News

Note: This section contains information in English only.
Thu, 12 Jul 2018 18:13:46 GMT

President Trump says Putin is not an enemy

On Thursday, US President Donald Trump labelled Russian President Vladimir Putin as a competitor rather than an enemy.

Thu, 12 Jul 2018 17:24:24 GMT

Beijing advises US companies to lobby Washington over trade dispute

China stated on Thursday that Foreign companies operating in China could suffer more in a trade war, advising US companies to lobby Washington to protest their interest.

Thu, 12 Jul 2018 17:21:54 GMT

House Speaker Ryan says that new tariffs are not the solution

House Speaker Paul Ryan stated on Thursday that he does not support President's Donald Trump moves to impose new tariffs on major US trading partners.

Thu, 12 Jul 2018 16:34:30 GMT

ECB to keep rates low as long as needed

The European Central Bank is set to keep rates at their record-low level for as long period as needed to boost inflation, according to the Bank's meeting minutes published on Thursday.

Thu, 12 Jul 2018 16:31:36 GMT

Tesla delivers 200K cars, tax credits to be lowered

Tesla delivered 200K electric vehicles to buyers in the United States, meaning that tax credits are to be lowered. Meanwhile, rivals, including BMW, Audi and Mercedes-Benz, are set to bring EV with full tax credit.

Thu, 12 Jul 2018 15:33:01 GMT

Germany's mobile operators to increase 4G network coverage

Germany's mobile operators promised to the government that they would boost 4G networks coverage to 99% by the end of the year of 2020, the Minister of Transport Andreas Scheuer stated.

Thu, 12 Jul 2018 15:30:46 GMT

US inflation up 2.9% in June

The US consumer prices accelerated growth pace to 2.9% in June, following a 2.8% rise in the prior month, the Labour Department stated.

Thu, 12 Jul 2018 14:21:39 GMT

Shanghai to accelerate cancellation of foreign investment restrictions

Shanghai is set to speed up its efforts to cancel the limits of the foreign investment in the car manufacturing sector, following Tesla's deal to build up a wholly owned car factory in the city.

Thu, 12 Jul 2018 14:06:41 GMT

Eutelsat ties up with rivals on US C-band proposal

French firm Eutelsat has partnered with its satellite operator competitors SES and Intelsat over an offer to free up the US spectrum of 5G mobile networks.

Thu, 12 Jul 2018 13:30:32 GMT

Next Insurance attracts $83M to fund US expansion

A digital insurance firm Next Insurance stated on Wednesday it had attracted $83M, taking the total raised during the last two years to $131M.

Thu, 12 Jul 2018 12:37:14 GMT

Mapillary hires Apple's computer vision expert

The Sweden-based mapping start-up Mapillary has hired Apple's computer vision expert Till Quack, the company announced on Wednesday.

Thu, 12 Jul 2018 12:05:12 GMT

Facebook hit by small but symbolic Britain's fine over data breaches

Facebook is set face a small penalty imposed by the UK information regulator over the data protection breaches connected to the Cambridge Analytica scandal.

Thu, 12 Jul 2018 11:36:15 GMT

Twitter sees no hurt on user metrics from fake accounts removal

Twitter stated it viewed no damage on tits user metrics from about 70M fake accounts it had removed from the platform.

Thu, 12 Jul 2018 10:00:28 GMT

UK financial firms might be left without EU licences

European Union authorities on Thursday revealed that some UK financial firms have not applied for an EU licence in other countries in the union.

Thu, 12 Jul 2018 09:59:51 GMT

Trump keeps spending demand on NATO

Although Donald Trump was friendlier than some expected during the NATO summit, he still continues to pressure the alliance into increasing defence spending.

Thu, 12 Jul 2018 09:32:15 GMT

Apple's former employee accused of stealing autonomous car trade secrets

On Monday, the US authorities accused the ex-Apple employee of stealing the self-driving car trade secrets, alleging he had downloaded them before leaving the country for China.

Thu, 12 Jul 2018 09:18:10 GMT

AT&T ties up with Magic Leap to sell wireless gadgets in US

AT&T has teamed up with Magic Leap, an augmented reality start-up supported by Alibaba and Google, as it is planning exclusive wireless gadgets sale in the United States.

Thu, 12 Jul 2018 08:38:32 GMT

HSH Nordbank bondholders ask US for help in privatisation lawsuit

HSH Nordbank's bondholders in Germany seek to file a lawsuit against the lender for the presumable unfair treatment during privatisation, calling on the United States for help to issue subpoenas for its new owners.

Thu, 12 Jul 2018 08:35:49 GMT

Steinhoff calls on creditors for deal to shelve debt claims

Steinhoff is in negotiations with creditors over a deal to delay debt claims for the next three years to restructure $10.55B of debt, South Africa's retailer stated on Wednesday.

Thu, 12 Jul 2018 07:02:51 GMT

Apollo expresses interest in Nexstar acquisition

Apollo Global Management, the US buyout company, approached Nexstar Media Group, expressing interest in a takeover of the TV stations operator, sources reported.

Thu, 12 Jul 2018 06:54:49 GMT

Indonesia signs deal to acquire controlling stake in Freeport mine

Indonesia has signed an initial accord with Freeport-McMoRan for the state-led mining firm PT Inalum to acquire a majority stake in the Freeport's local unit, the authorities announced on Thursday.

Thu, 12 Jul 2018 06:37:58 GMT

US defence contractor Engility considers sale

Engility Holdings, the US defence contractor, is considering a sale, due to a consolidation wave in the US government services sector, sources close to the issue announced on Wednesday.

Thu, 12 Jul 2018 06:34:49 GMT

Pfizer to reorganise into three units, separates consumer health arm

On Wednesday, Pfizer stated it would launch its reorganisation into three arms, planning to separate its consumer health unit that has been on a sale since the last year.

Thu, 12 Jul 2018 05:00:04 GMT

Bank of Korea keeps rates unchanged

The Central Bank of South Korea held its monetary policy steady for a fifth meeting in successions, as the weak state of the labour market and the US-China trade war clouded the outlook.

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