News

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Thu, 14 Jun 2018 17:15:20 GMT

US and Canada agreed to continue talking about NAFTA

Canadian Foreign Minister Chrystia Freeland said on Thursday, that the United States and Canada have agreed to continue discussion regarding a NAFTA deal.

Thu, 14 Jun 2018 16:37:42 GMT

ECB sets to stop stimulus program

The European Central Bank will meet on Thursday to debate if to end its assets purchases by the end of 2018.

Thu, 14 Jun 2018 16:35:27 GMT

New York sues Donald Trump foundation due to illegal behavior

On Thursday, the New York attorney general Barbara Underwood sued the Trump foundation, claiming the nonprofit engaged in some illegal activities including support of his 2016 campaign.

Thu, 14 Jun 2018 15:07:32 GMT

VW might face additional fines for diesel emission cheat

German authorities are still evaluated whether to impose additional fines on the car manufacturer Volkswagen in relation to cheated US diesel emission tests.

Thu, 14 Jun 2018 15:06:46 GMT

Nokia chooses Wipro to digitalise order management

Nokia plans to collaborate with the India-based IT services provider Wipro Ltd for the designing and digitalisation of its sales order operations.

Thu, 14 Jun 2018 14:39:01 GMT

Uber picks Facebook's product head as new driver product boss

Uber Technologies hired Facebook's product head Daniel Danker as the company's new Driver Product Director, the ride-hailing firm's CEO Dara Khosrowshani said on Wednesday.

Thu, 14 Jun 2018 14:36:10 GMT

Boring Company to build high-speed commuter system in Chicago

The Boring Company, owned by Tesla's CEO Elon Musk, has won the bid to develop a high-speed underground commuter system in Chicago, media stated on Wednesday.

Thu, 14 Jun 2018 13:39:54 GMT

Airbus integrates robots Renate, Luis to serve A320 jet

The EU planemaker Airbus has launched a production line for the A320 aircraft with robots Renate and Luis joining human employees to help serve the jet.

Thu, 14 Jun 2018 13:32:49 GMT

Renault to make investment into France's EV plant upgrade

Renault is set to make an investment of $1.2B to raise the French electric car production capacity, adding new models, the automaker said on Thursday.

Thu, 14 Jun 2018 12:13:53 GMT

HSH Nordbank to purchase shipping loans, invest in industry

The German HSH Nordbank plans to purchase shipping loans from its competitor banks, as well as invest additional funds in the shipping industry.

Thu, 14 Jun 2018 12:13:06 GMT

Unilever ‘extremely unlikely' to remain in FTSE100 after HQ shift

The consumer goods company Unilever said on Thursday it was ‘extremely unlikely' that the company would remain in the British FTSE 100 Index after moving its HQ to the Netherlands.

Thu, 14 Jun 2018 11:10:46 GMT

Luxembourg's Anatol has no intention to bid for Cinkarna

Luxembourg's Anatol S.a.r.l. is not planning to make a takeover proposal for Cinkarna Celje, Slovenia's metal products manufacturer, as it was not able to perform amid diligence.

Thu, 14 Jun 2018 11:08:54 GMT

Anglo American agrees Mitsubishi lifting stake in Quellaveco

On Thursday, Anglo American agrees to the Japanese carmaker Mitsubishi raising its stake in Peru's Quellaveco copper project by 21.9% for $600M, bringing its holding to 40%.

Thu, 14 Jun 2018 10:22:47 GMT

Merkel faces coalition turmoil

The Chancellor of Germany is set to face a struggle to find a compromise with her allies on the handling of the country's migrant policy.

Thu, 14 Jun 2018 10:22:02 GMT

North Korean sanctions will stay in place

The Secretary of State of the United States Mike Pompeo that sanctions against North Korea will remain in force until the country has completely denuclearized.

Thu, 14 Jun 2018 09:34:21 GMT

Brazil grants approval on Linde-Praxair merger deal

Brazilian antitrust regulator has granted its approval on the $80B merger deal between Linde and Praxair groups, while the firms go ahead with their undisclosed plan on asset sale.

Thu, 14 Jun 2018 09:31:24 GMT

Rolls-Royce phases out nearly 5K jobs to bolster profitability

Rolls-Royce is set to cut 4,600 job positions during the next two years, amid the Chief Executive Warren East's attempts to reduce costs and boost profitability in the British engineering company.

Thu, 14 Jun 2018 08:39:34 GMT

Greystar in negotiations to acquire Education Realty in $3.1B

Greystar Real Estate Partners has launched talks over the Education Realty Trust takeover in a potential deal valued at $3.1B, according to the Wall Street Journal.

Thu, 14 Jun 2018 08:33:49 GMT

US Fed grants merger approve to Ameris and Hamilton

On Wednesday, the US Federal Reserve has approved a merger deal between Hamilton State Bancshares and Georgia's Ameris Bancorp amid rising bank consolidation.

Thu, 14 Jun 2018 07:09:38 GMT

IAI clinches $600M deal with Airbus for German Defence Ministry

On Thursday, Israel Aerospace Industries, the defence contractor, has signed a $600M agreement with Airbus to lease the Heron TP drones to the German Defence Ministry.

Thu, 14 Jun 2018 07:08:51 GMT

Elon Musk acquires nearly 73K of Tesla sharres

Tesla's largest shareholder and CEO Elon Musk has acquired 72.5K of the company's stock on Tuesday and Wednesday at $342.44-$347.44 for a share,, bringing the number of shares he own in the carmaker to 33.7M worth around $11.6B.

Thu, 14 Jun 2018 06:35:02 GMT

Ford, Daimler phases out fuel cell venture

Daimler and Ford Motor are winding down their joint venture established for an automotive fuel cell technology development, as both carmakers are set to develop it in-house, Ford stated on Wednesday.

Thu, 14 Jun 2018 05:05:33 GMT

Japan set to join EU in talks with WTO over US steel tariffs

Japan was seeking to join the EU in a bid to begin dispute resolution negotiations with the US over aluminium and steel tariffs, under the WTO framework.

Thu, 14 Jun 2018 05:05:23 GMT

China industrial output grows 6.8% in May

China's industrial production rose less than expected 6.8% year-on-year in May, while the growth of fixed-asset investment weakened to 6.1% in January-May.

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