News

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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.

Sun, 05 Apr 2020 07:30:50 GMT

US banks cut dividends

On Saturday, a report published by Reuters revealed that due to the recent surge in US unemployment US banks could cut dividend payments.

Sun, 05 Apr 2020 05:41:09 GMT

McConnell hints at another stimulus package

The Leader of the US Senate Majority Mitch McConell revealed on Friday that the US Congress would work on an additional coronavirus relief law.

Sun, 05 Apr 2020 05:30:49 GMT

Tesla cuts contract workers

On Saturday, CNBC revealed that Tesla Incorporated has been reducing contract based worker amount in its US production plants.

Sun, 05 Apr 2020 03:41:02 GMT

Saudi Energy Minister comments on OPEC+ deal

The Energy Minister of Saudi Arabia Prince Abdulaziz bin Salman stated in a response to Russian announcements that Russia was the first to withdraw from an OPEC+ deal.

Sun, 05 Apr 2020 03:30:56 GMT

OPEC+ plans major production cut

On Friday, OPEC and its allied oil producing countries revealed that they are planning an unprecedented 10% global crude oil production cut.

Sat, 04 Apr 2020 20:41:15 GMT

Saudi Arabia denies Putin's claims

On Saturday, the Foreign Minister of Saudi Arabia denied Vladimir Putin's statement about Saudi withdrawal from OPEC+ deal.

Sat, 04 Apr 2020 19:57:34 GMT

Airlines apply for payroll subsidies

On Friday, major US airlines applied for US Treasury payroll grants that should keep workers employed, as some experts warned that the funds would not be enough.

Sat, 04 Apr 2020 19:01:42 GMT

World Bank comments on recession

On Friday, the President of the World Bank Group David Malpass stated that due to the COVID-19 pandemic the world should expect a major global recession.

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