US jobless benefit claims push lower and labour market momentum slowing October 22, 2020 Initial claims for state unemployment benefits totalled a seasonally adjusted 787,000 for the week ended 17 October, down from 842,000 in the prior week, the Labor Department said today.
Sportswear giant Adidas ‘mulls Reebok sale’ October 22, 2020 German sportswear company Adidas is planning to sell its Reebok division, Germany's manager magazine reported today.
Tesla cracks revenue record and beats estimates, shares take off October 21, 2020 Tesla on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8bn (£6.7bn), boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will [...]
RSA, Hiscox and others drop appeal against Covid-19 business interruption insurance payout rulings October 21, 2020 The appeals linked to the Resilience, Eaton Gate Retail, and Eaton Gate Pubs & Restaurants business interruption insurance policies have now been dropped.
Netflix subscriber numbers fall short as Covid-19 lockdown boost fizzles October 20, 2020 Netflix tonight posted the weakest new subscriber numbers in four years as streaming competition increased, lockdowns eased and live sports returned to television. The company added 2.2 million paid Netflix subscribers globally during the quarter to 30 September, missing Wall Street’s target of 3.4 million. Earnings per share also landed below analyst expectations at $1.74. [...]
Monte dei Paschi ex-boss and former chairman sentenced to jail and ordered to pay damages to bank’s savers October 20, 2020 Former Monte dei Paschi chairman Alessandro Profumo, former CEO Fabrizio Viola were accused of not correctly booking two derivative transactions between 2012 and 2015.
Lagos imposes 24-hour lockdown amid protests against Nigeria’s police October 20, 2020 Lagos imposes 24-hour lockdown amid protests against Nigeria's police
Russia on cyber offensive to sabotage Olympic Games in Tokyo October 19, 2020 Dominic Raab today said there have already been attempts by Russian military intelligence to disrupt the 2020 Olympic Games in Tokyo with malicious cyberattacks.
Nokia named as NASA partner to build mobile network on the moon October 19, 2020 Finland tech infrastructure company Nokia has been selected by Nasa to build the first mobile network on the moon, the company said today.
Wetherspoon to cut jobs after plunging to annual loss October 16, 2020 J D Wetherspoon (JDW) said this morning it has started a consultation process to reduce positions at its airport pubs and that it would cut 108 jobs at its head office after the pub operator plunged to an annual loss. Wetherspoon, which employed around 43,000 people at the end of its last financial year, posted [...]
