News

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Tue, 19 Dec 2017 18:57:38 GMT

Lufthansa to secure EU approval for LGW acquisition

According to people with knowledge on the matter, Lufthansa is to gain EU antitrust approval for the acquisition of Air Berlin's subsidiary LGW.

Tue, 19 Dec 2017 17:54:57 GMT

UN to move around 10K illegal migrants from Libya in 2018

On Tuesday, a senior United Nations official revealed the organisation's plans to move around 10K illegal refugees from Libya in 2018.

Tue, 19 Dec 2017 17:54:28 GMT

CB leading index for Australia up 0.3% in October

The Conference Board reported on Tuesday that its Leading Economic Index for Australia jumped 0.3% to 110.0 over the course of October.

Tue, 19 Dec 2017 17:15:56 GMT

Prices plummet at latest dairy auction

Dairy prices fell by 3.9% at the latest global dairy auction in New Zealand, registering the fifth decline over the last six auctions.

Tue, 19 Dec 2017 17:15:05 GMT

US current account deficit narrows in Q3

According to the data released by the US Bureau of Economic Analysis, the country's current account deficit decreased to $100.6B over the third quarter of 2017.

Tue, 19 Dec 2017 16:27:23 GMT

US building permits down 1.4% in November

The US Census Bureau reported on Tuesday that building permits were down 1.4% to 1.3M rate over the course of November, though still topping analysts' expectations.

Tue, 19 Dec 2017 16:25:56 GMT

German Ifo business morale dips in December

The German Ifo business morale fell unexpectedly in December, coming in at 117.2 points, while economists had predicted a 117.6-point reading.

Tue, 19 Dec 2017 15:29:19 GMT

Microsoft, Facebook disables North Korea's cyber actions

The White House stated on Tuesday that Microsoft and Facebook cooperated in the cyber security defence and disabled a number of North Korea's cyber actions.

Tue, 19 Dec 2017 15:22:15 GMT

Air Berlin repays over €40M of bridge loan

The collapsed carrier Air Berlin repaid over €40M out of a €150M bridge loan it had received from Germany's government after the airline filed for insolvency about four months ago.

Tue, 19 Dec 2017 14:34:28 GMT

Steinhoff appoints acting CEO ahead of lender meeting

On Tuesday, the South African company Steinhoff named Danie van der Merwe as its acting CEO ahead of the lender meeting, following the conglomerate's accounting scandal.

Tue, 19 Dec 2017 14:27:34 GMT

UPS makes pre-order of 125 Tesla Semis

United Parcel Service announced on Tuesday it had made a pre-order of 125 Tesla electric semi-trucks, as the package delivery service sought for alternative-fuel vehicles.

Tue, 19 Dec 2017 13:34:12 GMT

Russian, Japanese, US astronauts arrive at ISS

The astronaut crew of the United States, Japan and Russia arrived on Tuesday at the International Space Station, after docking their Soyuz spacecraft around 4000 km above the Earth.

Tue, 19 Dec 2017 13:28:03 GMT

JACK sells Qdoba Restaurant unit for $305M

Jack in the Box stated on Tuesday it was selling its Qdoba Restaurant unit to funds that were affiliated with Apollo Global Management for around $305M cash.

Tue, 19 Dec 2017 12:28:31 GMT

Hyundai Motor's labour union agrees on trial wage deal

South Korea's carmaker Hyundai Motor stated on Tuesday its labour union had agreed on a tentative wage deal that would resolve some lingering disagreements in the firm over wage increases.

Tue, 19 Dec 2017 12:11:24 GMT

WhatsApp to face fine over data sharing issue

The messaging app WhatsApp may face fine, in case it does not fulfil the conditions of an order over bringing its user data sharing with Facebook in line with France's privacy law.

Tue, 19 Dec 2017 11:18:58 GMT

Italy to introduce 3% web tax on digital services

On Tuesday, Italy's budget commission has approved a rule that obliges web companies such as Google, Apple and Amazon, to pay a 3% tax on the Internet transactions, which are made in Italy.

Tue, 19 Dec 2017 11:00:43 GMT

Germany accuses Facebook of dominant position abuse

The German Federal Cartel Office accused Facebook of abusing its dominant position in the market and collecting third-party data on social media's users, the findings of the 20-month probe showed.

Tue, 19 Dec 2017 10:31:32 GMT

Greenyard aims to buy Dole Food

The Belgian grocery company Greenyard NV is in advanced talks to acquire the world's biggest vegetable and fruit producer Dole Food Company that might be valued at over $2.5B, including debt.

Tue, 19 Dec 2017 10:21:12 GMT

Uber's rival Didi seeks to break into Taiwanese market

The Chinese ride-hailing service Didi Chuxing is planning to enter Taiwan market through a domestic franchise partner, amid company's intention to expand across waters.

Tue, 19 Dec 2017 09:33:52 GMT

US: North Korea to blame for 'WannaCry' cyber attack

The United States officially blamed North Korea for releasing ‘WannaCry' cyber attack that hit banks, hospitals and other across the globe.

Tue, 19 Dec 2017 09:29:17 GMT

Ride-hailing firm Grab launches services in Cambodia

On Tuesday, ride-hailing company Grab launched its services in Cambodia on the back of the firm's expansion in the Southeast Asia, as it seeks to outstrip its rival Uber.

Tue, 19 Dec 2017 08:30:30 GMT

South Korea, Japan urge China for more pressure on DPRK

South Korea and Japan called China to express more pressure on North Korea to halt its missile and nuclear programmes, as tensions between DPRK and the United States.

Tue, 19 Dec 2017 07:14:22 GMT

Oil price surges to $63.55

Crude oil prices rose by 0.2% on Tuesday, reaching $63.55 a barrel, as investors focused on the Forties pipeline shutdown in the North Sea.

Tue, 19 Dec 2017 07:09:50 GMT

Cuba deepens trade ties with Russia

300 new Lada automobiles will be delivered to Cuba in January, as a part of a broader Russian strategy to resume political, military and economic ties with the former Cold War ally.

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