Shares of German fintech Wirecard soared on Tuesday on reports that the ex-CEO of the scandal-ridden firm was arrested on suspicion of false accounting.Many of the people who have taken up day trading during the pandemic are substituting stock picking for sports betting and will almost certainly lose money, Wealthfront's investment chief Burton Malkiel said in a recent MarketWatch interview.
Abu Dhabi National Oil Company said on Tuesday it had signed a $10 billion gas infrastructure deal with a consortium of investors, while its chief executive told Reuters the company would keep a tight lid on costs amid low oil prices.Volkswagen expects a V-shaped recovery lasting into 2022, its sales chief said on Tuesday, as businesses try to work out how quickly they will rebound from the coronavirus pandemic which shut large parts of the economy around the world for months.
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