News

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Wed, 29 Jul 2020 07:58:27 GMT

South Korea starts safety inquiry into Tesla cars

South Korea has launched an investigation into the alleged safety issues with cars produced by Tesla, the major competitor to Hyundai Motor in South Korea's EV market.

Wed, 29 Jul 2020 06:57:51 GMT

Google, Orange form partnership

France's largest telecoms company Orange and Alphabet's Google announced their strategic partnership on providing data, cloud computing and Ai services to the European market.

Wed, 29 Jul 2020 05:59:02 GMT

China's Ctrip seeks delisting from Nasdaq

Ctrip, the Chinese online travel titan, has entered talks with investors over funding the company's delisting from Nasdaq due to growing tensions between China and the United States.

Wed, 29 Jul 2020 04:51:51 GMT

EBay tops Q2 sales forecasts

EBay topped Wall Street's estimates for its Q2 revenue results and raised its annual outlook, driven by a surge in the e-commerce company's online shopping during the coronavirus-led lockdowns.

Wed, 29 Jul 2020 03:52:47 GMT

L Brands to trim 15% of corporate workforce

L Brands is planning 850 layoffs, which are 15% of the company's corporate workforce, while also anticipating a smaller-than-expected fall in its Q2 sales, and sending shares up 17% on the news.

Wed, 29 Jul 2020 03:04:34 GMT

Amgen Q2 revenue climbs 6%

Amgen reported a 6% growth in its Q2 revenue on higher sales of its newer drugs, with the results being largely in line with the forecasts, while shares fell about 2% in the extended trading.

Tue, 28 Jul 2020 22:26:31 GMT

Starbucks sees business recovering

Starbucks said its global business was recovering steadily as the company reopened most of the stores after easing of the coronavirus-led restrictions.

Tue, 28 Jul 2020 19:56:50 GMT

Italy to extend emergency period

Italy's parliament endorsed the request of the Prime Minister to prolong the state of emergency until October 15 to prevent the likelihood of a returning spread of the virus.

Tue, 28 Jul 2020 19:10:28 GMT

Virgin Galactic unveils its plane's cabin

The British spaceflight company, founded by Sir Richard Branson and Burt Rutan, revealed the interior of its space aircraft on Tuesday, a ticket will cost $250K per passenger.

Tue, 28 Jul 2020 17:59:01 GMT

COVID-19 weakens US consumer confidence

The US consumer confidence stepped down more than anticipated in July due to the surge in coronavirus cases, consumers are pessimistic about the prospects over the subsequent half of the year.

Tue, 28 Jul 2020 17:23:58 GMT

Apple's CEO faces App Store criticism

On Wednesday, the US lawmakers will question Apple Inc's CEO Tim Cook regarding the possibly unfair company's practices on the App Store.

Tue, 28 Jul 2020 15:44:04 GMT

Ctrip considers delisting from Nasdaq

China's Ctrip was in talks with investors over financing its delisting from Nasdaq due to rising US-China tensions and the coronavirus-driven hit to business.

Tue, 28 Jul 2020 14:43:08 GMT

Spain's Endesa reports 45% profit jump

Spain's utility Endesa SA reported a 45% increase in H1 net profit to €1.13B amid cost savings after getting a collective-bargaining deal with staff.

Tue, 28 Jul 2020 14:06:32 GMT

Lucid Motors to offer semi-automated sedan in 2021

Tesla's rival Lucid Motors is building a new Air luxury EV equipped with a semi-automated assistance system, seeking to launch it in early 2021, the carmaker stated on Tuesday.

Tue, 28 Jul 2020 13:35:04 GMT

McDonald's posts drop in global sales

McDonald's reported on Tuesday its global same-store sales dropped more than expected, while its profit also missed the forecasts due to restaurant shutdowns triggered by the coronavirus pandemic.

Tue, 28 Jul 2020 12:25:26 GMT

Pfizer lifts 2020 forecast on profit results

On Tuesday, Pfizer Inc topped analysts' forecasts for its Q2 profit and raised its annual outlook, on rising demand for the company's blood thinner Eliquis and cancer drug Ibrance.

Tue, 28 Jul 2020 11:03:59 GMT

3M revenue drops 12% on lower demand

On Tuesday, the industrial conglomerate 3M posted a 12% fall in its quarterly revenue as the coronavirus crisis hammered demand for the company's products.

Tue, 28 Jul 2020 09:41:43 GMT

German car sector recovers

On Tuesday, the Ifo institute announced that, as German exports have been recovering, car production has benefited the most.

Tue, 28 Jul 2020 08:47:35 GMT

British Airways face strike

During Tuesday's GMT trading hours, it was revealed by BBC that the British Airways face strike threats due to job cuts.

Tue, 28 Jul 2020 08:30:09 GMT

ECB extends dividend ban

On Tuesday, the European Central Bank extended its recommendation to banks not to pay out dividends.

Tue, 28 Jul 2020 04:40:40 GMT

Gold hits record high

On Monday, gold prices reached record high levels, as the price per ounce beat the previous historical high level of 1,912.40.

Tue, 28 Jul 2020 04:30:54 GMT

US consumers receive VW pay-out

It was revealed on Monday that US consumers would receive a total of $9.8 billion in Volkswagen diesel scandal settlements.

Tue, 28 Jul 2020 03:31:11 GMT

Wall Street rises on Monday

On Monday, US stock indices rose, as the US Dollar declined due to expected US stimulus efforts.

Mon, 27 Jul 2020 20:57:00 GMT

Crude oil prices rise

During Monday's US trading hours, crude oil prices rose, as a pick-up in oil demand was expected due to stimulus measures.

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