Developers Planning To Build First Floating Wind Power Plant In Mediterranean Sea
The 750 million euro ($845 million) “7SeasMed” project will be comprised of 25 floating wind turbines each producing up to 10 megawatts of power.
Scandal-Plagued Wirecard Claims Missing $2 Billion Does Not Even Exist
Wirecard has until Friday to release its revised 2019 financial statement
Covid-19 Economy: U.S. Shale Oil Companies Facing Massive Losses, Bankruptcies And Consolidation
The U.S. shale oil industry allowed the country to become energy independent
India’s Largest State-Owned Lender, State Bank Of India, May Allow ‘Work-From-Home’ To Become Permanent Option
The State Bank of India, which has about 250,000 employees, said it will allow its staff to work remotely in an effort to prevent the spread of COVID-19, reduce operational costs and improve employee productivity.
Monday’s Stock Market Open: US Equities Struggle For Direction As Covid-19 Cases Spike
U.S. stocks opened mixed on Monday on worries that a resurgence of virus could hurt economic recovery
Aer Lingus Plans To Cut 500 Jobs, Drastically Reduce Salaries
Aer Lingus is a subsidiary of IAG
Belarusian Opposition Figures, Candidates Detained Ahead Of Elections As Lukashenko Seeks Sixth Term
Lukashenko has ruled Belarus for 26 years
Friday’s Stock Market Close: US Equities Mixed As Covid-19 Fears Swirl, Apple To Close 11 Stores
U.S. stocks were mixed on Friday over renewed fears of the coronavirus pandemic
China Grants Tariff Exemptions To 97% Of Bangladesh’s Imported Products
China is Bangladesh’s largest trading partner
Canada Agrees To Sell Military Drone Equipment To Turkey Despite Arms Embargo
Canada and Turkey are NATO allies
Saudi Arabian Wealth Fund Invests $1.5 Billion In Jio Platforms, India’s Top Mobile Operator
Jio Platforms has nearly 400 million subscribers in India
Gold Miners Must Invest $37 Billion Over Next Five Years To Maintain Pre-Covid-19 Production Rates
Wood Mackenzie warned many gold projects may be stalled
Friday’s Stock Market Open: US Equities Rise Despite Worries Over Covid-19 Resurgence, Oil Above $40
U.S. stocks rose on Friday as China plans to accelerate purchases of U.S. farm goods.
Thursday’s Stock Market Close: US Equities Mixed As Covid-19 Fears Persist Amid Disappointing Jobless Data
U.S. stocks were mixed on Thursday as initial jobless claims topped 1 million for 13th straight week
Saudi Aramco Cuts Hundreds Of Jobs, But Commits To Paying Dividend
About 80,000 people work at Saudi Aramco
Indonesia’s Central Bank Cuts Interest Rates, Lowers 2020 GDP Forecast
Bank Indonesia has cut rates three times this year.
Chinese Online Retail Giant JD.com Debuts Successfully On Hong Kong Stock Exchange
Analysts expect more Chinese stocks to list in Hong Kong
Thursday’s Stock Market Open: US Equities Fall As Weekly Jobless Claims At 1.5 Million, Covid-19 Fears Linger
U.S. stocks fell on Thursday as initial jobless claims topped 1 million for 13th straight week
Bank Of England Increases Bond Buying Program, Keeps Interest Rates Unchanged
Bank’s asset purchase program now exceeds $900 billion
The Strange Saga Of Hertz, The Bankrupt Company Trying To Sell Nearly Worthless Shares
On May 22, the company filed for bankruptcy.
Wednesday’s Stock Market Close: US Equities Finish Mixed, Ending Three-Day Rally
U.S. stocks finished mixed on Wednesday as Fed chief Powell said the central bank will eventually buy individual corporate bonds.
Can China Instead Of The IMF Save Lebanon’s Crippled Economy?
Lebanon’s economy has been ravaged by plunging currency, paralyzing debt burdens
Air France Preparing For 8,300 Voluntary Job Cuts Following Huge State Bailout
Air France employs about 46,000 people
Amid Political Tensions, Chinese Automaker Invests $1 Billion In Indian Plant
GWM is China’s largest SUV manufacturer
HSBC Resumes Plan To Cut 35,000 Jobs, Faces Criticism Over Hong Kong Security Law
HSBC is seeking to pivot towards its Asian markets
Wednesday’s Stock Market Open: US Equities Rise On Good Housing Data As Traders Seek To Extend 3-Day Rally
U.S. stocks gained on Wednesday although worries over coronavirus linger.
Tuesday’s Stock Market Close: US Equities Soar On Record Surge In May Retail Sales, Trump’s $1T Infrastructure Plan
U.S. stocks gained on Tuesday as traders cheered potential new stimulus
Softbank Group Seeking To Raise $20 Billion Through Partial Sale Of Stake In T-Mobile
Softbank owns about 25% of T-Mobile
Amid Covid-19 Pandemic, Nepal’s Low-Caste Dalits Suffer From Surge In Violence
Nepal abolished the caste system decades ago
Britain’s Largest Automaker Jaguar Land Rover To Cut 1,000 Jobs, Indian Parent Tata Motors Posts Huge Quarterly Loss
JLR’s parent Tata Motors posted a huge March quarter loss
