Recent Posts - page 411

• China Proposes New Draft Digital Rules Targeted At Chinese Internet Giants

  By admin2 on November 12, 2020 • ( 0 )

  

  A set of new rules aimed at clamping down on the market power of the country’s biggest internet companies has been proposed by China. According to analysts, the proposed regulations indicate the growing unease of the Chinese regulators with the… Read More ›

• Deutsche Telekom’s Q3 results beat analysts’ average estimate, issues revised earnings guidance

  By admin1 on November 12, 2020 • ( 0 )

  

  On Thursday, in a statement Deutsche Telekom said, it is revising its earnings guidance following an upbeat forecast in its third-quarter results, with its U.S. unit T-Mobile outperforming analysts’s average estimate. The news of Deutsche Telekom upping the guidance of its core profit… Read More ›

• Australia lends $1 billion to Indonesia to help fight COVID-19 pandemic

  By admin1 on November 12, 2020 • ( 0 )

  

  In a statement on Thursday, Indonesia’s finance minister Sri Mulyani Indrawat said, Jakarta has signed a $1.09 billion (A$1.5 billion) loan agreement with the Australian government. The money will be used to help fight the coronavirus-induced COVID-19 pandemic which emerged… Read More ›

• Singapore-Hong Kong travel bubble signals return to near-normal for travel industry

  By admin1 on November 11, 2020 • ( 0 )

  

  In a development that marks the re-establishment of overseas travel links between countries, Hong Kong and Singapore have announced that they will lift quarantine requirements for visiting foreigners. In a statement Singapore’s Transport Minister and Hong Kong’s Commerce Secretary said,… Read More ›

• Pfizer’s positive news on COVID-19 vaccine triggered $2 trillion trades on bourses

  By admin1 on November 11, 2020 • ( 0 )

  

  According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›

• Norwegian Air will run out of cash in early 2021: CEO Jacob Schram

  By admin1 on November 10, 2020 • ( 0 )

  

  While reporting its third quarter results, Norwegian Air, which likes its peers has been ravaged by the coronavirus-induced COVID-19 pandemic which has brought the global travel industry to a standstill, said it is likely to run out of cash in… Read More ›

• DoJ clears Uber Technologies Inc’s bid to acquire Postmates for $2.65 billion

  By admin1 on November 10, 2020 • ( 0 )

  

  According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›

• Federal prosecutors to probe ‘substantial allegations of voting and vote tabulation irregularities’: U.S. Attorney General William Barr

  By admin1 on November 10, 2020 • ( 0 )

  

  In a significant development, U.S. Attorney General William Barr authorized federal prosecutors to pursue investigations into “substantial allegations of voting and vote tabulation irregularities,” while urging prosecutors not to chase “fanciful or far-fetched” claims. Barr’s letter to prosecutors marks the… Read More ›

• Bankruptcy Court rescues J.C. Penney Co from bankruptcy proceedings averting liquidation

  By admin1 on November 10, 2020 • ( 0 )

  

  A U.S. judge has approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings averting its liquidation that would have placed the beleaguered department store chain out of business and jeopardized thousands of jobs. Following the approval from… Read More ›

• European COVID-19 lockdowns denting demand for oil: IEA

  By admin1 on November 9, 2020 • ( 0 )

  

  According to an official from the International Energy Agency (IEA), if Europe sees renewed lockdown measures to contain rising cases of the coronavirus-induced COVID-19 pandemic it could push back the outlook for the global demand for oil towards a downward… Read More ›

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