News

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Sun, 26 Jan 2020 08:30:16 GMT

Brazil, India sign accords to deepen cooperation

On Saturday, Brazil and India signed 15 accords aimed at closer ties between the emerging economies across many sectors, including defence.

Sun, 26 Jan 2020 07:34:13 GMT

US to leave Iranian sanctions

The US President Donald Trump stated on Saturday that he would not revoke sanctions imposed on Iran in order to negotiate with Tehran.

Sun, 26 Jan 2020 05:57:47 GMT

EV startup Rivian to announce lower prices

Electric car startup Rivian revealed its SUV and pickup truck and SUV in San Francisco and said that prices are likely to be lower than firstly announced.

Sun, 26 Jan 2020 00:36:30 GMT

H&M: data security breaches unacceptable

H&M stated that data protection breaches found at the unit in Germany were unacceptable and it was working with the local authority in investigation into the matter.

Sat, 25 Jan 2020 21:00:56 GMT

Greece, EIB sign $365M investment projects deal

The Greek government and the European Investment Bank have signed two loan agreements worth $365M to fund various projects, the Greek national news agency AMNA reports.

Sat, 25 Jan 2020 20:00:23 GMT

Uzbekistan FDI skyrockets

Uzbekistan has attracted $4.2B in foreign direct investment in 2019, more than a threefold increase compared to the prior year, the President Shavkat Mirziyoyev says.

Sat, 25 Jan 2020 19:00:35 GMT

Uzbekistan eyes digital economy to attract investors

Uzbekistan plans to develop science, education and digitalise the economy to attract foreign investors, the Uzbek President Shavkat Mirziyoyev says.

Sat, 25 Jan 2020 18:01:46 GMT

Japan consumer prices rise

Consumer prices in Japan increased by 0.7% in December from the previous year, the Ministry of Internal Affairs and Communications reports.

Sat, 25 Jan 2020 17:00:16 GMT

China energy output rises

China's energy sector has expanded 2.8% in December from the same period a year earlier, a report published by the National Bureau of Statistics shows.

Sat, 25 Jan 2020 16:00:20 GMT

China Merchants Bank reports profit growth

One of the largest lenders in China, China Merchants Bank, has reported a profit growth of 10.05% in 2019, a statement from the Shanghai Stock Exchange shows.

Sat, 25 Jan 2020 15:00:15 GMT

Orders in German construction sector rise

The construction sector in Germany received new orders with a total value of $7.8B in November, an increase of 10.3% from the previous year, the Federal Statistical Office reports.

Sat, 25 Jan 2020 14:18:07 GMT

Passenger flow in Moroccan airports rises

The number of passengers in Moroccan airports reached an all time high of 25.1M in 2019, an increase of 11.18% from 2018, the Moroccan Airports Authority reports.

Sat, 25 Jan 2020 13:00:42 GMT

Japan to approve $40B supplementary budget

The Japanese parliament plans to approve an additional spending of $40.77B to support local businesses and reconstruction efforts after a series of natural disasters.

Sat, 25 Jan 2020 12:13:04 GMT

German SME confident despite slowdown

German small and medium sized enterprises remain confident despite the economic slowdown, a report published by the consulting firm Ernst & Young shows.

Sat, 25 Jan 2020 11:12:42 GMT

BT, Vodafone seek support for Huawei

Britain's BT and Vodafone plan to ask the Prime Minister Boris Johnson not to ban China's Huawei mobile equipment, sources say.

Sat, 25 Jan 2020 10:07:46 GMT

CATL projects profit growth

Chinese lithium-ion battery producer, CATL, projected 20-45% growth of its net profit amid rapid development of new energy vehicle industry.

Sat, 25 Jan 2020 09:22:07 GMT

Trump increases tariffs on metals

On Friday, the US President Donald Trump raised tariffs on derivative aluminum and steel products by another 10% and 25%.

Sat, 25 Jan 2020 07:59:44 GMT

Walmart testing higher starting wage for certain workers

Walmart's spokesperson Jami Lamontagne said on Friday that the company would be testing a higher minimum wage of $12 an hour for some employees.

Sat, 25 Jan 2020 07:05:20 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

Sat, 25 Jan 2020 05:42:54 GMT

European Commission asks ECJ to freeze new Polish law

On Friday, the European Commission has filed an application before the European Court of Justice, asking the court to suspend Poland's law, set up to discipline judges.

Sat, 25 Jan 2020 05:37:52 GMT

Angola could ask Portugal to Freeze dos Santos' assets

On Friday, Helder Pitta Gros, Angola's prosecutor, said that Angola may request Portugal's government to confiscate assets belonging to Isabel dos Santos, the daughter of Angola's former President.

Sat, 25 Jan 2020 04:09:10 GMT

Intel shares hit highest level in nearly two decades

On Friday, shares of Intel Corp reached its highest level in almost two decades, as the demand for cloud computing lifted Intel's data center business.

Sat, 25 Jan 2020 03:04:56 GMT

Boeing planning to cut 787 Dreamliner production

According to people with knowledge of the matter, Boeing is thinking to cut production of its 787 Dreamliner to 10 aircraft a month, amid a shortage of orders from China.

Fri, 24 Jan 2020 21:04:52 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

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