AmEx profit plunges 85% on pandemic effect

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Source: Dukascopy Bank SA
American Express, the credit card issuer, posted an 85% plunge in its quarterly profit after setting aside about $628M amid potential flood of defaults triggered by the coronavirus-led layoffs.
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Sat, 25 Jul 2020 05:41:21 GMT

US, Russia to conduct space security talks next week

Russia and the United States are set to hold bilateral talks next week regarding space security, their first such negotiations since 2013, after Washington alleged that Russia had tested an anti-satellite weapon earlier this month.

Sat, 25 Jul 2020 03:50:29 GMT

Intel shares drop on manufacturing retreat

Intel's shares dropped as much as 15% after the American chipmaker signalled it is likely to give up producing its own components due to falling far behind the schedule for the development of its newest technology.

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