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Hyundai suspends activity at key factory after workers test positive for coronavirus

Hyundai suspends activity at key factory after workers test positive for coronavirus

Lawrence Gash
Rolls-Royce reports £852m operating loss

Issues and costs over the durability of its Trent 1000 engine has seen Rolls-Royce post an £852m operating loss. News
Italian energy group Eni promises to reduce greenhouse gas emissions by 80 per cent

Italian energy group Eni has promised to reduce its greenhouse gas emissions by 80 per cent. News
Airline group IAG says coronavirus will hit earnings as worldwide travel plummets

BA owner IAG is the latest airline to warn travel restrictions resulting from the coronavirus will impact earnings. News
Facebook cancels developer conference in California due to coronavirus fears

Facebook’s F8 conference is cancelled due to coronavirus fears

Yana Berman
Walmart in discussions to sell Asda stake

Parent company eyes IPO after failed merger attempt

Lawrence Gash

Falling revenues steer Aston Martin to a £104m loss

Prestige car maker Aston Martin made a £104.3m pre-tax loss in 2019 as revenues fell 9 per cent. News
Virgin Money to cut 500 jobs as it joins the growing list of UK banks battling with challenging trading conditions

Virgin Money is to cut 500 jobs as it continues to integrate with Clydesdale and Yorkshire Banking Group. News
Eurozone optimism reaches nine-month high, but coronavirus may sour confidence

Confidence in the euro zone hit a nine-month high this month, but the European Commission’s survey does not include the most recent spread of the coronavirus that may hurt the services sector. News
Bitcoin price drops as $150m in the crypto is liquidated on BitMEX

Crypto markets lose their February gains within a week as $150m in Bitcoin is liquidated on BitMEX

Yana Berman
Metro Bank plunges after significant 2019 loss

Metro Bank is reconsidering its current expansionist plans after reporting a significant loss in 2019.

Lawrence Gash
Gold price strong as anxiety grips markets

Fears of a global slowdown and the economic threat posed by the coronavirus have bolstered demand for bullion. But some see the fact that gold’s traditional rival, the dollar, is also strong as indicating a serious crisis ahead.

Dan Atkinson
Rio Tinto to spend $1 billion to turn carbon-neutral by 2050

World number two miner Rio Tinto said it would spend USD1 bn to become carbon-neutral by 2050, after reporting a 41-per cent drop in 2019 earnings. News
EU chief negotiator talks up chances of 'mini deal' with US over trade tariffs

EU trade negotiator hopes Washington’s decision to suspend a planned tariff increase on Airbus for 30 days offers a window of opportunity for a trade deal News
London companies doubled venture capital funding to record high in 2019

London based companies raised a record amount of venture capital in 2019, beating out rivals Paris and Berlin, according to media reports that cited data from Refinitiv London News