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20 May
ep logo de alibaba group
Alibaba group to invest $1.41bn in AI system

Alibaba Group is set to invest $1. 41bn (10bn yuan) in an artificial intelligence and Internet of Things system centered around its Tmall Genie smart speaker, the company announced on Wednesday.

20 May
ep ala de british airways
Trust in tourism sector plummets - Which?

Trust in the travel industry has plunged to an all-time low as would be travellers experience delays in refunds for coronavirus cancellations, in breach of the law.

20 May
homeserve, emergencies, insurance, households
Thursday preview: UK PMIs, Homeserve in the spotlight

The focus on Thursday will remain firmly on the UK where two closely-followed surveys are expected to show a substantial slowdown in the pace of economic contraction, although both should remain well in recession territory.

20 May
New York Stock Exchange, NYSE, markets, Wall Street
US close: Stocks close higher as markets shrug off Trump's twitter fingers

US stocks closed higher on Wednesday, with major indices clawing back most of the losses recorded in the previous session despite some heightened rhetoric from the President aimed at China.

20 May
ep imagen de archivo de test rapidos para detectar el coronavirus
Europe close: Stocks shake off doubts around Covid-19 vaccine

Stocks across Europe recovered on Wednesday as optimism over the gradual easing of lockdowns across many countries helped to offset doubts raised during the previous session around one of the most promising vaccine candidates against Covid-19.

20 May
ep una cientifica trabajando en el desarrollo de una vacuna contra el coronavirus en el instituto
London close: Stocks gain as lockdowns are eased globally

London stocks finished on Wednesday, with optimism regarding the lifting of lockdowns on many overseas economies helping to offset a dip in optimism over potential coronavirus vaccines.

20 May
London Stock Exchange, markets, traders, trading, City, shares
Director dealings: Scapa executives make share purchases

Scapa Group revealed on Wednesday that chief executive Heejae Chae, along with several other board members, had upped their stakes in AIM-listed industrial materials firm following a placing of new ordinary shares.

20 May
boohoo pretty little thing plt 3
Broker tips: Boohoo, RDI REIT, Compass Group

Liberum lifted its price target on shares of Boohoo to 430p from 330p on Wednesday.

20 May
andrew-bailey-nomme-a-la-tete-de-la-banque-d-angleterre
BoE Governor Bailey not ruling out negative rates

Bank of England Governor Andrew Bailey has said the central bank is not ruling out negative interest rates as a response to the Covid-19 economic crisis.

20 May
Inovio says Covid vaccine produces antibodies in animals

Shares of Inovio Pharmaceuticals surged on Wednesday as it said a preclinical study of its experimental Covid-19 vaccine - IN0-4800 - produced antibodies in animals.

20 May
experian
FTSE 100 movers: Experian shines on results; housebuilders fall

London’s FTSE 100 was up 0. 8% at 6,050. 47 in afternoon trade on Wednesday.

20 May
ep edificio jp morgan chase en nueva york
JP Morgan stays at 'underweight' on Compass due to changing industry landscape

Analysts at JP Morgan reiterated their 'underweight' recommendation for shares of Compass Group and slashed their target price, citing the speed and magnitude of the changes expected in the sector.

20 May
marks and spencer, maks&spender, supermarket, retail
FTSE 250 movers: Ninety One rallies after results; M&S pushes higher

London’s FTSE 250 was up 0. 3% at 16,363. 15 in afternoon trade on Wednesday.

20 May
wall street
US open: Dow records solid gains at the bell, reverses Tuesday's selloff

US stocks opened higher on Wednesday, with major indices clawing back some most of the losses recorded in the previous session.

20 May
Crispin Odey says governments could ban private gold ownership

Crispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.

20 May
londres-city-brexit-london 20200113125920
FRC Chair Dingemans quits after less than eight months

The chairman of the UK's accounting regulator has quit after less than eight months in the job because of conflicts with his work in the private sector.

20 May
ep 10 september 2019 china shanghai a large sign with the google logo is placed outside the building
Google considers cutting production of AI tools for fossil fuel firms

Google pledged to stop making customized AI tools for oil and gas firms in a pledge to help in the fight against climate change.

20 May
norwegian air shuttle dreamliner 787
China takes stake in Norwegian Air after restructure deal

The Chinese government emerged as a shareholder in troubled budget carrier Norwegian Air following a debt restructuring and credit guarantee deal agreed on Wednesday.

20 May
M&S, fashion, marks & Spencer
Marks & Spencer profits slump as Covid crisis hits clothing sales

UK retailer Marks & Spencer said annual year profits fell by a fifth as it felt the early impact of the Covid-19 pandemic, adding that it would speed up restructuring plans.

20 May
elite dangerous arena video game frontier developments
Frontier Developments sees increased demand for titles amid lockdowns

Videogames maker Frontier Developments has seen increased demand for its titles over recent months as a result of Covid-19 lockdowns across the world.