EU cuts economic forecasts for the region, now…

Waiters work at the terrace of a cafe in Paris, on June 15, 2020, one day after French president announced the reopening of dining rooms of Parisian cafes and restaurants.PHILIPPE LOPEZThe European Commission has slashed…

China’s biggest chipmaker is up over 200% this…

Semiconductor supplies to Huawei have been targeted by Washington as part of the broader U.S.-China trade war.Fuse | Getty ImagesSMIC, China's biggest chipmaker, kicked off a major 46.28 billion yuan ($ 6.6 billion) share sale…

See you in office next year, top SaaS…

Chennai: With no flattening of the curve in sight, companies that offer software as a service (SaaS) — including Freshworks and Chargebee — are asking employees to work from home (WFH) till December. Zoho has…

IEA sees largest drop of oil demand in…

An Indian Oil Petrol Pump employee is seen wearing a face shield, as he fuels a customer's vehicle in an open Petrol Retail Outlet of Kolkata during the Covid-19 pandemic.Avishek Das | SOPA Images |…

Bank of England holds interest rates, expects UK…

The Bank of England (BOE) on Thursday held interest rates at 0.1% but said it stands ready to take further action should the economic crisis caused by the coronavirus pandemic continue to deteriorate.The bank's Monetary…

IBM revenue drops 3% from a year ago…

Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016.Brian Ach | Wired…