Qantas reports £1bn annual loss Diplomat Editor Aug 20, 2020 Qantas has reported an annual loss of almost A$2bn (£1bn) as it deals with the impact of the coronavirus pandemic. The…
UK goes into record recession after economy shrinks by 20% Diplomat Editor Aug 13, 2020 The United Kingdom officially went into a recession after the economy contracted by a record 20.4% in the second quarter with the…
Gold price drops after historical rise Diplomat Editor Aug 13, 2020 Gold prices dropped significantly, as it fell by more than 4% below the level of $ 2000 per ounce. In Bahrain, the price of 24…
Apple boss Tim Cook joins the billionaires club Diplomat Editor Aug 12, 2020 Apple chief executive Tim Cook has moved into the billionaire club as the tech firm's share price continues to soar. Apple's…
Twitter looking at a possible TikTok tie-up Diplomat Editor Aug 11, 2020 Twitter has approached TikTok's Chinese owner ByteDance to express an interest in buying its US operations, according to reports.…
Dubai launches economic program for post COVID-19 recovery Diplomat Editor Aug 6, 2020 Dubai launched an economic program as part of its efforts to reshape the emirate’s economy for a “sustainable” and “resilient”…
Nokia claims to return to profit despite drop in sales Diplomat Editor Aug 1, 2020 Finnish telecommunications equipment provider Nokia said it had returned to profit in the second quarter and hiked its 2020…
Huawei takes top spot in global phone shipments Diplomat Editor Aug 1, 2020 Huawei has become the biggest vendor of smartphones in the world for the first time, according to analysts' estimates. It took…
Global airlines less hopeful on COVID-19 recovery Diplomat Editor Jul 29, 2020 Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than…
McDonald’s global sales suffer Diplomat Editor Jul 28, 2020 McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants…
Gold hits record Diplomat Editor Jul 27, 2020 Global equity benchmarks edged higher and gold soared to an all-time high on Monday as investors weighed expectations for another…
Intel’s next-generation chips delayed until 2022 Diplomat Editor Jul 25, 2020 Intel says the production of its next-generation chips will be set back until 2022, following years of delays getting its…
US signs $2 billion vaccine deal with Pfizer and BioNTech Diplomat Editor Jul 24, 2020 The United States signed a $1.95 billion agreement with US pharma giant Pfizer and Germany's BioNTech for 100 million doses of…
Netflix warns of slowdown after subscriber surge Diplomat Editor Jul 23, 2020 Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow.…