News

Note: This section contains information in English only.
Wed, 07 Nov 2018 10:50:29 GMT

Indian commission rejects Uber and Ola allegations

On Wednesday, the Competition Commission in India announced that Ola and Uber have not broken price fixing rules.

Wed, 07 Nov 2018 10:04:37 GMT

US court: Qualcomm needs to license its technology to competitors

On Tuesday, the federal judge of the US Lucy Koh ruled that chipmaker Qualcomm needs to license some of the developed technologies related to the modem chips to its rivals.

Wed, 07 Nov 2018 10:03:23 GMT

Monaco police detains Russian billionaire Rybolovlev over graft probe

On Tuesday, the police of Monaco detained the Russian tycoon Dmitry Rybolovlev as a part of the investigation whether he had been influencing the law enforcement officials of Monaco.

Wed, 07 Nov 2018 08:50:47 GMT

Germany's Maas says he will press China on arms control

On Tuesday, the Foreign Minister of Germany Heiko Maas claimed that he would press China during the upcoming meeting in Beijing to embrace the control of arms.

Wed, 07 Nov 2018 08:50:36 GMT

Tencent to open self-driving unit in Silicon Valley

On Tuesday, the Chinese technology giant Tencent stated that it was planning to establish a research team in Palo Alto, Silicon Valley, to work on self-driving vehicles, on which the company was actively working now.

Wed, 07 Nov 2018 08:35:14 GMT

Nokia signs $2.3B worth frame deals in China

On Wednesday, the Finnish telecom network maker Nokia stated it had clinched frame deals worth $2.3B with China Telecom, China Unicom and China Mobile.

Wed, 07 Nov 2018 06:10:14 GMT

Hyundai invests $250M in ridesharing start-up Grab

Singapore-based ridesharing app Grab has attracted $250M in the last funding round from the South Korean car manufacturer Hyundai Motor Co which plans to use the startup to test electric vehicles.

Wed, 07 Nov 2018 06:09:07 GMT

UK PM May appoints 5 councils to advice on Post-Brexit policy

On Tuesday, the Prime Minister of the UK Theresa May has appointed five councils to advice on economic and business challenges which country will face after leaving the EU.

Wed, 07 Nov 2018 04:08:09 GMT

Head of Wells Fargo wealth management to retire

On Tuesday, Wells Fargo & Co's reported that the head of bank's wealth management division Jay Welker is going to retire in March after working for the company for more than 20 years.

Wed, 07 Nov 2018 04:04:19 GMT

US agency investigates whether 1.7M GM vehicles need to be recalled

On Tuesday, The U.S. National Highway Traffic Safety Administration claimed that it is investigating whether 1.7M of SUVs produced by General Motors need to be recalled due to wiper failures.

Tue, 06 Nov 2018 21:39:37 GMT

ADB values cooperation with China

The relationships between China and the Asian Development Bank have improved strongly over the past three decades, the Stephen Groff, Vice President of ADB, says.

Tue, 06 Nov 2018 21:35:51 GMT

Iran: US sanctions target Iranian people

The US latest sanctions against Iran directly target the Iranian people, the Foreign Minister Mohammad Javad Zarif says.

Tue, 06 Nov 2018 19:51:13 GMT

Chinese PM to visit Singapore

The Chinese Premier Li Keqiang will visit Singapore at the invitation of the Singaporean Prime Minister Lee Hsien Loong to attend a series of meetings, the Foreign Ministry spokesperson Hua Chunying says.

Tue, 06 Nov 2018 19:50:22 GMT

Chinese Premier meets IMF chief

The Chinese Premier Li Keqiang meets with the International Monetary Fund Head Christine Lagarde to discuss international economic cooperation and free trade.

Tue, 06 Nov 2018 19:15:24 GMT

Brunei economy contracts in Q2

Brunei's economy contracted 2.8% in the second quarter of 2018, compared to the same period the previous year, the Department of Economic Planning and Development at the Ministry of Finance and Economy reports.

Tue, 06 Nov 2018 19:14:41 GMT

Iran, Russia discuss Syria, Yemen

Russian and Iranian officials hold a meeting in Iran's capital Tehran to review and discuss the latest events in Syria and Yemen, the Tasnim News Agency reports.

Tue, 06 Nov 2018 18:33:25 GMT

WTO chief: Chinese market open to everyone

The Chinese market is open to everyone, the World Trade Organization Director-General Roberto Azevedo says on the sidelines of the first China International Import Expo.

Tue, 06 Nov 2018 18:32:20 GMT

China to strengthen cooperation with Africa

China plans to further strengthen cooperation with Africa, the chairman of the National Committee of the Chinese People's Political Consultative Conference says.

Tue, 06 Nov 2018 16:57:02 GMT

Hong Kong to launch compliance probe into Cathay Pacific

Cathay Pacific Airways is set to face a compliance inquiry by the Hong Kong privacy commissioner over massive data breach that involved 9.4M passengers, as the carrier had allegedly violated privacy rules.

Tue, 06 Nov 2018 16:56:09 GMT

China's Chengtong considers acquiring Moscow hotel

China's state-owned asset-operating and investment company, Chengtong Holdings Group, has launched talks over acquiring the Peking Hotel, located in the centre of Moscow, from Russia's Hals Development.

Tue, 06 Nov 2018 16:34:01 GMT

Megafon to supply its unit with $1.7B for potential share buyback

The second-biggest mobile phone operator in Russia, Megafon, announced on Tuesday it would lend its Megafon Finance unit nearly $1.69B to fund a potential share buyback.

Tue, 06 Nov 2018 16:30:19 GMT

Amazon seeks splitting second HQs in two cities

Amazon.com is preparing to split the second headquarters between two cities amid over a year-long contest, which had drawn the overtures from locales in North America, sources reported on Tuesday.

Tue, 06 Nov 2018 15:30:11 GMT

Thomson Reuters views more acquisitions after Blackstone deal

Thomson Reuters is seeking to sign multiple takeover deals to bolster the company's Legal and Tax & Accounting divisions, following the majority stake sale in the financial terminal business, its CEO Jim Smith stated on Tuesday.

Tue, 06 Nov 2018 15:24:10 GMT

Investment firms to take fast-food firm Bojangles private

The fast-food chain Bojangles is set to be taken private by the investment companies Jordan Co and Durational Capital Management in a deal valued at $593.7M.

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