News

Note: This section contains information in English only.
Tue, 19 May 2020 17:06:37 GMT

German Continental issues €1.5B debt

The German auto-parts supplier Continental issued €1.5B worth of debt to increase liquidity reserves, a statement published by the company shows.

Tue, 19 May 2020 16:32:11 GMT

UK unemployment claims rise

UK unemployment claims soared by 69.1% in April, compared to the prior month, a statement published by the Office for National Statistics shows.

Tue, 19 May 2020 15:28:49 GMT

German economic sentiment improves

German economic sentiment improved in May, compared to the prior month, data published by the Leibniz Centre for European Economic Research show.

Tue, 19 May 2020 13:44:32 GMT

Mitsubishi Motors to trim costs amid profit slump

Mitsubishi Motors is planning to cut its fixed costs by at least 20% or more during the following two years after posting an 89% slump in the carmaker's annual profit.

Tue, 19 May 2020 12:51:07 GMT

Booking's Agoda slashes 1,5K jobs

Bookings Holdings Inc's Agoda, the online travel agency based in Asia, has slashed 1,5K jobs and cut expense due to weaker demand in the global travel sector caused the coronavirus pandemic.

Tue, 19 May 2020 12:06:53 GMT

Japan's Sharp posts 37% profit decline

Japan's Sharp Corp reported on Tuesday a 37% drop in its full-year operating profit and withheld the earnings outlook release for 2020 due to uncertainty over the coronavirus crisis.

Tue, 19 May 2020 10:00:41 GMT

Sony buys out subsidiary

On Tuesday, Sony announced that it would buy out Sony Financial Holdings for 400 billion yen.

Tue, 19 May 2020 09:38:47 GMT

Uber slashes 23% of its workforce

Uber Technologies has shifted its focus to its core ride-hailing and food delivery businesses, after cutting 23% of the company's workforce, seeking to become more profitable despite the crisis caused by the coronavirus pandemic.

Tue, 19 May 2020 07:46:53 GMT

Disney's Mayer to become TikTok's new CEO

Kevin Mayer, Walt Disney's top streaming executive, is set to leave the theme and entertainment parks giant, as he was appointed as TikTok's Chief Executive, both companies announced.

Tue, 19 May 2020 06:47:44 GMT

Tesla's China vehicle registrations drop 64% mom in April

Tesla's China car registrations plunged as much as 64% to 4,633 units month-on-month in April from March's 12,709 reading, according to the data revealed by LMC Automotive.

Tue, 19 May 2020 06:36:28 GMT

Nasdaq to toughen listing rules for Chinese IPOs

Nasdaq Inc is planning to unveil its new restrictions on IPOs, mainly for China, making it harder for Chinese firms to debut on the stock exchange, according to Reuters.

Tue, 19 May 2020 04:40:34 GMT

Thyssenkrupp seeks partners

Thyssenkrupp announced on Monday that it would seek partners for its warship and steel production divisions.

Tue, 19 May 2020 04:30:58 GMT

JC Penney closes down stores

On Monday, J.C. Peney announced that it would shut down almost 242 stores as a part of its bankruptcy.

Tue, 19 May 2020 02:51:11 GMT

Lagarde praises new EU fund

The President of the European Central Bank stated on Monday that she approves of the creation of a 500 billion Euro EU recovery fund.

Mon, 18 May 2020 20:44:12 GMT

Delta to restart few routes

On Monday, Delta Air Lines announced its plans to revive its flying operations at some major routes starting from June, after all of them were suspended amid the coronavirus pandemic.

Mon, 18 May 2020 20:43:52 GMT

France and Germany propose 500 billion fund

On Monday, France and Germany proposed the creation of a 500 billion Euro Recovery Fund, which would give grants to firms in the EU.

Mon, 18 May 2020 18:40:29 GMT

US car industry starts recovering after lockdown

The US auto industry is slowly recovering after the lockdowns caused by the COVID-19 outbreak with some of car assembly factories reopening and suppliers ready to back the sector that employs about 1M people.

Mon, 18 May 2020 17:42:19 GMT

IMF head says economic recovery unlikely next year

On Monday, the International Monetary Fund's chief stated it was unlikely for the global economy to recover in 2021 after the damaging effect the coronavirus outbreak had on the world.

Mon, 18 May 2020 16:47:01 GMT

Accor secures €560M credit line

France's hotel group Accor, the owner of Ibis and Sofitel, secured a new €560M banking credit facility, after being hit hard during the coronavirus crisis.

Mon, 18 May 2020 15:53:07 GMT

JDE Peet's to launch IPO this week

Coffee firm JDE Peet's is expected to announce its intention to launch IPO on the Euronext stock exchange in Amsterdam, aiming to raise up to €2B.

Mon, 18 May 2020 14:49:44 GMT

Total cancels plan to buy Oxy's Ghana assets

Total announced that it called off plans to buy Occidental Petroleum's assets in Ghana due to the extraordinary market environment.

Mon, 18 May 2020 14:07:20 GMT

Hertz Global names new CEO

On Monday, Hertz Global Holdings has named Paul Stone as the company's Chief Executive, following concerns raised by the US car rental firm related to its operations after a bigger Q1 loss.

Mon, 18 May 2020 13:19:28 GMT

Apple resumes services in 25 more US stores

Apple Inc is set to reopen over 25 of its US stores this week, continuing to resume its services and processes and will soon top 100 open stores worldwide.

Mon, 18 May 2020 12:39:04 GMT

Panasonic sees battery cells demand growth from Tesla

Panasonic Corp's Finance Chief stated the firm was expecting strong demand for its battery cells from the US partner Tesla, adding that they have entered talks over their Nevada joint plant expansion.

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