News

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Wed, 24 Jun 2020 12:31:31 GMT

German economic sentiment recovers in June

The German economic sentiment improved further in June, data published by the Ifo Institute for Economic Research show.

Wed, 24 Jun 2020 10:42:14 GMT

Google to invest in data centre in Poland

Google is set to invest $1.5B to $2B in Poland's data centre to deal with cloud computing services, the Puls Biznesu daily stated.

Wed, 24 Jun 2020 09:46:01 GMT

Volkswagen explores Europcar acquisition

Volkswagen AG was in talks to acquire Europcar Mobility Group SA, the car rental firm, in a deal, which would allow the car maker to better capitalize over its fleet.

Wed, 24 Jun 2020 09:24:57 GMT

Grab postpones partnership with Wirecard

Grab postponed partnership with Wirecard, days after the German payments firm revealed a $2.B financial hole threatening its future.

Wed, 24 Jun 2020 08:06:31 GMT

Gojek cuts 9% of headcount

On Tuesday, the Indonesian ride-hailing company Gojek announced that it would cut 9% or 430 of its workers.

Wed, 24 Jun 2020 07:04:58 GMT

Germany's Bayer close to glyphosate settlement

According to sources with knowledge of the matter, Germany's Bayer is close to reaching a $8-10 billion settlement with the US plaintiffs over claims its glyphosate-based Roundup weedkiller causes cancer.

Wed, 24 Jun 2020 06:01:15 GMT

Italian tax police arrests Alstom, Siemens executives

Italy's tax authority arrested the executives of the French Alstom and the German Siemens over the Milan subway deals, the Italian prosecutors announced on Tuesday.

Wed, 24 Jun 2020 04:51:43 GMT

WEG acquires 51% stake in Mvisia

The Brazilian electric motor producer WEG has acquired 51% stake in startup Mvisia, the company announced on Tuesday.

Wed, 24 Jun 2020 03:47:25 GMT

Didi aims for 1M self-driving cars by 2030

On Tuesday, Meng Xing, the Chief Operating Officer of the Chinese ride-hailing firm Didi Chuxing, said that the company plans to deploy over 1 million robotaxis on its platform by 2030.

Wed, 24 Jun 2020 02:53:11 GMT

Tesla, Google, Amazon criticize US H-1B visa ban

Tesla, Google and Amazon have criticized the US President Donald Trump decision to temporarily suspend the entry of certain foreign workers on H-1B visa into the United States.

Wed, 24 Jun 2020 01:34:04 GMT

Trump suspends H-1B visa

The US President Donald Trump has suspended the entry of some foreign workers on H-1B visa into the United States.

Tue, 23 Jun 2020 20:02:54 GMT

WTO estimates 18.5% contraction in global trade

Global trade contracted 18.5% in the second quarter of the current year, compared to the same period the previous year, the World Trade Organization reports.

Tue, 23 Jun 2020 19:01:07 GMT

World Bank grants $500M loan to Morocco

The World Bank approved a loan of $500M to support reforms in Morocco, data published by the World Bank show.

Tue, 23 Jun 2020 18:05:27 GMT

Bank of Italy wants "well-constructed plan" to restart economy

Bank of Italy calls for a "well-constructed plan" to restart the economy, the Governor of the Bank of Italy Ignazio Visco says.

Tue, 23 Jun 2020 17:00:58 GMT

Brazilian economy to decline 6.5% in 2020

The Brazilian economy is expected to contract 6.5% in 2020, a statement published by the Central Bank of Brazil shows.

Tue, 23 Jun 2020 16:01:05 GMT

US economy to grow slower than expected

The US economy is expected to expand at a slower pace than previously expected, a senior US Federal Reserve official says.

Tue, 23 Jun 2020 15:04:05 GMT

Singapore inflation remains negative

Consumer prices in Singapore declined 0.8% in May, compared to the prior month, the Ministry of Trade and Industry and Monetary Authority of Singapore reports.

Tue, 23 Jun 2020 13:56:57 GMT

Luckin shares plunge on de-listing notice

The shares of China coffeehouse chain Luckin Coffee dropped 18% on repeated de-listing warning from NASDAQ, company to hold an urgent general meeting.

Tue, 23 Jun 2020 13:16:44 GMT

Oil steps up on US-China trade agreement

On Tuesday, the US President Donald Trump assured the trade deal between the US and China is unblemished, causing oil prices to rise near 2%.

Tue, 23 Jun 2020 12:37:01 GMT

Former CEO of Wirecard arrested

Markus Braun, the former CEO of troubled financial services giant Wirecard AG has been arrested on Tuesday on account falsification suspicions.

Tue, 23 Jun 2020 10:48:24 GMT

Hyundai Motor, LG Chem plan EV battery JV

LG Chem and Hyundai Motor Group are considering to form an electric vehicle battery joint venture based in Indonesia, while the production capacity and investment size have not been decided yet.

Tue, 23 Jun 2020 09:45:47 GMT

US home sales hit record low in May

The US home sales hit their nine and a half year low in May by plunging as much as 9.7% to seasonally adjusted 3.91M units, on the back of disruptions triggered by the coronavirus pandemic.

Tue, 23 Jun 2020 09:15:14 GMT

Palo Alto CFO leaves for Google

Palo Alto Networks announced that Kathy Bonanno, its Chief Financial Officer, is eager to step down from her position and will join Google's Cloud unit, adding the firm is planning to find a replacement as soon as this week.

Tue, 23 Jun 2020 07:40:58 GMT

NYSE negotiates with SEC

The New York Stock Exchange announced on Monday that it has sent in an amendment of change of IPO rules with the SEC.

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