News

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Fri, 03 Apr 2020 07:58:52 GMT

Oil, shares slide on investor doubts over Saudi-Russia deal

On Friday, oil prices declined, making Asian stocks to lower as well, amid growing doubts over the Saudi Arabia-Russia oil price deal that had been brokered by the US President Donald Trump a day earlier.

Fri, 03 Apr 2020 07:01:54 GMT

Facebook rolls out Messenger's desktop version

Facebook has launched its Messenger app's desktop version for Microsoft's Windows and Apple's Mac amid surge in demand for video chats among Facebook users.

Fri, 03 Apr 2020 05:41:55 GMT

Russia extends non-working period until April-end

The Russian President Vladimir Putin has prolonged the paid non-working period in the country until April 30, aiming to stop the coronavirus spread.

Fri, 03 Apr 2020 04:42:25 GMT

Walmart delays partial sale of Asda unit

Walmart, the world's biggest retailer, has postponed the potential sale of its UK supermarket arm Asda's majority stake until the end of the coronavirus crisis.

Fri, 03 Apr 2020 03:47:03 GMT

Trump inks deal with Russia, Saudi for oil cuts

The US President Donald Trump signed a deal with the main oil producers Saudi Arabia and Russia to trim output and halt an oil price surge amid the global coronavirus crisis, sending prices for crude oil up by 45%.

Fri, 03 Apr 2020 02:46:40 GMT

US factory orders remain flat in February

New orders for goods made in the United States remained unchanged in February and could stay weak due to the global coronavirus outbreak that hit supply chains and undercut the manufacturing sector.

Thu, 02 Apr 2020 21:18:51 GMT

US jobless claims hit record high last week

The initial claims for US unemployment benefits skyrocketed 3.341M to a seasonally adjusted 6.648M in the week ending March 28, reaching its record-high level, according to the government report.

Thu, 02 Apr 2020 19:52:25 GMT

Production at Nissan's UK factory shuts down through April

On Thursday, the Japanese carmaker Nissan Motor announced that production at its UK factory is suspended through April due to the coronavirus pandemic.

Thu, 02 Apr 2020 18:50:47 GMT

Goldman promises $250M for loans to small businesses

David Solomon, the CEO of Goldman Sachs, announced on Thursday that the company is pledging $250M for loans to small businesses to community groups in the United States.

Thu, 02 Apr 2020 17:49:50 GMT

Germany plans to provide Lufthansa with billions of euros

According to sources with knowledge of the matter, the German government is in discussions to inject billions of euros into Lufthansa Airline.

Thu, 02 Apr 2020 17:12:27 GMT

US factory orders remain flat in February

New orders for goods made in the United States remained unchanged in February and could stay weak due to the global coronavirus outbreak that hit supply chains and undercut the manufacturing sector.

Thu, 02 Apr 2020 15:41:42 GMT

Google to allow coronavirus-related ads

Google is planning to grant its permission to some advertisers for running the coronavirus-related ads across the company's platforms, according to a report published by the news website Axios on Thursday.

Thu, 02 Apr 2020 15:26:08 GMT

US jobless claims hit record high last week

The initial claims for US unemployment benefits skyrocketed 3.341M to a seasonally adjusted 6.648M in the week ending March 28, reaching its record-high level, the government said on Thursday.

Thu, 02 Apr 2020 14:10:10 GMT

Quarter of UK firms cut staff

A survey done by the Office for National Statistics revealed on Thursday that more than 25% of respondents intend to reduce staff.

Thu, 02 Apr 2020 13:05:35 GMT

Stock indices surge

By the middle of Thursday's GMT trading hours, global stock indices surged, as theys were boosted by rising oil prices.

Thu, 02 Apr 2020 11:40:53 GMT

Spain reduces jobs

On Thursday, Spanish social security data revealed that Spain had cut almost 900 thousand jobs. However, half of the reductions were temporarily.

Thu, 02 Apr 2020 10:45:43 GMT

United Kingdom freezes loans

The government of the United Kingdom announced on Thursday that British consumers would get a three-month freeze on credit card and loan payments.

Thu, 02 Apr 2020 10:00:27 GMT

Crude oil prices jump

On Thursday, crude oil price benchmarks surged by ten percent, as US President Donald Trump revealed that he expects a soon closure of a deal between Russia and Saudi Arabia.

Thu, 02 Apr 2020 09:34:28 GMT

Disney+ to debut in Middle East

Walt Disney's entertainment content service Disney+ will be launched in North Africa and the Middle East on the regional pay TV and OSN, the online streaming service operator, starting April 9.

Thu, 02 Apr 2020 08:05:13 GMT

SoftBank ends $3.0B WeWork tender offer

SoftBank Group has made a decision to terminate a $3.0B tender offer for WeWork's additional shares they agreed last year, including Adam Neumann, the ousted co-founder, after drawing threats of judicial complaint from board members.

Thu, 02 Apr 2020 06:45:58 GMT

VW prolongs halt of Mexico production

Germany's carmaker Volkswagen is set to extend a suspension of its two production plants until April 30 in central Mexico due to a health emergency declared by the government over coronavirus.

Thu, 02 Apr 2020 06:32:32 GMT

Sweden suspends mortgages

On Thursday, the Swedish Financial Supervisory Authority announced that it would pause the enforcement of rules that demand from banks to collect mortgage repayments.

Thu, 02 Apr 2020 05:18:58 GMT

Nissan: US auto plants to remain closed

Nissan Motor announced that its auto plants in the US are set to remain closed through April to help reduce the coronavirus spread.

Thu, 02 Apr 2020 04:32:31 GMT

Swiss manufacturing PMI lowest since 2009

Swiss industry was battered by the epidemic of coronavirus, with the country's PMI dropping to its lowest level since 2009, data revealed.

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