European gas futures are continuing to make gains as Russia remains adamant about limiting its supply to the region. Despite Russia's promise of extra volumes, national exporter Gazprom PJSC has not arranged any extra capacity in order to supply Europe with more gas via Ukraine in December.
While it is...
The Labor Department Friday released its October jobs report, which showed a significant rise in job creation as well as a slumping unemployment rate. With COVID-19 infections slowing down and steady economic recovery, over 531,000 new non-farm jobs were created in the past month; a significant rise from the...
The S&P 500 ended lower on Friday as the Labor Department released a less than favorable nonfarm payrolls report. Real estate and utilities proved to be the poorest performers on the index, declining by 1.1% and 0.7%, respectively.
Things were not all doom and gloom for the S&P 500, however,...
The United States Labor Department released its weekly jobless claims report on Thursday, which yielded surprising results. Despite the US economy making a gradual recovery following the coronavirus pandemic, 351,000 new initial unemployment claims were filed in the past week, compared to an originally expected figure of 320,000.
Currently, there...
Official data released on Wednesday showed that Saudi imports from the UAE had dropped in value by 33% month on month in July. This came after Saudi Arabia imposed new trade rules earlier in the month with regard to imports from other Gulf nations.
Imports from the UAE fell from...
Deliveroo Plc has hired former Amazon Inc executive Devesh Mishra as their new chief product and technology officer, the food delivery company announced early this week. Mishra will be tasked with overseeing Deliveroo's data science, design, engineering, and product development efforts, which form an integral part of the company's...
As cities make a gradual recovery from the setbacks induced by the COVID-19 pandemic, chicken wing chain Wingstop Inc has decided to pursue a rapid expansion in heavily populated urban areas, with the emphasis of its plan being placed on central business districts.
The rapidly growing restaurant company is currently...
Apollo Global Management is currently in talks to join a consortium led by Fortress Investment Group, the private equity firm recently announced. The consortium is expected to shortly complete a 6.3 billion pound ($8.6 billion) takeover of British supermarket chain Morrisons. With regards to this transaction, Apollo has declared...
Online food delivery company Deliveroo reported that its orders surged by 88% during the June quarter, thereby exceeding all previous forecasts for its annual profit margins. Since making its London Stock Exchange debut in March, Deliveroo is expecting to reach an annual gross transaction value (value paid by customers...
Saudi Arabia revealed plans for the development of its new national airline targeting international travelers, thereby gearing up to compete head-to-head with existing Middle Eastern rivals Emirates and Qatar Airways. According to two sources familiar with the matter, the new airline is expected to provide all new international flight...