News

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Fri, 03 Jan 2020 06:49:23 GMT

Erdogan and Trump agree on de-escalation in Syria

The Turkish President Tayyip Erdogan and his US counterpart Donald Trump agreed on the need for de-escalation of tensions in Syria's Idlib, after a missile strike claimed lives of eight people in the province.

Fri, 03 Jan 2020 05:43:43 GMT

Brazil car sales likely to rise 9% in 2020

Brazil car sales are likely to rise 9% in 2020 from the last year to 2.9M units, including cars, trucks and buses, according to the automakers federation Fenabrave's statement made on Thursday.

Fri, 03 Jan 2020 04:54:31 GMT

VW enters settlement talks over diesel scandal

Volkswagen has entered talks over a settlement with the German auto owners over a lawsuit launched against the carmaker for excessive pollution that cause VW's diesel cars.

Fri, 03 Jan 2020 03:56:37 GMT

China blocks cross-border listings with UK

China has temporarily halted its scheduled cross-border listings between the London and Shanghai stock exchanges amid political tensions the Asian country has with Britain, Reuters reported.

Fri, 03 Jan 2020 03:21:48 GMT

Xiaomi plans investment in AIoT worth over $7.0B

Xiaomi Corp, China's smartphone maker, is planning an investment worth $7.1B in the AIoT, a combination of AI and internet technologies, primary focusing on 5G network and artificial intelligence technologies, its CEO Lei Jun said.

Thu, 02 Jan 2020 20:41:08 GMT

Xiaomi plans $7B investment in 5G and AI

China's smartphone producer Xiaomi Corp is planning an investment of $7.1B in the 5G internet and artificial intelligence technologies within the following five years amid rising competition in the sector.

Thu, 02 Jan 2020 19:43:07 GMT

UK jobless claims fall 2K last week

The US initial claims for unemployment benefits fell 2K to a seasonally adjusted 222K in the week ending December 28, according to the Labor Department's report seen on Thursday.

Thu, 02 Jan 2020 18:44:40 GMT

Austria's AMS secures 59.9% stake in Osram

On Thursday, AMS, the Austrian sensor producer, announced it secured a 59.9% Osram stake, reaching the minimum threshold of 55%; however, still falling short of the 75% hurdle required to tap the German lighting group's profits.

Thu, 02 Jan 2020 18:11:42 GMT

China halts cross-border listings with UK

China has temporarily halted its scheduled cross-border listings between the London and Shanghai stock exchanges due to political tensions the Asian country has with Britain, according to Reuters.

Thu, 02 Jan 2020 16:46:04 GMT

Bosch offers new car sensors

German firm Robert Bosch announced on Thursday that it would supply car makers with new lower cost self-driving car sensors.

Thu, 02 Jan 2020 15:48:52 GMT

Ant Financial applies for Singapore license

On Thursday, the Chinese based firm Ant Financial revealed that it had applied for a digital banking license in Singapore.

Thu, 02 Jan 2020 14:44:54 GMT

Tesla comments on Chinese made cars

On Thursday, Tesla announced that next week it would start the delivery of Model 3S cars, which have been made in China.

Thu, 02 Jan 2020 13:56:15 GMT

Global stocks rally

As it is accustomed, on the first day of the year's trading, global stock indices surged, as buying back of stocks was occurring.

Thu, 02 Jan 2020 12:42:32 GMT

UK businesses report Brexit certainty

On Thursday, results of a UK business survey done in December reported a decline in Brexit related uncertainty.

Thu, 02 Jan 2020 11:40:26 GMT

Oil prices start year higher

At the start of 2020 trading, crude oil price benchmarks traded higher. The higher start of the year was attributed to a number of minor factors.

Thu, 02 Jan 2020 11:05:43 GMT

Asian shares surge

During Thursday's Asian trading, Asian stock indices surged in value, as New Year's buy backing by investors was occurring.

Thu, 02 Jan 2020 10:01:33 GMT

Bosch to offer cheaper lidar sensor for self-driving vehicles

Germany's Bosch said on Thursday that it had developed lidar sensors, which allow vehicles to view three-dimensional of the road, as the company aim to offer cheaper lidar sensor for self-driving cars.

Thu, 02 Jan 2020 09:01:51 GMT

Kia and Hyundai expect 2020 sales rebound

The South Korean automakers Kia Motors and Hyundai Motor expect their 2020 sales to increase by 5%, after missing their target in 2019.

Thu, 02 Jan 2020 08:02:49 GMT

Tesla to deliver next batch of China-made Model 3s on Jan 7

According to Tesla's representative, Tesla Inc would deliver the next batch of China-made Model 3s to customers on January 7.

Thu, 02 Jan 2020 05:44:22 GMT

Singapore reveals decade-low GDP growth

Singapore's GDP grew at its slowest pace in a decade of 0.7% last year, amid a decline in the manufacturing sector and affects of the US-China trade war.

Thu, 02 Jan 2020 05:01:12 GMT

Czech Republic to allow higher budget deficit

The Czech government is set to allow the 2020 state budget deficit to increase beyond a planned £1.34B gap to rise investments, if the slowdown deteriorates.

Thu, 02 Jan 2020 03:36:25 GMT

Turkey puts off tax hike on tobacco, alcohol

Turkey announced that it will not raise tax on tobacco products and alcohol in the H1 of this year, in a move seen curbing inflation and raising prospects for rate cuts.

Wed, 01 Jan 2020 21:56:02 GMT

South Korean exports fall less than expected

South Korean exports declined 5.2% year-on-year in December, though less than anticipated, owing to improved demand from China and recovered chip prices.

Wed, 01 Jan 2020 20:43:57 GMT

Saudi Arabia's economy contracts in Q3

Saudi Arabia's economy contracted 0.46% year-on-year in the Q3, affected by oil output drop, as the OPEC diminished production.

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