Business & Finance News
Finland’s Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology .
Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry’s first big casualty of the coronavirus outbreak.
Facebook Inc on Thursday confirmed that a contractor at a Seattle office has been diagnosed with the coronavirus and the social media giant said it would close that location until March 9.
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
ProSiebenSat.1 Media said on Thursday its e-commerce arm NuCom would buy U.S. dating app developer Meet Group Inc , as the German broadcaster doubles down on digital growth to offset its declining commercial TV franchise.
Apple Inc and Netflix Inc said they were pulling out of the South by Southwest music and tech festival to be held later this month, amid the coronavirus outbreak.
Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
British regional airline Flybe said early on Thursday it entered into administration, as the already struggling carrier failed to withstand the plunge in travel demand caused by coronavirus.
British regional airline Flybe said on Thursday it had entered into administration, as the already struggling carrier failed to withstand the plunge in travel demand caused by the coronavirus outbreak.
Mexico’s private sector has drawn up a broad package of proposed energy investments for the government worth almost $92 billion, according to a document seen by Reuters on Wednesday, providing a potential lift to the country’s misfiring economy.
Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
Apple Inc is pulling out of this month’s South by Southwest music and tech festival amid the coronavirus outbreak, a company spokesman said on Wednesday.
Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.
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