News

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Sun, 19 Apr 2020 11:38:51 GMT

Europe needs €500B to recover

According to the European Stability Mechanism, European countries would need not less than €500B from the EU institutions to recover from the coronavirus outbreak.

Sun, 19 Apr 2020 10:34:10 GMT

FNAC Darty to receive state aid

Fnac Darty stated on Sunday that it would receive a $544M loan from the French government as an aid for businesses affected by the coronavirus outbreak.

Sun, 19 Apr 2020 09:33:51 GMT

Britain to keep lockdown measures

The UK Cabinet Office Minister Michael Gove stated on Sunday that government would not ease quarantine measures in nearest future.

Sun, 19 Apr 2020 08:34:34 GMT

Ireland not to allow public gatherings this year

The Health Minister of Ireland Simon Harris stated on Sunday that large public gatherings most probably would not be allowed until the end of this year.

Sun, 19 Apr 2020 07:12:03 GMT

World Bank, IMF provide funds to low-income countries

The World Bank and the International Monetary Fund are providing funds to low-income countries and developing nations across the globe to fight the spread of the coronavirus pandemic.

Sun, 19 Apr 2020 05:58:35 GMT

Netflix adds $50M to emergency relief fund

The spokeswoman for Netflix Inc said that the company has added $50 million to its COVID-19 relief fund for displaced production staffs.

Sun, 19 Apr 2020 04:58:36 GMT

Moody's downgrades Mexico's credit rating

Moody's Investor Service announced on Friday that it had slashed Mexico's credit rating to Baa1 because of the country's deteriorating economy.

Sun, 19 Apr 2020 03:54:13 GMT

Walmart to employ additional 50K workers

Walmart Inc announced on Friday that it would employ additional 50K workers at its clubs, distribution centres and shops to meet the growing demand for household essentials and groceries.

Sun, 19 Apr 2020 02:55:58 GMT

Iran allows some businesses to reopen in Tehran

Iran has partially enabled some companies to reopen in the capital city of Tehran, as the COVID-19 deaths toll hit a one-month low.

Sat, 18 Apr 2020 21:06:34 GMT

Amazon starts to use thermal cameras to scan for fevers

According to a recent staff note seen by Reuters, Amazon.com has begun using thermal cameras to scan for fevers at its warehouses.

Sat, 18 Apr 2020 19:46:32 GMT

Walmart to employ additional 50K workers

On Friday, Walmart Inc announced that it would employ additional 50K workers at its clubs, distribution centres and shops to meet the growing demand for household essentials and groceries.

Sat, 18 Apr 2020 19:00:04 GMT

Trump announces $19B program to help farmers

On Friday, the US President Donald Trump announced a $19B scheme to support the struggling US agriculture farmers and distribute food to families in need amid the coronavirus outbreak.

Sat, 18 Apr 2020 18:05:05 GMT

Ford raises $8B from corporate debt investors

On Friday, Ford Motor raised $8B from debt markets to support its reserves, as the COVID-19 pandemic halted production and pummeled vehicles sales.

Sat, 18 Apr 2020 17:05:39 GMT

Moody's cuts Mexican oil company Pemex debt to junk

On Friday, rating agency Moody's downgraded the Mexican oil company Pemex debt rating to Ba2 from Baa3.

Sat, 18 Apr 2020 16:03:23 GMT

Moody's downgrades Mexico's credit rating

On Friday, Moody's Investor Service announced that it had slashed Mexico's credit rating to Baa1 because of the country's deteriorating economy.

Sat, 18 Apr 2020 15:10:41 GMT

Bolsonaro wants to reopen Brazil's borders

On Friday, the President of Brazil Jair Bolsonaro called for the country's land borders to be reopened, as the President pushes to restart Brazil's economy.

Sat, 18 Apr 2020 13:53:41 GMT

Netflix adds $50M to emergency relief fund

The spokeswoman for Netflix Inc said on Friday that the company has added $50 million to its coronavirus relief fund for displaced production staffs.

Sat, 18 Apr 2020 12:53:32 GMT

World Bank, IMF provide funds to low-income countries

The World Bank and the International Monetary Fund are providing funds to low-income countries and developing nations across the globe to fight the spread of the COVID-19 pandemic.

Sat, 18 Apr 2020 11:41:55 GMT

Volvo Cars to revive output in Sweden

Volvo Cars announced it would restart its production at Torsianda factory in Sweden starting from the next week, after almost a month-long shutdown due to the coronavirus pandemic.

Sat, 18 Apr 2020 10:45:04 GMT

Walmart to add 50K extra staff

Walmart is planning to hire 50K more employees at its distribution centres, clubs and stores amid rising demand for household essentials and groceries triggered by the coronavirus outbreak.

Sat, 18 Apr 2020 09:50:23 GMT

Goldman sees 36% fall in iPhone shipment

Goldman Sachs said it expected iPhone shipment to plunge 36% in the Q3 period amid the coronavirus-linked global lockdowns and downgraded Apple's stock to "sell".

Sat, 18 Apr 2020 08:47:52 GMT

Airbus implements mandatory part-time working

According to the French unions, Airbus would implement a compulsory part-time working program for 3000 workers in Toulouse, Nantes and Saint-Nazaire.

Sat, 18 Apr 2020 07:53:06 GMT

EU to tighten rules on wildlife trading and factory farming

EU's Environment Commissioner Virginijus Sinkevicius said that the European Union would tighten the rules on factory farming and wildlife trading amid the COVID-19 pandemic.

Sat, 18 Apr 2020 06:55:12 GMT

Ford estimates $2B Q1 loss

On Friday, the US automaker Ford Motor warned of $2 billion first-quarter loss, as company's vehicle sales to dealers dropped by 21% in the Q1 due to the coronavirus pandemic.

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