News

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Wed, 13 Mar 2019 16:28:35 GMT

Fiat Chrysler to phase out 863K US cars

Fiat Chrysler Automobiles is set to recall 862,520 gasoline-powered cars in the US, which do not meet the American emissions standards, the EPA announced on Wednesday.

Wed, 13 Mar 2019 16:25:59 GMT

Verizon to launch 5G mobile service from in US cities

On Wednesday, Verizon Communications stated it would launch the 5G mobile network service in Minneapolis and Chicago, starting April 11 by using any unlimited mobile plans for the $10 cost.

Wed, 13 Mar 2019 15:23:51 GMT

Norwegian Air calls on Boeing for compensation

Norwegian Air stated on Wednesday it would demand compensation from the aircraft maker Boeing for loses after the carrier had to ground its fleet of eight 737 MAX planes amid the fatal crash in Ethiopia.

Wed, 13 Mar 2019 15:19:33 GMT

Insys Therapeutics auditor casts going concerns doubts

On Wednesday, Insys Theraupetics' auditor raised its doubts over the company's ability to keep going on as an operating business, sending the drugmaker's shares down 10%.

Wed, 13 Mar 2019 14:39:12 GMT

Adidas shares drop on supply chain issues

Adidas is seeing supply chain problems to slow its sales growth in this year's first half in North America, the company said on Wednesday, sending its shares down to 3.5%.

Wed, 13 Mar 2019 13:38:07 GMT

US producer prices rise slightly in February

The producer price index in the United States increased by 0.1% in February, missing analysts' expectations, according to the Labor Department's report published on Wednesday.

Wed, 13 Mar 2019 13:32:31 GMT

JPMorgan's Chase set to about 90 new branches

JPMorgan Chase's consumer banking division announced on Wednesday it would open about 90 branches in nine key US markets amid severe competition among three US banks for deposits and loans.

Wed, 13 Mar 2019 12:38:44 GMT

Spotify sues Apple over music streaming service

Spotify filed a legal European Union antitrust complaint against Apple Inc., claiming the US tech giant unfairly limits competitors to its Apple Music streaming platform.

Wed, 13 Mar 2019 12:35:58 GMT

African firm Jumia files for NYC IPO

The African e-commerce firm Jumia, backed by the German investor Rocket Internet, filed for an initial public offering in New York that could value the company at no less than $1.6B.

Wed, 13 Mar 2019 10:47:14 GMT

EU questions Brexit extension

On Wednesday, the head of the EU's Brexit negotiation team announced that he doubts that there is a need to extend the UK's Brexit deadline beyond March 29.

Wed, 13 Mar 2019 10:46:34 GMT

Ethiopian Airlines CEO comments on Boeing

The Chief Executive Officer of Ethiopian Airlines on Wednesday announced that Boeing has to ground all of the eight 737 MAX airplanes until it is clear that they are safe.

Wed, 13 Mar 2019 10:18:37 GMT

Avast head Steckler plans to resign this year

Cybersecurity company Avast's CEO Vince Steckler is set to retire from his position, the company announced on Wednesday, after disappointing annual earnings and revenue results since its listing in May.

Wed, 13 Mar 2019 10:10:14 GMT

Kazakshstan grounds Boeing 737 MAX planes

On Wednesday, the civil aviation committee of Kazakhstan suspended Boeing 737 MAX aircraft, joining other countries, after two fatal crashes in Ethiopia and Indonesia, which involved the planes.

Wed, 13 Mar 2019 09:04:21 GMT

Mexico regulator approves Disney-Fox deal

Mexico's telecoms regulator has granted its approval to the Walt Disney's $71B takeover of 21st Century Fox's TV and films assets, including the Fox Sports channels sale.

Wed, 13 Mar 2019 08:58:53 GMT

Fiji halts Boeing 737 MAX planes

On Wednesday, Fiji's Civil Aviation Authority and Fiji Airways has grounded the airline's two Boeing Co 737 MAX jets, after two fatal crashes in Ethiopia and Indonesia that involved the aircraft.

Wed, 13 Mar 2019 08:07:20 GMT

Edmond de Rothschild Swiss bank to be taken private

The Benjamin de Rothschild family is planning to take Edmond de Rothschild, the Swiss asset management and private banking group, private to consolidate its activity, making the Swiss bank its operating holding firm.

Wed, 13 Mar 2019 08:03:34 GMT

VW brand to trim workforce by up to 7K staff

On Wednesday, Volkswagen announced it would cut up to 7K jobs, as it sought to lift productivity and reach a gold of €5.9B annual savings by 2023 at its VW brand with intention to increase the carmaker's operating margin to 6%.

Wed, 13 Mar 2019 07:39:51 GMT

Huawei Italia sees no impact from US dispute

China's Huawei Italia CEO Thomas Miao stated on Wednesday there seemed no impact from the on-going US dispute, but clients were concerned.

Wed, 13 Mar 2019 07:37:42 GMT

Sigma Healthcare board drops API offer

On Wednesday, the board of Sigma Healthcare, Australia's pharmacy operator, rejected a A$727M take-over proposal made by Australian Pharmaceutical Industries, as the bid was not in the shareholders' best interests.

Wed, 13 Mar 2019 05:55:44 GMT

Big Japanese firms offer smaller pay increases

On Wednesday, major Japanese companies offered smaller wage hikes at the yearly wage discussions, as the economy wobbles.

Wed, 13 Mar 2019 05:55:32 GMT

British Pound edges higher after PM May's Brexit defeat

The Pound Sterling rose on Wednesday after the UK Parliament voted against Prime Minister Theresa May's EU exit agreement.

Wed, 13 Mar 2019 05:02:28 GMT

Crude oil prices edge higher on Wednesday

On Wednesday, crude oil prices edged higher. The surged was attributed to OPEC supply cuts and the US sanctions against Venezuela and Iran.

Wed, 13 Mar 2019 05:00:54 GMT

Culvahouse says China is using payday loan diplomacy in Asia-Pacific

The US Ambassador to Australia Arthur Culvahouse said on Wednesday that China is using payday loan diplomacy to exercise its influence in the Asia-Pacific.

Wed, 13 Mar 2019 04:09:55 GMT

UK to meet Google, Facebook competition with new regulations

The UK would need to overhaul competition rules to tackle the tech giants', such as Google, Facebook and Amazon, dominance and increase consumers' choice, a government review showed.

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