Business News
Amazon to hire 3,000 people in South Africa for customer service roles
Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.
Month: June 2020
Business News
Ford to offer hands-free driving in 2021 – six years after Tesla
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.
Business News
Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal – sources
The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.
Business News
KKR to buy Dutch vacation park operator Roompot
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.
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Wirecard shares plunge 60% on delayed results, looming loan crunch
German payments company Wirecard said that its auditor had refused to sign off on its 2019 accounts, sending its shares 60% lower on Thursday as it warned the delay could mean billions in loans are called in as early as Friday. Wirecard said that auditor EY had informed it that sufficient evidence could not be found for 1.9 billion euros ($2.1 billion) in cash balances on trust accounts – or around a quarter of its balance sheet total. There were indications, Wirecard added, that these balances were “spurious” and had been provided “in order to deceive the …read more […]
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Stock market history says a V-shaped rally makes total sense: Morning Brief
Top news and what to watch in the markets on Thursday, June 18, 2020. …read more […]
Business News
U.S. Chamber urges China to accelerate purchases of U.S. goods
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.
Business News
Automakers rev up U.S. assembly lines, wary of outside risks to workers
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.
Business News
JPMorgan gets China’s nod for first fully foreign-owned futures business
China on Thursday approved JPMorgan’s application to operate the first fully foreign-owned futures business, as the world’s second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.
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Oil Shows Signs of Stronger Demand, But Virus Dangers Lurk
(Bloomberg) — The oil market showed signs of tighter supply as key gauges of its health rallied, although concerns remain over a resurgence in coronavirus cases in China and the U.S.Futures in London and New York gained, while Brent for August was trading above the September contract, a sign of scarcer supply in Europe’s physical market. Oil prices in the North Sea and Russia has soared in recent days, while the amount of crude stored on ships is falling.“The physical market is strong,” said Ben Luckock, co-head of oil trading at Trafigura Group Ltd. “There’s good demand for North Sea …read more […]
Business News
Sharp learning curve for bosses as WFH goes global
Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom’s Czech operations in the city of Brno, was frustrated with staff video calls. His team didn’t like turning on their cameras and the discussion was stilted.
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Hertz Drops 7% In Pre-Market After Suspension of $500 Million Share Offering
Shares in debt-strapped Hertz Global Holdings (HTZ) dropped 7% in pre-market trading after the car rental company suspended a planned $500 million share offering.The stock sank to $1.86 in pre-market trading. Bankrupt Hertz said it withdrew the offering until further notice after the U.S. Securities and Exchange Commission (SEC) said that it has put its share prospectus under review.“After discussions with the [SEC] Staff, sales under the Program were promptly suspended pending further understanding of the nature and timing of the Staff’s review,” Hertz said in a SEC filing.The share offering was announced after a bankruptcy judge last Friday approved …read more […]
Business News
Oil prices tick up amid mixed signals from U.S. data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.
Business News
Stocks drift as second wave virus fears mount
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.
Business News
PepsiCo drops Aunt Jemima branding; Uncle Ben’s, others under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.