News

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Tue, 07 Jan 2020 14:28:44 GMT

American Airlines agree on settlement with Boeing

American Airlines Group reached a settlement with Boeing Co to address damages incurred by the airline last year amid the Boeing 737 MAX planes' ongoing grounding.

Tue, 07 Jan 2020 12:49:32 GMT

Stocks rise on Tuesday

During Tuesday's European trading hours, global stock indices surged, as the anxiety caused by Middle East tensions decreased.

Tue, 07 Jan 2020 12:19:56 GMT

Musk rolls out Tesla SUV programme in China

Elon Musk has presented Tesla's Model Y electric SUV programme at the carmaker's new $2.0B Shanghai plant on Tuesday, according to Reuters.

Tue, 07 Jan 2020 10:41:38 GMT

Eurozone inflation increases

On Tuesday, Eurozone inflation data was published. The data revealed that in December prices rose by 0.3% on a monthly basis.

Tue, 07 Jan 2020 10:38:43 GMT

GM's China sales drop in 2019 amid weak economy

General Motors Co's China vehicle sales in 2019 fell 15% from 3.09M units year earlier due to a decline in overall auto sales caused by a slowing economy, the carmaker reported on Tuesday.

Tue, 07 Jan 2020 09:26:09 GMT

Uber ties up with Hyundai over electric air taxi

Uber Technologies, the US ride-hailing firm, is partnering South Korea's carmaker Hyundai Motor over developing electric air taxis, participating in the global race of making small self-flying vehicles to weaken urban congestion.

Tue, 07 Jan 2020 07:42:48 GMT

Ford's Q4 sales fall amid passenger cars low demand

Ford Motor reported a 1.3% drop in its Q4 cars sales, as lowering demand for passenger vehicles outweighed the pick-up trucks' higher sales.

Tue, 07 Jan 2020 07:37:08 GMT

Qualcomm unveils autonomous driving computer

On Monday, Qualcomm Inc has launched its computing system for self-driving cars designed to handle lane controls, full autonomous and more, seeking to hit roads by 2023.

Tue, 07 Jan 2020 05:40:31 GMT

Gold reaches seven year high

On Monday, the price of gold reached a seven year high level by shortly fluctuating at the 1,588.00 level.

Tue, 07 Jan 2020 05:31:20 GMT

Dollar recovers against Yen

During Monday's trading, the US Dollar recovered against the Japanese Yen. Namely, the US-Iran tensions caused a run to safety, which reversed on Monday.

Tue, 07 Jan 2020 03:40:04 GMT

Wall Street recovers losses

During late US Monday trading, US stock indices recovered the losses that were suffered in the aftermath of the run to safety that followed the start of US-Iran tensions.

Tue, 07 Jan 2020 03:24:48 GMT

US military withdraws from Iraq

On Monday, the US military sent an official letter to the Iraqi government that stated that the US military would withdraw from Iraq and would reposition its forces during the next weeks.

Mon, 06 Jan 2020 21:06:55 GMT

McConnell calls for patience

The US Senate Majority Leader Mitch McConnell called his fellow colleagues on Monday not rush with Trump criticism until they receive all facts related to the killing of Qassem Soleimani.

Mon, 06 Jan 2020 20:33:58 GMT

US Senate to discuss situation with Iran

According to the US media, senior members of the Trump administration will come to the Senate on Wednesday to brief about the situation with Iraq and Iran.

Mon, 06 Jan 2020 18:44:21 GMT

Samsung Elec to roll out innovative devices on Feb. 11

Samsung Electronics is planning to launch its innovative devices on February 11 in San Francisco, with the electronics group seen to release the new foldable phone, as well as a new version of the company's flagship S model.

Mon, 06 Jan 2020 17:43:39 GMT

France's Carrefour to buy lunch delivery firm Dejbox

Carrefour, the French supermarket group, said it had agreed to acquire the lunch delivery company Dejbox, in its latest effort to bolster the e-commerce operations, but did not disclose the financial terms of the deal.

Mon, 06 Jan 2020 16:41:42 GMT

South Korea's restaurateurs raise concerns about Delivery Hero deal

On Monday, owners of South Korean restaurants have voiced their concerns regarding the proposed $4.0B local rival acquisition by Delivery Hero, the food delivery giant, saying the deal could affect competition and cause higher fees.

Mon, 06 Jan 2020 16:02:14 GMT

Xerox secures $24B in financing for HP takeover offer

On Monday, Xerox Holdings Corp announced it had secured $24B in financing for the proposed $33.5B worth HP Inc takeover, a deal that is opposed by the PC maker.

Mon, 06 Jan 2020 14:41:10 GMT

Ceska Zbrojovka considers IPO

The Czech firearms producer Ceska Zbrojovka Group announced on Monday that it considers an IPO that would fund expansion in the United States.

Mon, 06 Jan 2020 14:29:27 GMT

Iran steps away from nuclear deal

On Monday, Iranian officials announced that they would drop all limits on uranium enrichment, but would still cooperate with UN nuclear institutions.

Mon, 06 Jan 2020 12:41:12 GMT

Boeing considers more debt

The Wall Street Journal reported on Monday that Boeing is considering raising its debt to bolster its finances.

Mon, 06 Jan 2020 11:48:00 GMT

Safe-haven currencies surge

On Monday, as the tensions in the Middle East increased, demand for safe-haven currencies increased. The Yen and the Swiss Franc surged in value.

Mon, 06 Jan 2020 11:14:56 GMT

Saudi credit default swaps soar

On Monday, the costs to insure against a Saudi Arabian sovereign debt default surged by a sixth. The event spilled over to other Middle East markets.

Mon, 06 Jan 2020 09:49:46 GMT

Safe heaven currencies rise in value

The value of Japanese Yen, Swiss Franc and other safe currencies by Monday morning increased up to 1% amid a rapid escalation of tensions between the US and Iran.

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