News

Note: This section contains information in English only.
Wed, 25 Apr 2018 03:40:13 GMT

Saudis targets $11B of non-oil revenues by 2020

Saudi Arabia announced an intention to generate from $9B to $11B in non-oil revenue from the company's privatisation program and create 12K jobs by 2020.

Wed, 25 Apr 2018 02:32:57 GMT

G7 tells tech companies to strengthen efforts to cease extremism

The G7 leading industrialised countries told social media and tech companies to boost efforts to confront the spread of extremism, Canada's official stated.

Wed, 25 Apr 2018 02:32:08 GMT

South Korea, GM consider raising investment plan from $2.8B

South Korea and General Motors were negotiating an increase of the size of investment in the US automaker's unit from an earlier proposed $2.8B.

Tue, 24 Apr 2018 20:16:29 GMT

Toys 'R' Us creates $156M fund for claims

Toys 'R' Us is likely to set aside nearly $156M to pay vendors for merchandise and toys shipped after the retailer's bankruptcy filing in the last year's September.

Tue, 24 Apr 2018 20:15:28 GMT

WhatsApp lifts minimum age to 16 in Europe ahead of change in data law

The popular messaging application WhatsApp raised the minimum age to 16 from 13 in Europe, aiming to comply with data privacy regulations taking effect next month.

Tue, 24 Apr 2018 19:09:21 GMT

Germany's government lowers GDP expectations to 2.3% in 2018

The government of Germany lowered its economic growth projection for the current year to 2.3% from 2.4%, a source familiar with the matter stated.

Tue, 24 Apr 2018 19:08:37 GMT

US housing data, consumer confidence point out economy's strength

The US new home sales rose more than anticipated in March and consumer confidence strengthened in April, highlighting the country's economic strength.

Tue, 24 Apr 2018 18:28:34 GMT

Trump: new NAFTA deal to be completed quickly

The US President Donald Trump stated that a new NAFTA agreement is likely to be reached quickly. as ministers of three countries ready to meet later to work out differences and get a deal.

Tue, 24 Apr 2018 18:27:09 GMT

Audi recalls 1.15M vehicles on coolant pump issue

Volkswagen's luxury unit Audi stated that it recalled 1.16M vehicles over the world due to concerns over a coolant pump with a risk of fire.

Tue, 24 Apr 2018 16:56:54 GMT

MIP, Mubadala to sell 50% stake in Abu Dhabi Terminals

Abu Dhabi Ports is buying a combined 50% stake in Abu Dhabi Terminals from Mubadala Infrastructure Partners and Mubadala Investment for an amount that has not been disclosed, the two companies announced on Tuesday.

Tue, 24 Apr 2018 16:56:21 GMT

Searchlight's investor group to acquire Canada's Mitel Networks

An investor group, owned by Searchlight Capital Partners, is buying the Canada telecommunications gear producer Mitel Networks in a deal worth around $2B, the firm stated on Tuesday.

Tue, 24 Apr 2018 16:22:55 GMT

UK QinetiQ acquires Germany's air firm business

Britain's defence firm QinetiQ has agreed to buy the German air training unit for €70M, sending QinetiQ's shares up 5% to 237.5 pence, the highest level since last year's December.

Tue, 24 Apr 2018 15:54:22 GMT

Liberty House to invest $1B in its India's business expansion

Sanjeev Gupta, the Chief Executive of the metals group Liberty House, stated on Tuesday the company would spend $1B to expand its business in India in the following three years.

Tue, 24 Apr 2018 15:27:35 GMT

Takeda sweetens its $61.4B bid for Shire as deadline nears

Britain's Shire has received a fifth acquisition bid from the Japanese firm Takeda Pharmaceuticals, as the takeover deadline looms and is set to expire at 1600 GMT on Wednesday.

Tue, 24 Apr 2018 15:21:24 GMT

China's Didi Chuxing eyes listing as soon as this year

According to the Wall Street Journal, China's ride-hailing firm Didi Chuxing is in negotiations for an initial public offering, which could be valued at around $80B, as soon as the second half of this year.

Tue, 24 Apr 2018 14:15:58 GMT

Britain's TSB app, online service down amid IT glitches

On Tuesday, Britain's TSB Bank reported it had faced continuing disruptions in its app and digital service, preventing its clients to log into their bank accounts.

Tue, 24 Apr 2018 14:09:37 GMT

UN urges to resume Syrian peace talks

On Tuesday, the special envoy for the United Nations, Staffan de Misura, called for an urgent restart of the UN-led peace talks over Syria's internal situation, seeking to end the country's war.

Tue, 24 Apr 2018 13:21:11 GMT

Global wine output drops to its lowest in 60 years

The International Wine Organisation reported on Tuesday that world wine output tumbled to its 60-year low last year amid adverse weather conditions in the EU that slashed wine production.

Tue, 24 Apr 2018 12:51:54 GMT

Verizon's Q1 results top expectations

On Tuesday, Verizon Communications posted its Q1 results, topping the estimates with the company's net income rising to $4.55B and bringing its shares up 2.5% to $49.87 on the news.

Tue, 24 Apr 2018 12:35:20 GMT

Coca-Cola revenue jumps on demand for Diet Coke brand

Coca-Cola reported its Q1 results on Tuesday, beating analysts' estimates for the company's overall revenue by about $300M, boosted by higher demand for its Diet Coke brand's new flavours.

Tue, 24 Apr 2018 10:57:22 GMT

Chipmaker AMS sees Q2 downturn due to weaker orders

Apple's sensor supplier AMS posted lower-than-expected results for its Q1, warning of a possible slowdown in its Q2 that might be tumbled by weaker orders from its main customer.

Tue, 24 Apr 2018 10:57:07 GMT

T-Systems plans to return to profitability in 2020

The CEO of Deutsche Telekom's unit T-Systems, Adel Al-Saleh, stated on Monday the company was set to return to profit in 2020 as it underwent a digital makeover.

Tue, 24 Apr 2018 10:14:26 GMT

Dudley: BP, Rosneft remain strong partners

The CEO of the British oil company BP Bob Dudley said the company has a ‘very strong' partnership with the Russian Rosneft, but it would not get involved in politics.

Tue, 24 Apr 2018 10:06:18 GMT

German business climate deteriorates in April

The German business climate index fell to 102.1 this month, compared to the estimate of 102.7, as reported by the Ifo economic institute.

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