News

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Mon, 14 Jan 2019 11:44:32 GMT

Saudi Arabia will invest in solar power

On Monday, it was announced that Saudi Arabia intends to create a two billion carbon black and solar complex. The project will be developed together with OCI from South Korea and Longi from China.

Mon, 14 Jan 2019 11:16:10 GMT

Greek parliament will hold a confidence vote

It was officially confirmed that the Greek Parliament will hold a confidence vote on Wednesday. The Prime Minister initiated the voted following the resignation of his coalition partner.

Mon, 14 Jan 2019 11:15:37 GMT

India will increase fertilizer subsidies

On Monday, it was announced by Indian officials that the government will increase its fertilizer subsidies by $4.2 billion. The main reason for the decision was the ineffective way the previous year'' budget was utilized.

Mon, 14 Jan 2019 10:20:11 GMT

Italy hopes to agree rail project by May

The Italian Transport Minister Danilo Toninelli stated on Monday that the government hoped to come to an agreement with French colleagues on whether to build a railroad between Turin and Lion by May.

Mon, 14 Jan 2019 10:15:38 GMT

China warns of growing protectionism

The Spokesman of China's Customs Service Li Kuiwen stated on Monday that the two most important threats for global trade this year are protectionism and external uncertainty.

Mon, 14 Jan 2019 09:19:14 GMT

Oil prices plunge amid weak Chinese data

Crude oil prices fell by 1.1% or 59 cents on Monday morning, reaching $51 a barrel, amid signs of weakening of both Chinese imports and exports.

Mon, 14 Jan 2019 09:12:04 GMT

Putin likely to visit Japan in summer

The Foreign Minister of Japan Taro Kono stated on Monday that Russian President Vladimir Putin most probably would make an official visit to Japan in June.

Mon, 14 Jan 2019 08:22:47 GMT

British government prepares for no-deal Brexit

The British International Trade Secretary Liam Fox stated on Monday that despite expectation of a successful outcome in voting in the House of Commons the government was preparing itself for Brexit without a deal.

Mon, 14 Jan 2019 08:18:17 GMT

Kramp-Karrenbauer complains of environmental lobby

The head of German Christian Democrats Annegret Kramp-Karrenbauer highlighted on Monday an unprecedented pressure on diesel made by the lobbyists of different environmental organizations.

Mon, 14 Jan 2019 03:55:45 GMT

L'Occitane to buy ELEMIS for $900M

Beauty products producer and retailer L'Occitane is expected to buy skincare and beauty brand ELEMIS for $900M, aiming to build premium cosmetics brands' portfolio.

Mon, 14 Jan 2019 03:55:34 GMT

Brexit harms UK financial sector, outlook

Uncertainty over the UK economy and Brexit led demand for the county's financial services to shrink for the first time since 2013, a survey by PwC and CBI showed.

Mon, 14 Jan 2019 03:19:11 GMT

CapitaLand leads REIT consolidation in Singapore

Singapore's CapitaLand bought the clutch of real estate investment trusts' owner from Temasek for about $4.4B in a deal expected to create the biggest diversified real estate group in Asia.

Mon, 14 Jan 2019 03:13:05 GMT

China's export growth strongest in seven years

China's exports grew 9.9% in 2018, its strongest performance in seven years, despite increasing disruptions from a trade war with the US, customs data revealed.

Sun, 13 Jan 2019 21:24:50 GMT

Les Echos says Ghosn got $8M from JV

According to publication made by the Les Echos newspaper, the arrested Chairman of Renault-Nissan alliance Carlos Ghosn received &8B from Dutch JV.

Sun, 13 Jan 2019 21:21:10 GMT

Greek PM to call confidence vote

The Prime Minister of Greece Aleksis Alexis Tsipras stated on Sunday that he would initiate a confidence vote amid resignation of the country's Defence Minister.

Sun, 13 Jan 2019 20:27:00 GMT

Le Pen starts election campaign

On Sunday, famous French politician Marine Le Pen started her election campaign for the seat in the European Parliament via appeal to the protesting "yellow vests".

Sun, 13 Jan 2019 20:21:10 GMT

Graham asks Trump to open government

On Sunday, the US Senator Lindsey Graham urged Donald Trump to temporarily open the government to renew talks on budget spenditure, including for border issues.

Sun, 13 Jan 2019 18:41:06 GMT

Poland might limit Huawei products

Polish officials are considering banning Huawei product use by public officials. The announcement follows after the arrest of a Huawei official.

Sun, 13 Jan 2019 18:40:39 GMT

White House evaluated a strike on Iran

The Wall Street Journal on Sunday revealed that the White House asked the Pentagon to evaluate various options of striking Iran.

Sun, 13 Jan 2019 18:08:48 GMT

US might sanction German companies

US officials on Sunday announced that German companies, which are involved in the Nord Stream 2 pipeline project with Russia will be sanction, if they continue on with the project.

Sun, 13 Jan 2019 18:08:09 GMT

US Government shutdown breaks record

On Sunday, the partial US government shutdown, which was initiated by the US President, entered its 23rd day. This makes it the longest shutdown in the US history.

Sun, 13 Jan 2019 17:09:56 GMT

German railway wants to sell its subsidiary

German railway representatives on Sunday revealed a proposal to sell its Arriva subsidiary. The sale should fill in a four billion euro financing gap of the Deutsche Bahn.

Sun, 13 Jan 2019 17:09:04 GMT

Yellow vests attack media representatives

On Sunday, French media and various reporters denounced this week's attacks by yellow vest protesters. In addition, the media called on officials to protect them.

Sun, 13 Jan 2019 16:27:20 GMT

German regulator stands against Siemens-Alstom merger

According to report published by the Frankfurter Allgemeine Zeitung newspaper, Germany's anti-trust regulator expressed deep concers over the planned Siemens-Alstom merger.

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