News

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Sat, 11 Apr 2020 08:10:24 GMT

Apple, Google prepare tracking tech

Apple and Google stated on Saturday that they would create a technology capable of tracking user's contacts with other people in order to help to contain the spread of the virus.

Sat, 11 Apr 2020 07:07:20 GMT

Obrador says US offered to help Mexico in cuts to oil output

On Friday, the Mexican President Andres Manuel Lopez Obrador said that the United States agreed to cut output by 250,000 barrels a day to assist Mexico to commit to the global reductions.

Sat, 11 Apr 2020 05:48:35 GMT

Austria says recovery fund should not lead to coronabonds

On Friday, Austria's Finance Minister Gernot Bluemel said that he hoped the coronavirus recovery fund would not be used as a back door for coronabonds.

Sat, 11 Apr 2020 04:49:44 GMT

Envision Healthcare hires financial adviser

According to sources with knowledge of the matter, KKR's Envision Healthcare Corp has hired a bank to explore ways on debt restructuring.

Sat, 11 Apr 2020 03:51:50 GMT

Portugal to extend lockdown until May 1

On Friday, Portugal's President Marcelo de Sousa said that he plans to extend the coronavirus lockdown until May 1, as the number of confirmed COVID-19 cases in Portugal surged above 15,000.

Sat, 11 Apr 2020 02:53:39 GMT

Georgieva announces new external advisory group on pandemic

Kristalina Georgieva, the IMF Managing Director, has created a new advisory panel to provide information on monetary policy challenges on the coronavirus crisis.

Fri, 10 Apr 2020 21:00:55 GMT

Russia and Saudi Arabia look to finalise output cuts

Russia, Saudi Arabia and others in the OPEC+ group would pressure Mexico to join the crude oil supply cuts and will also press the United States to get involved.

Fri, 10 Apr 2020 20:06:33 GMT

UK appears to be sticking to EU deal timeline

On Friday, Ireland's Minister of Finance Paschal Donohoe said that he thinks the United Kingdom would not be changing the timeline they have concerning Brexit.

Fri, 10 Apr 2020 18:55:25 GMT

Bluemel says recovery fund should not lead to coronabonds

On Friday, the Austrian Finance Minister Gernot Bluemel said that the coronavirus recovery fund should not be used as a backdoor to coronabonds.

Fri, 10 Apr 2020 17:53:56 GMT

Birol hopes G20 meeting would help stabilise oil markets

Fatih Birol, the Executive Director of the International Energy Agency, said in a statement on Friday that he hoped the meeting of G20 Energy Ministers would help restore stability to crude oil markets.

Fri, 10 Apr 2020 16:58:45 GMT

Envision Healthcare hires financial adviser

According to sources with knowledge of the matter, KKR's Envision Healthcare Corp has hired a bank to explore ways on debt restructuring.

Fri, 10 Apr 2020 15:58:35 GMT

Le Maire says rescue plan to be financed by jointly issued debt

On Friday, the French Finance Minister Bruno Le Maire said that the coronavirus rescue fund would be financed by a jointly issued debt.

Fri, 10 Apr 2020 14:58:19 GMT

EU's Finance Ministers reach deal on coronavirus rescue plan

The European Union Finance Ministers agreed on Thursday night to half a trillion Euros worth of new measures to fight the impact of the COVID-19 pandemic of the economy.

Fri, 10 Apr 2020 13:58:43 GMT

Biden proposes Medicare expansion and forgiving student debt

On Thursday, Democratic US Presidential candidate and the former Vice President Joe Biden proposed expanding Medicare access and forgiving student loan for lower-income Americans.

Fri, 10 Apr 2020 12:59:53 GMT

Ireland to relax coronavirus lockdown little by little

Ireland is set to ease the coronavirus lockdown restrictions step by step, the country's senior health official announced on Friday.

Fri, 10 Apr 2020 11:41:41 GMT

Tesla posts record high China sales in March

Tesla reported its China car sales hit record high of 10,160 vehicles in March, which is around 30% of its battery electric cars sold in the country.

Fri, 10 Apr 2020 10:50:23 GMT

Airbus delays plan to create new A321 jet assembly line

Airbus decided to shelve its plans to build a new A321 airliner assembly line in France, as the planemaker is struggling with negative impact caused by the coronavirus crisis.

Fri, 10 Apr 2020 10:10:46 GMT

FCA, PSA step up work on closing merger

Fiat Chrysler and PSA Group are accelerating their work to close the merger deal in spite of the coronavirus crisis, Carlos Tavares, PSA's CEO, stated.

Fri, 10 Apr 2020 09:29:18 GMT

Boeing likely to cut its workforce by 10%

Boeing is considering a potential 10% cut to its workforce, including buyouts, involuntary layoffs and early retirements, according to the Wall Street Journal report.

Fri, 10 Apr 2020 07:54:06 GMT

Reuters publishes oil price research

Reuters published on Thursday a compilation of analyst opinions, which revealed that, despite oil production cuts, crude oil prices are unlikely going to surge.

Fri, 10 Apr 2020 07:32:04 GMT

Saudi Arabia and Russia approach oil deal

On Thursday, OPEC and Russian sources revealed to news agencies that Russia and Saudi Arabia are close to reaching a 20 million barrel per day production cut.

Fri, 10 Apr 2020 05:42:14 GMT

Fiat reaches deal with worker unions

It was revealed on Thursday by Fiat Chrysler that the company has made a deal with employee unions on coronavirus measures in Italy.

Fri, 10 Apr 2020 05:30:52 GMT

OPEC+ works on new deal

On Thursday, Reuters revealed that OPEC+ countries were working on a two-year crude oil production cut.

Fri, 10 Apr 2020 03:43:50 GMT

France doubles stimulus

The government of France announced on Thursday that it would double its crisis stimulus package to 100 billion Euros.

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