News

Wed, 10 Jun 2020 15:12:12 GMT

US stocks open higher

On Wednesday, Wall Street's main indexes opened higher, as investors and traders await the US Federal Reserve's policy update due later in the day.

Wed, 10 Jun 2020 13:43:33 GMT

Starbucks expects $2.2 billion hit

On Wednesday, representatives of Starbucks announced that the company expects to suffer a $2.2 billion decline in income due to the coronavirus.

Wed, 10 Jun 2020 12:52:23 GMT

Ford, VW to produce 8M commercial cars

On Wednesday, Ford Motor and Volkswagen announced they were set to produce up to 8M commercial vans and medium pickup trucks as part of their alliance formed last year.

Wed, 10 Jun 2020 12:07:27 GMT

Finnair seeks raising 500M from shareholders

On Wednesday, Finnair has launched its share sale, seeking to raise €500M from the existing investors, as the airline aims to cope with the COVID-19 crisis by boosting its finances.

Wed, 10 Jun 2020 11:39:18 GMT

Tesla to launch truck volume production

Tesla's CEO Elon Musk announced that the company would launch the volume production of the Semi commercial trucks, as the US electric car maker accelerated its vehicle output after a brief shutdown.

Wed, 10 Jun 2020 09:55:40 GMT

ECB prepares new plan

On Wednesday, the European Central Bank announced that it is preparing a plan for dealing with a wave of bad coronavirus caused debt.

Wed, 10 Jun 2020 08:57:19 GMT

Credit Suisse head positive about future

Credit Suisse's CEO Thomas Gottstein expressed his positive view of business future on Wednesday, seeing improvements after the 2020 year's tough start.

Wed, 10 Jun 2020 07:50:07 GMT

Arm's China JV replaces CEO

On Wednesday, SoftBank Group-backed chip technology company Arm Ltd stated that Allen Wu, the CEO of its Chiese joint venture, has resigned from his position and been replaced.

Wed, 10 Jun 2020 07:31:10 GMT

Fujifilm to spend $928M on Danish drug facility

Japan's Fujifilm Holdings is set to spend $928M to double capacity at the Danish drug manufacturing facility, as it plans to use it for producing COVID-19 treatments.

Wed, 10 Jun 2020 06:38:22 GMT

Emirates plans more layoffs

One of the largest long-haul airlines in the world, Emirates, announced it was planning more pilots, cabin crew layoffs on Wednesday, in its second consecutive day of redundancies.

Wed, 10 Jun 2020 04:49:29 GMT

Airlines to loss $84B in 2020

According to the IATA forecast, airlines are heading towards $84B loss in 2020, as the COVID-19 crisis cut their income by half.

Wed, 10 Jun 2020 04:02:41 GMT

Germany to allocate $566.95M for EV charging

According to sources with knowledge of the matter, Germany's Economy Ministry plans to spend $566.95M to help investors to build charging terminals for electric vehicles.

Wed, 10 Jun 2020 03:05:14 GMT

Varga says EU's stimulus plan unfair to Hungary

The EU's €750B economic rescue plan is unfair to Hungary, the Hungarian Finance Minister Mihaly Varga stated on Tuesday.

Wed, 10 Jun 2020 01:43:14 GMT

Wholesale inventories revised down slightly for April

According to a report released by the US Commerce Department on Tuesday, wholesale inventories in the US increased by slightly less than expected in April.

Tue, 09 Jun 2020 20:25:14 GMT

Segro to raise £650M to fund expansion

Warehousing specialist Segro is set to raise about £650M via private share placement to finance expansion across the UK and continental Europe.

Tue, 09 Jun 2020 19:32:40 GMT

Japan's real wages fall markedly in April

Japan's April real wages declined at their quickest pace since 2019 end, fanning fears over the further consumer sentiment after the economy was hit by the coronavirus.

Tue, 09 Jun 2020 18:31:05 GMT

Turkey's industrial production falls 17%

Turkey's industrial production is expected to have plunged 17% year-on-year in April amid an economic decline brought on by measures against the coronavirus spread.

Tue, 09 Jun 2020 16:42:02 GMT

Germany to spend €500M on EV charging

Germany seeks to earmark €500M from its bumper stimulus package with intention to support the electric car charging stations launch, according to a Reuters report seen on Tuesday.

Tue, 09 Jun 2020 15:59:38 GMT

Airlines to lose $84B this year

Airlines are heading to the $84B loss this year after the COVID-19 pandemic cut their revenue by half, marking the sector's worst year in history, the IATA anticipated on Tuesday.

Tue, 09 Jun 2020 14:55:26 GMT

US stocks open lower on Tuesday

On Tuesday, Wall Street opened lower as investors had shifted their focus to the Federal Reserve meeting over the gradual economic recovery, which took Nasdaq to its all-time high.

Tue, 09 Jun 2020 13:23:41 GMT

Thailand offers tax on foreign internet firms

Thailand seeks international digital service copanies to pay a VAT, approving a draft bill on Tuesday, in the latest move by another Southeast Asian country that aims to raise tax revenues from foreign tech firms.

Tue, 09 Jun 2020 12:38:39 GMT

Macy's tops forecast on reopened stores

On Tuesday, Macy's Inc reported that 450 of its reopened stores beat forecasts by performing better than anticipated, after almost $1B in its quarterly operating losses amid the COVID-19 lockdowns.

Tue, 09 Jun 2020 11:38:41 GMT

Cyberattack triggers Honda output disruptions

On Tuesday, Honda Motor has experienced some output disruptions, as the Japanese carmaker was forced to suspend some of its motorcycle and auto production globally due to a potential cyberattack hit.

Tue, 09 Jun 2020 10:10:58 GMT

EU experiences GDP decline

On Tuesday, Eurostat revealed that that the shared GDP of 19 EU countries declined by 3.1% on a year-on-year basis.

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