News

Mon, 06 Apr 2020 17:41:21 GMT

Cemex to halt Mexico operations until April-end

Cemex, the Mexican cement company, will shut its operations until April 30, with a possible extension of this period, due to the global coronavirus outbreak, the firm announced on Monday.

Mon, 06 Apr 2020 17:06:00 GMT

Allstate to return $600M to customers amid coronavirus

The US insurer Allstate is planning to return over $600M in car insurance premiums to their customers as the majority of Americans is staying home due to the coronavirus outbreak.

Mon, 06 Apr 2020 16:02:58 GMT

IBM names ex-BoA CTO as cloud business head

International Business Machines has hired Howard Boville, the former Chief Technology Officer of Bank of America as a new head of IBM's cloud business, succeeding Arvind Krishna, who will replace Ginni Rometty.

Mon, 06 Apr 2020 15:29:44 GMT

Zoom shares fall due to rising competition

On Monday, Zoom shares plunged as much as 9% amid video conferencing app's battle over privacy concerns and rising competition from its rivals.

Mon, 06 Apr 2020 13:40:02 GMT

UK committed to continuing negotiations with EU

Britain is committed to continuing talks with the EU bloc on their relationship in the future, Prime Minister Boris Johnson's spokesman said on Monday.

Mon, 06 Apr 2020 12:35:22 GMT

GSK to tie up with Vir over COVID-19 treatments

The UK drugmaker GlaxoSmithKline is planning to make a $250M investment in Vir Biotechnology and cooperate over the development of treatments for the COVID-19 disease, both companies stated on Monday.

Mon, 06 Apr 2020 11:36:44 GMT

Norwegian Air's traffic drops 60% in March

Norwegian Air's passenger capacity plunged by 60% year-over-year last month as the airline was forced to ground its planes due to the coronavirus outbreak and efforts to stop spreading the virus.

Mon, 06 Apr 2020 10:23:36 GMT

Stocks surge on Monday

During Monday's European trading hours, global stock indices surged, as the growth of coronavirus cases slowed down.

Mon, 06 Apr 2020 07:41:47 GMT

Rolls-Royce lifts targets, dividend due to virus

Rolls-Royce, the British aero-engine maker, announced it was withdrawing its 2020 targets and the final dividend, seeking to boost its finances as carriers ground planes across the world amid the coronavirus crisis.

Mon, 06 Apr 2020 06:58:35 GMT

Britain's new car sales drop over 40% in March

Britain's new car registrations are likely to plunge over 40% in March due to the coronavirus crisis prompting potential buyers to stay at home, hitting demand, the BBC reported on Monday.

Mon, 06 Apr 2020 06:34:13 GMT

Boeing prolongs Washington state output halt

Boeing Co is planning to prolong its production operations' suspension at the Washington state plants until further notice due to the coronavirus outbreak.

Mon, 06 Apr 2020 03:34:51 GMT

Brazilians against Bolsonaro's potential resignation

According to an opinion poll published on Sunday the Folha de S.Paulo newspaper, most Brazilians said that they would oppose the potential resignation of Brazil's President Jair Bolsonaro.

Mon, 06 Apr 2020 01:45:27 GMT

India restricts export of diagnostic testing kits

The Indian government has banned the exports of diagnostic testing materials, as the total number of confirmed COVID-19 cases in the South Asian country surged to 7,000 on Sunday.

Sun, 05 Apr 2020 18:57:06 GMT

Israeli unemployment rate at 25%

Israel's unemployment rate increased from 4% to 25% since early March due to the coronavirus pandemic, the Israel Employment Service reported.

Sun, 05 Apr 2020 17:47:51 GMT

Swiss gold refineries to reopen

Three of the world's largest gold refineries stated that they are set to partially reopen after being closed for two weeks that disrupted global gold supply.

Sun, 05 Apr 2020 17:16:31 GMT

Saudis' non-oil private sector at decade-low

The Saudi Arabian non-oil private sector's PMI declined to 42.4 in March at the fastest rate, as measures to contain the coronavirus hit businesses.

Sun, 05 Apr 2020 16:39:04 GMT

Starbucks Latin America suspends 90% jobs in Chile

The company holding Starbucks' franchise in Chile suspended the contracts of 1.6K employees in the country, where most places were shut in efforts to fight the COVID-19 epidemic.

Sun, 05 Apr 2020 14:37:00 GMT

Brazilians against Bolsonaro's resignation

According to opinion poll conducted by Datafolha, nearly two thirds of respondends said that they do not want President Bolsonaro to resign.

Sun, 05 Apr 2020 13:03:54 GMT

Luckin Coffee to continue its work

Luckin Coffee, the competitor of Starbucks in China, stated on Sunday that it would continue running its business despite an announced internal investigation related to falsified sales deals.

Sun, 05 Apr 2020 12:00:53 GMT

UAE increases anti-virus stimulus

Central Bank of the United Arab Emirates announced on Sunday its decision to increase the safe package for banking system from $27B to $70B.

Sun, 05 Apr 2020 10:41:00 GMT

OPEC+ meeting is delayed

On Saturday, OPEC announced that due to a conflict between Saudi Arabia and Russia OPEC has moved Monday's meeting to April 9.

Sun, 05 Apr 2020 10:03:26 GMT

Trump proposes tariffs on oil

On Saturday, the President of the United States state that he could impose tariffs on crude oil imports.

Sun, 05 Apr 2020 08:42:33 GMT

Trump addresses oil industry's decline

The US President Donald Trump ordered his cabinet on Friday to find ways to ease a money crunch that is experienced by the crude oil industry.

Sun, 05 Apr 2020 07:57:14 GMT

Mexican central bank comments on recession

On Saturday, the Banco de Mexico revealed that the recent economic turmoil has increased risk premiums and decreased growth forecasts.

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