News

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Sun, 30 Aug 2020 11:49:57 GMT

Koizumi decides not to join race to succeed Abe

According to the NHK report published on Sunday, Shinjiro Koizumi, the Japanese Environment Minister, has decided not to succeed Shinzo Abe as Japan's Prime Minister.

Sun, 30 Aug 2020 11:33:05 GMT

Huawei cloud business still has US chip access

Huawei Technologies, the Chinese telecoms equipment developer, has shifted its focus to the budding cloud business that still has the access to the US chips despite imposed sanctions against the group.

Sun, 30 Aug 2020 08:44:13 GMT

Japan's ruling LDP to pick new PM in two weeks

The Japanese ruling Liberal Democratic Party will pick Prime Minister Shinzo Abe's replacement around September 15, Kyodo news agency reported on Saturday.

Sun, 30 Aug 2020 07:59:52 GMT

Suga likely to replace Japan's Abe

According to sources familiar with the matter, Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga is likely to become the next Prime Minister of Japan.

Sun, 30 Aug 2020 07:02:00 GMT

WH proposes $1.3 trillion COVID-19 relief bill

The White House Chief of Staff Mark Meadows said on Friday that President Donald Trump is ready to sign a $1.3 trillion COVID-19 aid bill.

Sun, 30 Aug 2020 06:02:47 GMT

UAE scraps economic boycott against Israel

The WAM news agency reported on Saturday that UAE's President Khalifa bin Zayed Al Nahyan has issued a decree abolishing an economic boycott law against Israel.

Sun, 30 Aug 2020 04:48:04 GMT

BlackRock gets approval for mutual fund arm

China's regulatory has granted the green light to BlackRock for setting up the China mutual fund unit, making it the first asset manager that won such an approval.

Sun, 30 Aug 2020 03:41:17 GMT

Reliance to acquire Future Group's unit

On Saturday, Reliance Industries announced it had agreed to buy Future Group's retail business in a deal worth $3.38B, including debt.

Sun, 30 Aug 2020 02:42:29 GMT

US PCE shows strong rise

US consumer spending in July surged by 1.9%, over analysts' expectations, increasing the chances for a strong rebound in the country's Q3 economic growth, according to a Commerce Department's report.

Sat, 29 Aug 2020 20:50:06 GMT

Walmart's TikTok bid likely to boost ad revenue

Walmart's advertising revenue could surge, if its bid to acquire TikTok succeeded, turning the company into the online advertising leader, according to some analysts, Reuters reported.

Sat, 29 Aug 2020 20:15:20 GMT

China's industrial firms recover

According to the National Bureau of Statistics, the largest Chinese industrial companies continued to recover in July showing 8.1% growth rate.

Sat, 29 Aug 2020 19:11:27 GMT

Chinese camakers' profit down 5.9%

According to the China Association of Automobile Manufacturers, the country's car production sector in the first half of the year declined 5.9% to $36.5B.

Sat, 29 Aug 2020 18:12:04 GMT

China to test online LNG trading

On Friday, the Shanghai Petroleum and Natural Gas Exchange launched online platform for LNG trading in test mode.

Sat, 29 Aug 2020 16:43:24 GMT

WH suggests $1.3 trillion COVID-19 relief bill

The White House Chief of Staff Mark Meadows said on Friday that President Donald Trump is ready to sign a $1.3 trillion COVID-19 aid bill.

Sat, 29 Aug 2020 16:02:45 GMT

Suga emerges as favourite to replace Japan's Abe

According to the Sophia University political science professor Koichi Nakano, Japan's Chief Cabinet Secretary Yoshihide Suga is likely to become the next Prime Minister of Japan.

Sat, 29 Aug 2020 14:25:12 GMT

Japan's LDP to pick new PM around September 15

According to Kyodo news agency report published on Saturday, the Japanese ruling Liberal Democratic Party would pick Prime Minister Shinzo Abe's replacement around September 15.

Sat, 29 Aug 2020 13:44:48 GMT

Canada finalises 737 MAX flight tests

Canada has completed the flight tests of Boeing's 737 MAX aircraft, after the jets had been grounded worldwide due to two deadly crashes, and is analysing the results, according to the Transport Ministry.

Sat, 29 Aug 2020 12:52:32 GMT

MGM to lay off 18K US jobs

MGM Resorts International announced to its staff it was set to lay off 18K furloughed workers in the US due to the coronavirus-caused travel curbs that hurt its operations.

Sat, 29 Aug 2020 12:27:03 GMT

Trump Hotel's operator files for Chapter 11

TA Hotel Management, the operator of the Trump International Hotel located in Vancouver, filed for bankruptcy earlier this week, as the coronavirus pandemic harmed its financial hardship and revenue.

Sat, 29 Aug 2020 11:35:15 GMT

Triller, Centricus make $20B bid for TikTok assets

Triller's executive chairman announced the firm had made a $20B bid with the investment company Centricus Asset Management for the rival TikTok's assets, which China's ByteDance was planning to divest.

Sat, 29 Aug 2020 10:36:23 GMT

Japanese ruling party to pick PM in two weeks

The ruling Liberal Democratic Party is expected to choose Shinzo Abe's successor for the post of Japan's Prime Minister on September 15.

Sat, 29 Aug 2020 09:18:35 GMT

Suga likely to replace Abe

According to sources familiar with the matter, Yoshihide Suga, the Chief Cabinet Secretary of the Japanese government, is likely to become the country's next Prime Minister.

Sat, 29 Aug 2020 08:36:14 GMT

Zuckerberg comments on militia page

Facebook Inc's Chief Executive Officer Mark Zuckerberg on Friday responded to critics of inability to delete the milita's page that called to arms in Wisconsin saying it was an operational mistake of the system.

Sat, 29 Aug 2020 07:02:44 GMT

Fredriksen appoints hedge fund manager

Norwegian-born shipping tycoon John Fredriksen has named Tor Andre Svelland, the head of UK-based hedge fund Svelland Capital, as the CEO of Seatankers Group.

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