News

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Mon, 21 Sep 2020 08:18:03 GMT

Didi, BYD to roll out ride-hailing EV

The Chinese ride-hailing titan Didi Chuxing has partnered with electric carmaker BYD over launching the co-designed ride-hailing electric vehicle later this year, Reuters reported.

Mon, 21 Sep 2020 06:41:14 GMT

Shell triggers major cost cuts

Royal Dutch Shell announced it plans to reduce about 40% off the oil and gas production costs, aiming to save cash to overhaul the business and shift its focus to renewable energy.

Mon, 21 Sep 2020 06:34:01 GMT

Nikola's exec chairman steps down

Nikola Corp's executive chairman and founder Trevor Milton stepped down from his role, the US electric-truck maker announced on Sunday, on the back of allegations that the company had misled investors and carmakers.

Mon, 21 Sep 2020 05:00:50 GMT

TikTok Global to launch IPO

On Monday, the Chinese ByteDance said in a statement that TikTok Global would launch an initial public offering.

Mon, 21 Sep 2020 04:02:45 GMT

Crude oil prices decline on Monday

On Monday, crude oil prices edged lower, Brent crude was by 0.50%, at $42.95 per barrel at 00:39 GMT, while the US WTI crude fell by 0.70%, to $40.84 a barrel.

Mon, 21 Sep 2020 03:03:44 GMT

US judge blocks Trump's administration order

On Sunday, a US Magistrate Judge Laurel Beeler blocked the US Commerce Department from asking Alphabet Inc's Google and Apple to remove WeChat app for downloads.

Mon, 21 Sep 2020 01:36:07 GMT

Societe Generale prepares to launch Lyxor sale

According to sources with knowledge of the matter, Societe Generale is preparing to launch Lyxor asset management sale.

Sun, 20 Sep 2020 20:11:19 GMT

Oil companies suffer from weak demand

According to analysts' reports, many major oil refineries were forced to reduce production into the autumn amid a low demand.

Sun, 20 Sep 2020 19:31:33 GMT

Judge stops Trump's ban

The US Magistrate Judge Laurel Beeler on Sunday blocked the US President Donald Trump's executive order banning WeChat from downloading in the Apple Store and Google Play Market.

Sun, 20 Sep 2020 18:19:22 GMT

Trump says not interested in TikTok shutdown

The US President Donald Trump stated on Saturday that he stood for a solution that would allow the TikTok app to continue operating in the country.

Sun, 20 Sep 2020 16:55:24 GMT

Ireland economy to contract 9% in 2020

The Irish economy is likely to contract at least 9% in 2020 amid the coronavirus pandemic, a statement published by the Central Bank of Ireland shows.

Sun, 20 Sep 2020 12:32:55 GMT

Facebook complainst to EU actions

According to the Ireland High Court's documents, Facebook doubted continuation of its operations in the European Union if regulator frozen its data transfer.

Sun, 20 Sep 2020 11:18:19 GMT

Bertrand urges to save tyre plant

Xavier Bertrand, the head of the French Hauts-de-France region, stated on Sunday that the government must invest funds in a Bridgestone tyre plant to save it from closure.

Sun, 20 Sep 2020 10:27:22 GMT

EU wants be able to punish tech giants

According to the Financial Times, the European Union was working on a plan that would give the bloc necessary powers to penalize multinational tech companies when needed.

Sun, 20 Sep 2020 09:23:52 GMT

ByteDance gives TikTok $60B valuation

TikTok's owner, Chinese company ByteDance, stated on Sunday that the app value is close to $60B.

Sun, 20 Sep 2020 07:47:27 GMT

Germany plans insolvency rules relaxation

Germany is set to relax insolvency rules to help prevent a wave of bankruptcies in the economy, provided companies hit by the crisis have a strong business model.

Sun, 20 Sep 2020 07:32:52 GMT

Walmart, Oracle confirm investing in TikTok

Walmart and Oracle issued a common statement acknowledging earlier reporting on their deal with ByteDance to acquire 20% of TikTok Global business.

Sun, 20 Sep 2020 06:05:02 GMT

US praises Colombia's stance against Maduro

The US Secretary of State Mike Pompeo hailed Colombia's stance against the Venezuelan President Nicolas Maduro and promised that the US would continue to help Colombia fight drug trafficking.

Sun, 20 Sep 2020 05:25:32 GMT

TikTok asks US judge to block Trump's ban

According to court documents, TikTok and ByteDance filed a complaint in the Washington federal court challenging the recent ban by the US Commerce Department.

Sun, 20 Sep 2020 04:17:30 GMT

Britain risks fresh national lockdown

On Saturday, Neil Ferguson, a professor of epidemiology, said that the United Kingdom would need to introduce a second national lockdown to curb the spread of coronavirus.

Sun, 20 Sep 2020 03:24:25 GMT

Lebanon's FPM offers idea to end dispute

The leader of the Lebanese Free Patriotic Movement has offered a proposal to resolve the dispute over a new cabinet.

Sun, 20 Sep 2020 00:29:54 GMT

Rolls-Royce plans to raise around $3.2B

According to the Financial Times report published on Saturday, Rolls-Royce Holdings is planning to raise about $3.2B from investors.

Sat, 19 Sep 2020 19:55:39 GMT

Trump to appoint new Supreme Court judge

The US President Donald Trump stated on Saturday that he would appoint new Supreme Court judge "without delay".

Sat, 19 Sep 2020 19:02:26 GMT

Rolls-Royce to raise $3.2B

The UK Rolls-Royce Holdings Plc stated on Saturday that it would raise up to $3.2B in an attempt to strengthen its balance sheet.

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