News

Sat, 30 May 2020 11:41:29 GMT

Italian FM vows to respect his country

The Foreign Minister of Italy Luigi Di Maio stated on Saturday that his country should not be treated like a colony by the European Union.

Sat, 30 May 2020 10:17:44 GMT

India's Wipro names new CEO

On Saturday, Thierry Delaporte was selected as the new Chief Executive Officer of Indian IT company Wipro Ltd.

Sat, 30 May 2020 09:36:01 GMT

Google postpones Android 11 release

In a message posted on Saturday, Google said that it decided to postpone the release of Android 11 because of protests in the United States.

Sat, 30 May 2020 08:29:34 GMT

Abu Dhabi economy likely to drop 7.5%

According to the S&P Global Ratings, Abu Dhabi's economy is expected to fall 7.5% because of the coronavirus pandemic and low oil production.

Sat, 30 May 2020 06:47:11 GMT

Tencent considers buying Warner Music stake

Tencent Holdings, the Chinese internet giant, is negotiating a potential investment of $200M in Warner Music Group, right before of the record firm's planned IPO next week, according to the Wall Street Journal.

Sat, 30 May 2020 06:25:47 GMT

Zoom to launch strong encryption for paying clients

Zoom, the video conferencing provider, is planning to boost video calls encryption for its paying customers and institutions, but not for users with free consumer accounts, the firm stated.

Sat, 30 May 2020 05:01:25 GMT

Canada's GDP falls by 11% in April

According to Statistics Canada data report, published on Friday, Canada's GDP growth in April declined by 11% from March, as the COVID-19 crisis batter the economy.

Sat, 30 May 2020 04:11:14 GMT

Georgia's GDP growth declines in Q1

Georgia's economy contracted at an annual 3.6% rate in the first quarter of 2020. preliminary data revealed on Friday.

Sat, 30 May 2020 03:01:27 GMT

Chile's unemployment rate hits 9%

According to the national statistics institute INE, Chile's jobless rate hit 9% within February and April, as the COVID-19 crisis batter the Chilean economy.

Sat, 30 May 2020 02:13:07 GMT

Russia discusses trade ties with Iran

Alexander Novak, the Energy Minister of Russia, discussed trade and investment cooperation with the Iranian Energy Minister Reza Ardakanian.

Fri, 29 May 2020 20:04:22 GMT

Total faces $12B shortfall

France's energy major Total faced at least $12B revenue shortfall amid oil prices drop, the CEO stated, a third higher compared to prior estimate.

Fri, 29 May 2020 19:01:53 GMT

Tencent to invest in Warner Music

China's internet giant Tencent Holdings was in talks to invest $200M in Warner Music, ahead of the record firm's IPO next week, the WSJ reported.

Fri, 29 May 2020 17:46:46 GMT

Germany's market regulator investigates Braun

On Friday, the German financial market watchdog said that it was examining whether the CEO of Wirecard Markus Braun, violated the insider-trading laws.

Fri, 29 May 2020 17:02:32 GMT

Brazilian public debt hits record level

On Friday, Brazil's Central Bank figures showed that the Brazilian national debt t rose to a record 79.7% of the gross domestic product in April.

Fri, 29 May 2020 15:50:32 GMT

Brazil's GDP contracts in Q1

According to data, published by the government statistics agency IBGE, Brazil's gross domestic product contracted by 1.5% in the Q1. The biggest decline since 2015.

Fri, 29 May 2020 15:00:35 GMT

Dow, S&P 500 open lower

On Friday, the Dow Jones Industrial fell by 0.30% at the open, while the S&P 500 declined by 4.56 points, as investors awaited a news conference on US-China relations from President Donald Trump.

Fri, 29 May 2020 13:53:08 GMT

Uber rolls out hourly ride bookings in US

On Friday, Uber Technologies announced it would launch booking options for hourly rides in some US cities, aiming to help Americans with their essential trips amid the coronavirus pandemic.

Fri, 29 May 2020 13:26:49 GMT

VW becomes Guoxuan's largest shareholder

The German automaker Volkswagen has become the largest shareholder of Guoxuan High-Tech, the Chinese electric car battery maker, owning a 26.5% stake, according to Guoxuan's stock exchange filings.

Fri, 29 May 2020 11:51:24 GMT

Amazon offers permanent jobs to 175K new staff

Amazon.com is likely to offer permanent roles to around 70% of its new US workforce the company has hired temporarily in order to meet the rising consumer demand during the lockdowns caused by the coronavirus pandemic.

Fri, 29 May 2020 11:38:48 GMT

China's Geely attracts $836M from share sale

Geely Automobile Holdings has raised $836M from a share sale as the Chinese carmaker seeks to replenish its coffers with the intention to finance the world's biggest auto market growth.

Fri, 29 May 2020 10:38:44 GMT

VW to have full control over JAC-VW China venture

The German automaker Volkswagen is set to have full control of China's JAC-VW joint venture's management, the carmaker's Chinese CEO stated on Friday.

Fri, 29 May 2020 09:27:30 GMT

China's Didi Chuxing attracts more than $500M

On Friday, China's ride-hailing firm Didi Chuxing stated it had finalised a fundraising round worth more than $500M for its self-driving subsidiary.

Fri, 29 May 2020 08:26:34 GMT

Renault plans French plants restructuring

On Friday, Renault announced it had entered talks with unions about restructuring several car factories located in France, potentially leading to shutdowns, as the carmaker confirmed plans to slash about 15K jobs worldwide.

Fri, 29 May 2020 06:41:06 GMT

Nordstrom quarterly sales drop 40%

Nordstrom, the luxury department store chain, posted a nearly 40% drop in its quarterly sales, tumbled by its stores closure amid the coronavirus outbreak.

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