News

Note: This section contains information in English only.
Wed, 30 Sep 2020 08:25:15 GMT

General Atlantic plans investment in Reliance's unit

On Wednesday, India's Reliance Industries announced that General Atlantic, the private equity firm, is planning to make an investment worth $498.31M in its retail division, sending the company's shares up 1%.

Wed, 30 Sep 2020 06:46:30 GMT

Disney plans 28K layoffs in theme parks

Walt Disney is planning to lay off about 28,000 employees at the company's US theme parks due to the coronavirus pandemic's hit.

Wed, 30 Sep 2020 06:28:14 GMT

EPIC Suisse delays IPO

EPIC Suisse, the commercial real estate firm, has postponed its initial public offering plans due to market conditions.

Wed, 30 Sep 2020 04:57:45 GMT

Ironwood Pharmaceuticals to cut 100 jobs

On Tuesday, Ironwood Pharmaceuticals announced that it would discontinue development of the treatment, IW-3718 and intended to slash about 100 jobs.

Wed, 30 Sep 2020 04:02:02 GMT

Israel, UAE discuss tech and energy cooperation

The ADNOC said on Tuesday that UAE's Minister of State Sultan Ahmed Al Jaber met with the Israeli ministers to discuss cooperation opportunities in energy, technology and industry.

Wed, 30 Sep 2020 02:53:30 GMT

Google, Fitbit $2.1B deal to win EU approval

According to sources with knowledge of the matter, Alphabet's Google and Fitbit $2.1 billion deal is set to win the EU competition enforcer approval.

Wed, 30 Sep 2020 01:45:45 GMT

TikTok to launch US elections guide

TikTok announced on Tuesday that it would launch elections guide to provide users access to information about the US 2020 general elections to help fight misinformation.

Tue, 29 Sep 2020 20:00:23 GMT

World Bank cuts Malaysia economic forecast

The World Bank expects the Malaysian economy to contract 4.9% in 2020, a statement published in its October 2020 Economic Update report shows.

Tue, 29 Sep 2020 19:11:13 GMT

Vietnam exports increase

Exports of goods from Vietnam increased by 4.2% in the first nine months of 2020, compared to the same period in 2019, the General Statistics Office reports.

Tue, 29 Sep 2020 18:06:30 GMT

S.Korean business sentiment worsens

The South Korean business sentiment worsened in September amid an increase in covid cases, data published by the Bank of Korea show.

Tue, 29 Sep 2020 17:18:31 GMT

Mongolia to face contraction in 2020

The Mongolian economy is expected to contract by 2.4% in 2020, the first time since 2009, amid the pandemic, a report published by the World Bank shows.

Tue, 29 Sep 2020 16:24:31 GMT

S. Africa loses 2.2M jobs in Q2

The South African economy lost around 2.2M jobs in the second quarter of the current year, data released by Statistics South Africa show.

Tue, 29 Sep 2020 15:25:51 GMT

Latvia revises economic forecast for 2020

The Bank of Latvia revised its economic forecast to a 4.7% contraction in 2020 from a previous estimate of 7.5%, data published by the bank show.

Tue, 29 Sep 2020 14:04:36 GMT

China's PATEO seeks raising £114M

PATEO, China's smart vehicle equipment supplier, said it had entered talks with potential investors, seeking to raise £114.3M (1.0B yuan) before its planned STAR board listing in Shanghai.

Tue, 29 Sep 2020 12:45:10 GMT

EZ sentiment beats forecasts

Euro zone's economic sentiment improved above analysts' expectations in September, due to rising optimism in its services sector, official data showed on Tuesday.

Tue, 29 Sep 2020 11:46:50 GMT

Spain's retail sales rise in August

According to the National Statistics Institute, Spanish retail sales surged by 1.8% month-over-month in August for the fourth month in succession, signalling a steady recovery after the coronavirus crisis.

Tue, 29 Sep 2020 10:55:23 GMT

Oil prices remain flat

During Tuesday's European trading hours, crude oil prices remained almost flat, as a minor decline of 0.3% was observed.

Tue, 29 Sep 2020 09:42:51 GMT

Walmart invests in Tata

On Tuesday, Walmart revealed that it is in negotiating with Tata Group a $25 billion investment in Tata's planned super app.

Tue, 29 Sep 2020 08:41:11 GMT

European stock markets open lower

On Tuesday, European stocks opened lower, the pan-European STOXX 600 declined by 0.5% in early trading.

Tue, 29 Sep 2020 07:42:10 GMT

Walmart sees investment in Tata Group's app

Walmart has entered negotiations with Tata Group over its potential $25B investment in the conglomerate's "super app", according to the Mint newspaper's report published on Tuesday.

Tue, 29 Sep 2020 07:29:34 GMT

Musk plans to list Starlink business

Tesla's CEO Elon Musk is planning an initial public offering of Starlink, SpaceX's space internet business, but only a couple of years in the future.

Tue, 29 Sep 2020 05:11:47 GMT

GM repays tax

General Motors stated on Monday that the company would repay $28 million of Ohio state tax incentives.

Tue, 29 Sep 2020 03:40:39 GMT

Google enforces tax

On Monday, Google announced that the company would enforce a 30% tax on apps that would not comply with digital item selling rules.

Tue, 29 Sep 2020 03:30:49 GMT

UN studies illegal money in Africa

The United Nations revealed on Monday that illegal money outflows from Africa had reached $90 billion.

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