News

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Thu, 25 Jun 2020 20:46:35 GMT

Blackstone names Alphabet CFO to board

On Thursday, Blackstone Group named Alphabet's Chief Financial Officer Ruth Porat as a new member of its board of directors.

Thu, 25 Jun 2020 19:52:00 GMT

ECB backs bond buys

The ECB policymakers defended the $2.24 trillion of government bond purchases, the European Central Bank said in its minutes of the June 4 meeting.

Thu, 25 Jun 2020 19:09:02 GMT

Norway to lift travel restrictions on EU

On Thursday, the Norwegian PM Erna Solberg announced that Norway would lift travel barriers on the European nations that meet conditions regarding their coronavirus situation from July 15.

Thu, 25 Jun 2020 17:52:14 GMT

US stocks decline on Thursday

On Thursday, Wall Street's main indexes edged lower, as signs of an acceleration in coronavirus cases in the United States kept investors on edge.

Thu, 25 Jun 2020 17:04:59 GMT

Global equity benchmarks decline

On Thursday, global equity markets edged lower, as concerns about a surge in COVID-19 cases in the US outweighed support from a gradual reopening of global economies.

Thu, 25 Jun 2020 16:18:47 GMT

Kering plans to launch Italy lab

The France-based luxury clothing brand owner Kering declared to open a chemical laboratory in Tuscany, Italy. The beginning of work planned in early 2021.

Thu, 25 Jun 2020 15:27:28 GMT

Wirecard owes $4B to debtors

After filing for insolvency on Thursday, the recently troubled German financial services provider Wirecard is stated to have $4B debt to its creditors.

Thu, 25 Jun 2020 13:53:39 GMT

Macy's to slash 3,9K jobs

Macy's Inc is planning to lay off around 3,9K workers in management and corporate positions with intention to help counter some of the COVID-19 pandemic's losses.

Thu, 25 Jun 2020 13:34:47 GMT

Orange's arm likely to replace Wirecard

Orange's banking unit is likely to replace the company's partnership with Wirecard, the stricken German payments firm, already this August, its senior executive stated on Thursday.

Thu, 25 Jun 2020 12:11:44 GMT

Wirecard files for insolvency on Thursday

On Thursday, Wirecard has filed for insolvency following disclosure of a $2.1B financial hole in the payments company's accounts, becoming first DAX member to fail.

Thu, 25 Jun 2020 11:20:05 GMT

Ford ties up with Vodafone over 5G

Ford Motor and Vodafone Group have teamed up over private 5G network in the United Kingdom at the automaker's electric car battery facility, both firms announced on Thursday.

Thu, 25 Jun 2020 10:04:39 GMT

Lufthansa shares jump on bailout backing

On Thursday, Lufthansa shares surged as much as 10% after the key shareholder approved the $10B government bailout for Germany's carrier, Reuters reported.

Thu, 25 Jun 2020 08:55:06 GMT

Amazon to construct new Australian facilities

Retail giant Amazon is set to expand its Australian operations building a new warehouse in Sydney, while also exploring locations for its giant facility planned in Melbourne, according to the Australian Financial Review.

Thu, 25 Jun 2020 08:01:45 GMT

Philippines to search Wirecard's phantom billions

The Philippines will investigate Wirecard's missing $2.1B, after it said that the ex-COO of the German payments company, Jan Marsalek, might be in the country.

Thu, 25 Jun 2020 06:41:37 GMT

Tencent acquires Malaysia's Iflix

On Thursday, Tencent announced it had acquired Malaysia's Iflix, the video streaming platform, in a deal that would help to expand its footprint in Southeast Asia.

Thu, 25 Jun 2020 06:15:57 GMT

Tesla to build battery manufacturing facility

Tesla Inc is planning to establish a battery manufacturing facility, based in California, under a project called "Roadrunner", official documents showed.

Thu, 25 Jun 2020 05:03:31 GMT

Mitie in talks to buy part of Interserve

Mitie Group was in advanced discussions to buy facilities management arm of Interserve for more than £250M, Sky News reported.

Thu, 25 Jun 2020 04:11:30 GMT

TIM to cash in €1.6B from INWIT stakes sale

Telecom Italia stated that it was set to cash in €1.6B from selling stakes in mobile tower group INWIT, as the phone group pushes ahead with debt reduction.

Thu, 25 Jun 2020 03:29:18 GMT

Apple buys Fleetsmith

Apple acquired San Francisco-based startup Fleetsmith, whose technology helps businesses to manage Apple's iPad and Mac devices among their employee bases.

Wed, 24 Jun 2020 21:41:16 GMT

GoDaddy: restructuring to impact 12% workforce

Web hosting firm GoDaddy revealed a restructuring plan affecting about 12% of total workforce, or 814 employees, amid the fallout from the coronavirus crisis.

Wed, 24 Jun 2020 19:52:26 GMT

UK's airports suggest 20k jobs at risk

The UK Airport Operators Association suggested on Wednesday that up to 20K jobs were at risk at UK's airports, as travel decline continues.

Wed, 24 Jun 2020 19:02:09 GMT

EA prolongs licensing contract with La Liga

On Wednesday, Electronic Arts extended its partnership with the Spanish La Liga for the exclusive FIFA rights until 2030.

Wed, 24 Jun 2020 18:01:54 GMT

Toyota holds $293M shares in Uber

According to Toyota's governance report published on Wednesday, the Japanese automaker Toyota Motor holds a $293 million shares in Uber.

Wed, 24 Jun 2020 16:59:34 GMT

Singapore selects Ericsson, Nokia to build 5G networks

Singapore's telecoms operators announced on Wednesday that they had selected Ericsson and Nokia to build 5G networks.

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