News

Note: This section contains information in English only.
Mon, 22 Jun 2020 16:13:50 GMT

Home sales decline in US

As a result of the coronavirus-caused turbulences, the US existing house sales diminished 26.6% on an annual basis in the previous month.

Mon, 22 Jun 2020 15:38:26 GMT

Lufthansa bailout discussion proved productive

The Germany Economy Minister Olaf Scholz stated the bailout talks with shareholder Heinz Thiele were productive.

Mon, 22 Jun 2020 13:41:10 GMT

Wirecard comments on missing funds

On Monday, Wirecard announced that a missing $2.1 billion of funds from the company's accounts never existed.

Mon, 22 Jun 2020 12:42:40 GMT

Oil prices steady

During Monday's European trading hours, crude oil price benchmarks fluctuated steadily, as supply and demand remained balanced.

Mon, 22 Jun 2020 11:48:00 GMT

Lufthansa shares plummet

On Monday, Lufthansa stock price decline by 5.7%, as the CEO Carsten Spohr announced a plan to avoid insolvency.

Mon, 22 Jun 2020 10:53:45 GMT

Nokia cuts Alcatel-Lucent jobs

French labor unions announced that Nokia intends to cut 1,233 jobs at French subsidiary Alcatel-Lucent.

Mon, 22 Jun 2020 10:10:23 GMT

European stock prices decline

During Monday's European trading hours, stock indices declined, as a resurgence of coronavirus cases caused a fall in risk on sentiment.

Mon, 22 Jun 2020 05:13:46 GMT

Putin plans to run for new term as president

Russia's President Vladimir Putin said on Sunday that he would seek another term in office if the Russian people approve the constitutional changes.

Mon, 22 Jun 2020 04:00:51 GMT

Britain to outline plans to ease lockdown

Britain's Secretary of State of Health Matt Hancock announced on Sunday that the UK would unveil the COVID-19 lockdown easing plans this week.

Mon, 22 Jun 2020 03:19:01 GMT

Wirecard's CEO Braun resign

Markus Braun, the Chief Executive Officer of Wirecard AG, resigned on Friday, as the company search for the missing $2.1B cash hit a snag.

Sun, 21 Jun 2020 21:03:26 GMT

Wirecard continues to search for missing money

The Governor of the Central Bank of Philippines Benjamin Diokno said in a statement that none of the Wirecard's missing $2.1B cash entered the nation's financial system.

Sun, 21 Jun 2020 20:31:28 GMT

Italy budget deficit to increase

Italy Prime Minister Giuseppe Conte stated the budget deficit is likely to increase in the current year and is estimated to reach up to 10.4% of domestic product.

Sun, 21 Jun 2020 19:30:59 GMT

American Airlines aims to raise $1.5B

The major American airline endeavours to raise capital by offering shares and convertible bonds, the offering is expected as promptly as Sunday.

Sun, 21 Jun 2020 18:28:13 GMT

IMF expects a pessimistic economic outlook

The International Monetary Fund declared the revised world economic outlook, due on June 24, to be gloomier than the previous outlook in April.

Sun, 21 Jun 2020 17:33:39 GMT

Lufthansa claims A380 to remain unused

The largest German airline Lufthansa expects the massive A380 aircraft to remain out of service for 2 years as demand for long-distance flights stays low.

Sun, 21 Jun 2020 16:39:33 GMT

German court changes to favour ECB

Transformations to the formation of the German Constitutional Court are likely to favour the ECB in regards to bond-buying as a means to aid the coronavirus-struck economies.

Sun, 21 Jun 2020 14:47:26 GMT

Hetero Labs to make coronavirus drug

On Sunday, the Indian government gave permission to Hetero Labs to create Gilead Science's experemental drug against coronavirus.

Sun, 21 Jun 2020 14:34:47 GMT

US, Zambia companies form joint venture

The African Green Resources and the US African Fertiliser and Agribusiness Partnership formed a $40M joint venture to increase crop yields in Zambia.

Sun, 21 Jun 2020 13:20:30 GMT

Germany to hold talks with Lufthansa investors

The Economy Minister of Germany is expected to meet Lufthansa's biggest shareholder, Heinz Hermann Thiele, to discuss $10.1B bailout of the company.

Sun, 21 Jun 2020 12:07:54 GMT

Spain reopens borders

On Sunday, Spain had officially reopened its borders for visitors from most of the European countries, thus ending state of emergency.

Sun, 21 Jun 2020 11:08:41 GMT

Trump raises $74M in May

The Republican National Committee and the country's President Donald Trump managed to raise $74M for election campaign in May.

Sun, 21 Jun 2020 10:00:52 GMT

Abe maintains public support

According to the Mainichi Shimbun, the Japanese Prime Minister Shinzo Abe's endorsment increased from 27% to 36% despite a scandal with ex-Minister of Justice.

Sun, 21 Jun 2020 09:01:39 GMT

Wirecard still tries to find missing $2.1B

The Central Bank of Philippines stated on Saturday that none of the missing $2.1B have entered the country's financial system.

Sun, 21 Jun 2020 08:29:49 GMT

Wirecard's CEO resigns

The German Wirecard's Chief Executive Officer Markus Braun resigned on Friday as the company unabled to find missing $2.1B.

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