News

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Mon, 21 Jan 2019 12:59:12 GMT

Rheinmetall forms JV with BAE Systems

On Monday, Germany's defence and automotive group Rheinmetall stated it would form a joint venture with the peer BAE Systems, planning to design, develop and back military vehicles.

Mon, 21 Jan 2019 11:55:22 GMT

UK PM May attempts to crack Brexit deadlock

On Monday, Britain's Prime Minister Theresa May will make her efforts to break the Brexit deadlock by providing the Parliament with proposals that are seen to focus on more concessions winning from the EU bloc.

Mon, 21 Jan 2019 11:40:02 GMT

Israel unveils new airport to bolster tourism in Eilat

Israel opened its new international airport close to the Eilat Red Sea resort, seeking to bolster winter tourism and provide an alternative during the wartime in the Tel Aviv region.

Mon, 21 Jan 2019 11:35:12 GMT

Russia launches civil cases against Twitter, Facebook

On Monday, the Russian communication watchdog stated it had launched a civil case against Facebook and Twitter, as the social media services failed to give an explanation on how they would comply with the local data laws.

Mon, 21 Jan 2019 10:39:23 GMT

WhatsApp globally limits text forwards to five

Facebook's WhatsApp is limiting the number of one message's "forwards" a user can make to five times, seeking to battle "rumours and misinformation", the company explained.

Mon, 21 Jan 2019 10:35:55 GMT

German minister urges UK to revise Brexit

On Monday, Michael Roth, the German Europe Minister, called on Britain to consider revising its decision to withdraw the European Union.

Mon, 21 Jan 2019 09:25:53 GMT

US regulators consider fining Facebook over privacy

The US regulators are discussing whether to impose a fine on Facebook for the personal data and privacy violations, according to the Washington Post.

Mon, 21 Jan 2019 09:17:56 GMT

Meggitt clinches $750M deal with Pratt & Whitney

On Monday, the UK engineering company Meggitt announced it had clinched a $750M deal with the engine maker Pratt & Whitney to keep supplying composite components for two of its engines.

Mon, 21 Jan 2019 08:20:47 GMT

Berkshire denies pact to extract lithium

Berkshire Hathaway's unit denied a media report that claimed it had reached a deal to allow lithium extraction from its Californian geothermal wells, the company's spokesman Jessi Strawn stated.

Mon, 21 Jan 2019 08:18:11 GMT

EU power firms want to reuse EV batteries

EDF and E.ON have cooperated with Nissan Motor over services development to allow power that is stored in electric car batteries to be returned back to grid.

Mon, 21 Jan 2019 07:39:12 GMT

Nippon Life's head explores M&A in US

Nippon Life Insurance's President Hiroshi Shimizu stated it was actively exploring merger and acquisition options in the United States and Asia, seeking for the world's biggest life insurance markets.

Mon, 21 Jan 2019 07:36:30 GMT

GSK's Chairman Hampton to resign

On Monday, GlaxoSmithKline announced its Chairman Philip Hamptonwill would leave the company after almost four years in his role, adding it had been already searching for a successor.

Mon, 21 Jan 2019 06:05:30 GMT

China aluminium hit record high in December

China reported on Monday its December aluminium surged to its record high of 3.05M, up 8.2% from November, for the second month in a row, showing an 11.3% rise from the same month a year earlier.

Mon, 21 Jan 2019 05:57:43 GMT

Thai tycoon steps down from Bangkok Airways, Bangkok Dusit

On Monday, Prasert Prasarttong-osoth has resigned as the CEO of Bangkok Airways and Bangkok Dusit Medical Services, after the country's watchdog barred the Thai tycoon from holding these offices due to share manipulation allegations.

Mon, 21 Jan 2019 05:36:33 GMT

Australia's Sandfire makes $63M bid for MOD Resources

Sandfire Resources, the copper miner, announced on Monday it had approached MOD Resources with a $63M worth bid, seeking a potential merger of the two firms.

Mon, 21 Jan 2019 05:33:04 GMT

Sports Direct's Ashley considers rescuing retailer HMV

Sports Direct head Mike Ashley has entered talks over rescuing HMV, the music retailer, from administration, as it was hit by the severe trading conditions in the British retail sector, Sky News report showed on Sunday.

Mon, 21 Jan 2019 04:30:15 GMT

China's industrial production grows 6.2% in 2018

The Chinese industrial output increased 6.2% year-over-year in 2018, slowing from 6.6% growth in the prior year, official data revealed on Monday.

Mon, 21 Jan 2019 03:07:57 GMT

Japanese manufacturers' mood at two-year low

Confidence among Japan's manufacturers fell for a third month in succession in January to the lowest level in two years, as worries over the global economy's health and trade tensions took a toll over the corporate sector.

Mon, 21 Jan 2019 03:01:47 GMT

UK house prices grow at weakest pace since 2012

Asking prices for the UK property rose at the weakest pace since 2012 due to ongoing Brexit worries, suggesting lingering weakness in Britain's house prices.

Mon, 21 Jan 2019 02:57:01 GMT

China GDP growth weakens to 6.4% in Q4

China's economy expanded 6.4% year-on-year in the fourth quarter of 2018, official data revealed, in line with forecasts and slower than the prior quarter's 6.5% growth.

Sun, 20 Jan 2019 20:56:01 GMT

China Jiangsu approves $18B wind power projects

The Chinese eastern-central coastal province Jiangsu has approved 24 wind power projects worth $18B with a total capacity of 6.7 gigawatts to boost clean energy production.

Sun, 20 Jan 2019 20:49:25 GMT

China forestry output reaches $1.1T in 2018

The Chinese forestry sector output reached $1.1T in 2018, a 2.88% increase from the prior year, the National Forestry and Grassland Administration reports.

Sun, 20 Jan 2019 20:35:49 GMT

Xi sends condolences to Mexican President over pipeline blast

The Chinese President Xi Jinping has sent condolences to his Mexican counterpart Andres Manuel Lopez Obrador over a deadly pipeline blast in central Mexico.

Sun, 20 Jan 2019 20:34:37 GMT

Israeli PM visits Chad

The Israeli Prime Minister Benjamin Netanyahu visits Chad, a Muslim-majority country, to announce the resumption of diplomatic relations between two nations.

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