News

Note: This section contains information in English only.
Tue, 18 Sep 2018 20:08:47 GMT

China to take measures to ensure foreign trade growth

China plans to introduce new measures, including decreasing customs clearance time and improving the export tax rebate policy to facilitate foreign trade growth.

Tue, 18 Sep 2018 20:07:32 GMT

China, Myanmar agree to enhance Belt and Road cooperation

The Vice Chairman of the Standing Committee of the National People's Congress Ding Zhongli and Myanmar's First Vice President U Myint Swe agreed to strengthen friendly cooperation at a meeting on Tuesday.

Tue, 18 Sep 2018 18:56:39 GMT

Novo Nordisk to fire 400 employees

The Danish pharmaceutical company Novo Nordisk plans to fire around 400 employees in Denmark and China with an aim to restructure its research and development department.

Tue, 18 Sep 2018 18:55:48 GMT

Jailed Audi CEO to be sacked

The Audi chief executive officer Rupert Stadler will be fired shortly after being jailed nine weeks ago in the course of German "dieselgate" scandal, the newspaper "Handelsblatt" reports.

Tue, 18 Sep 2018 18:26:11 GMT

President Xi meets Estonian counterpart

The Chinese President Xi Jinping on Tuesday met with his Estonian counterpart Kersti Kaljulaid, who attends the Summer Davos Forum in the port city of Tianjin.

Tue, 18 Sep 2018 18:24:20 GMT

EU investigates VW group, BMW, Daimler for possible collusion

The European Commission on Tuesday started a formal investigation into possible collusion between car makers Volkswagen, BMW and Daimler on emission technology.

Tue, 18 Sep 2018 17:34:15 GMT

China, Russia seek new areas of cooperation

China and Russia plan to explore new areas of cooperation and create a more favourable business environment, the Chinese Vice Premier Han Zheng says.

Tue, 18 Sep 2018 17:33:33 GMT

Netanyahu: Israel "regrets" Russian flight crew death in Syria

Israel regrets the death of the Russian flight crew shot down by the Syrian army during an Israeli air strike, the Israeli Prime Minister Benjamin Netanyahu says.

Tue, 18 Sep 2018 15:51:05 GMT

Thor Industries to acquire Germany's Erwin Hymer Group

Thor Industries, the us recreational vehicle producer, agreed to acquire Erwin Hymer Group, the German caravan maker, for $2.45B, including debt, Thor announced on Tuesday.

Tue, 18 Sep 2018 15:50:20 GMT

VW's truck unit Traton to form JV with China's Sinotruck

Volkswagen's truck division Traton is planning to establish a joint venture between the unit's MAN brand and China's truck maker Sinotruk, both firms confirmed on Tuesday.

Tue, 18 Sep 2018 15:09:15 GMT

Pandora's shares surge on takeover report

On Tuesday, the Danish jeweller Pandora reported its shares surged as much as 10% on the news that the private equity funds explore a potential takeover offer.

Tue, 18 Sep 2018 15:05:31 GMT

Marsh & McLennan to acquire Britain's JLT in $5.7B deal

Marsh & McLennan has agreed to acquire the British broker Jardine Lloyd Thompson in a deal valued at $5.7B, as the American financial services firm seeks boosting its global reinsurance business.

Tue, 18 Sep 2018 14:28:39 GMT

Russia to launch construction of two nuclear reactors

On Tuesday, the Russian President Vladimir Putin stated that the country's state atomic energy company Rosatom would start building two new nuclear reactors at the Hungarian power plant Paks in the near future.

Tue, 18 Sep 2018 14:15:17 GMT

Apple's CEO hopes for good turnout on US-China trade dispute

Apple's CEO Tim Cook, whose products bypassed the new US tariffs implemented on China's goods, stated he expected the trade talks between China and the United States to have a positive resolution.

Tue, 18 Sep 2018 13:39:38 GMT

Intel ex-President's start-up launches first chips

The start-up chaired by the former Intel President Renee James, Ampere Computing, has launched its first data centre chips made under the same technology as smartphone chips.

Tue, 18 Sep 2018 13:31:25 GMT

Mastercard, Visa agree to pay $6.2B over card-swipe fees

Mastercard, Visa and several US banks have reached a $6.2B settlement of a lawsuit filed by merchants over fees needed to be paid during the card payments acceptance.

Tue, 18 Sep 2018 12:35:07 GMT

Macron to pledge extra money into France's healthcare system

On Tuesday, the President Emmanuel Macron promised to pledge more money into France's strained healthcare system, as hospitals creak under pressure of clinics closures and budget constraints.

Tue, 18 Sep 2018 12:25:53 GMT

Ferrari to launch 15 new cars to boost earnings by 2022

Ferrari is set to launch 15 new car models, including utility vehicles and hybrid cars, as the luxury brand seeks to double its earnings by 2022.

Tue, 18 Sep 2018 11:26:57 GMT

Germany's Roth sees Brexit deal possible by autumn-end

Germany's EU Affairs Minister Michael Roth stated on Tuesday he saw the Brexit talks were productive and the deal was likely to be reached by November 2018.

Tue, 18 Sep 2018 11:26:24 GMT

Aldi launches Instacart delivery tie-up expansion to 35 US states

Aldi, the discount supermarket chain, has launched an expansion of its grocery delivery tie-up Instacart to 35 US states in time for Thanksgiving.

Tue, 18 Sep 2018 09:50:36 GMT

European stock markets ignore trade wars

Although Donald Trump announced new tariffs on Chinese goods on Tuesday, European stock markets gained more than a third of one percent by the middle of the day's trading.

Tue, 18 Sep 2018 09:44:40 GMT

Asian shares surge after Trump announcement

Asian stock markets surged on Tuesday, ignoring the US President's announcement of additional tariffs on Chinese goods.

Tue, 18 Sep 2018 09:38:10 GMT

South Africa's JUMO plans expansion in Asia

South Africa's fintech company JUMO is planning its expansion in Asia's fast-growing markets after gaining the support from Goldman Sachs in the equity funding round.

Tue, 18 Sep 2018 09:33:46 GMT

France's Interior Minister to step down by 2020

The French Interior Minister Gerard Collomb is planning to quit the government by 2020 with intention to run for Lyon's mayor, leaving Macron's government under pressure during the period of instability.

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