News

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Tue, 13 Mar 2018 18:00:47 GMT

VW's record profit drives up CEO's salary package

On Tuesday, Volkswagen said that the group's record profit drove up its CEO Matthias Mueller's salary package by around 40% to $12.47M last year.

Tue, 13 Mar 2018 17:22:26 GMT

EC slashes red tape for debt funds

On Tuesday, the European Commission moved on with a proposal to boost cross-border investing in AIFs in order to improve funding for SMEs across the continent.

Tue, 13 Mar 2018 17:21:43 GMT

US NFIB small business index jumps in February

Data released by the US National Federation of Independent Business showed that its small business index jumped to 107.6 points in February.

Tue, 13 Mar 2018 16:28:46 GMT

US CPI hits forecast in February

The US Bureau of Labour Statistics revealed on Tuesday that the CPI came in at 0.2% growth pace over the month of February, matching economists' expectations.

Tue, 13 Mar 2018 16:28:00 GMT

Australian home loans fall 1.1% in January

According to the data released by the Australian Bureau of Statistics, home loans in the country fell 1.1% over the course of January.

Tue, 13 Mar 2018 15:34:15 GMT

Israeli Electra files suit against Huawei over import contract

Israeli Electra CP announced about filing a $23M lawsuit against the Chinese telecom giant Huawei Technologies over the alleged violation of contract to import electronic devices to Israel's customers.

Tue, 13 Mar 2018 15:23:44 GMT

Spanish ACS to lead plan with Atlantia over Abertis acquisition

Spain's ACS was willing to take the leading role in a deal with the Italian firm Atlantia to jointly acquire the toll road operator Abertis, sources familiar with the issue reported.

Tue, 13 Mar 2018 13:53:42 GMT

Iraq's PM to lift ban on flights to Kurdistan Region

The Iraqi Prime Minister Haider al-Abadi agreed to repeal a ban on Tuesday that was imposed on the international flights to Kurdistan Region, saying the operations might be resumed within a week.

Tue, 13 Mar 2018 13:52:54 GMT

UnitedHealth appoints ex-GSK CEO as Optum head

On Tuesday, UnitedHealth named the former GlaxoSmithKline Chief Executive Andrew Witty as its pharmacy benefit unit Optum's head, starting July 1.

Tue, 13 Mar 2018 13:17:52 GMT

President Trump ousts US Secretary of State Rex Tillerson

On Tuesday, the US President Donald Trump fired the US State Secretary Rex Tillerson and replaced him with the head of the Central Intelligence Agency Mike Pompeo.

Tue, 13 Mar 2018 13:08:54 GMT

Piquadro in negotiations over buying Lancel

Italy's high-end briefcase producer Piquadro is in talks with Richemont to acquire the France's leather goods maker Lancel, seeking to complete the potential deal in this year's first half.

Tue, 13 Mar 2018 12:33:16 GMT

Salesforce introduces new software for small businesses

On Tuesday, Salesforce.com launched a new customer service and sales software called "Essentials" for small businesses, which are the simplified versions of its Service and Sales Cloud products.

Tue, 13 Mar 2018 12:16:38 GMT

Spain's Amazon workers declare strike over rights, wages

According to the Comisiones Obreras union, more than thousand Amazon workers in Spain are planning to call a two-day strike on March 21-22 to protest over employees' rights and wages reduction.

Tue, 13 Mar 2018 11:03:43 GMT

Barnier: UK cannot retain EU benefits and have third country status

The European Union's key Brexit negotiator Michel Barnier stated on Tuesday that the UK could not have the status of a third country and retain benefits of the EU at the same time.

Tue, 13 Mar 2018 11:03:29 GMT

Israel to restrict cash deals to combat fraud

On Tuesday, the Israeli parliament approved a law intended to restrict cash deals in order to combat money laundering and other economic crimes.

Tue, 13 Mar 2018 10:25:22 GMT

Wistron wins approval to build new site in India

Karnataka has granted Apple's supplier Wistron a permission to establish a new assembly facility in the Southern India, as part of the iPhone assembly work presumable expansion in India.

Tue, 13 Mar 2018 10:15:29 GMT

Finnish Solidium buys 3.3% stake in Nokia

The investment arm of the Finnish government Solidium acquired a 3.3% stake in Nokia worth about $1.04B, in its efforts to boost Finland's influence over the company.

Tue, 13 Mar 2018 09:13:59 GMT

Ukrainian central bank seeks buying up to $100M

Ukraine's central bank announced on Tuesday it was ready to acquire up to $100M in currency intervention, amid strength in the hryvnia currency during the prior month.

Tue, 13 Mar 2018 09:10:15 GMT

Spotify to launch its services in South Africa

The Swedish music streaming company Spotify is set to enter the South African market on Tuesday, amid rising demand for smartphones and digital services in Africa.

Tue, 13 Mar 2018 08:17:20 GMT

ING's plans to lift CEO pay trigger political protest

The Dutch financial services group ING scrapped its plans on Tuesday to raise its CEO Ralph Hamers' total pay package, amid pressure from the public and politicians who had triggered a protest.

Tue, 13 Mar 2018 08:07:39 GMT

Trump blocks Broadcom's takeover of Qualcomm

On Monday, the US President Donald Trump halted the Broadcom's takeover of Qualcomm, citing national security grounds, as the deal could grant China superiority in mobile communications.

Tue, 13 Mar 2018 07:32:00 GMT

US sees Trump-Kim meeting to take place

On Monday, the White House stated it was expecting a meeting between the US and North Korean leaders Donald Trump and Kim Jong Un to happen, despite Pyongyang's silence over the summit.

Tue, 13 Mar 2018 07:25:58 GMT

Grab, Japan's Credit Saison form JV for lending services

Southeast Asian Grab and the Japanese credit card firm Credit Saison have formed a venture, as they seek to provide lending services and loans in the region.

Tue, 13 Mar 2018 06:07:31 GMT

Mattis says Taliban interested in talks with Kabul

The US Defence Secretary Jim Mattis noted on Tuesday that Taliban had shown interest in exploring talks with Kabul in order to end the long-lasting war in Afghanistan.

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