News

Note: This section contains information in English only.
Sun, 23 Aug 2020 18:04:11 GMT

Microsoft files claim against Apple

Microsoft Corp filed a claim against Apple Inc claiming that the latter's intention to evict Epic Games from developer tools would negatively affect the company's business.

Sun, 23 Aug 2020 17:21:47 GMT

Maduro expresses gratitude to Iran

The President of Venezuela Nicolas Maduro thanked on Sunday Iran for helping the country to overcome sanctions imposed by the US against its oil industry.

Sun, 23 Aug 2020 16:10:09 GMT

Tunisia to restructure economic ministries

Hichem Mechichi, the incoming Prime Minister of Tunisia, is planning to merge the Ministry of State Property, Investment and Economy and put economist Ali Kooli in charge of it.

Sun, 23 Aug 2020 14:36:41 GMT

Metro AG CEO to quit

The CEO of the German multinational retailer Metro AG - Olaf Koch will leave the company by the end of 2020, the firm will be looking for a successor.

Sun, 23 Aug 2020 13:32:52 GMT

Chinese premier predicts economic growth

The Premier of the State Council of China stated that despite the consequences of the turmoil caused by the COVID-19 pandemic, the economic growth is expected to step up this year.

Sun, 23 Aug 2020 12:17:45 GMT

Saudi Ministry of Energy to support Neom

On Sunday, Saudi Arabia's Minister of Energy affairs stated that the ministry is ready to provide support for the development of the $500B Neom project, a high-tech city near the Red Sea.

Sun, 23 Aug 2020 11:34:59 GMT

COVID-19 death toll passes 800K

Globally, more than 800K people have died due to the coronavirus while the US fatalities passed 170K on Sunday, the fastest surge of deaths is recorded in the US, Brazil and India.

Sun, 23 Aug 2020 10:30:26 GMT

Jackson Hole gathering next week

The annual conference will be held online with the participation of the US central bankers, among the topics discussed will be the monetary policy review on Thursday.

Sun, 23 Aug 2020 09:03:20 GMT

US home sales soar

The sales volume of previously-owned houses surged 24.7% during the first two months of summer in the US, fueled by the government stimulus and the consumer interest of low-density housing.

Sun, 23 Aug 2020 08:20:04 GMT

Coronavirus cases soar in South Korea

On Sunday, the South Korean officials reported a record-high number of new COVID-19 cases, sterner distancing rules might be implemented to prevent further outbreaks.

Sun, 23 Aug 2020 07:03:45 GMT

China to support Hong Kong as financial hub

The China Banking Regulatory Commission assured to continue supporting Hong Kong as a financial hub after the US-China tensions over the autonomy of Hong Kong have sparked.

Sun, 23 Aug 2020 06:34:43 GMT

Indonesia gets Sinovac's COVID-19 vaccine

The Chinese biopharmaceutical company Sinovac Biotech Ltd will deliver 50M doses of the coronavirus vaccine concentrate to Indonesia where the vaccine will be produced further locally.

Sun, 23 Aug 2020 05:05:06 GMT

China plans new rules for real estate funding

The People's Bank of China and the Housing Ministry are set to form financing and capital management rules for major real estate firms, the Central Bank stated.

Sun, 23 Aug 2020 04:27:26 GMT

Porsche to investigate engine manipulation

Volkswagen's unit Porsche AG started an internal investigation towards the suspected manipulation of its petrol engines, BamS reported.

Sun, 23 Aug 2020 03:37:58 GMT

Delta to resume services in 2021

Delta Air Lines revealed its plans to resume providing services on 50 flights internationally in 2021 that were postponed amid the pandemic.

Sat, 22 Aug 2020 20:56:19 GMT

Energy firms shut 13% of oil production in US

Oil producers closed 13% of offshore crude oil production in the US-regulated Gulf of Mexico, as tropical storms were expected to cross the region next week.

Sat, 22 Aug 2020 19:49:38 GMT

Railsbank to buy Wirecard's UK unit

Railsbank announced its intention to acquire the UK operations of Germany's payments processor Wirecard.

Sat, 22 Aug 2020 18:47:40 GMT

NPCI sets up unit to take RuPay, UPI global

The MPCI launched an international subsidiary to sell the technology behind its Unified Payments Interface and RuPay network to other countries.

Sat, 22 Aug 2020 18:28:07 GMT

China approves CCB, Temasek and BlackRock JV

China approved a wealth management JV between BlackRock, Temasek Holdings and CCB, as the country gradually opens its financial sector to international companies.

Sat, 22 Aug 2020 17:02:03 GMT

XPeng seeks to raise $1.1B in IPO

The Chinese electric car manufacturer XPeng Motors seeks to raise more than $1B in the upcoming US IPO as the investor interest toward electric vehicle stocks is rising.

Sat, 22 Aug 2020 15:53:27 GMT

Goldman Sachs considering $2B venture fund

The US investment bank is considering the possibility to raise a venture fund of $2B next year aimed at investments in growth companies and startups.

Sat, 22 Aug 2020 15:26:20 GMT

STA Travel out of business

The UK travel agency specializing in youth tourism has ceased trading after being hit by the hardships caused by the COVID-19 pandemic. 

Sat, 22 Aug 2020 13:50:40 GMT

Germany to increase bond offering

After seeing a record-high demand for the 30-year bonds on Wednesday, Germany's Treasury will increase the offering and sell $11M of notes next week.

Sat, 22 Aug 2020 13:30:34 GMT

Turkey's automotive production drops

As stated by Turkey's Automotive Industry Association on Saturday,  the production of motor vehicles declined 27% from the beginning of 2020 until July, leading to a plunge in exports. 

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