News

Sun, 03 May 2020 16:57:17 GMT

Delek Group Q4 loss widens

On Sunday, Delek Group Ltd, the Israeli largest energy company, said that it lost $89 million in the fourth quarter of 2019.

Sun, 03 May 2020 15:55:03 GMT

South Korea to further ease social distancing rules

Chung Sye-Kyun, the Prime Minister of South Korea, announced on Sunday that the government would further relax the physical distancing rules starting from May 6.

Sun, 03 May 2020 14:59:24 GMT

Intel in advanced talks to acquire Moovit

According to the Calcalist report, published on Sunday, the US chipmaker Intel is in advanced negotiations to purchase Israel's Moovit public transit app for $1B.

Sun, 03 May 2020 14:04:24 GMT

SBA approves $15B in new PPP loans

The Small Business Administration gave its approval to JPMorgan Chase & Co to process $15B in new Paycheck Protection Program loans.

Sun, 03 May 2020 12:43:00 GMT

Travel crisis triggers more job cuts in US aviation sector

The travel crisis caused by the coronavirus pandemic is hitting harder the US aviation sector, causing more job cuts and flight cancellations, with airlines expecting a lower demand that could last for years.

Sun, 03 May 2020 12:31:38 GMT

Intel considers buying Israel's Moovit for $1B

Chipmaker Intel Corp has entered advanced talks to buy Moovit, Israel's public transit app, in a deal worth $1.0B, according to a Calcalist financial news media's report.

Sun, 03 May 2020 11:06:29 GMT

Supreme Court holds hearings over Netanyahu's case

The Supreme Court of Israel on Saturday began hearing on the country's Prime Minister Benjamin Netanyahu's corruption case.

Sun, 03 May 2020 10:06:16 GMT

Japan to extend emergency until June

According to the NHK, the Prime Minister of Japan Shinzo Abe will meet with experts tomorrow to discuss extension of the state of emergency until May 31.

Sun, 03 May 2020 09:34:31 GMT

Berkshire drops stakes in American airlines

Warren Buffett said on Saturday that Berkshire Hathaway Inc sold all its stakes in four major American air companies in April.

Sun, 03 May 2020 08:32:41 GMT

Japan considers to ease restrictions

The Economy Minister of Japan Yasutoshi Nishimura stated on Sunday that the government could ease some restrictions, such as opening museums and parks.

Sun, 03 May 2020 06:59:24 GMT

Malaysia's GDP could decline more than initially forecasts

The Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz said in an interview on Saturday that the country's economy could decline more than the Central Bank had forecast in April.

Sun, 03 May 2020 05:48:36 GMT

India mandates Bluetooth tracing app for all employees

The Indian government has mandated all employees in both the private and public sector to use a Bluetooth and GPS-based tracking app and keep distancing in offices.

Sun, 03 May 2020 04:53:45 GMT

NBCUniversal evaluates significant reduction of staffs

According to the Wall Street Journal report, published on Friday, NBCUniversal is considering a significant layoff of staffs at its media and entertainment units.

Sun, 03 May 2020 03:54:22 GMT

IMF confirms $91M loans for Malawi

The International Monetary Fund announced on Saturday that is has approved a $91M credits for Malawi to support the urgent balance of payments.

Sun, 03 May 2020 02:45:32 GMT

France to import compulsory 14-day quarantine for travellers

On Saturday, the French Minister for Solidarity and Health Olivier Veran said that France plans to impose a compulsory 14-day quarantine for travellers to the country.

Sat, 02 May 2020 21:04:34 GMT

Britain to support strategic aviation industry

The UK Housing Secretary Robert Jenrick said on Saturday that the United Kingdom would support the strategic aviation sector in any form it can.

Sat, 02 May 2020 20:31:32 GMT

Tesla plans to become UK electricity provider

According to The Telegraph, Tesla submitted an application to become an electricity supplier in the United Kingdom.

Sat, 02 May 2020 19:36:52 GMT

Millicom revokes deal with Telefonica

Millicom International Cellular decided on Saturday to suspend $570 deal to acquire Telefonica's business in Costa Rica.

Sat, 02 May 2020 18:23:59 GMT

IMF to give $643M to Ecuador

The International Monetary Fund (IMF) on Saturday approved $643M credit for Ecuador to help the country handle the crisis caused by coronavirus and falling oil prices.

Sat, 02 May 2020 16:59:56 GMT

Rosengren draws decentralization plan

According to the NZZ, Bjorn Rosengren, ABB's new Chief Executive Officer, outlines a new strategy to decentralize the company and boost its performance.

Sat, 02 May 2020 15:52:56 GMT

Malaysia's GDP could decline more than initially forecasts

The Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz said in an interview on Saturday that the country's economy could decline more than the Central Bank had forecast in April.

Sat, 02 May 2020 15:01:13 GMT

Malaysian authorities defend relaxing of COVID-19 curbs

The Malaysian government defended plans to reopen most businesses next week, as the number of new cases with the coronavirus rose by 105 on Saturday.

Sat, 02 May 2020 14:05:37 GMT

India mandates Bluetooth tracing app for all employees

The Indian government has mandated all employees in both the private and public sector to use a Bluetooth and GPS-based tracking app and keep social distancing in the work places.

Sat, 02 May 2020 13:06:46 GMT

SBA approves $15B in new PPP loans

The Small Business Administration gave its approval to JPMorgan Chase & Co to process $15B in new Paycheck Protection Program loans.

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