News

Note: This section contains information in English only.
Wed, 29 Jul 2020 16:00:33 GMT

India largest car manufacturer reports first loss in 17 years

Maruti Suzuki, the largest car manufacturer in India, announced a first net loss in 17 years in the second quarter of 2020, data published by the company show.

Wed, 29 Jul 2020 15:33:35 GMT

Hong Kong economy declines

The economy of Hong Kong contracted 9% in the second quarter of 2020, compared to the same period the prior year, official data show.

Wed, 29 Jul 2020 13:47:26 GMT

Spotify hits 138M paid subscribers on higher demand

Spotify Technology reported on Wednesday it had gained 138M paid subscribers in the Q2, as music streaming service's demand had rebounded after the coronavirus-related weakness.

Wed, 29 Jul 2020 12:41:02 GMT

General Dynamics posts 22.5% fall in profit

On Wednesday, General Dynamics, the defence contractor, reported a 22.5% drop in its Q2 profit to $625M, or $2.18 for a share, tumbled by weaker sales in the company's IT and aerospace units.

Wed, 29 Jul 2020 11:48:39 GMT

US refiners see worst Q2 results in ten years

US oil refiners are expected to post their worst Q2 results since 2010, as the production outran the demand during the coronavirus crisis, hitting auto and air travel sectors.

Wed, 29 Jul 2020 11:26:04 GMT

Tesla open to supply carmakers with batteries

Tesla's CEO Elon Musk stated that the electric carmaker was open to supply batteries and powertrains to other companies, seeking to accelerate sustainable energy, not hurting the competition.

Wed, 29 Jul 2020 09:43:42 GMT

CES tech show to be held online in 2021

The largest tech show CES conducted in Las Vegas every January will be held online only next year amid the coronavirus pandemic concerns, its organiser Consumer Technology Association announced.

Wed, 29 Jul 2020 08:43:22 GMT

McDonald's Japan unit shares drop 10%

Shares of the McDonald's Japanese affiliate plunged 10% on Wednesday, following the US fast-food company's announcement about a stake cut in the publicly listed overseas division amid intention to boost its finances.

Wed, 29 Jul 2020 07:58:27 GMT

South Korea starts safety inquiry into Tesla cars

South Korea has launched an investigation into the alleged safety issues with cars produced by Tesla, the major competitor to Hyundai Motor in South Korea's EV market.

Wed, 29 Jul 2020 06:57:51 GMT

Google, Orange form partnership

France's largest telecoms company Orange and Alphabet's Google announced their strategic partnership on providing data, cloud computing and Ai services to the European market.

Wed, 29 Jul 2020 05:59:02 GMT

China's Ctrip seeks delisting from Nasdaq

Ctrip, the Chinese online travel titan, has entered talks with investors over funding the company's delisting from Nasdaq due to growing tensions between China and the United States.

Wed, 29 Jul 2020 04:51:51 GMT

EBay tops Q2 sales forecasts

EBay topped Wall Street's estimates for its Q2 revenue results and raised its annual outlook, driven by a surge in the e-commerce company's online shopping during the coronavirus-led lockdowns.

Wed, 29 Jul 2020 03:52:47 GMT

L Brands to trim 15% of corporate workforce

L Brands is planning 850 layoffs, which are 15% of the company's corporate workforce, while also anticipating a smaller-than-expected fall in its Q2 sales, and sending shares up 17% on the news.

Wed, 29 Jul 2020 03:04:34 GMT

Amgen Q2 revenue climbs 6%

Amgen reported a 6% growth in its Q2 revenue on higher sales of its newer drugs, with the results being largely in line with the forecasts, while shares fell about 2% in the extended trading.

Tue, 28 Jul 2020 22:26:31 GMT

Starbucks sees business recovering

Starbucks said its global business was recovering steadily as the company reopened most of the stores after easing of the coronavirus-led restrictions.

Tue, 28 Jul 2020 19:56:50 GMT

Italy to extend emergency period

Italy's parliament endorsed the request of the Prime Minister to prolong the state of emergency until October 15 to prevent the likelihood of a returning spread of the virus.

Tue, 28 Jul 2020 19:10:28 GMT

Virgin Galactic unveils its plane's cabin

The British spaceflight company, founded by Sir Richard Branson and Burt Rutan, revealed the interior of its space aircraft on Tuesday, a ticket will cost $250K per passenger.

Tue, 28 Jul 2020 17:59:01 GMT

COVID-19 weakens US consumer confidence

The US consumer confidence stepped down more than anticipated in July due to the surge in coronavirus cases, consumers are pessimistic about the prospects over the subsequent half of the year.

Tue, 28 Jul 2020 17:23:58 GMT

Apple's CEO faces App Store criticism

On Wednesday, the US lawmakers will question Apple Inc's CEO Tim Cook regarding the possibly unfair company's practices on the App Store.

Tue, 28 Jul 2020 15:44:04 GMT

Ctrip considers delisting from Nasdaq

China's Ctrip was in talks with investors over financing its delisting from Nasdaq due to rising US-China tensions and the coronavirus-driven hit to business.

Tue, 28 Jul 2020 14:43:08 GMT

Spain's Endesa reports 45% profit jump

Spain's utility Endesa SA reported a 45% increase in H1 net profit to €1.13B amid cost savings after getting a collective-bargaining deal with staff.

Tue, 28 Jul 2020 14:06:32 GMT

Lucid Motors to offer semi-automated sedan in 2021

Tesla's rival Lucid Motors is building a new Air luxury EV equipped with a semi-automated assistance system, seeking to launch it in early 2021, the carmaker stated on Tuesday.

Tue, 28 Jul 2020 13:35:04 GMT

McDonald's posts drop in global sales

McDonald's reported on Tuesday its global same-store sales dropped more than expected, while its profit also missed the forecasts due to restaurant shutdowns triggered by the coronavirus pandemic.

Tue, 28 Jul 2020 12:25:26 GMT

Pfizer lifts 2020 forecast on profit results

On Tuesday, Pfizer Inc topped analysts' forecasts for its Q2 profit and raised its annual outlook, on rising demand for the company's blood thinner Eliquis and cancer drug Ibrance.

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