Microsoft announced Tuesday it will be launching its Netflix-style cloud gaming service on Sept. 15 as part of a $15-per-month subscription bundle. The company initially revealed it would make its xCloud streaming platform a free add-on to its Xbox Game Pass Ultimate service last month. Xbox Game Pass Ultimate, which costs $15 a month, is the firm’s top subscription product and […] Read more
Turkey’s lira fell to a fresh record low against the euro on Tuesday, extending losses from the previous session, as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the EU. The lira was briefly trading at a record low of 8.1733 to the euro just after […] Read more
Shares of the European travel sector sank Monday morning as investors grew anxious over a rise in coronavirus cases in the region. The sixteen top travel and leisure stocks in Europe fell more than 3% in the first hour of trading, with Tui, easyJet and International Airlines Group — the owner of Iberia and British Airways — all down […] Read more
Despite airlines being one of the worst-hit sectors by the coronavirus pandemic, the debt of low-cost European airlines is one of the most attractive opportunities in fixed income at present, according to AXA Investment Managers Senior Portfolio Manager Nicolas Trindade. Passenger numbers remain well below pre-Covid levels, and airline bond yields remain significantly elevated compared […] Read more
European leaders are meeting for a fourth consecutive day on Monday to continue tense negotiations over a 750-billion-euro ($858 billion conversion) recovery fund. The European Commission, the executive arm of the EU, suggested in May tapping the markets to mitigate the economic shock from the coronavirus. However, European capitals have not agreed on how to divide […] Read more
Travelers itching for a change of scenery amid months of lockdowns and stay-at-home orders brought on by the coronavirus pandemic now have a new option. The Maldives reopened to international visitors this week, after being closed to visitors since March 27. While much of the world has shut its borders or enacted strict measures on […] Read more
The Israeli government made “very serious mistakes” after initially containing the coronavirus outbreak, and “tremendous damage” is being done to the economy, a political analyst as cases in the country continue to climb rapidly. Just weeks after restrictions were mostly lifted in late May, new infections have led authorities to reimpose measures including closing gyms, […] Read more
Apple on Thursday released the first public beta version of iOS 14, the latest version of the iPhone operating system. The software allows anyone with an iPhone that came out in 2015 or later to try out the software that will launch with iPhone models in the fall. It’s not the final, fully polished version […] Read more
In blistering remarks Tuesday, FBI Director Christopher Wray slammed the Chinese government for its use of espionage and cyberattacks against the United States which has amounted to what he called “one of the largest transfers of wealth in human history.” “The stakes could not be higher, and the potential economic harm to American businesses and the […] Read more
Thirteen universities, or colleges, in the U.K. are at risk of going bankrupt as the coronavirus pandemic hits their finances and challenges the entire sector, a study by Institute for Fiscal Studies warned Monday. Social distancing measures, travel restrictions and lockdowns have tested the ability of universities to survive without students. In the wake of the pandemic, […] Read more
