News

Note: This section contains information in English only.
Wed, 29 Jan 2020 17:47:43 GMT

BBC to cut 450 jobs

The BBC is set to cut nearly 450 jobs from the company's news division within an £80M savings drive and modernisation programme.

Wed, 29 Jan 2020 16:47:32 GMT

KFC to sell plant-based fried chicken in US

Beyond Meat stated that it is set to supply plant-based fried chicken to some KFC stores in the southern US, after last year's test revealed strong consumer demand.

Wed, 29 Jan 2020 15:58:58 GMT

Mastercard beats profit forecasts

Mastercard beat Wall Street forecasts for quarterly profit, which rose 16% to $4.41B, as customers' spending increased during the US holiday shopping.

Wed, 29 Jan 2020 14:50:39 GMT

Airbnb backs regulation

On Wednesday, Airbnb revealed that it is backing the proposals for the regulation of online platforms. The announcement came after Airbnb was classified as an online platform by an EU court.

Wed, 29 Jan 2020 13:43:12 GMT

Huawei denies German reports

Telecoms network equipment maker Huawei on Wednesday denied reports that the German government has evidence of Huawei cooperating with Chinese intelligence services.

Wed, 29 Jan 2020 12:49:41 GMT

Crude oil prices rise

During Wednesday's European trading, crude oil prices increased, as data was published, which revealed a decline in US crude oil inventories.

Wed, 29 Jan 2020 12:32:17 GMT

General Electric beats forecasts

On Wednesday, General Electric revealed their quarterly profits, which beat analyst estimates and caused a surge of the company' stock price.

Wed, 29 Jan 2020 10:51:21 GMT

Stock indices surge on Wednesday

During early European Wednesday trading hours, global stock indices recovered. The global surge was caused by good earnings reports.

Wed, 29 Jan 2020 10:11:53 GMT

German consumer sentiment rises

On Wednesday, GfK institute revealed that consumer sentiment in Germany has risen. The sentiment is comprised by surveying 2000 Germans.

Wed, 29 Jan 2020 08:43:27 GMT

Apple's iPhone returns to growth

Apple Inc reported its profits and sales for the holiday shopping season above Wall Street's estimates, due to growing iPhone sales and rising demand for the tech giant's add-ons such as AirPods wireless headphones.

Wed, 29 Jan 2020 08:33:49 GMT

Ford to renew output at China JV with Changan

Ford Motor is planning to resume its production on February 10 at its Chinese output facilities with Chongqing Changan Automobile, the joint venture partner, a spokesman for the US carmaker stated on Wednesday.

Wed, 29 Jan 2020 06:01:30 GMT

Bolivia's interim President Anez reshuffles cabinet

Jeanine Anez, the Bolivian interim President, has reshuffled her cabinet after backlash. The three ministries reshuffled were those of communication, rural development and education.

Wed, 29 Jan 2020 05:01:25 GMT

Tim Hortons removes Beyond Meat products from shops

Tim Hortons, a fast-food restaurant chain, announced on Tuesday that it had removed the products of Beyond Meat Inc from its shops in the British Columbia and Ontario.

Wed, 29 Jan 2020 04:01:26 GMT

Pfizer profit misses expectations

Shares of Pfizer Inc edged lower by 0.90% in value in the premarket trading on Tuesday after the drugmaker company reported a lower-than-expected Q4 profit.

Wed, 29 Jan 2020 02:52:20 GMT

Renault appoints De Meo as new CEO

According to the New York Times on Tuesday, French auto giant Renault has named the former Chief Executive of Volkswagen's Luca de Meo as new CEO.

Tue, 28 Jan 2020 20:41:15 GMT

3M releases profit forecasts

The industrial giant 3M revealed on Tuesday its 2020 profit forecasts, which were below expectations.

Tue, 28 Jan 2020 19:52:45 GMT

McDonalds reveals new breakfast

On Tuesday, McDonalds revealed that it is updating its breakfast menu with chicken sandwiches to fend off competition.

Tue, 28 Jan 2020 18:43:05 GMT

Wall Street recovers on Tuesday

During Tuesday's early US trading, stock indices surged more than one percent, as a surge of Apple stock price was the main catalyst for buying.

Tue, 28 Jan 2020 18:05:00 GMT

Adidas to make new fabrics from recycled polyester, plastic

Adidas is planning to lunch new fabrics from marina plastic waste and recycled polyester, expanding the brand's product lines that already use them following the success of the shoe pairs made with the initiative of Parley for the Oceans.

Tue, 28 Jan 2020 16:46:20 GMT

European luxury brands urge tougher rules for tech giants

European luxury brands are calling on EU regulators to take a stronger stand against the online retailing titans like Alibaba and Amazon regarding counterfeiting and data protection issues, the leading industry group's head said.

Tue, 28 Jan 2020 16:26:34 GMT

Blackstone lifts Unizo offer to $1.75B

Blackstone Group, the US private equity firm, has increased its proposed bid for Unizo Holdings by 12% to $1.75B, outracing a rival offer from Lone Star, the US buyout fund backed by Japan's hotelier.

Tue, 28 Jan 2020 15:23:07 GMT

Just Eat expects 2019 earnings in line

Britain's takeaway delivery platform Just Eat announced it was expecting its 2019 core earnings to be about $236M, in line with the forecasts, sending the company's shares up 0.9% on the news.

Tue, 28 Jan 2020 13:51:56 GMT

Brazil watchdog approves Boeing-Embraer deal

Brazil's antitrust regulator Cade has granted its approval for Boeing's purchase of Embraer's commercial aviation unit without restrictions, a statement seen by Reuters showed.

Tue, 28 Jan 2020 12:45:10 GMT

UK to decide on Huawei's 5G role

On Tuesday, the British Prime Minister Boris Johnson is set to decide over the Chinese tech giant Huawei's role in the country's future 5G networks; a choice that poses a threat to UK's relationships with China or the United States.

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