News

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Mon, 11 Jan 2021 17:33:55 GMT

Foreign visitors to Mongolia decline

The number of tourists to Mongolia decreased 89.5% to 66,900 in 2020, compared to the same period the previous year, data published by the National Statistics Office show.

Mon, 11 Jan 2021 16:33:40 GMT

Chery automaker exports rise

The Chinese automaker Chery Holdings announced 18.7% sales growth in 2020, compared to the same period the prior year, a report published by the company shows.

Mon, 11 Jan 2021 15:09:49 GMT

EasyJet signs new five-year $1.87B loan

The UK airline EasyJet bolstered its liquidity via a new five-year $1.87B loan facility, supported by the Brtish partial guarantee, seeking to ease concerns over the airline's finances caused by the pandemic.

Mon, 11 Jan 2021 14:31:55 GMT

Twitter stock plummets

At the start of Monday's US trading hours, the stock price of Twitter lost additional 8.3%. The stock price has been dropping since the company banned Donald Trump's account.

Mon, 11 Jan 2021 13:24:04 GMT

China wants tech titans to share customer loan data

Chinese regulators are set to push tech giants, such as JD.com. Tencent and Ant Group, to share consumer credit data in order to prevent fraud and excessive borrowing amid Beijing's latest scrutiny.

Mon, 11 Jan 2021 11:49:21 GMT

Sanofi acquires Kymab in $1.5B deal

French drugmaker Sanofi agreed to acquire Kymab, the British immunotherapy company, in a deal worth up to $1.45B, seeking to expand in a rapid-growing medical area.

Mon, 11 Jan 2021 10:42:57 GMT

Smartphone sales fall in China

On Monday, Chinese government data revealed that smartphone shipments in 2020 had fallen by 20.4%, compared to the prior year.

Mon, 11 Jan 2021 09:42:55 GMT

Apple, Hyundai to tie up over electric cars

Apple and Hyundai Motor are planning to ink a partnership over the autonomous electric car development by March, aiming to launch production in 2024 in the US, according to Korea IT News.

Mon, 11 Jan 2021 09:33:56 GMT

Nio considers car launch under new brand

The Chinese electric carmaker Nio is considering to launch mass market vehicles under another marque, Nio's CEO announced on Monday.

Mon, 11 Jan 2021 07:44:53 GMT

KKR closes infrastructure fund in Asia Pacific

KKR & Co, the US investment powerhouse, announced on Monday it had closed its first infrastructure fund in Asia Pacific at $3.9B.

Mon, 11 Jan 2021 07:37:20 GMT

Tesla looking for China design director

Tesla is hunting for a new design chief in China, as the company seeks to launch a "full-function" studio in Beijing or Shanghai to design electric vehicles for Chinese customers.

Mon, 11 Jan 2021 06:00:15 GMT

Hyundai, Apple plan to sign partnership deal

As reported by Korea IT News on Sunday, Apple Inc and Hyundai Motor are set to sign a partnership agreement on self-driving electric vehicles production by March.

Mon, 11 Jan 2021 05:00:08 GMT

Lebanon's Bassil rejects joining Hariri government

On Sunday, Gebran Bassil, the head of Lebanon's Free Patriotic Movement, said that he would not join a new government led  by PM-designate Saad Hariri.

Mon, 11 Jan 2021 04:03:46 GMT

US banks to delist 500 HK products

On Sunday, Hong Kong Stock Exchange filings showed that JPMorgan, Morgan Stanley and Goldman Sachs would delist about 500 Hong Kong products.

Mon, 11 Jan 2021 02:41:04 GMT

Austria's Aschbacher resigns

Christine Aschbacher, the Austrian Labour Minister, has resigned following allegations that she allegedly copied at least one-fifth of her university thesis from other sources.

Sun, 10 Jan 2021 20:49:03 GMT

Presidential elections take place in Kyrgyzstan

The nationalist party politician Sadyr Japarov on Sunday won the Kyrgyzstan's presidential election.

Sun, 10 Jan 2021 19:41:12 GMT

Ruling party wins election in Kazakhstan

On Sunday, the Nur Otan, which is the Kazakhstan's ruling party, won the country's lower house election by securing 72% of votes.

Sun, 10 Jan 2021 19:30:58 GMT

US banks delist Hong Kong products

On Sunday, Morgan Stanley and Goldman and Sachs stated that the banks are set to delist some of their Hong Kong investment products due to US sanctions.

Sun, 10 Jan 2021 18:12:05 GMT

Amazon, Apple suspend Parler social network

On Saturday, Amazon.com and Apple Inc have suspended the social network Parler from their Apple Store and Amazon Web Services.

Sun, 10 Jan 2021 16:57:14 GMT

Analysts comment on Saudi Arabia's output cut

According to analysts, Saudi Arabia's voluntary output cut is expected to boost oil market de-stocking, even as crude oil demand faltered.

Sun, 10 Jan 2021 16:03:04 GMT

Scheidegger says Swiss GDP could grow by 4%

Eric Scheidegger, the director of the State Secretariat for Economic Affairs, said that Switzerland's GDP would grow by 3% or 4% in 2021 and 2022.

Sun, 10 Jan 2021 14:50:22 GMT

Lukashenko comments on constitution

The disputed President of Belarus Alexander Lukashenko stated on Sunday that a constitutional reform of the country would occur by the end of 2021.

Sun, 10 Jan 2021 14:23:04 GMT

Apple and Hyundai produce electric cars

On Sunday, Korea IT News revealed that Apple and Hyundai are set to agree upon cooperation in electric car production early this year.

Sun, 10 Jan 2021 12:43:33 GMT

Spain sends convoys to Madrid

The government of Spain announced on Sunday that it would send supply convoys to the areas hit by the Filomena storm.

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