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Saudi Aramco plans further spending cuts to pay for dividend
Saudi Aramco plans to cut its capital spending to a range of $20 billion to $25 billion this year to pay a $75 billion dividend it pledged to investors during its initial public offering last year.
12 Aug 2020Less than 1m read
Global markets: stocks shake off stimulus doubts, gold goes wild
Stock markets held their own on Wednesday after doubts emerged about fresh U.S. stimulus, while it was another wild day for gold and silver and a tough one for Turkey's troubled lira.
12 Aug 20203m read
After a huge sell-off, here's 5 reasons why gold might be down, but not out
This week gold fell below the $2,000-an-ounce-mark, notching up its biggest one-day fall in over seven years.
12 Aug 20206m read
Holiday Inn owner points to recovery after first half slump
InterContinental Hotels said on Tuesday it was seeing some 'very early' signs of improvement in demand after the Holiday Inn-owner's revenue more than halved and profit slumped 82% in the first half of 2020.
11 Aug 20202m read
Silicon Valley scooter startup Bird bet big on Paris and lost to rivals
Electric scooter unicorn Bird lost tender processes to run scooter rentals in two key European cities: Paris and Lyon.
11 Aug 20205m read
UK's Domino's Pizza profit slips as virus dents orders, adds costs
Domino's Pizza Group Plc posted a 2.7% dip in first-half operating earnings on Tuesday, hurt by a fall in overall orders and the additional costs of cooking and delivering its pizzas safely in the coronavirus outbreak.
11 Aug 20201m read