News

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Thu, 16 Jul 2020 09:30:47 GMT

GVC's CEO to step down on Thursday

GVC Holdings announced on Thursday its long-time CEO Kenny Alexander will depart after 13 years being at this role and building the group into world's top largest gambling businesses.

Thu, 16 Jul 2020 07:57:00 GMT

German online fashion retailer Zalando raises full year guidance

On Wednesday, Zalando, the German online retailer, has raised its full-year earnings guidance, as the COVID-19 pandemic encourages more people to do shopping online.

Thu, 16 Jul 2020 06:52:38 GMT

Chinese economy rebounds in Q2

China's economy has returned to its growth in the Q2 after a deep plunge at the current year's start, but investment and domestic consumption remained sluggish as the coronavirus crisis had hit hard the country's sectors.

Thu, 16 Jul 2020 06:34:58 GMT

Tesla's California registrations drop in Q2

Tesla's car registrations in California nearly halved during the Q2, as the coronavirus outbreak affected car sales and production, data from the marketing research firm Cross-Sell showed.

Thu, 16 Jul 2020 05:29:35 GMT

Google adds more tools into Gmail

Google said that its corporate Gmail customers will be able to edit files without leaving the email service, aiming to attract clients from rivals by making tools more integrated.

Thu, 16 Jul 2020 04:27:48 GMT

France to slash business taxes

The government of France is set to cut taxes French firms have to pay in addition to corporate income tax by €20B over the next two years.

Thu, 16 Jul 2020 03:30:00 GMT

PSA, Fiat Chrysler to emerge as Stellantis

The combined company resulting from the merger of France's Peugeot owner PSA and Fiat Chrysler Automobiles is expected to be called Stellantis, the automakers announced.

Wed, 15 Jul 2020 21:07:23 GMT

Zalando increases full year guidance

Germany's online fashion retailer Zalando raised its full-year earnings guidance, expecting GMW to jump 20% to 25% and revenue growth of 15% this year.

Wed, 15 Jul 2020 19:48:38 GMT

Burberry to slash 500 positions

Luxury brand Burberry announced that it would slash nearly 500 jobs globally, including 150 UK-based office roles, as it expected no rapid recovery in demand.

Wed, 15 Jul 2020 18:50:41 GMT

Canada's home sales up 63% in June

Canadian home sales grew 63% in June from the prior month, the Canadian Real Estate Association stated, as buyers and sellers kept returning to the market after lockdowns.

Wed, 15 Jul 2020 17:50:30 GMT

Navistar, TuSimple to co-develop trucks

Navistar International acquired a minority stake in TuSimple and intended to co-develop self-driving trucks by 2024 to roll out the US autonomous freight network.

Wed, 15 Jul 2020 16:52:45 GMT

Canada factory sales jump 10.7% in May

Canada's factory sales increased a record 10.7% in May from April, though remained below the pre-pandemic level, Statistics Canada reported.

Wed, 15 Jul 2020 16:23:29 GMT

BoC sees no economic recovery until 2022

The Bank of Canada held rate unchanged at 0.25% on Wednesday, adding that economic growth is unlikely to return to pre-pandemic levels until 2022.

Wed, 15 Jul 2020 14:49:15 GMT

US import prices gain 1.4% in June

The US import prices rose 1.4% in the prior month, the biggest increase since 2012, due to a surge in the cost of fuel.

Wed, 15 Jul 2020 14:16:48 GMT

Chipotle to hire 10K workers amid expansion

On Wednesday, Chipotle Mexican Grill announced it was planning to hire 10K workers over the next couple of months, seeking to support the drive-thru expansion.

Wed, 15 Jul 2020 13:36:27 GMT

Over 2.5K games deleted from Apple's App Store in China

Over 2.5K mobile games were deleted from Apple's app store in China during July's first week, after Apple shut down a loophole in order to comply with the local licence requirements, according to the SensorTower data.

Wed, 15 Jul 2020 12:29:46 GMT

Google buys stake in Reliance's Jio Platforms

Alphabet's Google is set to acquire a 7.7% stake worth $4.5B in Reliance's Jio Platforms, helping the digital unit realise its ambitions, Reuters reported on Wednesday.

Wed, 15 Jul 2020 10:49:45 GMT

CK, TH owner PVH plans 450 layoffs

PVH Corp, the owner of Calvin Klein and Tommy Hilfiger brands, is planning 450 layoffs in North America, while also intends to close 162 retail stores of the giant's business, which houses such brands as IZOD and Van Heusen.

Wed, 15 Jul 2020 09:59:54 GMT

Nissan launches Ariya electric SUV on Wednesday

On Wednesday, Nissan Motor has released its new Ariya electric sports-utility vehicle, the first brand-new global model in the last five years, fostering hope it would help the company to recover after over a year-long decline into the earnings losses.

Wed, 15 Jul 2020 08:43:04 GMT

NYT to shift part of HK office to Seoul

The New York Times is planning to move part of the Hong Kong office to South Korea's Seoul, two weeks after Beijing imposed its new national security legislation.

Wed, 15 Jul 2020 07:41:41 GMT

Hyundai Motor shares jump about 8%

Hyundai Motor shares surged almost 8% on Wednesday, following South Korea's announcement of a new "green deal" that would accelerate the use of the environmentally-friendly vehicles.

Wed, 15 Jul 2020 06:44:08 GMT

Delta sees flight demand stalling as virus resurges

Delta Air Lines is expecting its Q3 flight capacity and revenue to be about 20%-25% of the last summer, as demand stalling due to a resurge in the number of coronavirus cases.

Wed, 15 Jul 2020 06:08:29 GMT

Trump has no interest in Phase 2 deal talks

Donald Trump claimed he had no interest in talks over the Phase 2 deal with China, CBS News reported, citing the US President.

Wed, 15 Jul 2020 04:42:43 GMT

Spotify launched in Russia and 12 other regions

Spotify Technology has expanded to Russia and 12 other countries by launching music streaming service in these regions, following the company's expansion strategy after entering India last year.

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