Finance

by | May 29, 2020 | 14:42

The COVID-19 crisis "only adds to the emergency of this plan". It will close one site in France, in Choisy-le-Roi, in the Paris suburb, which employs about 250 people. Renault has been rocked by turbulence since the shock arrest of ex-chief Carlos Ghosn in 2018, which exposed deep rifts in its alliance with Japanese partners Nissan and Mitsubishi.

by | May 29, 2020 | 14:40

Gaming revenues bounced back until earlier this year when the coronavirus pandemic emptied casino floors and hammered the industry. He was the former Portuguese colony's richest tycoon, a lavish spender and accomplished ballroom dancer who wielded great influence both in Macau and in neighbouring Hong Kong while - according to U.S.

by | May 29, 2020 | 10:55

They see the company being a "clear" competitor to the likes of Tesla Inc. and General Motors Co. and the potential for Amazon to compete in ride-sharing and food delivery. Officially, "Zoox has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest", it tells Bloomberg's Roof and Soper.

by | May 29, 2020 | 09:57

While BMW has revealed the 5-Series and 6-Series GT facelift, Mercedes has unwrapped 2021 E-Class convertible and coupe models. The first delivers of the new E Class Coupe and Cabriolet will arrive in later summer and the cars have had a number of upgrades over the previous models.

by | May 29, 2020 | 06:50

Kohl's, Nordstrom and Gap all rose at least 14% on Wednesday while Delta Airlines rose 2.6%, while American took on 7.5%, Alaska picked up 2% and United rose 3.8%. On the other hand, the defensive Utilities Index is up almost 2%. The S&P 500 has soared about 38 per cent from its low hit in March as a restart in business activity after weeks of shutdown and massive amounts of stimulus measures to support the economy drove hopes of a recovery.

by | May 29, 2020 | 02:27

On the back of the card, just below the CVC number, you will also see: Money Network® This card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. The IRS said people should watch out for stimulus scams by fraudsters using email, phone calls or texts related to the payments who will try to fool you out of your benefit.

by | May 28, 2020 | 22:31

It implies shed tasks and also financial possibilities today, along with shed energy supply that we could well require tomorrow, as soon as the economic climate recuperates. The IEA estimates that energy investments will be down by $400 billion, with the majority of slashed spending coming from the oil and gas sector, with investments down $244 billion compared to 2019.

by | May 28, 2020 | 19:42

New York City has been hit hard, with more than 20,000 deaths from COVID-19, the illness caused by the coronavirus , and many businesses remain closed as the most populated US city remains under lockdown. Several thousand brokers and others used to crowd the trading floor as recently as the 1990s. By Tuesday afternoon, the United States has reported over 1.67 million COVID-19 cases and more than 98,700 deaths, still the worst-hit in the world, according to a tally kept by Johns Hopkins ...

by | May 28, 2020 | 18:39

Banks and retailers were posting strong gains on hopes that life can inch back toward normal as governments relax stay-at-home orders, after plummeting to some of the market's worst losses earlier this year when worries about the recession were peaking.

by | May 28, 2020 | 13:24

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi , will have each company focusing on geographic regions. "There is no plan for a merger of our companies", the chairman said. Also made in Barcelona is the e-NV200 electric van which, according to reports, could be built at Renault's plant in Maubeuge, France.

by | May 28, 2020 | 11:59

At the rear, we get lights much like the 3-series, but tweaked for this car's more premium aesthetic. Other features include a four-zone automatic climate control system, electrically adjustable rear seats (optional), a panoramic sunroof, a premium Bowers & Wilkins audio system and more.

by | May 28, 2020 | 03:25

Boeing had said it would cut 10 percent of a work force that numbered about 160,000. The coronavirus outbreak only deepened Boeing's instability. "Our global locations also are working through workforce reductions that will be communicated locally on their own timelines in accordance with local laws and benefit terms", Calhoun said.

by | May 28, 2020 | 02:40

The S&P 500 closed above 3,000 for the first time since early March. Amid the recent gains, USA tensions with China have cast a cloud on markets. Kohl's climbed 14.5% and Nordstrom jumped 16.8%. All 50 states in the United States have reopened in some ways. Though the S&P 500 is now only off 6% for the year, the economy still remains dogged by steep unemployment and reduced consumer spending.

