News

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Sat, 10 Oct 2020 18:37:17 GMT

Operations in Gulf of Mexico stops

According to the US Department of Interior, an absolute majority of the Gulf of Mexico oil producers have stopped all works because of the Delta hurricane.

Sat, 10 Oct 2020 17:29:16 GMT

Fenway Sports to go public with RedBall

Boston Red Sox owner was in talks with RedBall to take his sports holding firm Fenway Sports Group public, sources familiar with the matter said.

Sat, 10 Oct 2020 16:29:34 GMT

Scottish Power to serve Tonik Energy's customers

The UK energy regulator Ofgem appointed gas and electricity firm Scottish Power to take over supplying defunct firm Tonik Energy's 130K domestic customers.

Sat, 10 Oct 2020 15:20:54 GMT

Italy to proceed with Alitalia nationalisation

Italy approved the setting up of a new firm to house the assets of troubled airline Alitalia, as the government moved forward with a plan to nationalise the company.

Sat, 10 Oct 2020 14:11:29 GMT

Argentina's GDP to drop 11.8% this year

Argentina's economy is expected to contract 11.8% this year, compared with a prior estimate of 12.1% fall, the Central Bank survey revealed.

Sat, 10 Oct 2020 13:09:40 GMT

Enel to launch digital banking service

Italy's Enel is set to be the first of Europe's utilities to launch its new digital banking services, which will allow customers to open an account to pay energy bills.

Sat, 10 Oct 2020 12:37:46 GMT

Enel to launch digital banking service

Italy's Enel announced on Saturday the launch of its new digital banking services enabling customers to open accounts for paying utilities bills, the first in Europe to do so.

Sat, 10 Oct 2020 11:18:59 GMT

China to massively invest in power grids

According to the Xinhua News Agency, the Chinese government is planning to invest nearly $900B in next five years to build and upgrade the country's power grids.

Sat, 10 Oct 2020 09:55:30 GMT

Daimler stands for car charging

The head of the Works Council at Daimler, Michael Brecht, stated on Saturday that the EU lawmakers must lobby development of infrastructure for electric car charging as strongly as possible to reduce harmful emissions.

Sat, 10 Oct 2020 08:42:12 GMT

Frederique Constant sess 25% sales drop

Swiss watch brand Frederique Constant, owned by Japan's Citizen Watch, was hoping to limit the decline in sales to 25% in 2020, as September business almost recovered.

Sat, 10 Oct 2020 08:09:53 GMT

Infinite Power deals with Marubeni

The UK Infinite Power signed an agreement with Marubeni's Nuclear Fuel Department of Japan to find potential markets to use the company's power cell technology.

Sat, 10 Oct 2020 07:19:22 GMT

Twilio to buy Segment for $3.2B

Twilio, the cloud communications software provider, is set to buy customer data infrastructure firm Segment for $3.2B, Forbes reported.

Sat, 10 Oct 2020 05:45:46 GMT

Amazon India's unit gets $95.5M

Amazon.com invested $95.51M in payments unit in India to encourage payments via Amazon Pay before festive season sales, data from Tofler revealed.

Sat, 10 Oct 2020 03:52:47 GMT

US imposes tariffs over aluminium sheet

The United States imposed new tariffs over $1.96B worth of aluminium sheet goods from 18 countries, as it determined that the products were being dumped.

Sat, 10 Oct 2020 03:40:00 GMT

Canada's job gains above estimates

Canada added 378K jobs in September and the jobless rate declined to 9.0%, handily beating expectations, as the economy continued to recover from coronavirus shutdowns.

Fri, 09 Oct 2020 21:15:09 GMT

Aeroflot to raise $1B in new share offering

Aeroflot stated that the state is likely to take up 50B roubles worth of 80B rouble ($1B) share offering, an essential funds injection for Russia's airline.

Fri, 09 Oct 2020 19:53:17 GMT

European shares continue to surge

On Friday, the European shares posted a second straight week of gains. The STOXX 600 index ended up 0.60% to close the week with an increase of 2.1%.

Fri, 09 Oct 2020 18:59:02 GMT

Dow, S&P 500 continue to surge

On Friday, the Dow Jones Industrial Average and the S&P 500 posted a second consecutive week of gains.

Fri, 09 Oct 2020 18:00:29 GMT

WH, Congress unlikely to reach COVID-19 deal

On Friday, the US Senate Majority Leader Mitch McConnell stated that the Trump administration and the US Congress were unlikely to strike coronavirus relief deal before the November 3 election.

Fri, 09 Oct 2020 17:12:23 GMT

Crude oil prices continue to edge higher

On Friday, crude oil prices were on track for a 10% weekly gain due to the Norwegian and the US supply cuts.

Fri, 09 Oct 2020 15:46:22 GMT

Apple plans free extension of subscription

Apple announced it was planning to extend its free Apple TV+ subscriptions that would have ended during the following three months until February 2021.

Fri, 09 Oct 2020 15:35:09 GMT

Nokia wins 5G contracts in Belgium

Proximus and Orange selected Nokia for building the Belgian 5G networks after they dropped Huawei due to the US pressure to exclude China's tech company from supplying the major telecoms equipment.

Fri, 09 Oct 2020 14:16:06 GMT

Rolls Royce's shares hit weekly record

On Friday, Rolls Royce shares have hit their weekly record high since the 1987 listing as the UK jet engine maker's plan on raising money to battle the COVID-19 travel crisis drove bargain hunting among its investors.

Fri, 09 Oct 2020 13:36:29 GMT

Ryanair expects return of 737 MAX jets

Ryanair is expecting Boeing's struggling 737 MAX jets to return to the service in the US next month, leading the way for Ryanair to receive first planes at the beginning of 2021.

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