News

Note: This section contains information in English only.
Thu, 10 Sep 2020 04:43:10 GMT

EC urges to tackle disinformation

The European Commission urged Google, Facebook and Twitter to be more effective in tackling disinformation according to self-regulatory codes.

Thu, 10 Sep 2020 04:19:43 GMT

Tiffany sues LVMH for reneging on acquisition

Tiffany & Co sued LVMH after it told the US jeweller that it could not complete a $16B deal to acquire it due to a French government request and the COVID-19 impact.

Thu, 10 Sep 2020 03:37:29 GMT

American Eagle's revenue down 15%

American Eagle Outfitters reported a smaller-than-anticipated quarterly revenue decline of 15% to $883.5M, compared with $847.8M forecast, owing to higher sales of loungewear.

Wed, 09 Sep 2020 21:29:05 GMT

UPS to hire 100K seasonal workers

UPS is set to hire more than 100K workers for the season of winter holidays, which retailers are stretching out to avoid overwhelming a delivery network already.

Wed, 09 Sep 2020 19:41:41 GMT

Amazon opens new centres

On Wednesday, Amazon announced that the company would open new fulfilment centres in Ontario, Canada.

Wed, 09 Sep 2020 19:41:33 GMT

Ryanair slashes target

Ryanair announced on Wednesday that the company would cut its 2020 passenger target by additional ten million.

Wed, 09 Sep 2020 17:54:11 GMT

Renault evaluates cost cutting

On Wednesday, a leaked internal memo of the Renault Chief Executive Officer of Luca de Melo revealed that the company is considering additional cost cutting.

Wed, 09 Sep 2020 16:44:53 GMT

Lloyds cuts jobs

The British banking group Lloyds Banking Group announced on Wednesday that it would cut additional 865 jobs.

Wed, 09 Sep 2020 16:22:00 GMT

E-commerce looks for electronic vehicles

On Wednesday, Reuters revealed that a number of e-commerce delivery companies are looking to acquire fleets of electric delivery vans.

Wed, 09 Sep 2020 14:44:31 GMT

LVMH drops Tiffany takeover

The French luxury giant LVMH revealed on Wednesday that it would drop its plans to take over Tiffany.

Wed, 09 Sep 2020 13:47:28 GMT

AstraZeneca pauses coronavirus tests

On Wednesday, AstraZeneca stock price plunged, as the company announced a pause of its coronavirus vaccine testing.

Wed, 09 Sep 2020 12:55:25 GMT

Poland calls for halt of Nord Stream 2

As natural gas prices plummeted on Wednesday, Poland called for a halt of the Nord Stream 2 gas pipeline project.

Wed, 09 Sep 2020 11:41:10 GMT

UK sets out post-Brexit rules

The government of the United Kingdom announced on Wednesday that it would soon reveal additional details for its post-Brexit plan.

Wed, 09 Sep 2020 10:44:00 GMT

Samsung stops supplying Huawei

On Wednesday, Samsung announced that it would stop supplying Huawei with displays due to US restrictions.

Wed, 09 Sep 2020 08:41:15 GMT

Virgin Australia returns Boeing airplanes

On Wednesday, Virgin Australia announced that it would return one third of its Boeing 737 fleet.

Wed, 09 Sep 2020 07:55:38 GMT

Suga makes promises

The expected new Prime Minister of Japan Yoshihide Suga stated on Wednesday that he would put growth ahead of fiscal reform.

Wed, 09 Sep 2020 07:41:25 GMT

Oil continues decline

During Wednesday's trading hours, crude oil prices continued to decline, as a drop in demand was expected by market participants.

Wed, 09 Sep 2020 06:44:55 GMT

SoftBank losses 15$ billion

On Wednesday, it was revealed that during the recent tech stock rout SoftBank has experienced a stock value decline of $15 billion.

Wed, 09 Sep 2020 06:26:39 GMT

US stock sell off continues

The US Stock market ended Tuesday's trading with a decline, which was fuelled by a larger tech stock sell-off.

Wed, 09 Sep 2020 04:46:51 GMT

Russia's GDP decline seen at around 4% in 2020

The Russian Finance Minister Anton Siluanov announced on Tuesday that Russia's gross domestic product is expected to decline by approximately 4% in 2020.

Wed, 09 Sep 2020 03:59:53 GMT

Ryanair begins $1B bond sale

On Tuesday, Ryanair launched an 850M euro ($1B) bond sale. The company hired BNP Paribas, Citi and Barclays for the trade.

Wed, 09 Sep 2020 02:56:14 GMT

Merkel plays down talks to halt Nord Stream 2

According to sources with knowledge of the matter, Germany's Chancellor Angela Merkel has rejected the possibility to halt the Nord Stream 2 pipeline project.

Wed, 09 Sep 2020 01:44:19 GMT

GM acquires 11% stake in Nikola

Shares of Nikola soared more than 30% on Tuesday after General Motors announced that it was buying an 11% share in Nikola.

Tue, 08 Sep 2020 19:45:45 GMT

Boeing reports order cancelations

Boeing revealed on Tuesday that it had received 17 airplane order cancelations in August, which brought the total for this year to 445.

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