News

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Mon, 28 Sep 2020 04:08:18 GMT

Crude oil prices decline

Crude oil prices edged lower on Monday, Brent crude futures were down by 0.20%, to $41.84 per barrel at 00:03 GMT, while the US WTI crude fell by 0.30%, to $40.12 a barrel.

Mon, 28 Sep 2020 03:05:10 GMT

Erdogan criticizes Armenia

On Sunday, the Turkish President Tayyip Erdogan criticized Armenia after clashes between Azeri forces and Armenian and promised that Turkey's solidarity with Azerbaijan would increasingly continue.

Mon, 28 Sep 2020 01:46:34 GMT

Indonesia reverses plans to cut severance pay

Indonesia has scrapped plans to cut maximum severance payments in a new bill, Indonesia's parliament legislative committee announced on Sunday.

Sun, 27 Sep 2020 19:50:02 GMT

Qatar Airways receives subsidies

The state owned airline Qatar Airways revealed on Sunday that it had received a $1.95 billion lifeline from the Qatar government.

Sun, 27 Sep 2020 18:40:31 GMT

Qatar Airways reports losses

On Sunday, Qatar Airways announced a loss of $1.92 billion for the year ending March 31.

Sun, 27 Sep 2020 18:19:30 GMT

Kioxia scraps IPO

The Japanese chipmaker Kioxia Holdings announced on Sunday that it would cancel its plans for an initial public offering.

Sun, 27 Sep 2020 16:41:26 GMT

Chinese industry grows

On Sunday, data published by Chinese statisticians revealed that profits from industrial sector had continued to grow in August.

Sun, 27 Sep 2020 16:30:34 GMT

US tightens exports to China

The government of the United States announced on Sunday that it would impose restrictions on all exports to Chinese chip maker SMIC.

Sun, 27 Sep 2020 14:43:51 GMT

Tyler Tech reports hack

On Sunday, the software firm Tyler Technologies issued a warning that the company had been blackmailed with ransomware.

Sun, 27 Sep 2020 14:08:08 GMT

Nikola bought designs from third party

On Saturday, Financial Times revealed that the founder of Nikola Corporation acquired the company's original design from a Croatian designer.

Sun, 27 Sep 2020 12:40:58 GMT

Devon negotiates with WPX

Reuters revealed on Sunday that the US oil producer Devon is negotiating an acquisition deal with WPX Energy.

Sun, 27 Sep 2020 11:41:50 GMT

Bank of England evaluates negative rates

Member of the Board of the Bank of England Silvana Tenreyro stated on Saturday that the central bank has been evaluating the implementation of negative interest rates.

Sun, 27 Sep 2020 10:40:44 GMT

Commerzbank assigns new CEO

On Sunday, Commerzbank announced that it had hired Manfred Knof from Deutsche Bank to the position of CEO.

Sun, 27 Sep 2020 09:38:46 GMT

Trump proposes new Supreme Court judge

The US President Donald Trump on Saturday named Amy Coney Barrett as his candidate for the new Supreme Court judge position.

Sun, 27 Sep 2020 08:42:03 GMT

Japan's Kioxia to postpone IPO

One of the world largest chipmakers, Japanese Kioxia Holdings Corp, stated on Sunday that it would abandon its IPO plans amid deterioating tensions between China and the US.

Sun, 27 Sep 2020 08:36:51 GMT

PM Ardern likely to stay in power

According to the Newshub-Reid Research Poll, the Prime Minister of New Zealand Jacinda Ardern most probably would stay in power in October elections as her party's support amounts 50.1%.

Sun, 27 Sep 2020 06:55:07 GMT

Japan's Kioxia to abandon IPO plan

Kioxia Holdings, the world's second-biggest memory chipmaker, is set to abandon plans for an IPO amid higher tensions between the US and China.

Sun, 27 Sep 2020 06:37:24 GMT

Nissan to launch new cars in China

Nissan Motor's CEO announced his plans to launch new cars in the Chinese market over the following five years, including EV.

Sun, 27 Sep 2020 05:28:34 GMT

Siemens Energy set to quit coal activities

Siemens Energy was working on plans to quit technologies linked to coal-fired power plants, Siemens CEO Joe Kaeser told Welt am Sonntag.

Sun, 27 Sep 2020 04:21:12 GMT

Audi considers EV venture with FAW

Audi was in negotiationa with partner FAW Group over creating a second JV to build electric vehicles on the PPE platform in China.

Sun, 27 Sep 2020 03:30:30 GMT

Mitsubishi Motors to slash 500-600 jobs

Mitsubishi Motors is set to seek voluntary resignation from 500 to 600 employees, mainly in management, in Japan from mid-November to diminish costs.

Sat, 26 Sep 2020 23:45:37 GMT

Xpeng invests in air taxi startup

Chinese electric EV maker Xpeng announced that along with the company's CEO it invested in Xpeng Heitech, the air taxi startup.

Sat, 26 Sep 2020 20:01:05 GMT

Vietnamese economy to grow 2.8% in 2020

The Vietnamese economy is expected to grow 2.8% in 2020 and 6.8% in 2021, a forecast published by the World Bank shows.

Sat, 26 Sep 2020 19:00:38 GMT

Turkey forecasts 8.9% inflation in 2020

The Turkish central bank increased its inflation forecast to 8.9% for 2020 from a previous forecast of 7.4%, a statement published by the Turkish central bank shows.

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