News

Note: This section contains information in English only.
Fri, 08 May 2020 05:48:58 GMT

Amazon to extend French warehouses closure

Amazon is planning to extend the shutdowns of its six warehouses located in France until May 13, after the company closed them on April 16 due to the COVID-19 outbreak.

Fri, 08 May 2020 05:01:30 GMT

Dropbox Q1 results top estimates

Dropbox Inc's Q1 revenue and profit results topped Wall Street forecasts due to a rising number of paying customers during the lockdowns, sending the file-hosting company's shares up 4%.

Fri, 08 May 2020 03:51:07 GMT

Ford to resume North America output from May 18

The US carmaker Ford Motor announced its plans to resume operations and production in North America as soon as May 18, adding it would start bringing back employees whose work cannot be done remotely.

Fri, 08 May 2020 03:08:09 GMT

Airbus deliveries drop 80% last month

Airbus deliveries plunged as much as 80% to 14 planes in April from the same month last year, as the company's operations were hurt by the coronavirus pandemic, Airbus data showed.

Fri, 08 May 2020 00:14:45 GMT

Fed views little sign of economic recovery

Raphael Bostic, the Atlanta Federal Reserve Bank's President, stated he was expecting little sign of the economic resurgence, despite US states started to reopen.

Thu, 07 May 2020 19:45:19 GMT

Rolls-Royce considers job cuts as market shrinks

The UK aero-engine maker Rolls-Royce said that it expects to slash some of workforce due to the slump in the global aerospace market.

Thu, 07 May 2020 18:50:09 GMT

UK Next plans beauty shops in Debenhams ex-stores

The UK clothing retailer Next announced plans to open first standalone beauty shops by taking space in some former stores of Debenhams.

Thu, 07 May 2020 18:08:24 GMT

Italian retail sales decline 20.5% in March

Italian retail sales fell 20.5% month-over-month in March, following a 0.9% increase in February, the ISTAT said.

Thu, 07 May 2020 17:11:46 GMT

Norway's CB cuts rates to historic low of 0%

Norway's central bank slashed the key interest rate to 0% from 0.25%, aiming to protect economy from the COVID-19 crisis.

Thu, 07 May 2020 15:43:12 GMT

H&M sales tumble 57% year-over-year

Sales of Sweden's fashion retailer H&M decreased 57% from the prior year during the period from March 1 to May 6, as the company's stores remained closed.

Thu, 07 May 2020 14:56:27 GMT

German industry output falls 9.2% in March

Germany's industry output declined 9.2% in March, the fastest fall on record, as demand for goods decreased markedly.

Thu, 07 May 2020 13:45:23 GMT

Harley-Davidson appoints Jochen Zeitz as new head

Harley-Davidson Inc, the famous motorcycle maker, has appointed Jochen Zeitz as its Chief Executive Officer on Thursday, after Zeitz serving as the company's acting CEO and the president since February 2020.

Thu, 07 May 2020 13:32:52 GMT

Wall Street set to open higher on Chinese results

On Thursday, Wall Street's major indexes have been set to jump after a surprise climb in China's exports and a rise in oil prices gave hope for an economic recovery.

Thu, 07 May 2020 12:22:08 GMT

Apple awards $10M to COPAN Diagnostics

On Thursday, Apple Inc announced it had awarded $10M to COPAN Diagnostics, the nasal swabs maker, aiming to boost COPAN's production of kits for collecting Covid-19 tests samples to 1M per week by the start of July.

Thu, 07 May 2020 10:35:30 GMT

PayPal expects strong Q2 results

On Thursday, PayPal Holdings Inc stated it was expecting a robust recovery in its Q2 payments volumes amid surging demand for online shopping, despite lockdowns started to ease, raising firm's shares 8% in the extended trading.

Thu, 07 May 2020 09:23:12 GMT

World food prices plunge in April

Global food prices fell sharply for the third month in succession in April, tumbled by the logistical and economic impact of the COVID-19 pandemic, according to the United Nations food agency's data.

Thu, 07 May 2020 08:14:51 GMT

Bank of England comments on decline

On Thursday, the Bank of England stated that it is expecting the biggest UK economic decline experienced during the last 300 years.

Thu, 07 May 2020 06:46:11 GMT

AB InBev expects 'materially worse' Q2 as profit drops

Anheuser-Busch InBev, the biggest beer maker in the world, posted a decline in its Q1 profit as the coronavirus lockdowns curbed drinking, adding that the next quarter was expected "materially worse".

Thu, 07 May 2020 06:34:51 GMT

T-Mobile tops phone subscriber outlook

T-Mobile US reported it beat the estimates for its monthly bill paying subscribers in the Q1 on a surging demand for the cheaper phone services during the coronavirus lockdowns.

Thu, 07 May 2020 04:54:51 GMT

China's exports up 3.5% year-on-year

China's exports rose 3.5% on a yearly basis in April, confounding expectations for a fall, as factory production recovered after the coronavirus pandemic, while imports dropped 14.2%.

Thu, 07 May 2020 03:43:53 GMT

EZ business activity drops to record low in April

IHS Markit's final Composite PMI for the Euro zone plummeted to the lowest level on record 13.6 in April from March's 29.7, suggesting that business activity almost ground to a halt.

Thu, 07 May 2020 03:29:50 GMT

China's Geely reveals 2% rise in sales

Geely Automobile Holdings announced that it sold 105.46K vehicles in April, 2% increase from the same period in 2019, as the auto market recovered from the coronavirus crisis.

Wed, 06 May 2020 21:33:29 GMT

Aramco to deal with group of banks on $10B loan

Saudi Aramco is expected to finalise a $10B loan with group of 10 banks, as the oil major was seeking for cash due to record low prices of oil.

Wed, 06 May 2020 20:00:31 GMT

US private sector cuts 20.2M jobs

Private companies in the US cut 20.2M jobs in April amid the coronavirus pandemic, US payroll data company Automatic Data Processing reports.

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