News

Note: This section contains information in English only.
Tue, 03 Mar 2020 20:43:16 GMT

UPS, FedEx operations may be hurt by coronavirus

On Tuesday, the US package delivery firms FedEx Corp and United Parcel Service warned the coronavirus outbreak might hurt shipping operations in the affected countries and potentially hit their Q1 results.

Tue, 03 Mar 2020 20:06:33 GMT

Lufthansa CEO backs Boeing-Embraer merger

Lufthansa's CEO Carsten Spohr has supported the planned Boeing's $4.0B takeover of the Embraer's commercial aircraft activities, as the German carrier's head sees such a move to create a level playing field.

Tue, 03 Mar 2020 19:20:45 GMT

Nokia to trim around 150 jobs in Finland in 2020

Nokia is set to slash up to 148 jobs this year in Finland, excluding the 5G development operations, the Finnish network equipment producer stated on Tuesday evening.

Tue, 03 Mar 2020 17:56:39 GMT

EBay may sell unit in South Korea

EBay was looking to sell the company's South Korean unit, including one of the largest online marketplaces Gmarket, in a deal totalling nearly $5B.

Tue, 03 Mar 2020 16:44:10 GMT

BMW, Daimler to cut emissions 20%

New electric models are expected to help Daimler and BMW to cut emissions from the cars an average 20% in 2020, the German automakers stated.

Tue, 03 Mar 2020 15:43:44 GMT

CD&R to buy Huntsworth in pharma bet

The US private equity firm Clayton, Dubilier & Rice agreed to acquire the UK healthcare company Huntsworth for $511M in a bid to extend growth in global healthcare market.

Tue, 03 Mar 2020 14:47:55 GMT

G7 officials discuss coronavirus

It was revealed on Tuesday by Reuters that financial officials of the G7 countries are scheduled to discuss ways to boost the global economy during the coronavirus outbreak.

Tue, 03 Mar 2020 13:44:50 GMT

UK reveals plan to battle coronavirus

On Tuesday, the government of the United Kingdom revealed a plan to battle the spreading of the coronavirus.

Tue, 03 Mar 2020 12:42:34 GMT

Airlines face decline

During Tuesday's European trading hours, heads of European airlines stated that the damage from the coronavirus outbreak is expected to increase.

Tue, 03 Mar 2020 12:32:17 GMT

Euro Zone inflation slows down

On Tuesday, data published by European statisticians revealed that inflation had slowed down in February in the Euro Zone to a 1.2% year to year growth from 1.4%.

Tue, 03 Mar 2020 10:42:32 GMT

ECB works on new lending scheme

On Tuesday, the ECB announced that it is preparing a new lending scheme, which would help coronavirus affected companies.

Tue, 03 Mar 2020 10:03:22 GMT

Novartis unit agrees to pay $195M to settle antitrust charges

Sandoz, the Novartis unit, agreed to pay $195M to reach thee deferred prosecution deal to resolve antitrust charges, following the 2013-2015 probe into the generic drug industry, the Justice Department stated.

Tue, 03 Mar 2020 09:06:55 GMT

Goldman bans non-essential international business travel

Goldman Sachs Group has suspended all the non-essential foreign business travel due to "precautionary measures" related to the coronavirus outbreak.

Tue, 03 Mar 2020 08:39:19 GMT

Lyft flags output delays amid coronavirus

The ride-hailing firm Lyft Inc reported production delays of its certain automotive components and parts of scooters and bikes due to the coronavirus outbreak.

Tue, 03 Mar 2020 06:31:18 GMT

Wall Street surges on Monday

During Monday's US trading hours, stock indices surged. The surge was attributed to various central banks revealing upcoming economic stimulus.

Tue, 03 Mar 2020 04:41:22 GMT

Brazil posts trade surplus

On Monday, the Brazilian government published a $3.1 billion trade surplus for February.

Tue, 03 Mar 2020 04:31:22 GMT

Apple gets fined

Apple Inc revealed on Monday that it would pay almost $500 million to settle a litigation that accuses the company of slowing down older iPhones.

Mon, 02 Mar 2020 21:43:26 GMT

Former Navistar CEO pays fine

On Monday, the SEC announced that the former CEO of Navistar International Corporation would pay $500,000 for misleading investors.

Mon, 02 Mar 2020 21:15:48 GMT

Ryanair to cut flights to Itay amid coronavirus

Ryanair is set to cut capacity in and out flights to Italy 25% for three weeks amid significant decline in bookings since the coronavirus outbreak.

Mon, 02 Mar 2020 20:27:54 GMT

Honda to cut production in Japan due to parts shortage

Honda Motor is set to temporarily cut production in two Japanese factories amid difficulty in getting parts from China due to the coronavirus outbreak.

Mon, 02 Mar 2020 18:44:37 GMT

Lyft flags output delays amid coronavirus

The ride-hailing firm Lyft Inc reported production delays of its certain automotive components and parts of scooters and bikes due to the coronavirus outbreak.

Mon, 02 Mar 2020 17:41:10 GMT

Switzerland files complaint against CIA

The government of Switzerland has lodged a criminal complaint against the US Central Intelligence Agency over its cryptography company's use allegedly as a front with the aim to spy on secret communications of different governments, the Swiss official said.

Mon, 02 Mar 2020 16:59:46 GMT

Nokia names Fortum head Lundmark as new CEO

On Monday, Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September.

Mon, 02 Mar 2020 16:23:59 GMT

Trump calls on US Fed to cut rates

On Monday, the US President Donald Trump has put pressure on the US central bank to trim interest rates, claiming the Federal Reserve was "slow to act" and calling on it to be more aggressive.

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