It is no secret that airlines are working round the clock to cope with challenges. Moreover, the rising coronavirus cases in Europe and other parts of the world, have the potential to inflict additional damage to the airline industry. For example, American Airlines posted another big quarterly loss. It is not surprising as the coronavirus …
American Airlines Lost More than $2 Billion in the Quarter Read More »
In less than a month, Sony will launch its latest video home video console PlayStation 5. Interestingly, Sony’s new console offers more than gaming. Customers who would like to stream movies and TV shows on Netflix or play music on Spotify will appreciate Sony’s decision. Importantly, its next-generation console will support some of the more …
Sony’s Next Generation Console and New Opportunities Read More »
The world’s largest economy is struggling to cope with problems created by the coronavirus pandemic. Unfortunately, many people from New York to Los Angeles lost their jobs. Moreover, it won’t be easy to replace so many jobs lost in 2020. Hopefully, new filings for jobless claims in the U.S. totaled 787,000 last week. Interestingly, this …
Weekly Jobless Claims in the U.S. and Coronavirus Read More »
Gold was up on Friday morning in Asia’s precious metals despite a stronger dollar. The U.S. presidential candidates President Trump and Democratic candidate Biden made their cases in the final debate. Investors continued to track progress on the latest stimulus measures. By 12:14 AM ET (4:14 AM GMT), gold futures climbed 0.20% at $1,908.35. The …
Gold Up, Strengthening Dollar, Presidential Debate Read More »
The dollar steadied at the end of a poor week in forex exchange on Friday. It shed about a cent against the euro and suffered its largest weekly drop against the yen in a month. Investors began to bet on a Joe Biden presidency and a big U.S. stimulus. In the Asia session, daily moves …
The Coca-Cola Company is a famous multinational corporation headquartered in Atlanta. The company’s third-quarter revenue fell 9% as the coronavirus pandemic affected the demand for fountain soft drinks, Powerade, and Dasani. Nevertheless, the company topped earnings estimates, despite all challenges. The quarter ended on September 25. Let’s have a look at the results to learn …
Coca-Cola’s Third-Quarter Revenue Fell 9% Due to Coronavirus Read More »
Facebook is one of the most popular social media platforms in the world. It is worth mentioning that, Facebook made an important announcement on Thursday. It expanded its dating service to Europe. Interestingly, the purpose of the platform, known simply as “Facebook Dating” is to help users find partners thanks to their common interests such …
Microsoft (MSFT) announced on Thursday its plans to buy alternative jet fuel for some Alaska Airlines flights. This is the company’s latest effort to reduce carbon emissions. This time, it’s those generated by its frequent business travel. The coronavirus pandemic has hurt air travel demand, particularly for lucrative business trips. But even the maker of …
On Wednesday, the International Monetary Fund (IMF) released its latest Regional Economic Outlook report for Asia and the Pacific. This report contains interesting details. Let’s have a look at the report to learn more about the situation. Unfortunately, Asia’s economic contraction this year will be worse than expected. It makes sense as several emerging markets …
Latest Regional Economic Outlook and Risk Factors Read More »
The dollar edged higher in early European forex trade on Thursday. Traders cautiously studied the ongoing negotiations in Washington over a potential new U.S. stimulus package. The Dollar Index was up 0.1% at 92.713 at 2:55 AM ET (0655 GMT). It slightly rebounded after falling to its lowest level since Sept. 2 overnight. Elsewhere in …
Cathay Pacific is the flag carrier of Hong Kong, as well as one of the founding members of the Oneworld Alliance. Interestingly, shares of Cathay Pacific jumped 2.27% on October 21, after the company made an important announcement. Hong Kong’s flag carrier made the decision to close its subsidiary Cathay Dragon. The airline used to …
The Turkish lira sees its strongest form in two weeks as investors wait for the central bank’s decision. The TRY forces the USD slightly lower in the trading sessions this Wednesday, allowing bears to take a breather. However, the newfound strength of the lira still wasn’t enough to take down the bloc’s single currency. The …
Turkish Lira Stands Stronger Ahead of Central Bank Decision Read More »
On October 20, the tech giant added Windows app support to Chromebooks. Interestingly, Google cooperated with a software company called Parallels to fulfill this goal. It is worth mentioning that, Chrome OS is a Gentoo Linux-based operating system designed by Google. Importantly, Chrome OS will now boot a full version of Windows inside a virtual …
Following the crude inventory build-up reported in the United States, oil and petroleum prices see bearish tides this Wednesday. Investors are acting cautiously as they fear the global supply glut that could be worsened soon. See, the number of coronavirus cases around the world continues to rise. Experts believe that the globe is facing another …
Oil and Petroleum Prices Slip After US Oil Inventory Report Read More »
Countries across the world have to deal with numerous challenges created by the coronavirus pandemic. Moreover, in the case of developing countries, it is even harder to solve all problems. Interestingly, the International Monetary Fund (IMF) downgraded its outlook for the Middle East and Central Asian economic recovery, projecting a 4.1% contraction for the region …
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