News

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Sat, 04 Apr 2020 13:43:34 GMT

Workers accuse Exxon Mobil

On Saturday, a union of workers revealed that Exxon Mobil allegedly has been exploiting economic turmoil and used scare tactics in negotiations with employees.

Sat, 04 Apr 2020 12:58:48 GMT

US regulators ease mortgage rules

Supervisors of US banking services announced on Friday that they would not penalize mortgage issuers in the case of missing deadlines set for communication with borrowers.

Sat, 04 Apr 2020 11:53:37 GMT

Trump invokes Defense Production Act

On Saturday, the President of the United Stated Donald Trump issued an order to stop the exports of N-95 face masks by basing the order on the Defense Production Act.

Sat, 04 Apr 2020 11:25:24 GMT

Buffet sells airline stocks

On Friday, Warren Buffet's Berkshire Hathaway Incorporated revealed that it had sold parts of its shares of Delta Air Lines and Southwest Airlines.

Sat, 04 Apr 2020 09:43:05 GMT

Mexico announces stimulus measures

On Saturday, the President of Mexico Andres Manuel Lopez Obrador announced that the country has available $10 billion to fight the coronavirus.

Sat, 04 Apr 2020 08:41:32 GMT

US businesses apply for relief loans

On Friday US morning, US small and medium businesses started applying for the coronavirus bailout debt loans.

Sat, 04 Apr 2020 07:59:58 GMT

General Motors refinances loans

On Friday, General Motors Company stated that it would seek an extension of the maturity of the company's $6 billion debt.

Sat, 04 Apr 2020 06:58:25 GMT

Norway calls for more money to help Palestinian

On Friday, Norway's Foreign Minister Ine Eriksen Soereide called for more aid to help Palestinians to fight the coronavirus crisis.

Sat, 04 Apr 2020 06:11:32 GMT

Ukraine imposes new restrictions to combat coronavirus

On Friday, the Ukrainian government announced a series of new measures, designed to fight the spread of COVID-19 pandemic in the country.

Sat, 04 Apr 2020 05:03:12 GMT

UK's auto industry needs immediate cash

Mike Hawes, the Chief Executive of the Society of Motor Manufacturers and Traders, said on Friday that UK's automobile industry needs support from the government immediately.

Sat, 04 Apr 2020 04:05:05 GMT

King Salman orders $2.4B to pay wages of private-sector workers

According to the state-run SPA report published on Friday, the king of Saudi Arabia Salman bin Abdulaziz has ordered about $2.4 billion to pay 60% of the salaries of private-sector workers.

Sat, 04 Apr 2020 02:42:20 GMT

FedEx cuts CEO's wages

On Friday, FedEx Corp announced that its board had approved a 91% cut in the Chief Executive Officer's base salary for six-month, starting from April 1 to September 30.

Sat, 04 Apr 2020 01:29:41 GMT

3M to increase production of more face masks

On Friday, 3M Co announced that it would produce more face masks and ramp up imports to the United States after the US President Donald Trump invoked the Defense Production Act.

Fri, 03 Apr 2020 19:45:49 GMT

IEA chief comments on OPEC+ supply cuts

Fatih Birol, the Executive Director of the International Energy Agency, said on Friday that deep OPEC+ output cuts would not be enough to stop daily crude oil inventories build in the Q2.

Fri, 03 Apr 2020 18:51:07 GMT

Brent crude oil futures edge higher

On Friday, Brent crude futures edged higher by 8.9%, or $2.67, at $33.37 per barrel at 11:34 GMT on hopes that OPEC and its allies are working on a supply cut deal.

Fri, 03 Apr 2020 17:50:55 GMT

Norway calls for more money to help Palestinians

On Friday, Norway's Foreign Minister Ine Eriksen Soereide called for more aid to help Palestinians to fight the coronavirus crisis.

Fri, 03 Apr 2020 16:46:13 GMT

Ukraine imposes new restrictions to combat coronavirus

On Friday, the Ukrainian government announced a series of new measures, designed to fight the spread of COVID-19 pandemic in the country.

Fri, 03 Apr 2020 15:51:38 GMT

UK's auto industry needs immediate cash

Mike Hawes, the Chief Executive of the Society of Motor Manufacturers and Traders, said on Friday that UK's automobile industry needs support from the government immediately.

Fri, 03 Apr 2020 14:48:26 GMT

Google data shows drop in visits to public places

According to Google's location data reports made for 131 countries, the global visits to public places, such as shops and workplaces, plunged last month after the majority of governments issued the stay-at-home orders to decrease the coronavirus spread.

Fri, 03 Apr 2020 13:45:23 GMT

Avolon halts order for Boeing MAX, Airbus A330s jets

The aircraft leasing company Avolon cancelled its order for 75 Boeing 737 MAX jets and 4 Airbus A330s planes due to disruptions caused by the coronavirus outbreak, the Irish company stated said on Friday.

Fri, 03 Apr 2020 12:36:03 GMT

Samsung Elec closes US plant amid coronavirus

On Friday, Samsung Electronics announced it has halted operations at its home appliance plant located in the United States following two coronavirus-positive cases among its workers.

Fri, 03 Apr 2020 11:38:08 GMT

Facebook rolls out virus hoax detection service on WhatsApp

Facebook has launched a new service on the messaging platform WhatsApp in Italy designed to detect any hoaxes related to coronavirus, the US tech company said.

Fri, 03 Apr 2020 10:20:26 GMT

Fed faces credit issues

A report published by Reuters on Friday, revealed that the US Federal Reserve is facing various decision issues in regards to giving out recently revealed $4 trillion credit.

Fri, 03 Apr 2020 08:51:06 GMT

Sweden's H&M expects loss in Q2 amid coronavirus

Sweden's H&M reported a 46% drop in March sales on Friday, blaming the coronavirus pandemic and adding it expected to bear losses in its Q2.

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