News

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Mon, 15 Apr 2019 04:30:17 GMT

Catalent takes over Paragon Bioservices

The drug developer Catalent is set to acquire the privately-owned, gene-therapy oriented Paragon Bioservices in a deal valued at $1.2B, according to the Wall Street Journal's report on Sunday.

Mon, 15 Apr 2019 03:32:50 GMT

US to use all tools to keep Maduro accountable

The United States is set to use all political and economic tools at its disposal to keep Venezuela's President Nicolas Maduro accountable for his country's crisis, the US State Secretary Mike Pompeo stated.

Mon, 15 Apr 2019 03:30:14 GMT

British car insurance premiums decline 1% in Q1

The comprehensive car insurance policy's cost fell 1% in the UK in the first quarter, affected by uncertainty over the rate used to calculate the Civil Liability Bill and compensation for personal injury.

Sun, 14 Apr 2019 20:29:19 GMT

Mobile phones' market to decrease this year

Shipments of mobile phones were expected to reach 1.8B units this year, a 0.5% fall year-on-year, though the market is forecast to return to expansion with 1.2% higher shipments next year.

Sun, 14 Apr 2019 20:27:31 GMT

Shell in $300M initiative to address CO2 emissions

Shell announced plans to invest $300M in a three-year programme within the company's strategy to act over global climate changes, including addressing CO2 emissions.

Sun, 14 Apr 2019 19:36:15 GMT

PC sales fall globally 4.6% in Q1

PC unit shipments declined worldwide almost 4.6%t year-over-year in the Q1 of this year, due to CPU supply constraints, political instability and weak demand.

Sun, 14 Apr 2019 19:35:24 GMT

Mubadala's unit buys $130M Equinox Gold's notes

Mubadala Investment ‘s wholly-owned subsidiary MDC Industries completed a $130M subscription for convertible notes issued by Equinox Gold.

Sun, 14 Apr 2019 18:26:15 GMT

Domino's to buy up troubled Denmark's operation

Domino's Pizza agreed to pay $4M for the Danish franchise after the local operator of the region went into administration.

Sun, 14 Apr 2019 18:25:56 GMT

Mazda recalls almost 190K cars

Mazda was recalling nearly 190K Mazda 3 compact vehicles in the US due to the possible fail of windshield wipers.

Sun, 14 Apr 2019 17:15:16 GMT

Trump: Fed should start crisis-era stimulus

The US President Donald Trump stated that actions by the Fed have nicked the country's economic growth and stock market gains 30%, and that it should start to pump money into the economy as it was done during the crisis.

Sun, 14 Apr 2019 17:12:30 GMT

Italy's growth to strengthen in H2

Giovanni Tria, the Economy Minister of Italy, announced expectations for the country's growth to pick up in the H2 of 2019, as measures to revive a stagnant economic expansion take effect.

Sun, 14 Apr 2019 16:34:00 GMT

VW to contend Tesla in China

Volkswagen announced plans to build an electric SUV for China in the period from 2021, competing with the local market leader Tesla's Model X, as Germany's carmaker ramps up zero emissions vehicles' production.

Sun, 14 Apr 2019 16:24:57 GMT

Moscovici: EZ budget to have stabilising role

Pierre Moscovici, the EC for Economic and Financial Affairs, stated that the future EZ budget is likely to have to take over the task of softening economic shocks in spite of current resistance from Northern European countries.

Sun, 14 Apr 2019 15:14:04 GMT

Uber rises spending on autonomous vehicle technology

Uber Technologies spent more than $1B autonomous car technology to compete with majors such as Apple, Alphabet and General Motors, with the company's filing for IPO showing $475M in R&D expenses for self-driving unit.

Sun, 14 Apr 2019 14:57:48 GMT

Etisalat to spend $1B on digital transformation

UAE-based telecoms major Etisalat announced plans to invest $1.09B in digital transformation, fibre and mobile networks in 2019, the company's CTO stated.

Sun, 14 Apr 2019 14:33:31 GMT

Japan: sales tax to be increased as scheduled

Taro Aso, the Japanese Finance Minister, promised to global finance leaders that the country will move ahead with sales tax hike as scheduled in October, even as weakening global expansion darkened the outlook for the economy.

Sun, 14 Apr 2019 14:30:43 GMT

Subaru to recall 5K cars in China

Japan's automaker Subaru is expected to recall more than 5K vehicles sold in China due to possible safety hazards.

Sun, 14 Apr 2019 13:02:18 GMT

CEEC to deepen ties with China

After a meeting held in the city of Dubrovnik, the leaders of Central and Eastern European Countries (CEECs) expressed the hope that their bilateral relations with China would enhance and reach new level.

Sun, 14 Apr 2019 13:02:12 GMT

China to continue financial sector opening

The Deputy Governor of China's Central Bank Chen Yulu stated on Sunday that the country would continue to systemically open up its financial sector.

Sun, 14 Apr 2019 12:23:25 GMT

Iran evaluates damage from floods

The Interior Minister of Iran Abdolreza Rahmani Fazli stated on Sunday that the deadly March floods have caused nearly $2.5B in damage to infrastructure.

Sun, 14 Apr 2019 12:20:18 GMT

Publicis to acquire Alliance Data's Epsilon unit

The French advertising group Publicis stated on Sunday that it would $4.4B for acquisition of Alliance Data's Epsilon marketing division, thus broadening its activity in North America.

Sun, 14 Apr 2019 11:22:58 GMT

Thousand Jet Airways pilots to stop working

Starting from Monday nearly 1K Indian Jet Airways pilots would not go to work because of non-receipt of salaries over the past quarter.

Sun, 14 Apr 2019 11:18:44 GMT

Lidington says negotiations with Labour will continue

The UK Cabinet Office Minister David Lidington stated on Sunday that negotiations between the government and the opposition Labour party over Brexit deal would continue, though they should not last for months.

Sun, 14 Apr 2019 10:24:39 GMT

Pete Buttigieg to join presidential race

On Sunday, the mayor of South Bend in Indiana Pete Buttigieg is expected to formally announce his participation in the 2020 presidential campaign, as one of the Democratic party's representatives.

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