News

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Wed, 05 Aug 2020 08:35:31 GMT

Square's Q2 revenue jumps 64%

The payments processor Square posted a 64% surge in its Q2 revenue, driven by growth in consumers' online buying and usage of its P2P Cash App platform at the time of pandemic.

Wed, 05 Aug 2020 06:43:46 GMT

Virgin Atlantic hopes for Chapter 15 protection

Virgin Atlantic Airways is seeking the Chapter 15 bankruptcy protection from the American creditors, which allows the foreign debtor to safeguard its assets in the United States.

Wed, 05 Aug 2020 06:37:04 GMT

Alibaba Health attracts $1.3B in HK share sale

Alibaba Health IT has raised about $1.3B in the biggest follow-on share sale in Hong Kong since 2015, and would issue 499M new shares priced at HK$20.05, or $2.59, per each.

Wed, 05 Aug 2020 05:02:29 GMT

Argentina reaches $65B deal with creditors

Argentina has reached a $65 billion debt deal with three exchange bondholder groups, the country's Economy Ministry said in a statement on Tuesday.

Wed, 05 Aug 2020 04:00:37 GMT

Amazon prepares to launch in Sweden

Alex Ootes, the Vice President for EU Expansion at Amazon, announced on Tuesday that Amazon has commenced preparations to launch in Sweden.

Wed, 05 Aug 2020 02:55:51 GMT

Farley to replace Hackett as CEO of Ford

Ford Motor announced on Tuesday that the Chief Operating Officer Jim Farley would replace Jim Hackett, as the President and CEO on October 1.

Wed, 05 Aug 2020 01:47:41 GMT

US factory orders surge by 6.2% in June

According to the US Commerce Department, the US factory orders grew by 6.2% in June, boosted by an increase in demand for motor vehicles.

Tue, 04 Aug 2020 19:49:00 GMT

Accor to cut 1K jobs

Accor, the EU biggest hotel group, is set to cut 1K jobs within the cost-saving plan of €200M per year to lessen the coronavirus crisis impact.

Tue, 04 Aug 2020 18:46:04 GMT

EU probes Google's $2.1B Fitbit deal

The EU antitrust regulators launched a probe into Alphabet unit Google's deal to buy Fitbit for $2.1B in a bid to rival Samsung and Apple.

Tue, 04 Aug 2020 18:16:58 GMT

Amazon prepares to launch in Sweden

Amazon.com Inc announced that it started preparations to launch in Sweden, but it did not say if it will create a distribution hub or warehouse in the country.

Tue, 04 Aug 2020 17:15:43 GMT

France expects second COVID-19 wave

As multiple French cities mandate mask-wearing, the country's scientific committee announced a likelihood of a second wave of the COVID-19 pandemic in France.

Tue, 04 Aug 2020 16:21:54 GMT

Ford appoints new CEO

Ford Motor Company announced their new Chief Executive Officer - Jim Farley on Tuesday as the company struggles with the coronavirus-caused turbulences. 

Tue, 04 Aug 2020 15:33:43 GMT

BaFin inspects Wirecard's accounts

On Tuesday, the German financial regulatory authority stated it is performing an inspection of the accounts for Wirecard AG, the outcome can be beneficial to the prosecutors.

Tue, 04 Aug 2020 13:57:30 GMT

Ralph Lauren posts bigger revenue loss

Ralph Lauren posted on Tuesday a bigger-than-anticipated 66% drop in its Q2 revenue, as the fashion house was hit by the coronavirus-caused store and outlet closures across the world.

Tue, 04 Aug 2020 12:42:42 GMT

Bayer drops to €9.5B Q2 net loss

Germany's drugs and pesticides company Bayer plunged to a €9.5B net loss in its Q2, after the litigation charges related to its disputes with the $63B Monsanto takeover.

Tue, 04 Aug 2020 12:30:07 GMT

PizzaExpress UK outlet closures, job cuts

On Tuesday, the privately-owned restaurant group PizzaExpress announced it would likely to close about 15% of its restaurants located in the United Kingdom that could lead to 1,1K job cuts amid restructuring plan to trim its debt.

Tue, 04 Aug 2020 11:13:29 GMT

Booking.com plans major staff layoffs

The US travel website Booking.com is planning to cut a quarter of its 17K employees due to losses during the COVID-19 pandemic, NRC Handelsblad said on Tuesday.

Tue, 04 Aug 2020 10:14:11 GMT

French treasury halts Morgan Stanley from bond deals

France's state treasury has made a decision to issue a three-month suspension of Morgan Stanley from some of the French treasury bond deals due to problems the financial holding company had regarding certain past deal executions.

Tue, 04 Aug 2020 09:14:26 GMT

SoftBank posts 4% rise in Q1 profit

On Tuesday, SoftBank Corp, the Japanese wireless carrier, reported a 4% jump in its Q1 operating profit, topping analyst estimates, driven by its internet and enterprise businesses.

Tue, 04 Aug 2020 08:22:57 GMT

Goldman picks new ECM director for Australia, New Zealand

Goldman Sachs Group appointed Ian Taylor as its new equity capital markets head for Australia and New Zealand, according to the bank's Australian spokeswoman.

Tue, 04 Aug 2020 06:52:57 GMT

Chipotle plans to add 10K new jobs

Chipotle Mexican Grill is planning to hire 10K new employees in the following month due to rebounding sales, as the fast-casual chain seeks to reach its another target.

Tue, 04 Aug 2020 06:33:48 GMT

Lordstown Motors plans IPO

Lordstown Motors is set to launch an initial public offering by merging with DiamondPeak Holdings, the blank-check company, and valuing the electric carmaker at $1.6B.

Tue, 04 Aug 2020 05:30:01 GMT

US car sales keep showing recovery signs

The US new car sales continued to show the recovery signs after the COVID-19 crisis, as Toyota Motor reported its lowest sales slowdown in July since the pandemic hit the auto sector in March.

Tue, 04 Aug 2020 03:53:20 GMT

Google announces first 5G-enabled phones

Google has unveiled its first 5G-enabled Pixel smartphones line-up and is planning the official sales launch already this fall at the price starting from $499.

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