News

Note: This section contains information in English only.
Thu, 03 Sep 2020 10:49:58 GMT

Inditex launches online sales at Lefties

On Thursday, Spain's Inditex has launched online sales at Lefties, its little-known budget label, granting the brand digital advantage over Primark, the discount fashion chain, in the market.

Thu, 03 Sep 2020 10:03:04 GMT

Amazon creates UK jobs

On Thursday, Amazon Inc. announced that the company would create 7,000 new jobs in the United Kingdom.

Thu, 03 Sep 2020 08:45:37 GMT

Intel unveils new laptop chips

Intel Corp launched its new generation version of "Tiger Lake," the flagship laptop chip, hoping it will help regain its lost market share, as well as counter the forthcoming Apple's machines with its own chips.

Thu, 03 Sep 2020 08:32:41 GMT

Tencent shares drop more than 2%

On Thursday, shares of the Chinese social media and gaming giant Tencent dropped over 2% after India's ban of 118 mobile apps that also included the company's popular videogame PUBG.

Thu, 03 Sep 2020 05:55:18 GMT

JPMorgan first to aquire China securities JV's stake

JPMorgan has the right to be the first buyer of the 20% stake in the China securities joint venture for $26.02M, according to a filing seen on Thursday.

Thu, 03 Sep 2020 05:37:06 GMT

UAL plans to furlough 16,370 workers

United Airlines announced it was preparing for the 16,370 worker furloughs on October 1 after the federal aid expires, as the COVID-19 pandemic continues to destroy the airline industry.

Thu, 03 Sep 2020 05:29:21 GMT

Amazon, Verizon may invest in Vodafone Idea

Amazon.com Inc and Verizon Communications considered more than $4B in investments to buy a stake in India's Vodafone Idea Ltd.

Thu, 03 Sep 2020 03:48:38 GMT

Cogeco's investors reject bid from Altice USA

Canada's cable company's top investor rejected Altice USA Inc's $7.9B offer to snap up the Cogeco Inc's US assets and sell the rest to Rogers Communications Inc.

Thu, 03 Sep 2020 03:30:55 GMT

Japan's August Services PMI falls to 45.0

Activity in Japan's services sector weakened in August, with the Services PMI inching down to 45.0, as uncertainty from the COVID-19 pandemic weighed over sentiment.

Wed, 02 Sep 2020 20:42:31 GMT

Skillz to go public on NYSE through merger

Mobile gaming company Skillz Inc is set to float shares on the NYSE through the merger with blank-check firm Flying Eagle, which will value the firm at around $3.6B.

Wed, 02 Sep 2020 20:26:12 GMT

Unilever to remove fossil fuels from its products

Unilever Plc is set to invest €1B to remove fossil fuels from products by 2030, decreasing the carbon emissions created by the chemicals used in production.

Wed, 02 Sep 2020 19:17:16 GMT

Commerzbank to drop EY as its auditor

Commerzbank became the latest firm to drop Ernst & Young as its auditor, following the Wirecard accounting scandal whose accounts EY signed off.

Wed, 02 Sep 2020 17:46:30 GMT

Ford to cut 1.4K jobs in US

Ford Motor Co announced its intention to eliminate 1.4K salaried jobs in the US by year-end within a multiyear $11B restructuring.

Wed, 02 Sep 2020 16:59:40 GMT

Ingka to invest to cut emissions

Ingka Group, one of the owners of IKEA stores, announced plans for sustainability-related investments of €600M over the next 12 months.

Wed, 02 Sep 2020 15:45:19 GMT

Lego sales up 14% in H1

Sales of Lego surged 14% in the first six months of 2020, while revenue grew only 7% to nearly $2.5B, the Danish toymaker reported.

Wed, 02 Sep 2020 14:51:04 GMT

Netflix, NMG team up for Russian service

Russia's National Media Group and treaming giant Netflix established a partnership to run the US group's service in Russia.

Wed, 02 Sep 2020 14:33:04 GMT

Flipkart launches wholesale service in India

On Wednesday, Walmart's Flipkart has rolled out its online wholesale service on the back of the Indian company's plans to compete with Amazon in the e-commerce market.

Wed, 02 Sep 2020 13:13:36 GMT

Daimler to roll out new Mercedes-Benz S-Class

Daimler is set to launch its new Mercedes-Benz S-Class sedan on Wednesday, raising hopes the new model will return the German automaker to the profitability in 2021 after weak high-end car demand during the pandemic.

Wed, 02 Sep 2020 12:03:54 GMT

Citi China gets fund custody licence

China's Securities Regulatory Commission has granted Citigroup's Chinese unit with a local fund custody licence, according to the lender's statement made on Wednesday.

Wed, 02 Sep 2020 10:41:13 GMT

AT&T explores Xandr ad unit sale

AT&T is considering to sell Xandr advertising unit due to its restructuring plans to become a media and ad powerhouse transforming from the wireless carrier.

Wed, 02 Sep 2020 10:03:04 GMT

German publishes retail sales data

On Wednesday, the German retail sales data revealed a decline in July, which was not expected. Due to that reason a decline in EUR occurred.

Wed, 02 Sep 2020 08:47:03 GMT

Domino's names new permanent CFO

On Wednesday, Britain's Domino's Pizza Group has appointed Neil Smith as its permanent interim CFO to succeed David Bauernfeind, who passed away last year.

Wed, 02 Sep 2020 07:43:58 GMT

Nvidia unveils new gaming chips

Nvidia Corp unveiled new powerful gaming chips that had been designed by using Micron Technology's new memory tech and were manufactured by Samsung Electronics.

Wed, 02 Sep 2020 07:26:31 GMT

Ryanair's traffic rises 59% mom in August

Ryanair reported the number of passengers it flew surged 59% month-over-month to 7M in August after returning to more regular schedule; however, still marking a weaker reading compared to the prior year's same period.

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