News

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Wed, 26 Aug 2020 03:58:40 GMT

Italy and China need to build closer ties

On Tuesday, Italy's Foreign Minister Luigi Di Maio stated that China and Italy need to strengthen relations.

Wed, 26 Aug 2020 03:03:37 GMT

Facebook to launch news service

On Tuesday, Facebook Inc announced that it would launch news service in its feed in Brazil, India, Germany, France and the United Kingdom.

Wed, 26 Aug 2020 01:44:14 GMT

Hogan says he broke no rules

On Tuesday, the European Commission for Trade Phil Hogan insisted that he broke no rules during a visit to Ireland.

Tue, 25 Aug 2020 20:07:28 GMT

Finland unemployment rate remains high

The unemployment rate in Finland reached 7.7% in July, compared to 6% the previous year, a statement published by the Statistics Finland shows.

Tue, 25 Aug 2020 19:00:56 GMT

German government deficit reaches €51.6B

The German government deficit reached €51.6B in the first six months of the current year, data published by the Federal Statistical Office Destatis show.

Tue, 25 Aug 2020 18:01:04 GMT

German economic sentiment improves in August

The German economic sentiment improved in August, compared to the previous month, data published by the Ifo Institute for Economic Research show.

Tue, 25 Aug 2020 16:57:18 GMT

Malta economy to shrink 6.6% in 2020

The Maltese economy is expected to contract 6.6% in 2020 amid the coronavirus outbreak, a statement published by the Central Bank of Malta shows.

Tue, 25 Aug 2020 16:32:25 GMT

Indonesian economy to contract in Q3

The Indonesian economy is likely to contract further in the third quarter of 2020, a statement published by the Indonesian Finance Minister Sri Mulyani Indrawati shows.

Tue, 25 Aug 2020 15:11:48 GMT

German economy contracts 9.7% in Q2

The German economy contracted 9.7% in the second quarter of 2020, compared to the same period the previous year, the Federal Statistical Office Destatis reports.

Tue, 25 Aug 2020 14:16:07 GMT

British retailers trim roles by most in 11 years

UK retailers have trimmed jobs by the most since the 2009 financial crisis, expecting the losses pace to accelerate more and marking a sharp surge in the country's unemployment.

Tue, 25 Aug 2020 13:37:18 GMT

Apple to launch online store in India

Apple is planning to launch its first India online store in September, as the company currently sells the products via third-party vendors, according to Bloomberg News' report seen on Tuesday.

Tue, 25 Aug 2020 11:41:07 GMT

Qantas Airways trims 2.5K jobs

Qantas Airways is planning to lay off up to 2.5K more employees by outsourcing its ground handling operations in Australia to reduce costs in the face of $7.17B revenue hit.

Tue, 25 Aug 2020 10:45:45 GMT

Finnair cuts jobs

On Tuesday, Finnair announced that the company would lay off almost 1,000 employees, which amounts to 15% of the company's workforce.

Tue, 25 Aug 2020 10:27:44 GMT

UK's Aveva to acquire OSIsoft in $5B deal

Aveva Group, the UK industrial software provider, will acquire the SoftBank-backed unit OSIsoft in a deal worth $5.0B, seeking for the expansion of its services by using the PI system.

Tue, 25 Aug 2020 09:00:33 GMT

Israel's Zim considers listing

Zim, the Israeli shipping company, is exploring an option of an IPO on foreign exchange, likely in New York or London, according to the local media outlet Globes' report.

Tue, 25 Aug 2020 07:44:44 GMT

LVMH, Tiffany postpone deal deadline

France's luxury goods titan LVMH and the US jewellery chain Tiffany are set to prolong their deal deadline by three more months before completing their $16.2B tie-up, Reuters reported.

Tue, 25 Aug 2020 06:41:21 GMT

Tesco to create 16K extra jobs

Tesco, Britain's biggest supermarket, will add 16K more permanent job positions to back the rapid growth in the company's online business, considering an increase in the job numbers on boosted sales.

Tue, 25 Aug 2020 05:12:42 GMT

Blackstone to sell stake in Cheniere's partnership

Blackstone Group is planning a sale of around 40% stake in limited partnership of Cheniere Energy, the LNG producer, in a deal with Brookfield Infrastructure.

Tue, 25 Aug 2020 04:16:13 GMT

Salesforce, Amgen, Honeywell shares rise over 3%

Shares of Salesforce.com,Honeywell International and Amgen each rose over 3% in Monday's extended trade after the announcement that the companies were set to join the Dow Jones Industrial Average.

Tue, 25 Aug 2020 02:59:02 GMT

Delta Air Lines plans furlough for nearly 2K pilots

Delta Air Lines is planning to furlough more than 1,900 pilots in October, the US carrier stated in a memo, noting the fallout caused by the coronavirus pandemic and tumbling air travel demand.

Mon, 24 Aug 2020 22:49:49 GMT

Apple to start reopening US retail stores

Apple Inc is set to reopen some of its US stores closed for several weeks amid the COVID-19 cases resurgence, according to a Bloomberg News report.

Mon, 24 Aug 2020 20:00:42 GMT

China Pacific Insurance net income declines

China Pacific Insurance, a Chinese insurance company, reported a decline in net income of 12% in the first six months of 2020, compared to the same period the prior year.

Mon, 24 Aug 2020 19:01:10 GMT

Australian tourism industry loses around $4.02B in Q1

The Australian tourism industry lost around $4.02B in the first three months of 2020 amid the coronavirus outbreak, official data show.

Mon, 24 Aug 2020 18:01:18 GMT

Turkey expects 15M tourists in 2020

Turkey expects to welcome 15M tourists in 2020 and generate over $11B in revenue, a statement published by the Turkish Culture and Tourism Minister Mehmet Nuri Ersoy shows.

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