News

Note: This section contains information in English only.
Wed, 01 Jul 2020 04:05:27 GMT

Thailand regulates food and online delivery services

According to a top government official, Thailand's Office of Trade and Competition Commission has approved rules to regulate online and food delivery services.

Wed, 01 Jul 2020 03:03:00 GMT

Australia to boost defence spending

Australia plans to spend about $184.8 billion on military assets over the next ten years, the country's Prime Minister Scott Morrison would announce on Wednesday.

Wed, 01 Jul 2020 01:48:48 GMT

SAMA encourages commercial banks to lend more

The Governor of the Saudi Arabian Monetary Authority Ahmed al-Kholifey called for more lending from commercial banks to support businesses during the COVID-19 crisis.

Tue, 30 Jun 2020 20:11:31 GMT

Crude oil prices decline

During Tuesday's US trading hours, crude oil price benchmarks continued to decline, as a resurgence of coronavirus cases occurred globally.

Tue, 30 Jun 2020 18:42:36 GMT

Mexico unemployment grows

Data published on Tuesday, revealed that since March Mexico has lost 12 million jobs.

Tue, 30 Jun 2020 18:27:06 GMT

Airbus cuts jobs

On Tuesday, the airplane maker Airbus announced that it would increase its job cutting program to 15,000.

Tue, 30 Jun 2020 16:41:51 GMT

Dropping fleet sales affect US car market

Plunging demand from rental automakers, government agencies and corporations affected car sales in the United States during the COVID-19 pandemic, signalling the recovery likely to be slow, Reuters reported on Tuesday.

Tue, 30 Jun 2020 15:41:06 GMT

Wirecard's former execs face criminal complaint

The former Wirecard's CEO Markus Braun and COO Jan Marsalek are facing a criminal complaint filed by Austria's lawyer at the Vienna court, accusing them of serious fraud and market manipulation.

Tue, 30 Jun 2020 14:41:07 GMT

LVMH sees pandemic to weaken sales

LVMH stated on Tuesday that the coronavirus crisis impact will hurt the luxury goods group's earnings a while longer, despite there were some recovery signs this month.

Tue, 30 Jun 2020 14:14:40 GMT

SLA names ex-Citi executive as new head

Standard Life Aberdeen announced on Tuesday its CEO Executive Keith Skeoch was set to step down and Stephen Bird, the former Citi executive, would replace him at this position.

Tue, 30 Jun 2020 12:41:58 GMT

Puma to halt ads on Facebook throughout July

Puma, the German sportswear brand, is eager to pause all of its paid advertising on Facebook and Instagram social media platforms across the world throughout July, joining the boycott over the hostile conversations spread on sites.

Tue, 30 Jun 2020 12:18:17 GMT

Shell to write $22B off the asset value

On Tuesday, Royal Dutch Shell announced it would write down as much as $22B of its assets following sharply lowering its price outlook for oil and gas amid the coronavirus pandemic.

Tue, 30 Jun 2020 10:42:36 GMT

Airbus plans restructuring, including job cuts

Airbus is set to announce restructuring on Tuesday that will likely include thousands of layoffs, union sources reported.

Tue, 30 Jun 2020 09:44:05 GMT

Oil prices decline on Tuesday

During Tuesday's European trading session, crude oil price benchmarks declined, as a speculated return of Libyan oil production was revealed.

Tue, 30 Jun 2020 08:41:04 GMT

Commerzbank explores 7K more layoffs

Commerzbank's supervisory board is considering 7K more job cuts, in addition to 4K redundancies up to 2023 unveiled last autumn, the BoeZ said on Tuesday.

Tue, 30 Jun 2020 06:41:56 GMT

Postmates revives plans for IPO

Postmates has renewed its plans for launching an IPO amid the US online food delivery deal boom, according to sources familiar with the company's listing plans.

Tue, 30 Jun 2020 06:28:55 GMT

Australia seeks boosting its cyber security

Australia is planning to spend A$1.35B during the following ten years to bolster the country's cyber security defences, its Prime Minister Scott Morrison announced on Tuesday.

Tue, 30 Jun 2020 05:06:56 GMT

Japan industrial output declines 8.4%

Japan's industrial output decreased 8.4% month-over-month in May to 79.1, underscoring the coronavirus impact on factory activity and the overall business.

Tue, 30 Jun 2020 04:04:22 GMT

Airbus close to cutting jobs

Airbus finalised a restructuring plan involving thousands of job cuts, as the CEO confirmed intention to hold production down 40% for two years.

Tue, 30 Jun 2020 03:21:15 GMT

Prosus reports profit increase 6.7%

The technology investor Prosus NV reported that its net profit for the year to March 31 grew a better-than-expected 6.7% to $3.82B, supported by strong growth at Tencent.

Mon, 29 Jun 2020 20:53:23 GMT

Coty to purchase 20% stake in KKW

Coty Inc announced that it would purchase a stake of 20% in KKW, the makeup brand of Kim Kardashian West, looking to cash in on the demand for its products.

Mon, 29 Jun 2020 19:41:31 GMT

Fed rolls out PMCCF programme

The Federal Reserve has launched its Primary Market Corporate Credit Facility, a programme to stabilise financial markets following the COVID-19 pandemic, saying it is available for use starting from Monday.

Mon, 29 Jun 2020 18:41:05 GMT

Merkel expects EU leaders to agree on budget

Germany's Chancellor Angela Merkel is hoping that the EU bloc's leaders will agree on the next recovery fund and budget at the summit set for July 17/18, Reuters reported on Monday.

Mon, 29 Jun 2020 17:41:39 GMT

Amazon to spend $500M on one-time bonuses

On Monday, Amazon.com stated it would pay $500M in one-time bonuses to the company's front-line workers and partners who were working during the coronavirus pandemic through June 2020.

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