News

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Mon, 30 Sep 2019 15:31:25 GMT

German inflation weakest in three years

Germany's consumer prices grew 0.9% year-on-year in September, the weakest level in almost three years and below the ECB 2% target.

Mon, 30 Sep 2019 14:36:29 GMT

Blackstone to acquire US warehouses for $5.9B

On Monday, Blackstone Group Inc announced it signed a deal with the investment and real estate management company Colony Capital to acquire its US industrial warehouses in a deal worth $5.9B, sending Colony Capital's up 14% to $6.72.

Mon, 30 Sep 2019 13:33:40 GMT

Elon Musk launches latest Mars rocket prototype

Elon Musk, the billionaire entrepreneur, has released his new iteration of the space giant's newly assembled Starship, marking the fast development of the SpaceX's centrepiece vehicle that deemed to launch humans to Mars or the moon.

Mon, 30 Sep 2019 12:08:27 GMT

Tencent buys 29% stake in Oslo-listed Funcom

China's Tencent Holding is set to acquire a 29% worth stake in the Oslo-listed computer games maker Funcom, becoming its largest shareholder, Funcom announced on Monday.

Mon, 30 Sep 2019 11:03:56 GMT

BoA, Morgan Stanley to expand employee-benefits services

Bank of America Corp and Morgan Stanley are planning expansion in their employee-benefits management, seeking to gain a market share in the wealth management business, according to Reuters.

Mon, 30 Sep 2019 09:40:54 GMT

Global stocks trade steady

During the Asian trading session, global stock indices traded steadily despite an announcement that the US might delist some Chinese companies from their exchanges.

Mon, 30 Sep 2019 08:45:14 GMT

Thomas Cook clients likely to face delay in refunds

On Monday, the UK aviation regulator stated that Thomas Cook's customers could face a two-month delay for their refunds, as the regulator had not yet received all the necessary information from the world's oldest travel company that collapsed last week.

Mon, 30 Sep 2019 08:35:32 GMT

Revolut to add 3.5K jobs amid global expansion

Revolut, the British digital banking app, is planning to hire about 3500 new staff amid its expansion into 24 markets in the global push with the payments giant Visa, both companies announced on Monday.

Mon, 30 Sep 2019 06:50:31 GMT

Forever 21 files for bankruptcy

On Sunday, Forever 21 Inc, the fashion retailer, has filed for bankruptcy, joining the growing list of companies that were hit by e-commerce giants, such as Amazon.com, amid customers' rising demand for an online shopping.

Mon, 30 Sep 2019 06:37:15 GMT

GM, UAW to keep discussing new labour deal

United Auto Workers and General Motors announced on Monday they would continue negotiations on a new labour deal due to a strike launched by the union members that had entered the third week already.

Mon, 30 Sep 2019 05:23:53 GMT

Trudeau's Liberals plan to increase government spending

The Canadian ruling Liberal Party announced on Sunday a number of spending initiatives, though added that their implementation would require $15.11B annual deficits over the upcoming four years.

Mon, 30 Sep 2019 04:05:03 GMT

UK's Javid to increase infrastructure spending

The Finance Minister of the United Kingdom Sajid Javid pledged on Sunday to boost infrastructure spending in order to repair roads and improve bus services.

Sun, 29 Sep 2019 20:00:22 GMT

China investment in highways, waterways rises

China's investment in highways and waterways expanded 3.7% in the first eight months of the current year, the Ministry of Transport reports.

Sun, 29 Sep 2019 19:00:44 GMT

Alibaba unveils new AI chip

The Alibaba Group has developed its first high performance AI chip, Hanguang 800, the group CTO and head of the Alibaba Damo Academy Jeff Zhang says.

Sun, 29 Sep 2019 18:35:47 GMT

China supports Venezuelan government

China supports Venezuela's efforts to safeguard sovereignty, the Chinese State Councilor and Foreign Minister Wang Yi says at a meeting with the Venezuelan Vice President Delcy Rodriguez.

Sun, 29 Sep 2019 17:00:33 GMT

China coking coal imports reach record high

Imports of metallurgical coal to China surged 30% in August to 9.07M tonnes, a data published by the General Administration of Customs shows.

Sun, 29 Sep 2019 16:00:43 GMT

Brazil tourism grows slowly

The tourism sector in Brazil expanded 1.5% in July 2019, compared to the same period the previous year, the National Confederation of Trade, Services and Tourism reports.

Sun, 29 Sep 2019 15:01:07 GMT

China service trade expands

China's service trade reached $505B in the first eight months of the current year, a 3% increase from the previous year, the Ministry of Commerce reports.

Sun, 29 Sep 2019 14:16:47 GMT

Hong Kong to experience negative growth in Q3

The economy of Hong Kong is likely to contract in the third quarter of 2019, after a negative growth in the second quarter, the Hong Kong Special Administrative Region government reports.

Sun, 29 Sep 2019 13:09:48 GMT

Yandex tests self driving cars in Tel Aviv

The Russian tech giant Yandex is conducting test drives with self-driving cars on the streets of Tel Aviv, a statement published by the company shows.

Sun, 29 Sep 2019 11:59:12 GMT

IMF visits to Jordan to review economy

The International Monetary Fund visits Jordan to review economic developments in the country, a statement published by the IMF shows.

Sun, 29 Sep 2019 10:00:34 GMT

China manufacturing investment rises

Investment in the manufacturing industry expanded 12% in the first eight months of this year, compared to the same period the prior year, the National Development and Reform Commission reports.

Sun, 29 Sep 2019 09:10:39 GMT

UBS: Asia to see growth in sustainable investment

Asia is widely expected to see growth in sustainable investment amid changes in government policies in the last several years, a note published by the Swiss investment bank UBS Group AG shows.

Sun, 29 Sep 2019 08:26:00 GMT

China Trade Fair opens in Cairo

The China Trade Fair Egypt opened in Cairo at the International Convention Center for a sixth consecutive year on Sunday.

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