News

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.

Tue, 09 Jun 2020 09:03:49 GMT

Vroom attracts $467.5M in upsized US IPO

Vroom Inc, the online used auto seller, has raised $467.5M in its US listing, as the IPO market is gaining momentum following the coronavirus pandemic that put the majority of debuts on hold.

Tue, 09 Jun 2020 08:18:27 GMT

Alibaba to hire 5K staff globally in 2020

Alibaba Group's cloud unit is planning to recruit 5K staff globally this financial year, aiming to add new employees to the network, chips, AI, servers and database areas, it said on Tuesday.

Tue, 09 Jun 2020 07:39:18 GMT

Google Maps set to alert about travel restrictions

Google Maps will alert its users about the coronavirus-related travel restrictions, aiming to help people plan their trips, according to the Alphabet unit statement.

Tue, 09 Jun 2020 05:25:27 GMT

US enters recession

The US government announced on Monday that in February the US economy officially entered a recession.

Tue, 09 Jun 2020 03:41:03 GMT

White House comments on relief package

On Monday, the White House announced that the US President Donald Trump would be open for another coronavirus relief package.

Tue, 09 Jun 2020 03:31:07 GMT

Volkswagen replaces CEO

Volkswagen announced on Monday that it would replace Herbert Diess as the CEO of the Volkswagen brand.

Mon, 08 Jun 2020 20:54:48 GMT

Nasdaq reaches record high

On Monday, US markets ended the day' trading with the Nasdaq index hitting a new high level.

Mon, 08 Jun 2020 19:56:44 GMT

Austria confirms €450M deal for Lufthansa's unit

The Austrian government confirmed that it agreed a €450M bailout deal for Austrian Airlines, the unit of Lufthansa.

Mon, 08 Jun 2020 18:48:28 GMT

Nestle sells Buitoni pasta brand

Nestle SA confirmed that it is selling its North American business of Buitoni pasta brand to Brynwood Partners, the Swiss food group stated.

Mon, 08 Jun 2020 17:43:48 GMT

German public EV charging network expands 60%

Germany's public network for electric cars expanded nearly 60% to 10K charging spots in the last year, the country's electricity lobby stated.

Mon, 08 Jun 2020 16:43:23 GMT

Tesla China sells over 11K Model 3 cars in May

Tesla, the US electric car maker, reported it had sold 11,095 China-made Model 3 vehicles in May, marking more than triple April's volume, according to the CPCA.

Mon, 08 Jun 2020 16:02:44 GMT

Oil major BP plans 15% job cuts

The oil major BP is planning to cut around 15% of the company's workforce due to the COVID-19 crisis and its CEO Bernard Looney's intention to shift the gas and oil giant to renewable energy.

Mon, 08 Jun 2020 15:02:05 GMT

PG&E to raise $5.75B in equities to exit bankruptcy

On Monday, US power provider PG&E announced its plans to attract $5.75B from public offerings, seeking to exit the bankruptcy by this month's end.

Mon, 08 Jun 2020 13:42:55 GMT

Crude oil prices surge

During Monday's European trading hours, crude oil prices and oil company stock prices surged, as oil producing countries extended production cuts.

Mon, 08 Jun 2020 12:43:28 GMT

Nokia boosts business

Nokia revealed on Monday that its broadband business has surged, as due to the coronavirus consumers upgrade their internet connections.

Mon, 08 Jun 2020 11:47:07 GMT

Japan prepares for economic slump

On Monday, Japanese officials revealed that despite a lower decline of GDP than expected, the country would still prepare for a larger economic decline.

Mon, 08 Jun 2020 10:44:31 GMT

Mulberry cuts workforce

UK luxury brand Mulberry revealed on Monday that it would cut its workforce by nearly 25%.

Mon, 08 Jun 2020 10:19:52 GMT

Tesla triples sales in China

On Monday, Tesla announced that in May the company tripled Model 3 car sales in China compared to April.

Mon, 08 Jun 2020 09:18:31 GMT

AstraZeneca shares fall 2.1% on Monday

On Monday, shares in UK's AstraZeneca were down 2.1% after a report that the firm had approached its US rival Gilead Sciences about a potential merger with the intention to form the world's biggest drug company.

Mon, 08 Jun 2020 08:34:47 GMT

Service sector sentiment of Japan rises in May

Japan service sector sentiment surged 7.6 points in May, although the coronavirus crisis continues to impact firms' business confidence, according to a Cabinet Office survey.

Mon, 08 Jun 2020 07:39:02 GMT

Ericsson to take $108.8M hit in Q2

Ericsson's Q2 results are set to take a nearly $108.8M hit due to asset write-downs in China's market, the company announced on Monday.

Mon, 08 Jun 2020 06:39:53 GMT

Didi Chuxing sees ride sharing orders recovering

China's Didi Chuxing reported its ride-sharing orders are recovering tis month to the last year's lever, CEO Cheng Wei cpnfirmed.

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