Daimler sees operating loss ahead in Q2 over virus
German carmaker Daimler warned Wednesday that it would likely make an operating loss in the `second quarter due to the impact of the coronavirus pandemic.
Apr 29, 2020
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Page 7 - News tagged with financial markets
Automotive
Coronavirus calls into question PSA-Fiat Chrysler merger
Will they or won't they? On top of massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger of PSA Group and Fiat Chrysler (FCA), financial sources told AFP.
Mar 25, 2020
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Business
Apple shares skid on worries over coronavirus impact
Apple shares slumped on Wall Street Tuesday after the US tech giant warned of a bigger-than-anticipated financial hit from the coronavirus epidemic, roiling financial markets.
Feb 18, 2020
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Business
Volvo Cars and owner Geely consider merger deal
Swedish automaker Volvo Cars and its owner Chinese automaker Geely Holding said Monday they are considering combining their businesses to create a company that "would accelerate financial and technological synergies between ...
Feb 10, 2020
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Business
UK approves restricted 5G role for China's Huawei
Britain on Tuesday gave the green light to a limited role for Chinese telecoms giant Huawei in the country's 5G network, in a decision that left the United States "disappointed" after it called for a total ban.
Jan 27, 2020
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Machine learning & AI
What we can learn about ourselves from studying financial trading bots
In 2019, the world fretted that algorithms now know us better than we know ourselves. No concept captures this better than surveillance capitalism, a term coined by American writer Shoshana Zuboff to describe a bleak new ...
Jan 16, 2020
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Business
Infosys profits jump 23.5% as probe finds no proof of wrongdoing
India's second-largest IT outsourcing firm Infosys on Friday announced a 23.5 percent jump in its quarterly net profits, beating estimates as it declared that an internal probe had found no evidence of misconduct by its top ...
Jan 10, 2020
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Business
Crypto-currencies and criminality: myth or reality?
The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies—their use by criminals.
Nov 3, 2019
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Business
Stormclouds gather for Facebook's Libra currency
International outcry is mounting over Facebook's Libra—with central banks, governments and regulators railing against the social media giant's upstart cryptocurrency.
Sep 13, 2019
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Business
Hong Kong Stock Exchange unveils shock £32bn bid for London rival
The Hong Kong Stock Exchange has bid almost £32 billion for its London rival in a shock move Wednesday to bring together two of the world's largest financial hubs in Asia and Europe.
Sep 11, 2019
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