GLOBAL MARKETS LIVE: Amazon and Disney at opposite ends

11/27/2020 | 09:23am

Disney is making large job cuts, while Amazon announces that it will spend more than $500 million in exceptional bonuses for its employees. Meanwhile, the Spanish banking consolidation is facing headwinds as BBVA and Banco Sabadell are apparently parting ways.

Bad news for Tesla. The U.S. Highway Safety Administration announced Friday that it has opened a preliminary investigation into a possible front suspension defect in 115,000 Tesla vehicles. This comes after the company launched a recall of 870 Model X vehicles in China due to a problem with the attachment of parts.

AstraZeneca could conduct a new trial of its vaccine candidate, after criticism on the first set of results, which could prevent AstraZeneca from gaining access to certain markets, including the United States.

The Walt Disney Company will cut 32,000 jobs because of the still strong impact of the pandemic on the use of its parks, more than expected.

Tiffany will hold an online shareholders' meeting on December 30 to submit to its shareholders the buyback offer submitted by LVMH, the American jeweler announced today.

Negotiations between Banco Bilbao Vizcaya Argentaria and Sabadell are stalling on price, according to El Economista. They are so stalled that Sabadell has decided to stop the talks.

Amazon.com has planned to distribute $500 million in "vacation bonuses" to its American employees working on the front line.

Proximus signs a collaboration agreement with EQT Infrastructure to concretize its plan to deploy fiber in Belgium.

KBC Group finalized the acquisition of the Slovakian bank OTP Banka Slovensko.

Romain Fournier
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