News

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Mon, 14 Sep 2020 01:40:16 GMT

Envision plans to build battery factory in France

According to the Journal du Dimanche newspaper report, the Chinese Envision Group is looking to construct a new electric vehicle battery factory in France.

Sun, 13 Sep 2020 19:40:35 GMT

Shell secures Gulf of Mexico operations

Royal Dutch Shell announced on Sunday that it would secure its Gulf of Mexico facilities that are in the path of an upcoming storm.

Sun, 13 Sep 2020 18:41:42 GMT

Boeing executives defend 737 developments

On Sunday, Reuters reported that two senior executives of Boeing defended the cockpit systems of 737 MAX airplanes.

Sun, 13 Sep 2020 17:54:13 GMT

South African economy shrinks

The government of South Africa announced on Sunday that it expects a seven percent decline of GDP in 2020.

Sun, 13 Sep 2020 16:47:36 GMT

Taiwan addresses dollar sellers

On Sunday, the central bank of Taiwan addressed all traders to restrain from selling the US Dollar against the Taiwanese currency.

Sun, 13 Sep 2020 15:58:49 GMT

Uganda and Tanzania build pipeline

The governments of Tanzania and Uganda revealed on Sunday that they had signed an agreement to construct a new oil pipeline

Sun, 13 Sep 2020 14:51:56 GMT

Lagarde comments on economy

On Sunday, the President of the European Central Bank Christine Lagarde stated that the EU government should take up the burden of economic recovery.

Sun, 13 Sep 2020 14:36:12 GMT

PM Hoekstra comments KLM future

The Dutch Prime Minister Wopke Hoekstra stated on Sunday that Air France-KLM must lower its costs simply to survive the current crisis.

Sun, 13 Sep 2020 13:23:32 GMT

Envision considers building plant in France

According to the Journal du Dimanche, Chinese Envision is considering building a battery plant in France to supply growing EV market.

Sun, 13 Sep 2020 12:28:52 GMT

Taiwan worries about active sale of dollars

The Taiwanese Central Bank on Sunday urged local traders to avoid selling large amounts of the US dollars in one go.

Sun, 13 Sep 2020 11:34:25 GMT

Lagarde says governments responsible for recovery

The ECB President Christine Lagarde stated on Sunday that governments of the Euro Zone must increase spending to help the bloc's economy to recover from the coronavirus pandemic.

Sun, 13 Sep 2020 09:41:08 GMT

Microsoft to launch cloud gaming service

Microsoft is set to launch the Xbox cloud gaming service on Tuesday at the price of $1 for its new users during the first month, hoping to lure casual gamers, in it competition push to overcome the rival Sony.

Sun, 13 Sep 2020 08:47:57 GMT

Trump nominee to head LatAm development bank

Mauricio Claver-Carone, the nominee of the US President Donald Trump, was elected to head the Latin American Development Bank starting October 1, Reuters reported.

Sun, 13 Sep 2020 07:41:04 GMT

Sharp wins lawsuit against Daimler

Japan's Sharp Corp won a network tech patent infringement suit against Daimler, with potential enforcing a sales injunction against the German carmaker.

Sun, 13 Sep 2020 06:48:11 GMT

China opposes sale of TikTok's US operations

Beijing is against the potential forced sale of TikTok's operations in the US, saying it would rather prefer to see TikTok closed in the United States.

Sun, 13 Sep 2020 06:33:05 GMT

Tesla plans low carbon nickel purchase

Tesla is in talks with Canada's miner Giga Metals over its assistance to develop a giant mine that would grant the electric vehicle maker access to the low carbon nickel that Tesla seeks to use in its batteries.

Sun, 13 Sep 2020 05:13:01 GMT

Mexico adds 92K jobs in August

Mexico's labour market added 92.3K formal tax-paying jobs last month, as the country's economy recovers jobs loses from the COVID-19 related slowdown.

Sun, 13 Sep 2020 04:31:32 GMT

EU to impose Belarus sanctions

The EU deplored the escalated violence in Belarus and is set to impose sanctions over individuals responsible for fraud in elections and crackdowns, top EU diplomat stated.

Sun, 13 Sep 2020 03:29:02 GMT

Greece to buy Rafale jets from France

Greece is set to boost armed forces through the purchase of 18 Rafale fighter jets and four frigates from France and to hire 15K army personnel over the next five years.

Sat, 12 Sep 2020 20:49:29 GMT

Gilead to buy Immunomedics

Gilead Sciences was nearing a deal to acquire biopharmaceutical firm Immunomedics Inc for more than $20B, the WSJ reported, citing sources familiar with the matter.

Sat, 12 Sep 2020 19:42:39 GMT

FAA to start training review of 737 MAX

The US Federal Aviation Administration is set to launch a training review of the grounded Boeing 737 MAX this Monday in London that can potentially return the planes to service.

Sat, 12 Sep 2020 18:41:38 GMT

Softbank close to Arm Holdings sale

SoftBank Group is getting closer to the sale of Arm Holdings, the UK chip designer, to Nvidia Corp in a deal worth over $40B, according to the Wall Street Journal's report published on Saturday.

Sat, 12 Sep 2020 17:45:06 GMT

Apple reconsiders App Store guidelines

Apple Inc has revised its App Store guidelines, easing restrictions on online classes, streaming game services and developers' usage of the in-app purchase system.

Sat, 12 Sep 2020 17:11:20 GMT

China bans pork imports from Germany

On Saturday, China has banned German pork imports after confirming the African swine fever's first case last week; a decision that will harm German producers and lift global prices.

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