News

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Wed, 16 Sep 2020 17:41:35 GMT

Embracer acquires Vertigo Games

Embracer, the Swedish game developer, is set to acquire Vertigo Games, the Netherlands-based VR games maker, in a deal worth €50M upfront with a potential extra payment of around €65M depending on the further performance.

Wed, 16 Sep 2020 16:41:39 GMT

Alibaba, China Mobile consider investment in Dahua

Alibaba Group Holding and China Mobile Communications are exploring an investment worth $443 in Zhejiang Dahua Technology, which had been blacklisted by the United States last year, Reuters reported.

Wed, 16 Sep 2020 15:59:03 GMT

Canada's annual inflation stays at 0.1%

On Wednesday, Canada Statistics reported the country's annual inflation rate stayed at 0.1% last month, after declining gasoline costs offset the surging food prices.

Wed, 16 Sep 2020 15:06:02 GMT

Telefonica ties up with Rakuten over 5G network

Spain's Telefonica has partnered with Japan's Rakuten over the 5G radio network system's development by using AI and open platform, both companies stated on Wednesday.

Wed, 16 Sep 2020 13:43:36 GMT

Hyundai Samho delivers new ship

On Wednesday, Hyundai Samho Heavy Industries announced that the company had delivered world's first LNG powered large container ship.

Wed, 16 Sep 2020 12:44:33 GMT

Zara owner comments on recovery

The owner of Zara, Inditex, revealed on Wednesday that the company had returned to profits after a coronavirus caused slump of sales.

Wed, 16 Sep 2020 11:44:49 GMT

EU aims at completing finance union

On Wednesday, the head of the European Commission Ursula von der Leyen stated that the EU must finish its capital markets and banking union projects.

Wed, 16 Sep 2020 11:12:56 GMT

EU Parliament allows gas project subsidies

The European Parliament voted on Tuesday to allow gas projects to receive funds from the EU Just Transition Fund.

Wed, 16 Sep 2020 09:44:10 GMT

Suga creates new cabinet

On Wednesday, the newly appointed Prime Minister of Japan Yoshihide Suga chose his Cabinet of Ministers keeping half of Shinzo Abe's Ministers.

Wed, 16 Sep 2020 08:08:15 GMT

US lawmakers voice skepticism about TikTok-Oracle deal

The US lawmakers from both the Republican and the Democratic Parties raised questions about the proposed Bytedance and Oracle deal.

Wed, 16 Sep 2020 07:21:23 GMT

Trump to approve TikTok and Oracle deal

According to the CNBC report published on Tuesday, ByteDance's TikTok and Oracle Corp partnership deal would get the US President Donald Trump approval.

Wed, 16 Sep 2020 06:59:34 GMT

Asian shares edge higher

Asian shares edged higher on Wednesday, stretching a surge pushed by upbeat economic data from the United States and China.

Wed, 16 Sep 2020 06:01:22 GMT

Bahrain, UAE sign deals to normalize ties with Israel

On Tuesday, the US President Donald Trump hosted Bahrain and the United Arab Emirates to sign normalization accords with Israel in the White House.

Wed, 16 Sep 2020 05:04:37 GMT

Steel prices set to keep rising

Steel prices are likely to keep rising during the following months, as several steel mills are resuming operations after being suspended due to the coronavirus pandemic.

Wed, 16 Sep 2020 04:01:45 GMT

Goldman Sachs appoints co-heads

According to an employee memo seen by Reuters, Goldman Sachs has appointed Anthony Gutman and Gonzalo García, as co-heads of EMEA investment banking unit.

Wed, 16 Sep 2020 03:00:18 GMT

PSA and Fiat Chrysler revise merger terms

Fiat Chrysler and Peugeot producer PSA have amended the terms of the proposed merger agreement to preserve cash.

Wed, 16 Sep 2020 01:44:13 GMT

US median household income increases

According to data from the US Census Bureau, the US median household income increased by 6.8% in 2019, while the nation's poverty rate fell last year to 10.5%.

Tue, 15 Sep 2020 19:43:43 GMT

TikTok to turn into standalone US firm

ByteDance is set to place TikTok's global business in a new firm headquartered in the US with Oracle as an investor with minority ownership, the FT reported.

Tue, 15 Sep 2020 19:11:59 GMT

Kraft Heinz sells part of business to Lactalis

Kraft Heinz announced that it would sell natural cheese business to Lactalis for $3.2B, overhaul supply chain and increase its marketing budget.

Tue, 15 Sep 2020 17:49:51 GMT

Brazil keeps GDP forecast at -4.7%

On Tuesday, the Brazilian government kept its 2020 and 2021 gross domestic product forecasts at -4.70%.

Tue, 15 Sep 2020 16:51:20 GMT

Delta Airlines to avoid involuntary furloughs

Ed Bastian, the Chief Executive Officer of Delta Airlines, said on Tuesday that the company would avoid involuntary job cuts for frontline workers.

Tue, 15 Sep 2020 15:54:44 GMT

Crude oil prices jump on Tuesday

Crude oil prices edged higher on Tuesday, Brent crude futures were up by 1%, at $40.02 a barrel at 13:41 GMT, while the US WTI crude futures were up by 1.3%, at $37.73 per barrel.

Tue, 15 Sep 2020 15:00:36 GMT

Tesla shares edge higher

Tesla Inc's shares were up by 4.4% at $437.89 in early trading on Tuesday, boosted by anticipation of the company's Battery Day next week.

Tue, 15 Sep 2020 13:57:10 GMT

ECB is not happy with results

On Tuesday, the ECB Member of the Board Fabio Panetta stated that the ECB was not fully satisfied with its stimulus measures.

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