News

Note: This section contains information in English only.
Sun, 09 Aug 2020 03:31:45 GMT

Qualcomm wants to sell its chips to Huawei

Chipmaker Qualcomm lobbied the US government to revoke restrictions over the sale of components to Huawei Technologies after China's company was blacklisted by the US.

Sat, 08 Aug 2020 20:48:29 GMT

Mubadala reveals 7% stake in Virgin Galactic

Mubadala Investment, Abu Dhabi's state fund, reported a stake of more than 7% in Virgin Galactic Holdings, the space tourism firm.

Sat, 08 Aug 2020 19:43:37 GMT

Berkshire Hathaway cuts stuff

Berkshire Hathaway announced on Saturday a $9.8B writedown and 10K job cuts at its aircraft parts unit, Precision Castparts.

Sat, 08 Aug 2020 19:34:41 GMT

IMF to negotiate new deal for Argentina

The International Monetary Fund is expected to start talks with Argentina to negotiate a new lending deal instead of the cancelled one.

Sat, 08 Aug 2020 17:49:57 GMT

UK to urge France to block migrant boats

According to the British Immigration Compliance Minister Chris Philp, the UK government would urge France to stop the English Channel migrant crossings.

Sat, 08 Aug 2020 16:58:25 GMT

UK and Lebanon agree to work on recovery

Lebanon's President Michel Aoun and the UK Prime Minister Boris Johnson have agreed to work on recovery from Beirut's port explosion.

Sat, 08 Aug 2020 16:03:01 GMT

Huawei plans to stop making Kirin chipsets

According to the financial magazine Caixin report published on Saturday, Huawei Technologies would stop manufacturing Kirin chipsets in September.

Sat, 08 Aug 2020 15:05:16 GMT

France sends specialist teams to Mauritius

France will send equipment and specialist teams to Mauritius after the country declared oil spill emergency, the French President Emmanuel Macron announced on Saturday.

Sat, 08 Aug 2020 14:13:30 GMT

Italy extends support for domestic economy

The Italian Prime Minister Giuseppe Conte confirmed that the government will continue hat the government will continue to support small and mid-sized businesses by offering tax-breaks and financial aid until the end of 2020.

Sat, 08 Aug 2020 13:03:32 GMT

Berkshire Hathaway's operating profit takes a hit

On Saturday, the Warren Buffet's holding company announced its operating profit dropped 10% in Q2 2020 as part of the businesses owned by the company struggle from the coronavirus-caused unrest.

Sat, 08 Aug 2020 12:23:56 GMT

US company introduces hologram devices

A Los Angeles-based tech company PORTL INC. is offering devices that record and display real-time holograms, the price for a unit currently starts at $60k, however, is expected to diminish in the future.

Sat, 08 Aug 2020 10:40:03 GMT

Huawei to stop chipsets production

According to the Caixin magazine, Huawei is planning to stop Kirin chipsets production amid the growing pressure from the US.

Sat, 08 Aug 2020 10:11:34 GMT

Turkey exempts companies from FX tax

According to the Official Gazette, financial institutions not residing in Turkey were exempted from paying 1% the Bank Insurance and Transaction Tax.

Sat, 08 Aug 2020 09:04:07 GMT

Hong Kong market watchdog calms investors

The Securities and Futures Commission stated on Friday that none of the sanctions imposed by the United States would not impact operation of companies in Hong Kong.

Sat, 08 Aug 2020 08:27:07 GMT

Xpeng files for listing in New York

Xpeng Inc, Chinese EV maker, filed on Friday an application for listing its shares on the New York Stock Exchange.

Sat, 08 Aug 2020 06:49:01 GMT

TikTok sees ad disruptions on possible ban

TikTok has started to prepare advertisers for potential app ban in the US by offering refunds to ad buyers for the campaigns that are unlikely to run.

Sat, 08 Aug 2020 05:56:15 GMT

US wholesale inventories fall less than expected

US wholesale inventories declined less than expected in June, showing signs of the goods import rebound after the coronavirus outbreak disrupted trade flows.

Sat, 08 Aug 2020 04:54:02 GMT

SoftBank likely to return to profitability

SoftBank Group Corp is expected to return to profitability in Q1 as its listed holdings climb, a few months after the faltering tech bets through its Vision Fund brought the company to its record annual loss.

Sat, 08 Aug 2020 03:10:56 GMT

Mahindra looks for investors for EV business

India's Mahindra & Mahindra seeks for investors for its local electric vehicles business, while completing the carmaker's investment plans for the Automobili Pininfarina unit.

Fri, 07 Aug 2020 23:06:14 GMT

US-listed Chinese stocks drop on WeChat, TikTok ban

On Friday, US-listed stocks of Chinese companies dropped after the US President Donald Trump revealed bans on the US transactions with the WeChat messaging app and TikTok video-sharing app owners based in China.

Fri, 07 Aug 2020 19:41:11 GMT

Canada to impose tariffs on US goods

Canada is set to impose tariffs on C$3.6 billion worth of US aluminium products in retaliation after Washington claimed to implement punitive measures on Canada's aluminium imports, according to a senior official.

Fri, 07 Aug 2020 18:53:24 GMT

Delta seeks 3K flight attendants on unpaid leave

Delta Air Lines wants at least 3K of its roughly 20K flight attendants taking unpaid leave for the period of 4-12 months, seeking involuntary furloughs avoidance, a source familiar with the issue said on Friday.

Fri, 07 Aug 2020 18:28:44 GMT

US earnings recovery seen at positive potentials

Refinitiv data showed that profit growth outlooks of the US companies are expected to remain unharmed in the following five years, suggesting that the coronavirus impact on firms might be more fleeting compared to previous crises.

Fri, 07 Aug 2020 16:56:21 GMT

UK, Japan near trade deal

Japan and Britain are close to signing their trade deal, but the conditions of the accessibility to the agricultural goods have not been defined yet.

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