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.
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.
The dollar and world equity markets rose on Wednesday as investors were cheered by a strong showing by Joe Biden in the U.S. Democratic presidential primaries, though an economy-weakening coronavirus outbreak kept investors on tenterhooks, with bond yields falling.
U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.
Crude oil prices were mixed, giving up early gains despite expectations that major producers were closing in on an agreement to cut supply aimed at offsetting a slump in demand caused by the coronavirus outbreak.
Bloomberg | by Joe Light, Benjamin Bain, and Olga Kharif | March 3, 2020 Facebook Inc. and its partners are considering redesigning the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan. When Facebook
China's exports of vital parts and components for products ranging from automobiles to cellphones are estimated to have shrunk by an annualized 2% in February, costing other countries and their industries $50 billion, a United Nations agency said on Wednesday.
Wall Street surged on Wednesday, with healthcare stocks providing the biggest boost after Joe Biden overtook Bernie Sanders to become the new front-runner in the race for the Democratic presidential nomination.
Andrew Bailey, the next governor of the Bank of England, said on Wednesday that he wanted to see more evidence about the economic impact of the coronavirus outbreak before deciding whether to cut interest rates.
Andrew Bailey, set to become Bank of England governor just as Britain is facing an economic hit from coronavirus, said financial support would probably have to be rushed out for companies struggling with disruption caused by the outbreak.
U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles.
General Motors Co Chief Executive Mary Barra said on Wednesday the automaker's North American vehicle production should be secure from parts shortages caused by the coronavirus outbreak "quite far into this month."
General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc as vehicles go electric.
The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected.
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.