News

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Sat, 18 Apr 2020 06:02:05 GMT

Amazon plans to launch ultra-fast grocery delivery service in UK

According to The Grocer report, Amazon.com is planning to launch super-fast grocery delivery in the United Kingdom.

Sat, 18 Apr 2020 04:59:26 GMT

Boeing shares edge higher

Boeing's shares soared by 11.7% on Friday after the US planemaker announced plans to reopen commercial aircraft production next week.

Sat, 18 Apr 2020 03:55:38 GMT

UK to extend furlough scheme until end of June

Britain's Chancellor of the Exchequer Rishi Sunak announced on Friday that the UK has extended the furlough program until June 30.

Sat, 18 Apr 2020 02:54:37 GMT

IKEA plans to reopen shops in Europe in May

The world's biggest ready-to-assemble furniture retailer IKEA plans to begin reopening stores in Europe in May. The company's CEO Jesper Brodin said on Friday.

Fri, 17 Apr 2020 21:01:14 GMT

Bailey asks UK's banks to speed up lending to companies

Andrew Bailey, the Governor of the Bank of England, urged UK's banks to accelerate lending to small and medium-sized companies under the emergency scheme.

Fri, 17 Apr 2020 19:58:54 GMT

Airbus implements mandatory part-time working

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

Fri, 17 Apr 2020 18:52:41 GMT

Ford expects $2B Q1 loss

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

Fri, 17 Apr 2020 18:00:12 GMT

Boeing shares edge higher

Boeing's shares surged by 11.70% on Friday after the US planemaker announced plans to resume commercial aircraft production next week.

Fri, 17 Apr 2020 16:44:29 GMT

China's Didi to increase daily order volume by 2022

China's Didi Chuxing is planning to complete 100M orders per day by 2022, increasing the number of its monthly active users to 800M globally, the ride-hailing firm's CEO Cheng Wei stated.

Fri, 17 Apr 2020 15:46:46 GMT

Goldman sees 36% fall in iPhone shipment

On Friday, Goldman Sachs is expected iPhone shipment to plunge as much as 36% in the third quarter period amid the coronavirus-linked lockdowns all over the world and downgraded Apple's stock to "sell".

Fri, 17 Apr 2020 15:29:34 GMT

VW China head sees sales on recovery course

Volkswagen Group reported on Friday its car sales plunged by 23% to 2M units in the period ended March 31 but added the Chinese market is expected to recover in near time, moving out of the COVID-19 crisis.

Fri, 17 Apr 2020 14:37:22 GMT

Poland's 5G auction suspended amid pandemic

The Polish telecoms regulator has delayed the first 5G auction amid the lockdown aimed at fighting the coronavirus spread, it said on Friday.

Fri, 17 Apr 2020 13:36:18 GMT

India's fuel demand drops 50% in April's 1H

Retailers in India sold 50% less fuel during the first half of April, compared to the same period last year, as the global lockdown against the coronavirus pandemic hit industrial and transportation activity.

Fri, 17 Apr 2020 12:20:11 GMT

Portugal's auto parts makers revive production

Portuguese manufacturers of car parts are planning to resume their production before the nationwide coronavirus lockdown is lifted due to slowdown of the virus spread in Europe.

Fri, 17 Apr 2020 11:38:40 GMT

P&G sales jump around 5% amid virus

On Friday, Procter & Gamble Co reported its quarterly sales surged nearly 5% amid consumer stockpiling of diapers, detergents, toilet rolls, etc. due to global lockdowns caused by the coronavirus spread.

Fri, 17 Apr 2020 10:07:24 GMT

Weidmann comments on coronavirus

European Central Bank's policymaker Jens Weidmann stated on Friday that it is too early to measure ECB's measures in the fight against the coronavirus.

Fri, 17 Apr 2020 09:11:51 GMT

Chinese GDP declines

On Friday, for the first time in three decades, the GDP of China decreased by 6.8% on a year on year basis.

Fri, 17 Apr 2020 07:52:24 GMT

Pony.ai to trigger autonomous delivery service in US

Pony.ai, the self-driving company backed by Toyota, will launch autonomous delivery service in California due to a rising demand for orders made online, caused by the coronavirus lockdown.

Fri, 17 Apr 2020 07:17:29 GMT

DHL says online orders volume surges

Delivery service DHL is struggling from a sharp surge in parcel volume from online purchases amid the COVID-19 pandemic, forcing the company to cut back its extra collections in Germany, Deutsch Post reported.

Fri, 17 Apr 2020 04:52:00 GMT

Apple plans reopening retail store in South Korea

Apple is set to reopen its South Korean sole retail store on April 18, its first move to return to offline business after shutting down its stores last month amid the coronavirus outbreak.

Fri, 17 Apr 2020 04:31:55 GMT

Nokia shares jump on potential takeover bid

Nokia declined to comment on a report made by media saying the company has hired an investment bank as it seeks to defend itself from a potential hostile takeover, sending its shares up 12.5%.

Fri, 17 Apr 2020 03:13:10 GMT

Boeing to revive commercial airplane production

Boeing Co is planning to resume the production of its commercial airplanes starting next week after the planemaker suspended its operations last month due to the coronavirus outbreak.

Thu, 16 Apr 2020 23:55:00 GMT

Apollo registers cloud firm Rackspace for IPO

Apollo Global Management, the private equity firm, has registered the cloud company Rackspace Holding for IPO that could potentially value it at over $10B, including debt, according to Reuters.

Thu, 16 Apr 2020 19:43:16 GMT

DHL tries to cope with high parcel volumes

DHL was struggling to cope with flood of packages from online purchases amid the COVID-19 crisis, forcing the company to cut back additional collections from retailers in Germany.

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