News

Note: This section contains information in English only.
Sat, 25 Jul 2020 17:46:03 GMT

Japan and Britain protect encryption

Nikkei revealed on Friday that Japan and Britain would include in their trade deal the defence of private encryption keys.

Sat, 25 Jul 2020 17:21:19 GMT

Coronavirus causes sell off

During Friday's trading session a global stock sell off was caused by countries reporting record coronavirus case growth.

Sat, 25 Jul 2020 15:49:08 GMT

Centrica sells North American business

On Friday, Centrica stated that the company would sell its daughter company Direct Energy for a sum of $3.63 billion to NRG Energy.

Sat, 25 Jul 2020 15:12:54 GMT

Congress delays tech hearing

The US House Judiciary Committee revealed on Friday that it would postpone its Monday's hearing of top tech firm CEOs.

Sat, 25 Jul 2020 13:43:26 GMT

Boeing delays 777X

On Friday, the Boeing Company announced that it would delay its new 777X model, as the demand for large airplanes globally had declined.

Sat, 25 Jul 2020 12:42:28 GMT

Intel stock dives

Intel stock ended Friday's trading with a 16.2% drop, as the chipmaker reported a production delay of a new chip.

Sat, 25 Jul 2020 11:43:31 GMT

Microsoft teams up with NBA

On Friday, Microsoft revealed that it has teamed up with NBA to put virtual fans in basketball arenas.

Sat, 25 Jul 2020 10:45:50 GMT

Crude oil prices surge

Crude oil price benchmarks ended the week's trading with a surge higher, as the US Dollar experienced a decline.

Sat, 25 Jul 2020 10:14:24 GMT

Global stocks decline

During Friday's trading, global stock indices ended the day's trading with a global decline, which was caused by a resurgence of coronavirus cases.

Sat, 25 Jul 2020 08:41:21 GMT

Gold reaches high level

During Friday's trading hours, gold price per ounce reached above the 1,900.00 mark, which is close to the all-time high.

Sat, 25 Jul 2020 07:58:32 GMT

Elon Musk antagonistic towards US stimulus packages

On Friday, the Chief Executive Officer of Tesla raised concerns about the upcoming US stimulus packages aimed at supporting individuals and businesses during the coronavirus-caused turbulences.

Sat, 25 Jul 2020 07:34:43 GMT

Coronavirus cases surge globally

Many countries, including the US, India, Japan, Brazil and Australia have reported a record-high number of single-day COVID-19 infections during the past week, the rise of infections tied to reliefs in social distancing restrictions.

Sat, 25 Jul 2020 05:41:21 GMT

US, Russia to conduct space security talks next week

Russia and the United States are set to hold bilateral talks next week regarding space security, their first such negotiations since 2013, after Washington alleged that Russia had tested an anti-satellite weapon earlier this month.

Sat, 25 Jul 2020 04:42:56 GMT

AmEx profit plunges 85% on pandemic effect

American Express, the credit card issuer, posted an 85% plunge in its quarterly profit after setting aside about $628M amid potential flood of defaults triggered by the coronavirus-led layoffs.

Sat, 25 Jul 2020 03:50:29 GMT

Intel shares drop on manufacturing retreat

Intel's shares dropped as much as 15% after the American chipmaker signalled it is likely to give up producing its own components due to falling far behind the schedule for the development of its newest technology.

Sat, 25 Jul 2020 02:59:00 GMT

Schindler plans 2K layoffs over two years

Swiss elevator maker Schindler is planning to cut 2K jobs in two years after it reported a 21% drop in its Q2 net profit to 188M Swiss francs ($203.27M), Reuters reported.

Fri, 24 Jul 2020 20:45:48 GMT

Cineworld, AMC shares drop on cancelled premieres

Shares of the cinema operators AMC and Cineworld dropped on Friday, as Disney suspended the "Mulan" release, another Hollywood tentpole that was pushed back due to theatres remaining largely closed because of the COVID-19 crisis.

Fri, 24 Jul 2020 19:43:55 GMT

Dutch court halts Mediaset's merger deal

Dutch court suspended a planned merger between Mediaset, the Italian top commercial broadcaster, and its Spanish division under the Dutch holding entity, sources familiar with the issue reported on Friday.

Fri, 24 Jul 2020 18:44:07 GMT

Mexico posts 27K formal job loss this month

On Friday, the President of Mexico Andres Manuel Lopez Obrador stated the country had cut 27K formal job positions in July amid the global coronavirus crisis.

Fri, 24 Jul 2020 18:00:43 GMT

Schlumberger sees deeper cost cuts

Schlumberger, the oilfield services giant, revealed on Friday it was planning deeper cost cuts, following a report about $3.7B charge as well as a second consecutive quarterly loss due to major layoffs and pipeline outage.

Fri, 24 Jul 2020 16:42:23 GMT

Verizon tops estimates for Q2 revenue

On Friday, Verizon Communications beat forecasts for its Q2 revenue and profit results, boosted by strong demand for the company's internet and phone services during the coronavirus lockdowns.

Fri, 24 Jul 2020 16:24:00 GMT

Pharma stocks plunge on drug price orders

The Invesco Dynamic Pharmaceuticals ETF dipped 1.7% on Friday after the US President Donald Trump signed orders intended to reduce drug prices.

Fri, 24 Jul 2020 15:25:08 GMT

Amex reports losses in Q2 2020

The US financial services corporation American Express reported an 85% drop in quarterly profits, based on their Q2 2020 report published on Friday.

Fri, 24 Jul 2020 14:12:00 GMT

Russia to reopen international flights on August 1

Russia's Prime Minister Mikhail Mishustin stated on Friday the country would resume its international flights from Moscow, St Petersburg and Rostov-on-Don on August 1.

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