by | May 28, 2020 | 01:59

This is the largest single outbreak of COVID-19 at a South African mine to date after Impala Platinum announced a week ago that 19 cases had been detected at its Marula mine in Limpopo province and some 30 cases were reportedly identified at the premises of the Dwarsrivier chrome mine, owned by investment company, Assore .

by | May 28, 2020 | 01:54

Italy and Spain would receive more than €300bn in grants and loans as part of the package, called Next Generation EU . Poland comes third with 53.8 billion, split into 37.693 in aid and 26.146 in loans, while France will get 38.7 billion and Germany 28.8, in both latter cases exclusively in non-repayable aid.

by | May 27, 2020 | 12:59

The most obvious adjustment comes in the form of thoroughly revised split headlights that features a T-shaped LED daytime running light to really differentiate the new Santa Fe from the outgoing model, as well as other vehicles in Hyundai's family of models.

by | May 27, 2020 | 08:25

In some bankruptcy scenarios, an airline can reject aircraft leases, and Latam has more than 20 jetliners on order from Airbus SE and half a dozen from Boeing Co. had filed for bankruptcy. LATAM said it raised up to $900m to support operations through its bankruptcy reorganisation from major shareholders, including the Cueto family which controls the airline and Qatar Airways.

by | May 26, 2020 | 21:38

Andrew Pollard, the head of the Oxford Vaccine Group, said: "The clinical studies are progressing very well and we are now initiating studies to evaluate how well the vaccine induces immune responses in older adults, and to test whether it can provide protection in the wider population".

by | May 26, 2020 | 16:13

BANGKOK (AP) - South America's biggest airline sought Chapter 11 bankruptcy protection Tuesday as it grapples with the sharp downturn in air travel sparked by the coronavirus pandemic. Latin America and the Caribbean have reported more than 41,000 virus deaths and over 766,000 total cases, according to an AFP tally. In 2019, the group carried a record 74 million passengers, 5.4 million more than in 2018, and had launched 26 new routes.

by | May 26, 2020 | 07:41

Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the airline wrangling over how much control to yield in return for financial support. The state's WSF rescue fund plans to refrain from exercising voting rights at regular shareholder meetings under the bailout deal, which still requires approval by shareholders and the European Commission , Lufthansa said.

by | May 26, 2020 | 06:24

Chinese Foreign Minister Wang Yi warned that the USA was potentially pushing toward "a new Cold War" with China after U.S President Donald Trump promised strong US action if the laws are passed. "The main focus will likely remain on continuing evidence that the number of new COVID-19 cases is slowing in developed countries, progress towards medical solutions, the reopening of economies and signs that economic activity is picking up".

by | May 26, 2020 | 03:58

The company's schtick is that waiting for access to a launch pad is a drag and that plane-carried rockets can therefore get your kit into space with less waiting and from more parts of the world. But Virgin Orbit wants to make a less expensive version of the launch. The time is right for the small satellite launch market, Hart said on Saturday.

by | May 26, 2020 | 03:26

Such a ruling would be the first major legal setback for VW in its home country, although the scandal has helped drag the entire auto sector - one of Germany's most vital industries - into a historic crisis. Both Volkswagen and Gilbert appealed the decision: the company because it believed that it did not have to pay compensation and the buyer for not receiving the full purchase price.

by | May 25, 2020 | 19:41

The Bellwoods bonanza, which was too big and boozy for police and bylaw officers to reasonably ticket all rule breakers, raises questions about how Canada's largest city can convince young people to follow the rules, what limits it can reasonably place on access to the public outdoor spaces craved by people without the privilege of having private backyards or balconies, and how it will enforce distancing rules as quarantine fatigue sets in.

by | May 25, 2020 | 18:28

Activitist Tam Tak-chi was arrested during the protests for what police said was an unauthorized assembly. An online stream showed protesters throwing objects at police. By worldwide law, Hong Kong is considered a semi-autonomous region of the Chinese state since being returned to the country after 156 years of British rule, under the principle of "one country, two systems", meaning that Hong Kong enjoys certain civil liberties not afforded to Chinese counterparts.