News

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Tue, 22 Dec 2020 00:33:58 GMT

Tesla shares drop in S&P 500 debut

Tesla's shares tumbled 6.5% from their record high on Monday in the S&P 500 debut, following a report on possible future competition from rival Apple.

Mon, 21 Dec 2020 20:41:59 GMT

EU investigates $30B Aon, Willis Towers deal

EU antitrust regulators have launched a full-scale inquiry into Aon's potential $30B takeover deal of Willis Towers Watson, aimed at building the world's biggest insurance broker, over concerns the bid might reduce competition.

Mon, 21 Dec 2020 19:59:42 GMT

Regulator approves Pfizer vaccine use in EU

On Monday, Europe's medicines regulator has granted the approval for the Pfizer-made COVID-19 vaccine's use, paving the way for the EU to begin inoculations after Christmas.

Mon, 21 Dec 2020 18:45:02 GMT

Air transport faces disruption in EU

Europe's air transport faces significant disruption due to the majority of countries banning flights from the UK due to new coronavirus strain-related fears, Reuters reported.

Mon, 21 Dec 2020 17:42:34 GMT

Aramco to offer Google Cloud in Saudi Arabia

Saudi Aramco Development has partnered Google Cloud to bring its cloud services to Saudi Arabian customers, Aramco announced on Monday.

Mon, 21 Dec 2020 16:47:09 GMT

IBM to acquire EU's Nordcloud

International Business Machines is set to acquire Nordcloud, the European cloud start-up, the computing giant announced on Monday, not disclosing the financial details of the deal.

Mon, 21 Dec 2020 15:42:31 GMT

US airline stocks drop on new COVID-19 strain

On Monday, shares of the US airlines dropped in premarket trading on the news about new rapidly-spreading coronavirus strain in the UK, which sparked fears over widespread travel bans, with many countries already closing borders.

Mon, 21 Dec 2020 15:25:09 GMT

Biden appoints extra NEC members

On Monday, the US President-Elect Joe Biden appointed additional members of the National Economic Council, according to the statement made by his transition team.

Mon, 21 Dec 2020 14:09:07 GMT

GBP/USD decline reaches 1.3200 mark

The Pound has been continuously declining against the US Dollar since Thursday, as the country struggled to negotiate trade with the EU and battle the coronavirus.

Mon, 21 Dec 2020 13:28:42 GMT

World shuts its borders to UK

On Monday, many countries have closed the borders to the UK due to fears over a new coronavirus strain that heightened global panic, triggering travel chaos.

Mon, 21 Dec 2020 12:32:56 GMT

Crude oil prices fall

On Monday, crude oil price benchmarks dropped by nearly $3, as travel restrictions to the UK were expected to decrease demand.

Mon, 21 Dec 2020 11:24:41 GMT

Congress votes on stimulus

On Monday, the US Congress was set to vote on a $900 billion coronavirus aid package.

Mon, 21 Dec 2020 10:17:13 GMT

Shell to cut oil and gas assets

On Monday, Royal Dutch Shell stated it was planning to write down its gas and oil assets' value by $3.5B to $4.5B after 2020 impairments as the company adjusts to a lower outlook.

Mon, 21 Dec 2020 09:29:36 GMT

Tesla to debut into S&P on Monday

On Monday, Tesla is set to debut into the S&P 500 index, following the electric carmaker's shares surged to their record-high level on Friday in its frantic trading day.

Mon, 21 Dec 2020 08:11:20 GMT

Amazon closes US facility till December 26

Amazon.com shut its New Jersey's warehouse till December 26, due to growing number of asymptomatic positive cases among its workers.

Mon, 21 Dec 2020 07:34:13 GMT

Lockheed Martin tot buy Aerojet Rocketdyne

Lockheed Martin agreed on Sunday to acquire Aerojet Rocketdyne, the US rocket engine manufacturer, in a deal worth $4.4B, including net cash and debt.

Mon, 21 Dec 2020 06:02:54 GMT

Crude oil prices decline on Monday

Crude oil prices edged lower on Monday. Brent crude declined by 1.9% to $51.29 a barrel at 01:03 GMT, while the US West Texas Intermediate fell by 1.7%.

Mon, 21 Dec 2020 05:00:47 GMT

US Congress strikes stimulus deal

On Sunday, Republican and Democratic congressional leaders said they had reached an agreement on a $900 billion coronavirus relief package.

Mon, 21 Dec 2020 04:02:53 GMT

Barnier comments on Brexit trade talks

On Sunday, the EU chief Brexit negotiator Michel Barnier stated that negotiations with the United Kingdom on a post-Brexit trade agreement were at a crucial moment.

Mon, 21 Dec 2020 02:32:53 GMT

UK says EU should shift stance on trade talks

On Sunday, the UK Health Minister Matt Hancock called on the European Union to shift its position in post-Brexit trade negotiations.

Sun, 20 Dec 2020 21:34:25 GMT

US to replace Huawei's equipment

According to a source familiar with the matter, the US government is planning to initiate a $1.9B program that would substitute Huawei's telecom equipment.

Sun, 20 Dec 2020 20:34:33 GMT

US to spend $15B on airlines support

The US government is expected to issue additional $15B to help local airlines to keep their payroll obligations.

Sun, 20 Dec 2020 19:34:33 GMT

Europe to close borders with UK

On Sunday, Germany, Italy and the Netherlands decided to stop air traffic with the United Kingdom amid the coronavirus outbreak in the latter.

Sun, 20 Dec 2020 17:45:59 GMT

Putin addresses foreign intelligence service

As a Russian cyber-attack scandal was taking place in the US, the President of Russia Vladimir Putin addressed the foreign intelligence services and stressed their importance.

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