News

Note: This section contains information in English only.
Tue, 15 Jan 2019 16:20:26 GMT

Nokia to slash 350 job positions in Finland

Nokia, Finland's telecom equipment maker, is planning to trim 350 job positions in Finland on the back of its cost-cutting plan, as it seeks to find $800M worth savings by the next year.

Tue, 15 Jan 2019 16:17:05 GMT

Rothschild's Vice Chairman steps down from PG&E board

On Tuesday, PG&E announced that the Vice Chairman for the investment banking company Rothschild, Roger Kimmel, had stepped down from the struggling California-based power firm's board.

Tue, 15 Jan 2019 15:11:58 GMT

Huawei founder denies claims firm spies for China

On Tuesday, Huawei's founder Ren Zhengfei have rejected claims that the tech giant is used to spy for the Chinese government, according to a Financial Times report.

Tue, 15 Jan 2019 14:40:15 GMT

Qatar Airways has no plans to acquire Jet Airways

Qatar Airways CEO stated on Tuesday the carrier had no interest in the Indian debt-laden airline Jet Airways, as it was backed by its "enemy" Etihad Airways.

Tue, 15 Jan 2019 13:36:59 GMT

German court rejects Qualcomm's patent suit against Apple

On Tuesday, a German court has thrown out Qualcomm's patent lawsuit brought against Apple, despite winning a court ban on some iPhones sale in the country.

Tue, 15 Jan 2019 13:19:11 GMT

NBA, Tate-Two clinch licensing deal worth up to $1.1B

The National Basketball Association will receive a $1.1B over the next seven years from Take-Two Interactive Software amid signing the licensing deal, allowing it make NBA 2K video game franchise.

Tue, 15 Jan 2019 12:36:28 GMT

Ford, VW to form automotive alliance

Ford Motor and Volkswagen are likely to announce their automotive alliance on Tuesday, which combines commercial vehicles forces and is seen to expand into the development of self-driving and electric technology.

Tue, 15 Jan 2019 11:34:03 GMT

Theresa May faces defeat

As the vote on Brexit approached at the British Parliament, Theresa May faced a likely defeat, as various political forces expressed their views and announced that they will vote against the Brexit deal.

Tue, 15 Jan 2019 11:33:29 GMT

Greek PM is set to win confidence vote

On Tuesday, the Prime Minister of Greece Alexis Tsipras achieved the needed support to win the upcoming confidence vote at the Greek Parliament.

Tue, 15 Jan 2019 10:36:47 GMT

Australia's IOOF delays buyout of ANZ pension buyout

IOOF Holdings, Australia's wealth manager, stated it had delayed the Australia and New Zealand Banking Group's pension assets buyout by no less than three months, after finance sector inquiry hit dealmaking.

Tue, 15 Jan 2019 10:31:27 GMT

T-Systems, IBM to tie up over mainframe services

IBM and Deutsche Telekom's unit T-Systems are set to team up to provide mainframe services, IBM's spokesman announced on Monday, adding the existing user contracts will not get affected by the tie-up.

Tue, 15 Jan 2019 09:24:30 GMT

Former Stobart CEO takes 12% in Flybe

The ex-Stobart Group's Chief Executive Officer Andrew Tinkler acquired a little over 12% stake in the British carrier Flybe Group, a filing showed Monday with no financial details being disclosed.

Tue, 15 Jan 2019 09:23:59 GMT

Etihad to lift stake in debt-laden Jet Airways

Etihad Airways is planning to raise its stake in the cash-strapped Jet Airways, further sending up the Indian airline's shares, after they surged on the news about its founder and CEO Naresh Goyal resignation.

Tue, 15 Jan 2019 07:59:41 GMT

Gannett get hostile offer from MNG Enterprises

On Monday, the hedge fund-backed Newspaper chain MNG Enterprises has approached Gannett Co with a hostile acquisition worth $1.36B, seeking to add USA Today and other newspapers to the firm's regional publications stable.

Tue, 15 Jan 2019 07:52:38 GMT

Liberty Latin America plans taking over Millicom

The Caribbean and South American cable and wireless operator, Liberty Latin America, is bidding for Millicom International Cellular in a potential deal that could establish one of the biggest telecommunications carriers in Latin America.

Tue, 15 Jan 2019 07:37:35 GMT

Japan's SoftBank plans $700M investment in Katerra

Japan's SoftBank Corp is planning to lead another $700M worth funding round in the US construction start-up Katerra that could value the Californian firm at over $4.0B, the Information announced on Monday.

Tue, 15 Jan 2019 07:33:35 GMT

Global car leaders call on Washington to halt trade turmoil

On Monday, the global car executives have held a meeting in Detroit, urging the US Congress and Trump's Administration to resolve their trade disputes and halt the government's shutdown.

Tue, 15 Jan 2019 05:41:17 GMT

Alaskan officials probe British Oil

US officials of the state of Alaska are investigating the natural gas and oil wells of British Petroleum after a minor amount of oil was leaked by one of the wells.

Tue, 15 Jan 2019 05:40:17 GMT

China increases recycling efforts

On Tuesday, as the Chinese ban of foreign trash imports was increased, the country's officials announced that 100 new recycling facilities will be opened.

Tue, 15 Jan 2019 05:34:40 GMT

US government shutdown continues

The US government shutdown entered its 24th day on Tuesday, as Donald Trump rejected the offer for a temporary reopening of the closed government agencies.

Tue, 15 Jan 2019 05:34:07 GMT

Bank of China offers loan to Sri Lanka

On Tuesday, it was revealed by Reuters that the Bank of China has offered to Sri Lanka a loan of almost $300 million. Moreover, the country has been offered the option to raise up to one billion USD.

Tue, 15 Jan 2019 04:29:13 GMT

Egypt eyes 9% inflation by 2020 end

The Central Bank of Egypt stated that it targeted an inflation rate of 9% percent by the fourth quarter of 2020, seeking more price stability in the midterm.

Tue, 15 Jan 2019 04:29:06 GMT

China's FinMin to increase fiscal expenditure in 2019

The Chinese Finance Ministry stated that it is likely to increase fiscal expenditure in 2019 and implement fee cuts, larger tax.

Tue, 15 Jan 2019 03:08:52 GMT

Britain's car insurance premiums drop 6% in 2018

The cost of comprehensive vehicle insurance policy declined 6% in the UK in 2018, suggesting that potential trade barriers due to Brexit would hurt prices this year.

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