchez announced on Sunday.

Mon, 15 Jun 2020 03:59:21 GMT

UK to review quarantine policy for travellers

Britain's Chancellor of the Exchequer Rishi Sunak stated on Sunday that the UK government could make changes to a 14-day quarantine for travellers coming to the country.

Mon, 15 Jun 2020 01:47:28 GMT

AstraZeneca signs contract with EU

Drugmaker AstraZeneca has agreed to supply 400 million doses of coronavirus vaccine to Europe's Inclusive Vaccines Alliance.

Mon, 15 Jun 2020 01:44:53 GMT

Spain to open borders for Schengen countries

The Spanish Prime Minister Pedro Sanchez announced on Sunday that Spain would open its borders for the Schengen zone countries on June 21.

Sun, 14 Jun 2020 20:11:44 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

Sun, 14 Jun 2020 19:16:24 GMT

Russian foreign, defence ministers visit Turkey

The Russian Foreign Minister Sergey Lavrov and the Defence Minister Sergey Shoygu visit Turkey to hold talks on the regional issues.

Sun, 14 Jun 2020 18:01:00 GMT

Palestine asks $100M monthly loan from Arab states

The Palestinian Authority asked the Arab states for a $100M monthly loan to help overcome its financial crisis, a senior Palestinian official says.

Sun, 14 Jun 2020 17:10:00 GMT

China commercial vehicle sales increase

Commercial vehicle sales in China increased to 520T in May, an increase of 48% compared to the same period the prior year, the China Association of Automobile Manufacturers reports.

Sun, 14 Jun 2020 16:27:56 GMT

China gives American Express permission for card clearing operations

The PBOC and the China Banking and Insurance Regulatory Commission gave a green light to the American Express to conduct payment card clearing operations.

Sun, 14 Jun 2020 15:22:08 GMT

China postal sector expands

The Chinese postal sector expanded 21.9% to $13.4B in May, compared to the same period in 2019, data published by the State Post Bureau show.

Sun, 14 Jun 2020 14:37:13 GMT

Beijing to back creation of cryptocurrency

China government has supported a plan for the development of an East Asian digital currency linked to various Asian currencies.

Sun, 14 Jun 2020 13:18:40 GMT

10-year Treasury yield declines

Investor confidence lowers as the yield of 10-year US Treasury bonds slides to 0.7% from 0.9% in the first week of June.

Sun, 14 Jun 2020 12:16:50 GMT

OPEC foresees higher demand

As the pandemic-related plunge of oil price has caused investment shortage for its rivals, OPEC foresees a stronger position in the future.

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