News

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Tue, 09 Oct 2018 18:36:10 GMT

Syria and Russia discuss reconstruction of Syrian gas and oil assets

On Monday, the Energy Minister of Russia Alexander Novak claimed that Syria and Russia have discussed a possible reconstruction of oil and gas infrastructure and facilities in Syria.

Tue, 09 Oct 2018 18:32:26 GMT

Macron to campaign for stricter antitrust rules

On Monday, the President of France Emmanuel Macron claimed that he would campaign for making the European anti-monopoly rules stricter in the next year's European Parliament elections.

Tue, 09 Oct 2018 17:21:18 GMT

Volkswagen sales decrease amid new exhaust systems regulations' introduction

Germany's carmaker Volkswagen's sales dropped in September due to the new exhaust systems rules' introduction, the Wolfsburg-based firm announced.

Tue, 09 Oct 2018 17:20:35 GMT

German exports to UK can halve by Brexit

German exports to Britain are likely to fall up to 57%, resulting from the UK withdrawal from the EU, the German Economic Institute's study revealed.

Tue, 09 Oct 2018 15:56:44 GMT

Portugal anticipates 2.2% growth in 2019

Portugal's government anticipated the economy to expand 2.2% in 2019 and the budget to reach the balance, a lawmaker stated after meeting the Finance Minister.

Tue, 09 Oct 2018 15:56:13 GMT

Ireland to raise betting tax to 2%

Paschal Donohoe, the Finance Minister of Ireland, announced plans to double the country's betting tax to 2%, which would take effect from January 2019.

Tue, 09 Oct 2018 15:01:54 GMT

Ford tap into EV in Germany amid diesel bans loom

Ford was building an electric van for delivery in Europe using Deutsche Post's technology start-up StreetScooter, as Germany's cities clamp down on emissions.

Tue, 09 Oct 2018 15:00:01 GMT

Poland to withdraw from UN migration pact

The interior minister of Poland was recommending Warsaw to quit the UN migration pact before the final approval, as it likely to encourage illegal migrants, the Ministry stated.

Tue, 09 Oct 2018 13:57:44 GMT

Microsoft plans investment into Southeast Asia's Grab

Microsoft Corp will invest into the Southeast Asian ride-sharing company Grab on the back of the companies' partnership that allows collaborating on technology projects, such as artificial intelligence and big data.

Tue, 09 Oct 2018 13:52:03 GMT

WhatsApp sets up system to store data in line with India's rules

WhatsApp has set up a system to comply with the Indian payments data storage norms, as the central bank urged to store all the personal data locally.

Tue, 09 Oct 2018 13:08:26 GMT

Qualcomm expands its board with new members

Qualcomm is expanding the company's board with the appointment of two new members, Lam Research Corp's CEO Martin Anstice and Mondelez International's ex-CEO Irene Rosenfeld, bringing the total number of the board to 14 people.

Tue, 09 Oct 2018 12:51:50 GMT

Perrigo replaces Chief Executive Roehrhoff with Kessler

Perrigo Co replaced on Monday its 10-months CEO Uwe Roehrhoff with Murray Kessler, the consumer goods industry veteran, amid drugmaker's intention to focus on the consumer healthcare business.

Tue, 09 Oct 2018 11:26:33 GMT

Canada's CDPQ and GIM acquire majority stake in FNZ

Generation Investment Management and CDPQ, the second-biggest pension fund of Canada, announced they were acquiring a controlling stake in the British fintech company FNZ for $2.09B.

Tue, 09 Oct 2018 11:21:43 GMT

Hard Brexit to hit German firms with over $3.4B tariffs

On Tuesday, Germany's institute stated that German companies would face over $3.4B in extra tariffs annually in case of a hard Brexit, while Germany's exports to the UK could plunge by up to 57%.

Tue, 09 Oct 2018 10:06:25 GMT

Iran continues to export oil

On Tuesday, it was reported that an Iranian tanker has discharged two million crude oil barrels in China prior to the upcoming new US sanctions on Iran on November 4.

Tue, 09 Oct 2018 10:05:51 GMT

Nigerian central bank calls a meeting

The Governor of the Nigeria's central bank has called for a meeting of the country's largest telecommunication company and banks to discuss the dispute that has arisen due to the repatriation of $8.1 billion.

Tue, 09 Oct 2018 09:29:57 GMT

Apple removes Bullet Messenger from App Store

China's chat app and Tencent-owned WeChat's rival Bullet Messenger was removed from Apple's App Store due to the alleged copyright complaints towards the application.

Tue, 09 Oct 2018 09:26:15 GMT

Lactalis acquires Nestle Malaysian dairy subsidiary for $40M

The world's biggest dairy company Lactalis agreed Nestle Malaysia's acquire the chilled dairy unit in a deal valued at about $40M.

Tue, 09 Oct 2018 08:19:28 GMT

D.E. Shaw lifts stake in Bunge

D.E. Shaw and Co lifted its stake in the agribusiness and food company Bunge sending its shares up 2.5% to $70.64, the Wall Street Journal reported.

Tue, 09 Oct 2018 07:48:41 GMT

RPC grants Bain, Apollo with more time on takeover bids

RPC Group, the plastic packaging maker, gave the two private equity groups, Bain Capital and Apollo Global Management, more time to make their rival takeover bids for the British company.

Tue, 09 Oct 2018 07:13:40 GMT

CBS seeks for potential acquirers after ex-CEO probe end

CBS is planning to search for potential buyers after an inquiry into the company's former CEO Leslie Moonves ends.

Tue, 09 Oct 2018 07:07:38 GMT

Italy's Eni to buy BP's Libyan gas and oil assets

Italy's Eni is set to acquire half of BP's 85% Libya gas and oil assets, seeking to resume exploration next year, both companies stated on Monday.

Tue, 09 Oct 2018 06:39:12 GMT

Trian Fund considers offer to acquire Papa John's

On Monday, the Wall Street Journal stated that Trian Fund Management was considering a bid to acquire Papa John's International, sending the company's shares up 12.6%.

Tue, 09 Oct 2018 06:32:47 GMT

VW plans hiring four banks to lead its truck arm's IPO

Volkswagen is set to hire JPMorgan Chase, Goldman Sachs, Citigroup and Deutsche Bank to help with its potential initial public offering of the truck division Traton, according to sources.

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