International News
China's Xi calls for international collaboration to cut emissions
Chinese President Xi Jinping urged countries to work together to reduce their carbon emissions at a US-led summit on Thursday.
Facebook to start testing ads on Instagram Reels feature
Facebook announced on Thursday it would start testing ads on its Instagram Reels in India, Brazil, Germany and Australia.
US existing home sales undershoot forecasts in March
Sales of second hand homes in the US undershot came in below forecasts in March due to a mix of higher prices, higher mortgage rates and a dearth of available supply.
Weekly US jobless claims surprise to the downside again
US jobless claims continued to slip lower, contrary to economists' expectations.
Etihad Airways to stop operating Boeing 777-300ER jets in 2021
Abu Dhabi's Etihad Airways announced on Wednesday it would no longer operate Boeing 777-300ER jets after 2021, its chief executive said.
Credit Suisse announces capital raise, shares take hit
Credit Suisse shares were knocked lower after the investment bank announced that it would go cap in hand to shareholders after sustaining a further hit from the blowup of hedge fund Archegos.
ECB stays put on policy, leaves door open to PEPP 'recalibration'
European Central Bank policymakers stood pat on policy, reiterating their intention to up the ante on bond purchases and, apparently, while leaving all their options open.
Orsted and ATP join forces for bid on North Sea energy island
Orsted and ATP will submit a joint bid in the upcoming tender for the Danish North Sea energy island.
Jaguar Land Rover to suspend work at UK plants over chip shortage
Jaguar Land Rover announced a temporary halt in production at Halewood and Castle Bromwich due to the global shortage of computer chips.
US pre-open: Futures slightly lower after the Street's first positive session in three days
Wall Street futures were relatively flat ahead of the bell on Thursday after major averages recorded some serious gains in the previous session.
EU prepares case against AstraZeneca for failed vaccine deliveries
The European Commission is working on legal proceedings against AstraZeneca after the drugmaker failed to deliver the Covid-19 vaccines that it had been contracted for with the European Union.
French business sentiment dips in April due to weakness in services, INSEE says
French business sentiment worsened a tad in April, due to the hit to services sector activity from lockdowns, but economists continued to expected a strong pick up in overall economic growth in the back half of 2021.
Europe close: Stocks bounce after court gives go-ahead to EU rescue fund
European stocks finished the session moderately higher albeit only after the drubbing endured the day before, as investors responded positively to earnings updates from Heineken and semiconductor maker ASML.
Hackers steal Apple product plans from supplier Quanta
A group of hackers named REvil reportedly stole and published product blueprints from Apple’s supplier Quanta Computer and were holding other blueprints under $50m ransom.
FDA finds undesirable conditions at plant that ruined millions of vaccine doses
The US Food and Drug Administration said that it had found poor and unsanitary conditions at the Baltimore plant that had ruined millions of Johnson & Johnson Covid-19 vaccine doses.
EU sets out classification for 'green investments'
The European Union has rolled out its classification system for what constitutes a "green investment" in order it was hoped to help investors better channel money towards the sector.
Daimler to cut shifts for 18,500 workers due to chip shortage
Daimler was forced to put up to 18,500 workers in Germany on short-time shifts due to the impact of the global shortage of chips.
Football shares tumble after Super League collapses
Shares in football clubs were sharply lower on Wednesday, after plans to launch a European Super League collapsed just days after they were first announced.
Germany's top court gives go-ahead to ratification of EU recovery fund
Germany’s top court allowed the country to proceed with the ratification of the European Union’s €800bn pandemic recovery fund.
US pre-open: Futures mixed as Netflix weighs heavily on Nasdaq
Wall Street futures were mixed ahead of the bell on Wednesday, with tanking Netflix shares weighing on the Nasdaq Composite.
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