News

Note: This section contains information in English only.
Wed, 23 Oct 2019 03:06:46 GMT

SoftBank clinches $10B deal to take over WeWork

According to sources with knowledge of the matter, SoftBank Group has secured a $10B deal to take over WeWork.

Wed, 23 Oct 2019 02:15:02 GMT

US home sales decline in September

According to the National Association of Realtors on Tuesday, existing US home sales fell by 2.2% in September.

Tue, 22 Oct 2019 19:46:10 GMT

Air New Zealand announces new flights

On Tuesday, Air New Zealand stated that the company would launch flights from Auckland to New York in October of 2020.

Tue, 22 Oct 2019 19:03:24 GMT

UK denies Brexit

On Tuesday, the Parliament of the United Kingdom denied the motion of the Prime Minister to ratify a new timetable of the exit from the EU.

Tue, 22 Oct 2019 18:01:02 GMT

Centene views WellCare deal to complete earlier in 2020

The health insurer Centene is planning to complete its $15.27B buyout of the smaller competitor WellCare Health Plans earlier than estimated in 2020, namely, in the first half of the next year.

Tue, 22 Oct 2019 16:52:33 GMT

Uber sees its growth in developing markets over next decade

On Tuesday, Uber said it is seeing its robust growth in the developing markets, such as India, despite the issues the company had faced while establishing itself in Southeast Asia and China.

Tue, 22 Oct 2019 15:41:15 GMT

WeWork board approves SoftBank's takeover plan

On Tuesday, WeWork board has accepted a rescue takeover deal offered by SoftBank Group, ceding control of the US office-sharing firm to the Japanese company, according to a Reuters report.

Tue, 22 Oct 2019 15:26:41 GMT

Verizon to offer some customers free Disney+ subscription

On Tuesday, Verizon Communications announced they would offer a free one-year-long subscription to the customers of Walt Disney's soon-to-be-released streaming service Disney+.

Tue, 22 Oct 2019 14:03:13 GMT

Harley-Davidson tops estimates on international sales

On Tuesday, Harley-Davidson beat its profit forecasts, boosted by international sales rebound, sending the company's shares up 7% on the news.

Tue, 22 Oct 2019 11:43:08 GMT

Samsung, UAE-backed funds lead $55M investment in IonQ

IonQ, the US quantum computing start-up, stated on Tuesday it had lifted $55M in a round of funding led by the Samsung Electronics and the United Arab Emirates-backed venture funds.

Tue, 22 Oct 2019 11:37:23 GMT

Hyundai Motor likely to raise stake in China JV

On Tuesday, Hyundai Motor stated it was considering to raise a stake in its Chinese underperforming truck venture, potentially joining the list of other foreign carmakers in bolstering their ownership in the world's largest car market.

Tue, 22 Oct 2019 10:22:03 GMT

Trump congratulates Canada's Trudeau on election win

The US President Donald Trump has congratulated Justin Trudeau, the Canadian Liberal Prime Minister, early on Tuesday on his win in the Federal Election that put him back in power, though with a minority in the Parliament, Reuters reported.

Tue, 22 Oct 2019 09:29:41 GMT

Renault head seeks to resume Nissan alliance next year

Jean-Dominique Senard, Renault's Chairman, has vowed on Tuesday to bring the alliance with the Japanese carmaker Nissan back on track in 2020, after it was hit by the ex-head Carlos Ghosn's arrest.

Tue, 22 Oct 2019 07:49:41 GMT

WeWork's Chairman Neumann likely to step down

On Monday, SoftBank Group made an offer to WeWork and the company's shareholders, worth about $10B, under the takeover plan to leave WeWork afloat; a move that might lead to Chairman Adam Neumann's exit.

Tue, 22 Oct 2019 07:37:45 GMT

Revolut to enter the United States

Rebolut, the digital banking app, is set to launch its cards issuing in the United States by this year-end through its partnership with the payments company Mastercard, both firms announced on Tuesday.

Mon, 21 Oct 2019 19:44:50 GMT

Erdogan and Putin to discuss Turkish military offensive in Syria

Yuri Ushakov, the Kremlin spokesperson, said that the Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan are set to discuss Turkey's military operation in Syria on Tuesday.

Mon, 21 Oct 2019 19:14:04 GMT

SAP partners with Microsoft

On Monday, SAP Business Software group announced that it had struck a three-year agreement with Microsoft to help its largest business clients to run their operations into the cloud.

Mon, 21 Oct 2019 18:00:40 GMT

UniCredit sells $6.8B in bad loans

According to a statement from the Scope Ratings, UniCredit has transferred about $6.8 billion in bad loans to a securitisation vehicle.

Mon, 21 Oct 2019 17:01:22 GMT

4 drug companies reach $260M legal settlement

On Monday, Cardinal Health Inc, AmerisourceBergen Corp, Teva Pharmaceutical Ltd and McKesson Corp have reached a $260M legal settlement over their role in the opioid addiction epidemic in the US.

Mon, 21 Oct 2019 16:09:26 GMT

Lebanon approves economic reforms

On Monday, the Lebanese Prime Minister Saad al-Hariri approved a wide range of economic reforms amid anti-government rallies.

Mon, 21 Oct 2019 15:06:15 GMT

Johnson pushes for vote on Brexit deal

The UK PM Boris Johnson would try again to table his withdrawal agreement to a vote in the House of Commons on Monday. However, it is unclear if the speaker, John Bercow, would permit such a vote.

Mon, 21 Oct 2019 14:28:06 GMT

BoA to expand zero-commission stock trading

On Monday, Bank Of America announced it was planning an expansion of its zero-dollar online trading among all Preferred Rewards programme's customers, as well as commission cuts for others, after several online brokers had made similar moves.

Mon, 21 Oct 2019 13:37:48 GMT

Xiaomi to launch over 10 5G phones in 2020

Xiaomi Corp, the Chinese smartphone maker, is planning to roll out over 10 5G smartphones next year, the company's CEO Lei Jun stated on Sunday, during the World Internet Conference.

Mon, 21 Oct 2019 12:27:44 GMT

EU data regulator concerned over Microsoft contracts

The EDPS, the EU data watchdog, stated on Monday that Microsoft's contracts with the bloc's institutions did not provide complete data protection in line with the European Union's law.

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