News

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Tue, 17 Mar 2020 10:45:38 GMT

S. Korea to issue measures on dollar funding shortage easing

On Wednesday, South Korea is set to announce new measures to ease the dollar funding squeeze in the local market, the government said to Reuters.

Tue, 17 Mar 2020 09:49:05 GMT

Coronavirus shuts India's Taj Mahal, Mumbai

India has closed it main tourist site Taj Mahal and the Mumbai financial hub, ordering offices that provide non-essential services to send half of their staff home in the country's efforts to prevent the coronavirus spread.

Tue, 17 Mar 2020 08:41:23 GMT

Danske Bank expects lower net income

Denmark's lender Danske Bank anticipated lower net income in 2020 and suspended this year's forecasts amid uncertainty in the macroeconomic outlook linked to coronavirus.

Tue, 17 Mar 2020 07:47:49 GMT

Samsung Elec introduces AGM electronic voting

Samsung Electronics has introduced electronic voting for the 2020 annual general meeting, scheduled for March 18, calling on shareholders to use this method to prevent the coronavirus spread.

Tue, 17 Mar 2020 06:50:15 GMT

Teleconference apps show growth in demand

The teleconference business apps, such as WeChat Work, Slack, Tencent Conference and Microsoft Teams, have shown a surge in demand due to the coronavirus outbreak that triggered changes in the work processes of many corporations.

Tue, 17 Mar 2020 05:42:27 GMT

Bill Gates resigns from Microsoft board

Bill Gates, Microsoft Corp's co-founder and the man who made the tech giant one of the most valuable technology companies in the world, has stepped down from its board, seeking to shift focus to climate change, global health and education.

Tue, 17 Mar 2020 04:45:08 GMT

Amazon to hire 100K workers to cope with online orders

Amazon.com Inc is planning to hire 100K delivery and warehouse workers in the US amid surge in its online orders caused by the coronavirus spread that made consumers shift to online shopping.

Tue, 17 Mar 2020 03:51:45 GMT

Norwegian Air to halt 85% flights, lay off 90% staff

Norwegian Air is set to cancel 85% of the carrier's flights and lay off 7,3K of its employees due to the growing coronavirus crisis, until the situation becomes more favourable, as the outbreak has hit the air travel demand.

Mon, 16 Mar 2020 22:58:26 GMT

Cowen sees Nike's sales drop $3.5B by Q4

Nike Inc's revenue is likely to plunge by 34% or $3.5B in the Q4, according to Cowen, as the sportswear firm struggles from store shutdowns and supply disruptions due to the coronavirus outbreak.

Mon, 16 Mar 2020 19:42:22 GMT

Renault to shut down production in France

France's carmaker Renault announced that it halted production at 12 industrial sites in France until further notice because amid the coronavirus outbreak, affecting 18K workers.

Mon, 16 Mar 2020 19:02:57 GMT

Cowen sees Nike's sales drop $3.5B by Q4

Nike Inc's revenue is likely to plunge by 34% or $3.5B in the Q4, according to Cowen, as the sportswear group struggles from store shutdowns and supply disruptions due to the coronavirus outbreak.

Mon, 16 Mar 2020 17:55:51 GMT

Lockheed Martin's CEO to step down

Lockheed Martin Corp's veteran Marillyn Hewson is set to step down as the company's CEO and will be replaced by James Taiclet, the American Tower Corp's boss and Lockheed's board member.

Mon, 16 Mar 2020 16:42:12 GMT

Norwegian Air to halt 85% flights, lay off 90% staff

Norwegian Air is set to cancel 85% of the carrier's flights and lay off 7,3K of its employees due to the growing coronavirus crisis, until the situation becomes more favourable, as the outbreak has hit the air travel demand.

Mon, 16 Mar 2020 15:44:45 GMT

VW's Portugal plant cuts output by 16%

Volkswagen's Autoeuropa vehicle assembly factory in Portugal has trimmed its daily production by 16% due to a shortage of working people after the country ordered schools shut down amid the outbreak of coronavirus.

Mon, 16 Mar 2020 15:09:22 GMT

France fines Apple €1.1B for anti-competitive behaviour

On Monday, France's competition watchdog has fined Apple Inc €1.1B for abuse of the economic dependence on Apple's resellers and anti-competitive behaviour seen in the company's distribution network.

Mon, 16 Mar 2020 12:41:54 GMT

ECB prepared for further action against virus

On Monday, the European Central Bank's policymaker Robert Holzmann stated that ECB would intervene in the government bond markets, in case it was necessary, to help the countries hit by the coronavirus outbreak.

Mon, 16 Mar 2020 11:57:01 GMT

Germany to close its air borders

Baden-Wuerttemberg, the German southwestern state, is set to suspend air travel in the following days amid the coronavirus spread, a spokesman stated on Monday, adding it considers exceptions for air freight.

Mon, 16 Mar 2020 10:47:18 GMT

Sportswear firms join retailers closing stores amid virus

Nike Inc, Under Armour and Lululemon Athletica announced they would shut down offline stores in the US and other markets, following the rising number of major retailers seeking to help limit the coronavirus spread.

Mon, 16 Mar 2020 10:26:19 GMT

Stocks continue to decline

On Monday, global stock indices continued to fall despite central banks increasing monetary easing measures.

Mon, 16 Mar 2020 09:00:19 GMT

Britain to make further announcements on coronavirus measures

On Monday, Britain is eager to make further announcements about the taken measures to contain coronavirus, Dominic Cummings, the senior adviser to the Prime Minister Boris Johnson, told Reuters.

Mon, 16 Mar 2020 07:53:50 GMT

China warns of main risk from imported coronavirus cases

On Monday, the Chinese foreign ministry warned about imported coronavirus cases that involve travellers entering China from abroad became the main risk.

Mon, 16 Mar 2020 07:39:08 GMT

Airlines cut schedules, jobs and pay on travel restrictions

Airlines around the globe are forced to slash their flying schedules, trim jobs and seek aid from governments after many countries tightened their border restrictions amid the fast spreading of coronavirus.

Mon, 16 Mar 2020 05:43:14 GMT

New Zealand expects economy decline amid virus

The Prime Minister of Jacinda Ardern stated on Monday that the impact of coronavirus pandemia on the contry's economy would be signifficant.

Mon, 16 Mar 2020 05:32:41 GMT

BoJ decides to ease policy further

The Bank of Japan (BoJ) has decided on Monday to ease its monetary policy further by acquiring more ETFs and other risky assets.

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