News

Note: This section contains information in English only.
Fri, 10 Jan 2020 05:43:10 GMT

IKEA enters UK with London mall acquisition

The shopping centre business of IKEA is spending £170M to acquire and upgrade a mall in London in its first round of entering Britain, planning to win hearts of a nation by doing the shopping online.

Fri, 10 Jan 2020 04:43:14 GMT

Takeaway shareholders accepts Just Eat purchase

Takeaway.com, the Dutch food ordering firm, announced that its shareholders had granted their approval for the proposed £5.9B acquisition of the UK peer Just Eat during the shareholder meeting held in Amsterdam.

Fri, 10 Jan 2020 03:46:24 GMT

FAB launches auction of Dubai Shangri-La hotel

First Abu Dhabi Bank has launched the auction process for the construction group Al Jaber's Dubai Shangri-La hotel with an initial price of $190.59M, Reuters reported.

Fri, 10 Jan 2020 03:37:25 GMT

Royal Dutch Shell to sell its Anacortes oil refinery

Royal Dutch Shell is looking for a buyer for its oil refinery located in Anacortes, Washington, as Shell seeks to reduce its North American refining operations to expand factories on the US Gulf Coast.

Thu, 09 Jan 2020 20:42:18 GMT

US tariffs cost American firms $46B since February 2018

According to data, released by the US Commerce Department, the overall tariffs, imposed by the US President Donald Trump, cost American firms $46B since February 2018.

Thu, 09 Jan 2020 19:57:06 GMT

Airbus to increase production of A320-family jets

Airbus announced on Thursday that it would increase the production of A320 single-aisle jets to seven per month by the beginning of next year.

Thu, 09 Jan 2020 18:58:01 GMT

Japanese Yen falls to two-week low

The Japanese yen, seen as a safe-haven currency, declined to a two-week low against the US Dollar after Iran's missile strike.

Thu, 09 Jan 2020 17:59:47 GMT

US stocks hit record highs

On Thursday, Wall Street's major indexes hit record levels, as the Middle East nerves eased. The Dow Jones Industrial Average was up by 182.22 points at 11:29 a.m. ET.

Thu, 09 Jan 2020 16:42:39 GMT

World food prices keep surging

The FAO Food Price Index measuring changes for a product basket price jumped to the five-year high of an average 181.7 points, rising 2.5% from the prior month.

Thu, 09 Jan 2020 16:13:58 GMT

Canada's housing starts decline surprisingly

Canada's housing starts unexpectedly declined 3% to 197K units in December, as groundbreaking fell on multi-family homes.

Thu, 09 Jan 2020 15:23:37 GMT

Europe stocks hit record-high as Middle East tensions ease

On Thursday, the European shares reached its record-high after the US and Iran backed down from the further military tension escalation and investors wert back to riskier assets over firmer hopes of the US-China trade deal.

Thu, 09 Jan 2020 14:17:06 GMT

VW's last-year car deliveries slightly rise

On Thursday, Volkswagen Group reported its vehicle deliveries in 2019 slightly rose from the prior year's level, upwardly revising earlier estimates that predicted the 2019 sales would stay on hold.

Thu, 09 Jan 2020 13:39:41 GMT

iPhone's China sales rise 18% last month

Apple's iPhone China sales in December rose over 18% to 3.2M units year-over-year, according to the government data published on Thursday.

Thu, 09 Jan 2020 11:50:27 GMT

FlixMobility gains 37% passenger growth in 2019

On Thursday, Transport app FlixMobility reported a 37% surge in its passenger numbers for the period of 2019, as the German best-funded tech start-up seeks to become the world's largest intercity bus services provider.

Thu, 09 Jan 2020 11:06:52 GMT

Mark Carney comments on policy

On Thursday, the Governor of the Bank of England Mark Carney stated that the bank could decrease interest rates, if there remains the apparent economic weakness.

Thu, 09 Jan 2020 10:27:36 GMT

Mercedes seen to become biggest-selling premium car brand

Daimler reported on Thursday it had sold 2.34M of Mercedes-Benz passenger vehicles last year for the ninth record-sales year in succession, posing to become the biggest-selling premium car company.

Thu, 09 Jan 2020 09:17:37 GMT

Uber halts upfront ride pricing amid California worker law

Uber Technologies informed its customers in California that it would provide estimates as opposed to rides' fixed prices in response to the Californian new la, which makes it more difficult to qualify Uber's drivers as contractors.

Thu, 09 Jan 2020 07:45:52 GMT

SoftBank considers stake sale in India's renewable energy venture

SoftBank Group Corp has entered talks over selling a majority of its stake in the Indian renewable energy venture, seeking to raise some cash after facing the setbacks to global investments, India's Economic Times reported on Thursday.

Thu, 09 Jan 2020 07:38:24 GMT

ViacomCBS, Comcast resume content carriage deal

ViacomCBS Inc and Comcast Corp have resumed the content carriage deal starting Wednesday, which would let Comcast continue retransmission of about 23 CBS-held television channels.

Thu, 09 Jan 2020 06:30:42 GMT

McDonald's extends Beyond Meat burger trials

McDonald's stated that it is set to expand the trial in Canada of Beyond Meat-made vegan burgers, testing the viability of a wider rollout.

Thu, 09 Jan 2020 05:08:31 GMT

Deere aims to boost profits

Deere & Co announced that it will diminish costs and increase investments in agriculture technology and services business aiming to become more profitable.

Wed, 08 Jan 2020 23:41:27 GMT

World Bank cuts growth forecast for 2020

The World Bank cut its global expansion forecasts slightly for 2019-2020 amid a slower-than-anticipated recovery in investment and trade despite cooler US-China trade tensions.

Wed, 08 Jan 2020 20:42:16 GMT

WBA misses quarterly profit estimates

Shares of Walgreens Boots Alliance fell by 7% on Wednesday after the pharmacy chain missed first-quarter earnings expectations.

Wed, 08 Jan 2020 20:04:38 GMT

US sanctions South Sudanese VP

On Wednesday, the Treasury Department announced that the United States has imposed sanctions on the Vice President of South Sudan.

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