News

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Thu, 24 Oct 2019 02:45:28 GMT

Canada's Trudeau promises middle-class tax cuts

Justin Trudeau, Canada's Prime Minister, stated that tax cut for the middle class is likely to the first business order for his new minority government, which would look for support in country's parliament.

Thu, 24 Oct 2019 02:38:38 GMT

WeWork to lay off staff

WeWork, the office-sharing start-up, was planning to cut 4K jobs within a turnaround plan introduced by SoftBank Group, as it took the control of the firm.

Wed, 23 Oct 2019 19:43:10 GMT

Spirit Airline orders Airbus planes

On Wednesday, Spirit Airlines stated that it is close to agreeing upon buying nearly 100 airplanes from Airbus.

Wed, 23 Oct 2019 18:42:40 GMT

India changes retail fuel rules

The Indian government announced on Wednesday that it would ease the rules for creating fuel stations, opening up the sector to new firms.

Wed, 23 Oct 2019 17:45:50 GMT

Zuckerberg faces US Congress

On Wednesday, the CEO of Facebook Mark Zuckerberg was set to meet with the US Congress to lay out his plans for a digital currency.

Wed, 23 Oct 2019 16:07:28 GMT

Honda announces future plans

On Wednesday, Honda announced that it would sell only electrified cars in Europe by 2022.

Wed, 23 Oct 2019 15:41:01 GMT

Sports Direct appoints new auditor

Sports Direct International announced on Wednesday that it has appointed RSM UK as its auditor. The group did not reappoint its previous auditor.

Wed, 23 Oct 2019 14:41:06 GMT

SoftBank takes over WeWork

On Wednesday, SoftBank Group announced that it would spend ten billion US Dollars to take over WeWork.

Wed, 23 Oct 2019 13:55:32 GMT

US sues California

It was announced by the US government that it is suing the state of California over a trade agreement made with Quebec.

Wed, 23 Oct 2019 13:07:55 GMT

General Dynamics profit surges

On Wednesday, General Dynamics announced that the company has boosted its profits by 7.3%.

Wed, 23 Oct 2019 11:54:01 GMT

Nissan likely to axe its Datsun brand

Nissan Motor is planning to abandon its Datsun brand, shut down several assembly lines worldwide and drop some of its unprofitable products, as the Japanese carmaker seeks to bolster profits amid new strategy.

Wed, 23 Oct 2019 11:12:32 GMT

China to introduce new regulations on business activity

On Wednesday, China's state planner stated the country would implement new regulations aimed at making the business activity easier starting from January 1, 2020, on the back of growing pressure on the second-biggest economy in the word.

Wed, 23 Oct 2019 10:04:05 GMT

Intel files lawsuit against SoftBank's investment firm

Chipmaker Intel Corp filed an antitrust case against SoftBank Group-backed investment firm alleging the company stored patents, seeking to hold up the tech firms with numerous lawsuits.

Wed, 23 Oct 2019 09:35:16 GMT

Huawei unveils its foldable 5G Mate X phone

On Wednesday, Huawei Technologies rolled out its new foldable smartphone 5G Mate X in China, launching device pre-sales on the same day.

Wed, 23 Oct 2019 08:39:17 GMT

Toyota's Lexus to launch battery EV next year

Toyota Motor's luxury Lexus brand is planning to roll out its first battery electric car in 2020, seeking to beat competitors in the development of zero-emission vehicles, the brand's head stated on Wednesday.

Wed, 23 Oct 2019 07:35:34 GMT

Vodafone, MasMovil deny merger talks in Spain

Vodafone and MasMovil denied on Wednesday El Confidencial news agency's report saying MasMovil has hired Goldman Sachs to acquire the UK telecom's Spanish business in a potential deal worth $6.67B.

Wed, 23 Oct 2019 06:15:04 GMT

Paysafe Group likely to go public

The private equity groups CVC Capital Partners and Blackstone Group are planning an initial public offering of Paysafe Group in a potential listing that could bring the valuation of the payments processing company to over $10B.

Wed, 23 Oct 2019 04:58:26 GMT

Asian shares decline on Brexit pause

On Wednesday, Asian shares edged lower after the UK Parliament rejected Prime Minister Boris Johnson's timetable to fast-track legislation to take Britain out of the EU.

Wed, 23 Oct 2019 04:03:36 GMT

Bank of Canada Q3 survey shows business sentiment improving

According to a survey released by the Bank of Canada on Tuesday, Canada's businesses expect sales to grow at a faster rate in 2020.

Wed, 23 Oct 2019 03:06:46 GMT

SoftBank clinches $10B deal to take over WeWork

According to sources with knowledge of the matter, SoftBank Group has secured a $10B deal to take over WeWork.

Wed, 23 Oct 2019 02:15:02 GMT

US home sales decline in September

According to the National Association of Realtors on Tuesday, existing US home sales fell by 2.2% in September.

Tue, 22 Oct 2019 19:46:10 GMT

Air New Zealand announces new flights

On Tuesday, Air New Zealand stated that the company would launch flights from Auckland to New York in October of 2020.

Tue, 22 Oct 2019 19:03:24 GMT

UK denies Brexit

On Tuesday, the Parliament of the United Kingdom denied the motion of the Prime Minister to ratify a new timetable of the exit from the EU.

Tue, 22 Oct 2019 18:01:02 GMT

Centene views WellCare deal to complete earlier in 2020

The health insurer Centene is planning to complete its $15.27B buyout of the smaller competitor WellCare Health Plans earlier than estimated in 2020, namely, in the first half of the next year.

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