News

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Mon, 10 Aug 2020 16:53:42 GMT

Latvian consumer prices rise

Consumer prices in Latvia increased 0.5% in July, compared to the same period the prior year, data published by the national statistics office show.

Mon, 10 Aug 2020 16:32:42 GMT

Finland manufacturing orders decline

Manufacturing orders in Finland declined 11.8% in June this year, compared to the same period the previous year, data published by the Statistics Finland show.

Mon, 10 Aug 2020 15:30:53 GMT

Hong Kong exports to decline 10% in 2020

Hong Kong's exports are expected to decline 10% in 2020 amid the coronavirus pandemic, a statement published by the Hong Kong Trade Development Council shows.

Mon, 10 Aug 2020 14:22:06 GMT

Kodak shares drop $765M loan deal ban

Eastman Kodak shares dropped around 40% on Monday after the United States had blocked its $765M loan to the firm, which was set to produce drug ingredients for the potential COVID-19 vaccines usage.

Mon, 10 Aug 2020 12:58:06 GMT

Marriott's quarterly loss beats estimates

On Monday, Marriott International, the US hotel operator, reported a larger-than-anticipated quarterly loss, tumbled by the coronavirus crisis that halted global travel and caused a major drop in room bookings.

Mon, 10 Aug 2020 11:41:12 GMT

France's July economic activity at 7% below normal level

French July economic activity came at 7% below the normal levels, showing a slight improvement compared to June on the construction sector getting closer to the pre-coronavirus outbreak activity levels, while industrial capacity usage rose higher.

Mon, 10 Aug 2020 11:06:48 GMT

Commercial insurance rates rise 19% in Q2

Commercial insurance rates surged 19% in the Q2 globally, boosted by claims related to the coronavirus and other losses, according to the insurance broker Marsh's report seen on Monday.

Mon, 10 Aug 2020 10:20:24 GMT

Microsoft carves out TikTok parts

On Monday, it was revealed by Reuters that Microsoft would buy up parts of TikTok from the Chinese owner ByteDance.

Mon, 10 Aug 2020 08:42:28 GMT

Simon, Amazon discuss retail space conversion

Simon Property Group has entered talks with Amazon.com over converting some of its retail space, previously occupied by Sears Holdings and J.C. Penney Co, into Amazon's fulfilment centres, according to The Wall Street Journal.

Mon, 10 Aug 2020 08:34:46 GMT

Equinor names Opedal as new CEO

On Monday, Equinor has appointed Anders Opedal as its new CEO effective from November 2 as Norway's gas and oil group seeks to accelerate its push into the renewable energy.

Mon, 10 Aug 2020 05:00:19 GMT

Hyundai shares surge by 10.20%

On Monday, Hyundai Motor shares surged by 10.20% after the company announced that it would launch a new family of Ioniq electric vehicles brand.

Mon, 10 Aug 2020 04:01:07 GMT

China's factory deflation eases in July

According to data from the Chinese National Bureau of Statistics, China's producer price index fell by 2.4% in July.

Mon, 10 Aug 2020 03:02:10 GMT

China's CanSino to begin Phase III clinical trials

The Chinese vaccine maker CanSino Biologics will soon begin the Phase III clinical trials of the COVID-19 vaccine in Saudi Arabia, a spokesperson from the Saudi Health Ministry announced on Sunday.

Mon, 10 Aug 2020 01:46:37 GMT

UK authority investigates Barclays

The UK privacy watchdog has launched an investigation into Barclays Plc after media reports accused the bank of spying on its staff.

Sun, 09 Aug 2020 19:42:55 GMT

Eastman Kodak's loan put on hold

The loan agreement between the US government and Eastman Kodak was put on hold because of allegations of wrongdoing, the DFC reported on Sunday.

Sun, 09 Aug 2020 19:36:26 GMT

Credit Suisse to cooperate with insurers

Credit Suisse Chairman Urs Rohner stated on Sunday that the bank is planning to widen its cooperation with retail insurance companies.

Sun, 09 Aug 2020 17:59:56 GMT

Canadian canola prices surge

Canada's canola prices have surged to the highest level in almost two years, as exporters found back door to China.

Sun, 09 Aug 2020 17:02:07 GMT

GCC asks UN to extend arms embargo on Iran

According to a statement from the secretariat of the GCC, the Gulf Cooperation Council has requested the United Nations to prolong the arms embargo on Iran.

Sun, 09 Aug 2020 16:01:07 GMT

Trump threatens to suspend payroll tax

The US President Donald J. Trump promised to unilaterally suspend payroll tax if no agreement on the COVID-19 stimulus bill.

Sun, 09 Aug 2020 14:42:02 GMT

Credit Suisse seeks cooperation with insurers

Credit Suisse is seeking cooperation expansion with insurers, the Swiss bank's Chairman Urs Rohner announced on Sunday, adding the potential projects is likely to cover insurance, events or credit cards.

Sun, 09 Aug 2020 13:47:41 GMT

Qualcomm calls on US to supply Huawei with chips

The US chipmaker Qualcomm is lobbying the United States to revoke its restrictions on the components sale to China's Huawei Technologies, after the Chinese tech giant was blacklisted, according to The WSJ.

Sun, 09 Aug 2020 12:44:04 GMT

Huawei to halt flagship chipsets production

Huawei Technologies is planning to halt the production of the flagship Kirin chipsets starting from the next month due to the impact of the US pressure on China's tech giant, according to the financial magazine Caixin.

Sun, 09 Aug 2020 12:29:53 GMT

UK watchdog probes Barclays on spying allegations

The UK privacy watchdog ICO has launched an investigation into Barclays Plc over potential spying on staff by the British bank, according to the agency's statement made on Sunday.

Sun, 09 Aug 2020 10:48:48 GMT

Saudi Aramco notes oil demand recovery

Amin Nasser, the CEO of Saudi Aramco, stated on Sunday that demand for gas and oil in Asian countries almost returned to pre-pandemic levels.

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