News

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Sat, 08 Jun 2019 13:06:21 GMT

Norway exports $667M defence products, services

Norwegian companies exported $667M of defence products and services in 2018, a 8% decline from the prior year, the Norwegian government reports.

Sat, 08 Jun 2019 12:15:48 GMT

Cyprus economy expands 3.2%

The economy of Cyprus expanded 3.2% in the first three months of 2019, while the banking sector contracted, the Statistical Service reports.

Sat, 08 Jun 2019 11:16:33 GMT

FDI in Tunisia reaches $280M

Foreign direct investment in Tunisia reached $280M in the first four months of this year, a decline from $302M the previous year, local authorities report.

Sat, 08 Jun 2019 09:43:50 GMT

Kraft Heinz completes investigation

On Friday, Kraft Heinz announced that it has finished an internal investigation and is confirming that the financial numbers published last month were accurate.

Sat, 08 Jun 2019 08:43:32 GMT

France prepares to cut Renault stake

The Finance Minister of France Bruno Le Maire announced on Saturday that the French government might decrease its ownership stake in Renault to facilitate a partnership with Nissan.

Sat, 08 Jun 2019 07:49:41 GMT

Bank of Japan expects global recovery

The Governor of Bank of Japan Haruhiko Kuroda announced on Saturday that he still expects the global economy to recover in the second half of 2019.

Sat, 08 Jun 2019 07:05:24 GMT

BOJ Kuroda warns of uncertainties

On Saturday, the Governor of Bank of Japan Haruhiko Kuroda announced that there are many uncertainties in the global markets that could hurt economic growth.

Sat, 08 Jun 2019 05:50:51 GMT

Google, Amazon and Facebook face profit decline

On Saturday, it was revealed that US tech giants could see profits decline, as the G20 countries agreed upon updating regulation to eradicate the booking of profits in low-tax countries.

Sat, 08 Jun 2019 04:59:00 GMT

G20 agrees upon tech giant regulation

The Finance Minister group of G20 agreed on Saturday to move ahead with the creation of common rules for taxing tech giants.

Sat, 08 Jun 2019 04:30:53 GMT

Mexico fights immigration

On Friday, Mexican officials announced that Mexico will deploy National Guard to the country's southern border. In exchange the US has cancelled setting tariffs on Mexican goods.

Sat, 08 Jun 2019 02:40:58 GMT

Trump calls off tariffs on Mexico

After successful negotiations between the US and Mexico on Friday, the US President Donald Trump has called off tariffs on Mexican goods.

Sat, 08 Jun 2019 02:30:30 GMT

Fed Ex ends Amazon contract

On Friday, FedEx announced the decision to not renew its agreement with Amazon, in the frames of which FedEx delivered Amazon goods through its plane service.

Fri, 07 Jun 2019 20:01:28 GMT

US job growth slows sharply in May

The US Labor Department report showed on Friday that the Non-Farm Payrolls increased by 75,000 jobs in May, raising concerns about the states of the US economy.

Fri, 07 Jun 2019 19:00:35 GMT

Mexican and US negotiators resume migration talks

On Friday, the US-Mexico negotiators continued migration talks, as both sides draw closer to a trade dispute, that might shuffle the two countries' economies.

Fri, 07 Jun 2019 18:00:36 GMT

Xi says global multilateral trade system must be protected

On Friday, the President of China Xi Jinping called on global leaders to protect the world's multilateral trade system.

Fri, 07 Jun 2019 16:59:17 GMT

US stocks surge on rate-cut hopes

Wall Street extended gains on Friday, as the US job growth slowed sharply in May, raised hopes that the Federal Reserve could cut interest rate this year.

Fri, 07 Jun 2019 16:05:50 GMT

Crude oil prices edge higher

On Friday, crude oil prices retraced from a five-year low after Saudi Arabia signalled that the Organisation of the Petroleum Exporting Countries (OPEC) could extend the supply cut deal.

Fri, 07 Jun 2019 14:56:36 GMT

Facebook halts app pre-installations on Huawei devices

Facebook has suspended pre-installation of the social media giant's apps on Huawei smartphones; the latest hit on the Chinese company as it is trying to keep the business afloat following US ban imposed on its purchase and software.

Fri, 07 Jun 2019 13:50:43 GMT

Hearing on Huawei's CFO to happen in 2020

Meng Wanzhou, the Chief Financial Officer of Huawei, is set to challenge the extradition to the US amid fraud charges on hearing planned to be held in Japan, starting from January 20, 2020.

Fri, 07 Jun 2019 11:56:18 GMT

Walmart to restart groceries delivery service

Walmart is set to relaunch its service that offers groceries delivery to customers' refrigerators, as the company seeks to find unconventional options to offer rapid and cheap delivery of its online orders.

Fri, 07 Jun 2019 11:12:02 GMT

Russia's Sibur sees listing not earlier than 2020

The Russian biggest petrochemicals company Sibur stated it might launch an initial public offering not earlier than next year, seeing Moscow as listing's main venue, according to the group's CEO Dmitry Konov.

Fri, 07 Jun 2019 10:03:34 GMT

Toyota speeds up EV schedule

On Friday, Toyota Motor Corporation announced that it intends to make half of its sales from electric vehicles by 2025. The company has moved forward this goal by five years from 2030.

Fri, 07 Jun 2019 09:38:37 GMT

Swiss Re set for UK unit's $4.5B IPO

Swiss Re is planning to launch an initial public offering of its $4.5B British life insurance business located in London, as it seeks to put the unit under a more favourable regulatory regime, granting it easier access to the capital to fund business expansion.

Fri, 07 Jun 2019 08:38:46 GMT

Qatar Airways asks for compensation over MAX grounding

Qatar Airways is planning to urge Boeing for compensation over its three 737 MAX jet grounding by Italy's carrier Air Italy, where Qatar Airways holds a majority stake, group's CEO Akbar al-Baker stated on Friday.

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