Shares of Uber closed down 6.8% to $18.91 per share Tuesday, while other tech stocks rebounded, after the…
Category: News
Coronavirus: Hospitality industry ‘faces thousands of closures’
The hospitality industry has warned the new government restrictions around coronavirus could shut down firms. Read…
Exclusive: Shale gas pioneer Chesapeake Energy taps restructuring advisers – sources
The Oklahoma City-based company, which was co-founded by late wildcatter Aubrey McClendon, was struggling with its…
US airlines used up spare cash buying back shares
America’s biggest airlines have called on Washington for more than $50bn (£41bn) in aid as they…
BMW releases details of its new electric car to rival Tesla
BMW released Tuesday the details of an electric concept car, with production of the vehicle expected…
Coronavirus is already impacting the UK economy, Bank of England’s Carney says
The United Kingdom is already seeing an economic impact from the coronavirus outbreak, the outgoing Bank…
‘Nolo beer’ sales rocket thanks to young teetotallers
Sales of no or low alcohol beer are up 30% since 2016, as 18-24 year olds…
Eurozone bank tries to ease coronavirus crisis
The European Central Bank (ECB) has announced steps to tackle the economic impact of the coronavirus…
Saudi Arabia unveils plans to maximize oil output, escalating a price war with Russia
OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes…
US companies in China are finding it harder to make money
As growth slows in the world’s second-largest economy, U.S. companies are looking for more reasons why…
Saudi Arabia and Russia are playing hardball and waiting for each other to blink in the oil standoff, say analysts
The standoff between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other “blink first,” an…
Coronavirus: Korean Air fighting for ‘survival’
Korean Air has warned the coronavirus outbreak could threaten its survival in a memo sent to…