News

Note: This section contains information in English only.
Wed, 15 Aug 2018 16:36:52 GMT

Switzerland bans some Porsche and Mercedes models

On Wednesday, the authorities of Switzerland have prohibited the registration of some new Porsche Cayenne and Macan and Mercedes-Benz Vito vehicles because of the diesel engines' emissions manipulation.

Wed, 15 Aug 2018 15:32:49 GMT

Germany's Merkel and Turkey's Erdogan discuss cooperation

On Wednesday, Germany's Chancellor Angela Merkel and the President of Turkey Tayyip Erdogan discussed current situation in Syria and bilateral ties between two countries.

Wed, 15 Aug 2018 15:27:21 GMT

Investors want Uber to sell self-driving unit

According to the tech news site The Information, investors told Uber Technologies Inc that it should sell its self-driving unit after 18 months of $125-200M losses each quarter.

Wed, 15 Aug 2018 14:34:25 GMT

Nvidia launches new chip tech for film makers

Nvidia rolled out on Monday a new chip technology designed to help expanding the company's business among film makers and the rest graphic professionals.

Wed, 15 Aug 2018 14:23:21 GMT

US investor Terpin files $224M suit against AT&T over crypto loss

On Wednesday, the US cryptocurrency investor and entrepreneur Michael Terpin has filed a lawsuit worth $224M against the telecommunications firm AT&T over the loss of cryptocurrency from his personal account.

Wed, 15 Aug 2018 13:38:15 GMT

Tencent's Q2 profit drops to its lowest in almost 13 years

On Wednesday, China's technology titan Tencent Holdings reported a 2% drop in its Q2 net profit, the lowest reading in almost 13 years, tumbled by weak investment gains and slow gaming growth.

Wed, 15 Aug 2018 13:34:31 GMT

Cabot Microelectronics to acquire KMG Chemicals for $1.6B

Canot Microelectronics announced on Wednesday it was planning to acquire the specialty chemicals firm KMG Chemicals in a stock-and-cash deal worth $1.6B.

Wed, 15 Aug 2018 12:35:43 GMT

Brazil's Cade considers inquiry into Google over cell phone system

The Brazilian antitrust regulator Cade is thinking over launching an inquiry into Google over the alleged abuses in the company's cell phone operating systems.

Wed, 15 Aug 2018 12:31:03 GMT

Constellation Brands to invest $4.0B more in Canopy Growth Corp

On Wednesday, Constellation Brands, the Corona beer maker, stated it would make an extra investment of $4.0B in Canopy Growth Corp, lifting its stake in Canada's marijuana producer to 38%.

Wed, 15 Aug 2018 11:26:35 GMT

Asian gaming shares drop as Beijing halts licence approvals

Stocks of the Asian video gaming firms, such as Nintendo, Nexon and Tencent Holdings, plunged on Wednesday amid delay concerns in the Chinese new game releases, as Beijing had halted the licences approvals.

Wed, 15 Aug 2018 11:17:44 GMT

Italy's bridge collapse claims lives of at least 37 people in Genoa

On Tuesday, a 50-year-old bridge in Italy's city of Genoa collapsed during torrential rain, claiming lives of at least 37 people, according to the latest information reported on Wednesday.

Wed, 15 Aug 2018 10:04:02 GMT

Israel starts three-year programme to bolster cyber industry

On Wednesday, Israel's government stated it would invest $24M to boost its cyber security industry by launching a three-year programme to supply companies with up to 5M shekels a year.

Wed, 15 Aug 2018 09:56:56 GMT

Ex-Baidu executive Lu to head Y Combinator's new Chinese arm

Y Combinator, the US start-up incubator, stated it was establishing a new China unit, which would be led by the former Baidu COO Qi Lu.

Wed, 15 Aug 2018 09:38:43 GMT

Blackstone in talks to acquire Indian Jet Airways loyalty unit

Blackstone Group, the US private equity company, is in negotiations to buy a stake in India's frequent-flier loyalty programme of Jet Airways, according to Bloomberg.

Wed, 15 Aug 2018 09:26:22 GMT

Brazil's Gafisa considers merger or sale

On Tuesday, Brazil's homebuilder Gafisa stated that it would seek a merger deal or a sale of the firm, as it wanted to prevent GWI Asset Management, its biggest shareholder, from naming all the board members.

Wed, 15 Aug 2018 08:38:08 GMT

Lampert's hedge fund proposes to acquire Kenmore brand

Sears CEO Edward Lampert's hedge fund offered to acquire the firm's Kenmore appliances brand in a cash-deal that could be valued at $400M, Sears stated on Tuesday.

Wed, 15 Aug 2018 08:33:53 GMT

Patria Investimentos thinks over bidding for Cesp

Brazil's asset management company Patria Investimentos is thinking over a takeover bid for the power generation firm Cesp, a source familiar with the matter reported on Wednesday.

Wed, 15 Aug 2018 07:01:21 GMT

Diamondback to acquire Energen for $9.2B

Diamondback Energy, the US gas and oil producer, agreed on Tuesday to acquire its rival Energen in the all-stock deal worth $9.2B to boost the company's presence in the country.

Wed, 15 Aug 2018 06:55:56 GMT

Aridis Pharmaceuticals shares surge in US market debut

Aridis Pharmaceuticals, the biotechnology company, have surged as much as 5.4% to $13.70 in the firm's US market debut this Tuesday, bringing its market value to $102.7M at the opening price.

Wed, 15 Aug 2018 06:36:59 GMT

US chipmaker Intel unveils more chip flaws

The US chipmaker Intel announced on Tuesday there were three more flaws in its microprocessors that raises a risk of accessing the computer memory's certain data by the third parties.

Wed, 15 Aug 2018 06:31:32 GMT

Tesla names panel of three members to decide on Musk proposals

On Tuesday, Tesla's board formed a three-member special committee to evaluate on the CEO Elon Musk's proposal to take the EV maker private.

Wed, 15 Aug 2018 04:51:28 GMT

Reuters: investment firms seek Yum China buyout

Investment firms consider buying out Yum China Holdings Inc, the biggest fast-food operator in China with the market value of $13.6B, as reported by Reuters.

Wed, 15 Aug 2018 04:50:44 GMT

Walmart, DeGeneres to launch joint women's fashion line

The US-based retailer Walmart plans to introduce a women's fashion line together with the talk-show host Ellen DeGeneres, thus seeking bigger market share in this industry.

Wed, 15 Aug 2018 04:17:35 GMT

RBS will pay $4.9B to settle misconduct claims

The Royal Bank of Scotland is set to pay a penalty of $4.9B to settle claims that it had mislead investors about risks related to mortgage-backed securities from 2005 to 2008.

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