News

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Sun, 26 Apr 2020 16:20:54 GMT

Israeli firms raise capital

On Sunday, Israel's Corsight AI revealed that it has raised $5 million for the development of facial recognition software.

Sun, 26 Apr 2020 14:45:26 GMT

French PM reveals new plan

It was revealed on Sunday by Reuters that the Prime Minister of France would reveal a lockdown ending plan on Tuesday.

Sun, 26 Apr 2020 14:04:05 GMT

Italy announces business reopening

On Sunday, the Italian Prime Minister Giuseppe Conte stated to a newspaper that business in Italy would reopen on May 4.

Sun, 26 Apr 2020 12:46:46 GMT

Tesla calls back workers

Bloomberg News revealed on Sunday that Tesla has called some of its workers in California back to work.

Sun, 26 Apr 2020 11:44:00 GMT

Daimler comments on China

On Sunday, Daimler Benz revealed that its car sales in China have increased in April, compared to March.

Sun, 26 Apr 2020 10:52:01 GMT

Pemex asks for pay cuts

On Sunday, Reuters revealed that Petroleos Mexicanos is requesting its staff to take a 25% pay cut.

Sun, 26 Apr 2020 10:22:17 GMT

MUFG plans job cuts

It was revealed on Sunday by Yomiuri that the Mitsubishi UFJ Financial Group would cut its staff by a total of eight thousand by 2023.

Sun, 26 Apr 2020 08:42:31 GMT

Elbit Systems reveals contract

On Sunday, the Israeli defence firm Elbit Systems revealed that it had received a $103 million electronic warfare contract from an unnamed Asian country.

Sun, 26 Apr 2020 07:42:31 GMT

US airlines receive aid

The US Treasury announced on Saturday that it would provide additional $9.5 in aid to US airlines.

Sun, 26 Apr 2020 07:30:39 GMT

Boeing cancels Embraer deal

On Saturday, Boeing announced that the Brazilian airplane maker Embraer has not met the requirements for Boeing to buy a stake of its business.

Sun, 26 Apr 2020 05:41:04 GMT

Deutsche Bank refuses to give info on Trump

On Saturday, it was revealed that Deutsche Bank has refused to give US Senators information about deals made by Donald Trump.

Sun, 26 Apr 2020 05:31:14 GMT

Trump warns US Postal Service

The President of the United States announced on Friday that he could cut aid for US Postal Service due to no raising prices for Amazon.com.

Sun, 26 Apr 2020 03:52:31 GMT

Philippine central bank comments on economy

On Saturday, the central bank of Philippines announced that the country's economy is set to shrink for the first time in twenty years.

Sat, 25 Apr 2020 20:53:18 GMT

Japan Airlines looks for funding

On Saturday, public broadcaster NHK revealed that Japan Airlines could borrow up to $2.8 billion.

Sat, 25 Apr 2020 19:42:38 GMT

Greek Finance Minister comments on economy

The Finance Minister of Greece announced on Saturday that the country's economy could shrink up to ten percent in 2020.

Sat, 25 Apr 2020 18:42:30 GMT

US evaluates buying out companies

On Friday, the Treasury Secretary of the United States Steven Mnuchin stated that the government is considering buying stakes in US energy companies.

Sat, 25 Apr 2020 18:11:11 GMT

Air France-KLM secures aid funding

Air France-KLM announced on Friday that it would receive seven billion Euros in government aid.

Sat, 25 Apr 2020 16:47:23 GMT

US companies ignore backlash

On Saturday, large companies announced that they would not pay back the funds acquired by taking advantage of loopholes of the US small business loan program.

Sat, 25 Apr 2020 16:08:28 GMT

Airbnb reveals recovery in China

Data published by Airbnb revealed on Saturday that bookings of living space have doubled in China in April, compared to March.

Sat, 25 Apr 2020 14:42:16 GMT

UK insurers pay out claims

It was revealed by British insurers on Saturday that they would pay out nearly 1.2 billion GBP in coronavirus associated claims.

Sat, 25 Apr 2020 13:43:51 GMT

Russia needs major loan

On Saturday, the Finance Minister of Russia Anton Siluanov stated that the government would need to borrow $13.44 billion to cover a non-oil and gas revenue fall.

Sat, 25 Apr 2020 12:51:35 GMT

VW to extend plant suspension in Mexico

Germany's carmaker Volkswagen is planning to extend a suspension of its operations at the Puebla production plant located in Mexico until May 18 amid the coronavirus pandemic.

Sat, 25 Apr 2020 12:13:16 GMT

Nestle CEO sees 2020 vigorous for M&A deals

Nestle is expecting 2020 a busier year for merger and acquisition deals, as the Swiss food giant seeks expansion of its business, its CEO Mark Schneider stated.

Sat, 25 Apr 2020 11:36:30 GMT

AmEx to trim spending by $3.0B amid crisis

American Express is set to cut its spending by about $3.0B this year after the quarterly profit plunged 76% as the credit card issuer set aside money to to survive the coronavirus-hit economy.

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