Friday, September 25, 2020
Investors slashed $50 billion from Tesla Inc's  market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years. Tesla’s...
Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make...
The eurozone economy shrank by 12.1 per cent in the second quarter of 2020 compared to the previous one — the biggest drop on record, Eurostat announced on Friday. Gross Domestic Product (GDP) for the whole European Union is meanwhile...
There is still no agreement among EU leaders on a massive coronavirus recovery package after three days of intense meetings in Brussels. Leaders left the marathon summit early Monday morning and are set to resume talks in the afternoon. Talks have...
Nike Inc  on Thursday reported a loss for the fourth quarter, as retailers had to shut stores for weeks due to lockdowns spurred by the COVID-19 pandemic, sending shares of the world’s largest footwear company down 3.5%. The company’s wholesale...
Britain’s Rolls-Royce  said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic. Rolls-Royce, which supplies engines for large aircraft such as...
The White House let its 2-week-old economic reopening guidelines expire on Thursday as half of all U.S. states forged ahead with their own strategies for easing restrictions on restaurants, retail and other businesses shuttered by the coronavirus crisis. The enormous...
A towering machine rumbles through the fields of Julio Rinco’s farm in the Brazilian state of Sao Paulo, engulfing whole coffee trees and shaking free beans that are collected by conveyor belts in its depths. This automatic harvester is one...
The development of offshore deposits discovered in the Black Sea is necessary in order to avoid the significant increase of dependence on gas imports and represents a sine-qua-non condition to be able to rely on natural gas in the...
Britain’s biggest carmaker Jaguar Land Rover  is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty. The firm is...

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