News

Mon, 08 Jun 2020 05:01:31 GMT

AstraZeneca contacts Gilead about merger

According to the Bloomberg News report, AstraZeneca has approached Gilead Sciences about a possible merger agreement.

Mon, 08 Jun 2020 04:02:09 GMT

Etihad and Emirates Airlines prolong salary cuts

Etihad and Emirates Airlines are extending their 50% salary cuts for staffs until September in a bid to preserve cash during the COVID-19 crisis.

Mon, 08 Jun 2020 03:00:28 GMT

Rosneft to maintain dividend policy

On Sunday, the Russian state-owned oil company Rosneft said that it planned to maintain the dividend policy, despite the state holding company lowering its direct stake to 40.4%.

Mon, 08 Jun 2020 01:46:12 GMT

Australia to prolong financial support for airlines

On Sunday, the Australian Deputy Prime Minister and Transport Minister Michael McCormack said that the government would continue to support airlines for domestic flights until September.

Sun, 07 Jun 2020 20:31:57 GMT

France confirms space exploration target

The French government announced on Sunday that it would invest one billion Euros in an aerospace fund.

Sun, 07 Jun 2020 18:43:08 GMT

Abu Dhabi Investment Authority invests in India

On Sunday, Reliance announced that the Abu Dhabi Investment Authority has invested $752 million in its digital unit.

Sun, 07 Jun 2020 18:30:46 GMT

Airlines comment on UK quarantine

British Airways, easyJet and Ryanair announced on Sunday that the current UK government quarantine plan is unjustified and disproportionate.

Sun, 07 Jun 2020 16:45:27 GMT

AstraZeneca attempted Gilead buyout

On Sunday, Bloomberg News revealed that AstraZeneca contacted Gilead about a possible merger.

Sun, 07 Jun 2020 15:50:22 GMT

Malaysia reopens economy

Malaysian government announced on Sunday that it would reopen almost all economic activity and interstate travel.

Sun, 07 Jun 2020 15:05:32 GMT

Holzmann comments on ECB policy

On Sunday, the European Central Bank Governing Council member Robert Holzmann stated that the ECB could consider buying company shares.

Sun, 07 Jun 2020 13:40:26 GMT

Rosneft comments on dividends

Rosneft announced on Sunday that despite recent developments in the global markets, the company would keep its dividend pay-outs unchanged.

Sun, 07 Jun 2020 13:18:01 GMT

Jaguar Land Rover takes out loan

On Sunday, it was revealed by Jaguar Land Rover that the company loaned $705 million from Chinese banks.

Sun, 07 Jun 2020 11:45:58 GMT

OPEC+, Russia agree on oil cuts extension

Russia, OPEC and their allies agreed on extension of the oil output cuts until the July-end, prolonging their deal that drove crude prices twice as high as in the last two months, following a global supplies withdrawal of nearly 10% from the market.

Sun, 07 Jun 2020 10:44:22 GMT

Reddit co-founder Ohanian steps down from board

Alexis Ohanian, the Reddit co-founder, has resigned from the company's board earlier this week, seeking to be succeeded by a black candidate.

Sun, 07 Jun 2020 10:04:23 GMT

Gulf airlines to prolong salary cuts

Emirates and Etihad Airways stated on Sunday that temporary salary cuts would be extended until September.

Sun, 07 Jun 2020 09:50:46 GMT

AstraZeneca explores Gilead merger

AstraZeneca has approached Gilead Sciences, its rival drugmaker, about a possible merger deal, according to a Bloomberg News report published on Sunday.

Sun, 07 Jun 2020 08:42:55 GMT

Nasdaq soars to all-time high on recovery signs

The heavyweight technology has driven Nasdaq to its all-time high in just eleven weeks after the slump, as investors see signs of the economic recovery after the coronavirus crisis.

Sun, 07 Jun 2020 07:49:42 GMT

VW explores more cost cuts

Germany's Volkswagen is likely to implement further cost cuts, aiming to cope with the negative impact of the COVID-19 pandemic, the carmaker's spokesman stated on Saturday.

Sun, 07 Jun 2020 06:42:05 GMT

HSBC warns UK against ban on Huawei equipment

HSBC Holdings's Chairman Mark Tucker warned about possible reprisals in China, if Britain bans Huawei Technologies' networking equipment, according to the Telegraph report seen on Saturday.

Sun, 07 Jun 2020 06:05:48 GMT

France seeks 5G auction in fall

France seeks to launch its 5G auction in September in order to deploy the fifth-generation mobile network by the 2020-end, according to the country's junior economy minister.

Sun, 07 Jun 2020 04:47:17 GMT

China export decline 3.3%, imports drop 16.7%

China's exports declined 3.3% year-on-year in May, falling less than anticipated, while imports plunged 16.7%, customs data revealed.

Sun, 07 Jun 2020 04:15:56 GMT

Kosovo removes trade limitations on Serbia

Kosovo's new government removed all trade limitations for goods from Serbia in a bid to resume talks with Belgrade over an agreement enabling it to get UN membership.

Sun, 07 Jun 2020 03:36:50 GMT

Volkswagen considers more cost cuts

Volkswagen considered more cost cuts, aiming to help cope with the economic impact of the COVID-19 pandemic, a spokesman for the automaker stated.

Sat, 06 Jun 2020 21:06:20 GMT

Cloud9 raises $17.5M

Cloud9, the voice trading software supplier, raised $17.5M in the second funding round led by UBS and joined by JP Morgan and Barclays as existing investors.

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