News

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Mon, 27 Jan 2020 13:42:11 GMT

EU to decide on United Technologies, Raytheon deal

EU antitrust regulators are set to rule by February 28 whether to grant approval for the United Technologies and US contractor Raytheon's bid to establish a $121B aerospace and defence giant.

Mon, 27 Jan 2020 12:41:03 GMT

Czech telecoms regulator's head quits amid 5G auction row

The director of the Czech telecoms regulator has stepped down from his role due to government changes to the scheduled auction of the 5G telecoms networks frequencies, claiming they risked delaying the technology roll-out.

Mon, 27 Jan 2020 12:35:40 GMT

Rivian says its vehicle prices to be lower than planned

Rivian, the electric vehicle start-up, has presented its SUV and pickup truck at the Bay Arena event in San Francisco, saying its vehicle prices, when unveiled, would be lower than initially announced.

Mon, 27 Jan 2020 11:29:31 GMT

Brazil's Taurus ties up with steel group Jindal over JV

Taurus Armas SA, the Brazilian gunmaker, has clinched a joint venture with Jindal Group, the Indian steelmaker, seeking to lunch guns production and sale in India, a securities filing showed on Monday.

Mon, 27 Jan 2020 09:47:03 GMT

Renault, Nissan engineering bosses to hold a meeting

Nissan's chief engineer is set for a meeting with his counterpart at Renault in Japan later this week, as the automakers aim to revive the projects crucial to their alliance that was left reeling by the ex-CEO Carlos Ghosn's affair.

Mon, 27 Jan 2020 09:04:09 GMT

WeWork signs office space deal with Gympass

WeWork has inked a deal with the gym membership app firm Gympass to provide its 250 employees with space in New York, in the latest move by the majority holder SoftBank Group to buoy its business.

Mon, 27 Jan 2020 07:40:16 GMT

Nestle acquires Allergan business amid expansion

Nestle, the Swiss food giant, has acquired Allergan's Zenpep unit, as it seeks to expand in medical nutrition business, Reuters reported on Monday, while the financial terms of the deal were not disclosed.

Mon, 27 Jan 2020 06:23:38 GMT

Oil prices fall amid situation in China

Crude oil prices fell by $1.30 or 2.4% by Monday morning, reaching $52.89 a barrel, amid fears over spreading the coronavirus around the world.

Mon, 27 Jan 2020 05:30:19 GMT

Singapore says virus to affect economy

The Trade and Industry Minister of Singapore Chan Chun Sing stated on Monday that the coronavirus epidemic would inevitably affect China's economic performance this year.

Mon, 27 Jan 2020 04:18:18 GMT

Britain to set out more details about EU trade objectives

Stephen Barclay, the UK Brexit Secretary, said on Sunday that the United Kingdom would set out its objectives about the EU trade deal in February.

Mon, 27 Jan 2020 03:03:32 GMT

Confidence among British businesses accelerate

Confidence among UK's businesses accelerated after Prime Minister Boris Johnson's big election win in December.

Sun, 26 Jan 2020 21:12:02 GMT

India, Brazil sign 15 cooperation agreements

India and Brazil signed 15 agreements to boost mutual cooperation in various areas during a visit of the Brazilian President Jair Messias Bolsonaro to New Delhi.

Sun, 26 Jan 2020 20:01:41 GMT

Oil export suspension from Libya results in $250M loss

The suspension of oil exports from Libya due to a closure of ports has resulted in a loss of $250M, Libya's state-owned National Oil Corporation reports.

Sun, 26 Jan 2020 18:58:35 GMT

Egypt to spend $190M on roads

Egypt plans to spend $190M to improve road infrastructure and conditions, the Egyptian Finance Minister Mohamed Maait says.

Sun, 26 Jan 2020 18:04:24 GMT

France to support Lebanon

France is committed to support the economy of Lebanon on condition that the country implements economic reforms, the French President Emmanuel Macron says.

Sun, 26 Jan 2020 17:01:03 GMT

Cambodia rubber export expands

Cambodia exported 282,071 tons of rubber in 2019, an increase of 30% from the previous year, a report published by the Agriculture Ministry shows.

Sun, 26 Jan 2020 16:02:26 GMT

Trump raises tariffs on derivative steel imports

The US President Donald Trump signed a bill to raise tariffs on derivative steel imports by an additional 25% to prevent circumvention of the existing duties on steel imports.

Sun, 26 Jan 2020 15:20:36 GMT

Tibet wants higher income for farmers, herders

China's Tibet Autonomous Region wants to increase income of farmers and herders by 20% in 2020, the regional human resources and social security department reports.

Sun, 26 Jan 2020 14:12:57 GMT

Mongolia-China trade reaches $8.9B

Trade volume between China and Mongolia reached $8.9B in 2019, 64.4% of Mongolia's foreign trade, data published by the National Statistics Office show.

Sun, 26 Jan 2020 12:54:26 GMT

Mongolia earns $607M from tourism in 2019

Mongolia attracted around 577,300 foreign tourists and earned over $607M from tourism in 2019, an increase of 9.1% from 2018, the Mongolian Environment and Tourism Ministry reports.

Sun, 26 Jan 2020 12:11:48 GMT

Afghan economy expands in 2019

Afghanistan's economy has expanded 2.9% in 2019 and is expected to further expand 3.3% in 2020, a report published by the World Bank shows.

Sun, 26 Jan 2020 11:34:47 GMT

GM to use new technology for trailers

General Motors (GM) announced this week that it would start using recently developed electronic braking system to substantially reduce the stopping distances.

Sun, 26 Jan 2020 10:34:33 GMT

Xi comments coronavirus

The Chinese leader Xi Jinping on Sunday marked the situation as "grave" as the number of people died from coronavirus reached 42.

Sun, 26 Jan 2020 09:26:47 GMT

Britain to cut commercial rates for smaller pubs

The UK government stated on Saturday that it would decrease commercial rates for little pubs £1K from April within a wider plan aimed at ensuring cafes and shops can survive.

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