News

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Thu, 13 Aug 2020 11:50:13 GMT

Chevron makes investment in Zap Energy

The oil giant Chevron made an investment in the nuclear fusion start-up Zap Energy, joining Italy's ENI and Norway's state oil group Equinor who had backed such companies in order to decrease their carbon footprint.

Thu, 13 Aug 2020 11:10:08 GMT

Lenovo Q1 profit tops estimates

China's Lenovo Group reported a 31% surge in its Q1 net profit on Thursday, topping analysts' expectations, adding it was considering options of emerging from remote education and working.

Thu, 13 Aug 2020 09:46:50 GMT

European shares decline

During Thursday's European trading hours, stock indices declined, as a retracement back was strengthened by a drop in Airbus shares.

Thu, 13 Aug 2020 08:41:04 GMT

Cisco's Q1 estimates disappoint

Cisco Systems is expecting its Q1 net profit and revenue below Wall Street's forecasts, laying out a new restructuring plan amid the COVID-19 crisis that forced the firm's clients to refrain from spending.

Thu, 13 Aug 2020 07:43:10 GMT

Airbus shares drop on US tariff measures

On Thursday, the European planemaker Airbus shares plunged 2.1% after the US government's announcement it would keep its 15% tariffs on Airbus jets as well as 25% tariffs on the EU goods.

Thu, 13 Aug 2020 06:21:21 GMT

Nikola open to collaboration with Hyundai

Nikola the US electric commercial truck manufacturer, is open to cooperation with Hyundai Motor on hydrogen technology, after a media report that revealed it had contacted the Korean carmaker on the matter.

Thu, 13 Aug 2020 05:06:25 GMT

Australia's unemployment jumps in July

Australia's unemployment rate increased 7.5% in July to the highest level in 22 years, with new coronavirus infections threatening the outlook.

Thu, 13 Aug 2020 04:18:35 GMT

India's Reliance wants to invest in TikTok

China's ByteDance was in early negotiations with Reliance Industries for investment in TikTok's Indian business, TechCrunch reported.

Thu, 13 Aug 2020 03:45:55 GMT

ESG index to be launched at Tadawul

Tadawul, Saudi Arabia's stock exchange, announced plans to launch an ESG index in cooperation with MSCI, the global index provider, by the end of 2020 or later.

Wed, 12 Aug 2020 20:44:56 GMT

EZ industrial production up 9.1%

Manufacturing production in the Euro zone grew 9.1% in June, following a 12.3% increase in May, driven by higher durable goods production, such as fridges and cars.

Wed, 12 Aug 2020 19:48:10 GMT

TUI gets extra €1.2B aid package

Travel company TUI stated that the German government agreed on a €1.2B aid package to boost its finances and ensure that the company survives into 2021.

Wed, 12 Aug 2020 19:11:48 GMT

US CPI grows 0.6% in July

The US Consumer Price Index rose more than anticipated 0.6% in July due to broad gains in the costs of goods and services.

Wed, 12 Aug 2020 18:22:50 GMT

Saudi Aramco to cut spending further

Saudi Aramco announced plans to cut capital spending to $20B-$25B in 2020 to pay a $75B dividend it promised to investors during its IPO last year.

Wed, 12 Aug 2020 16:42:44 GMT

Goldman seeks buying GM's credit card unit

Goldman Sachs Group is among bidders to acquire General Motors' credit card business, seeking to double bet on its consumer banking unit, according to the Wall Street Journal's report seen on Wednesday.

Wed, 12 Aug 2020 15:41:07 GMT

Microsoft to launch new phone sales on Sept 10

On Wednesday, Microsoft Corp announced its dual-screen Android phone Surface Duo would be launched in stores from September 10 at the price of $1,399.

Wed, 12 Aug 2020 15:13:58 GMT

Just Eat Takeaway results surge in H1

Just Eat Takeaway.com, the European food-ordering company, reported stronger revenue and profit results for the current year's first half, thanks to the COVID-19 lockdown that boosted online orders.

Wed, 12 Aug 2020 14:33:55 GMT

Tencent tops Q2 net profit estimates

Tencent Holdings, the Chinese social media and gaming giant, reported on Wednesday its Q2 net profit surged 37%, topping market expectations, driven by higher demand for the group's video games during the coronavirus lockdown.

Wed, 12 Aug 2020 13:10:00 GMT

TikTok likely to be deleted from US app stores

The US President Donald Trump's ban of China's short-video app TikTok could cut it off from the US app stores and make advertising illegal, the White House document showed on Wednesday.

Wed, 12 Aug 2020 12:36:21 GMT

UK's NatWest trims over 500 jobs

Britain's NatWest is trimming over 500 job positions in its retail business, while also shutting down one of the company's remaining offices based in London, blaming loan losses amid the coronavirus pandemic.

Wed, 12 Aug 2020 11:15:45 GMT

UK sees positive progress in US trade talks

On Wednesday, Britain sees positive progress in its trade talks with the US after the latest round, with both sides agreeing to continue negotiations in the following months.

Wed, 12 Aug 2020 09:41:34 GMT

Tencent beats profit forecasts

On Wednesday, the Chinese giant Tencent Holdings beat market earnings forecasts by announcing a quarterly profit rise of 37%.

Wed, 12 Aug 2020 09:31:16 GMT

British economy drops 20% in Q2

Britain's economy plunged as much as 20.4% in the second quarter due to the coronavirus lockdown, marking the biggest contraction compared to other major economies so far, according to the ONS.

Wed, 12 Aug 2020 08:33:31 GMT

Polestar seeks public listing eventually

The premium EV maker owned by Volvo Cars and China's Geely, Polestar, is seeking publicly listing eventually, but has to shift its focus on a new Polestar 2 electric car launch, the startup's CEO said.

Wed, 12 Aug 2020 06:48:18 GMT

Toshiba hits four-year record in operating loss

Toshiba Corp, the Japanese industrial conglomerate, reported a quarterly operating loss, its first in almost four years, as the COVID-19 pandemic affected demand for the company's copiers, electronic devices and chip-making equipment.

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