News

Note: This section contains information in English only.
Tue, 28 Jan 2020 19:52:45 GMT

McDonalds reveals new breakfast

On Tuesday, McDonalds revealed that it is updating its breakfast menu with chicken sandwiches to fend off competition.

Tue, 28 Jan 2020 18:43:05 GMT

Wall Street recovers on Tuesday

During Tuesday's early US trading, stock indices surged more than one percent, as a surge of Apple stock price was the main catalyst for buying.

Tue, 28 Jan 2020 18:05:00 GMT

Adidas to make new fabrics from recycled polyester, plastic

Adidas is planning to lunch new fabrics from marina plastic waste and recycled polyester, expanding the brand's product lines that already use them following the success of the shoe pairs made with the initiative of Parley for the Oceans.

Tue, 28 Jan 2020 16:46:20 GMT

European luxury brands urge tougher rules for tech giants

European luxury brands are calling on EU regulators to take a stronger stand against the online retailing titans like Alibaba and Amazon regarding counterfeiting and data protection issues, the leading industry group's head said.

Tue, 28 Jan 2020 16:26:34 GMT

Blackstone lifts Unizo offer to $1.75B

Blackstone Group, the US private equity firm, has increased its proposed bid for Unizo Holdings by 12% to $1.75B, outracing a rival offer from Lone Star, the US buyout fund backed by Japan's hotelier.

Tue, 28 Jan 2020 15:23:07 GMT

Just Eat expects 2019 earnings in line

Britain's takeaway delivery platform Just Eat announced it was expecting its 2019 core earnings to be about $236M, in line with the forecasts, sending the company's shares up 0.9% on the news.

Tue, 28 Jan 2020 13:51:56 GMT

Brazil watchdog approves Boeing-Embraer deal

Brazil's antitrust regulator Cade has granted its approval for Boeing's purchase of Embraer's commercial aviation unit without restrictions, a statement seen by Reuters showed.

Tue, 28 Jan 2020 12:45:10 GMT

UK to decide on Huawei's 5G role

On Tuesday, the British Prime Minister Boris Johnson is set to decide over the Chinese tech giant Huawei's role in the country's future 5G networks; a choice that poses a threat to UK's relationships with China or the United States.

Tue, 28 Jan 2020 11:48:17 GMT

Renault to approve VW manager De Meo as new CEO

Renault's board is set for a meeting later on Tuesday, seeking to approve the nomination of the former director of VW's Seat brand, Luca de Meo, as the French carmaker's next chief executive officer, Reiters reported.

Tue, 28 Jan 2020 10:43:49 GMT

Crude oil continues to decline

On Tuesday, crude oil price benchmarks continued to decline for a sixth trading session in row.

Tue, 28 Jan 2020 10:02:04 GMT

J&J CEO testifies before court

On Monday, the Chief Executive Officer of Johnson & Johnson Alex Gorsky revealed to the court that he did not read the internal reports about potential asbestos contaminations.

Tue, 28 Jan 2020 09:38:25 GMT

GM plans $2.2B investment into Detroit plant

General Motors is set to invest $2.2B in the Detroit-Hamtramck assembly factory to manufacture sport utility vehicles and electric trucks, in the company's move that would add 2,2K jobs.

Tue, 28 Jan 2020 07:41:31 GMT

Airbus agrees on corruption probe settlement with France, UK, US

On Tuesday, the European planemaker Airbus announced it had agreed for a settlement with the British, French, and US authorities over an investigation into the bribery and corruption allegations.

Tue, 28 Jan 2020 07:22:14 GMT

Whirlpool sees 2020 profit to top forecasts

Whirlpool has surpassed analysts' estimates for its quarterly earning, expecting its 2020 profit outlook to be largely above forecasts, as the appliances producer reined in expenses and lifted prices to cushion the the higher production costs' impact.

Tue, 28 Jan 2020 05:41:12 GMT

Wall Street declines

During Monday's US trading session, US stock indices declined, as a retracement down after recent new high levels was expected.

Tue, 28 Jan 2020 04:01:23 GMT

Crude oil prices decline

During Monday's trading session, crude oil prices declined to a three month low level, as a decline of demand in China was expected.

Mon, 27 Jan 2020 23:53:23 GMT

Trump offers China help

On Monday, the President of the United States Donald Trump offered the Chinese government help in battling the coronavirus, as the virus has caused a decline of stock prices.

Mon, 27 Jan 2020 20:56:09 GMT

Bolton bombshell puts Senate Republicans under fresh pressure

Senate Republicans came under new pressure on Monday after the NYT reported that a book manuscript submitted to the WH for review, undermines President Trump's accounts of Ukraine event.

Mon, 27 Jan 2020 19:52:13 GMT

Johnson to make decision on Huawei's 5G network

On Monday, the UK Prime Minister Boris Johnson said that he would make the final decision on whether to ban or limit the use of equipment made by Huawei in the 5G network in the United Kingdom.

Mon, 27 Jan 2020 18:42:07 GMT

GM plans $2.2B investment into Detroit plant

General Motors is set to invest $2.2B in the Detroit-Hamtramck assembly factory to manufacture sport utility vehicles and electric trucks, in the company's move that would add 2,2K jobs, the US largest carmaker announced on Monday.

Mon, 27 Jan 2020 17:56:55 GMT

Casper IPO valuation dwindles from peak of $1 billion

The online mattress retailer Casper Sleep Inc, whose investors include rapper 50 Cent and actor Leonardo DiCaprio, is expecting the valuation for its initial public offering to be lower the roughly $1B it announced in the previous funding round.

Mon, 27 Jan 2020 16:42:49 GMT

Mexican retail sales surge in November

Mexico's retail sales grew 1.7% in November, the strongest rise since 2016, supporting the country's struggling economy, official data revealed.

Mon, 27 Jan 2020 15:44:20 GMT

France's jobless rate down 1.7%

France's jobless rate declined 1.7% quarter-on-quarter to 3.3M people in the Q4, suggesting some relief to government being under pressure from strikes.

Mon, 27 Jan 2020 15:29:44 GMT

Sprint reports less-than-expected subscriber loss in Q3

On Monday, Sprint Corp reported it had lost less-than-expected paid mobile phone subscribers in the Q3, driven by cheaper plans before the company's merger with its larger competitor T-Mobile US.

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