News

Note: This section contains information in English only.
Wed, 23 Sep 2020 05:01:12 GMT

Intel receives licences from US authorities

On Tuesday, an Intel spokesperson said that Intel Corp had acquired US licences to supply some products to Huawei.

Wed, 23 Sep 2020 04:05:05 GMT

Greece and Turkey prepare for talks

Turkey's presidency said in a statement on Tuesday that Greece and Turkey have agreed to resume exploratory discussions over maritime boundaries.

Wed, 23 Sep 2020 03:00:01 GMT

EU's Michel postpones summit to Oct.1-2

Charles Michel, the European Council President, has postponed the EU leaders summit to October 1-2, after going into quarantine.

Wed, 23 Sep 2020 01:44:51 GMT

US economy risks longer and slower recovery

On Tuesday, the Federal Reserve Bank of Chicago President Charles Evans said that the US economy risks a slower and longer recovery without fiscal aid.

Tue, 22 Sep 2020 19:41:21 GMT

Delta postpones pilot furloughs

Delta Air Lines postponed its pilot furlough decision until November 1, the pilot union reported on Tuesday.

Tue, 22 Sep 2020 18:42:41 GMT

Ralph Lauren plans thousand layoffs

On Tuesday, Ralph Lauren announced 15% global job cuts by the current fiscal year's end as the luxury brand aims to reduce its costs and cope with the impact on its sales triggered by the COVID-19 pandemic.

Tue, 22 Sep 2020 17:44:20 GMT

Ford plans $1.46B investment in Canada plants

Ford Motor is planning an investment worth $1.46B in its Canadian factories, Windsor and Oakville, as part of its deal with the country's Unifor union.

Tue, 22 Sep 2020 16:43:23 GMT

Siemens Energy value is revealed

On Tuesday, Reuters revealed that its source had reported that Siemens evaluates Siemens Energy at 17 billion Eur.

Tue, 22 Sep 2020 15:50:24 GMT

UK increases coronavirus measures

The Prime Minister of the United Kingdom stated on Tuesday that people should work from home and ordered the closure of restaurants and pubs.

Tue, 22 Sep 2020 14:41:05 GMT

ECB Board Member comments on policy

On Tuesday, Board Member of the ECB Fabio Panetta stated that the central bank should rather make mistakes by overdoing stimulus not providing too little of it.

Tue, 22 Sep 2020 13:48:09 GMT

Veolia open to Suez offer price discussion

On Tuesday, the French utility Veolia stated it was ready to talks about the acquisition price it was offering for Engie's stake in Suez, the waste and water management group.

Tue, 22 Sep 2020 12:47:39 GMT

Iliad's Polish deal faces Oct. 26 deadline

The European antitrust regulators are set to pass their verdict by October 26 whether to approve Iliad's $4.1B bid for Play, the Polish mobile group, in a deal that can make Illiad the sixth biggest mobile operator in the EU.

Tue, 22 Sep 2020 11:52:01 GMT

China unlikely to grant approval for TikTok deal

China's Beijing is unlikely to grant its approval for the Walmart-Oracle "unfair" deal with ByteDance to acquire the video-streaming app TikTok, according to Global Times newspaper.

Tue, 22 Sep 2020 11:28:57 GMT

Deutsche Bank to shut 20% of local branches

Deutsche Bank announced its plans to close one of its five domestic branches in Germany, in the lender's latest efforts to save costs as well as capitalise on new customer habits triggered by the COVID-19 pandemic.

Tue, 22 Sep 2020 09:14:03 GMT

European stocks recover

During Tuesday's European trading hours, European stock indices recovered in the aftermath of the previous sharp drop.

Tue, 22 Sep 2020 09:02:12 GMT

Quibi considers several strategic options

The streaming service Quibi is considering a few strategic options, such as sale or going public via merger, according to the Wall Street Journal report published on Monday.

Tue, 22 Sep 2020 07:46:57 GMT

Airbus reveals concepts for zero-emission plane

Airbus has presented three visual concepts designed for hydrogen-powered airplanes, in the company's latest push to draw attention to the zero-emission efforts it tries to fulfil amid the EU goal to go greener in technology.

Tue, 22 Sep 2020 06:43:41 GMT

Trump to discuss US tech liability shield

The US President Donald Trump set a meeting with the Republican state attorneys general group's on Wednesday to revise the key legislation that shields the social media firms from liability for their content posted by users.

Tue, 22 Sep 2020 06:36:35 GMT

Baidu-backed WM Motor attracts $1.5B

On Tuesday, WM Motor, the Baidu-backed Chinese electric vehicle start-up, announced it had raised $1.47B in its latest round of funding.

Tue, 22 Sep 2020 05:23:44 GMT

US invests in infrastructure

On Monday, the US House of Representatives proposed a $14 billion bill that would invest in highways and airports.

Tue, 22 Sep 2020 05:23:35 GMT

ByteDance and Oracle reveal statements

During Monday's trading, ByteDance and Oracle published conflicting statements about the terms of the agreement over TikTok deal.

Tue, 22 Sep 2020 03:30:54 GMT

Banks react to illicit transfers

On Monday, global bank stocks declined, as the banking sector faced a scandal of transferring nearly $2 trillion of illicit funds.

Mon, 21 Sep 2020 20:47:06 GMT

Wall Street declines

During Monday's US trading hours, US stocks reached a seven week low level, as news of possible corona lockdowns in Europe weighted in.

Mon, 21 Sep 2020 19:46:44 GMT

Gold prices drop

On Monday, gold prices dropped by more than 3%, as the US Dollar gained strength and risk off sentiment took hold.

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