News

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Mon, 29 Oct 2018 20:54:26 GMT

Mobileye, VW to roll out Israeli first self-driivng ride-hailing service

Intel's Mobileye and Volkswagen are planning to launch first ride-hailing service in Israel, using autonomous cars, as early as in the beginning of the next year, both companies confirmed on Monday.

Mon, 29 Oct 2018 20:25:22 GMT

Brookfield likely to acquire Johnson Controls' battery business

Johnson Controls International is getting closer to selling its power solutions unit, focused on the car battery production, to Brookfield Asset Management in a deal that could be valued at $13B-$14B.

Mon, 29 Oct 2018 20:20:49 GMT

Mars gets EU approval for AniCura acquisition

On Monday, the European Commission stated it had granted its approval for the EU veterinary business AniCura's takeover by the US pet food producer Mars Petcare.

Mon, 29 Oct 2018 19:16:50 GMT

British government plans to sell RBS stake by 2024

The UK government has announced plans to sell all the remaining shares in the Royal Bank of Scotland by 2024.

Mon, 29 Oct 2018 19:07:10 GMT

Di Maio calls for unity within 5-star party

On Monday, Italy's Deputy Prime Minister Luigi Di Maio warned against party divisions, after the 5-star movement party was forced to reverse an electoral pledge to stop international gas transport project.

Mon, 29 Oct 2018 18:10:20 GMT

Moody's says British public debt to remain high

On Monday, the rating agency Moody's said that British public debt could be set to remain high for a long time and UK's budget confirms the expectations.

Mon, 29 Oct 2018 17:25:15 GMT

Hammond says UK borrowing to decline

On Monday, the British Finance Minister Philip Hammond said that UK's expected borrowing between now and the middle of the 2020s has declined.

Mon, 29 Oct 2018 17:11:47 GMT

Britain plans to impose Digital Service Tax

On Monday, the UK Finance Minister Philip Hammond said that Britain plans to tax the revenues of online platforms like Amazon, Facebook and Google to create a fair tax system.

Mon, 29 Oct 2018 16:36:44 GMT

Danske Bank says whistle-blower can speak to European Parliament

Danske Bank has freed a whistle-blower, who helped to reveal a significant money laundering scandal at its bank from confidentiality obligations, and can testify to the European Parliament.

Mon, 29 Oct 2018 16:31:50 GMT

Al-Falih says Iran's oil exports is difficult to track

The Saudi Arabian Energy Minister Khalid al-Falih said on Monday that it would be difficult to track how much oil Iran will be able to export after the US sanctions kick in on November 4.

Mon, 29 Oct 2018 15:38:06 GMT

TowerJazz views Q4 revenue missing estimates

TowerJazz is expecting its Q4 revenue to miss the forecasts, following the preceding three-month fall, Israel's chipmaker announced on Monday.

Mon, 29 Oct 2018 15:35:35 GMT

Russia's Yandex reports fastest growth since 2012

The Russian search engine Yandex reported on Monday the fastest growth in the last six years since 2012, as the group lifted its 2018 revenue estimates, increasing its share price by nearly 8%.

Mon, 29 Oct 2018 14:39:29 GMT

EasyJet shows progress with electric passenger jets plan

The British airline EayJet is making the progress with its plan to build the electric passenger aircraft for some of the carrier's routes by 2027, the company stated on Monday.

Mon, 29 Oct 2018 14:35:27 GMT

US car sales seen falling slightly in October

The US October car sales are likely down from the previous year, as the replacement demand after Irma and Harvey hurricanes had boosted the business, LMC Automotive and J.D. Power reported on Monday.

Mon, 29 Oct 2018 13:37:26 GMT

Qualcomm-backed OnePlus enters US market

China's smartphone maker OnePlus is set to enter the American market this Monday in the country with the help of its two major allies: mobile operator T-Mobile and chipmaking titan Qualcomm.

Mon, 29 Oct 2018 13:33:14 GMT

Booking invests $200M into Southeast Asia's Grab

Booking Holdings, the US travel firm, has made an investment of $200M in the Southeast Asian ride-sharing company Grab on the back of their established strategic partnership.

Mon, 29 Oct 2018 11:49:52 GMT

Chinese citizens buy up Greek homes

In Greece foreign investment in real estate has surged by 91% last year, compared to 2016. The main reason for the surge are Chinese citizens buying up property in the country.

Mon, 29 Oct 2018 11:47:24 GMT

Merkel will leave CDU leadership

On Monday, Chancellor Angela Merkel announced that she will not seek re-election as the head of the CDU party.

Mon, 29 Oct 2018 10:59:02 GMT

Zoom Video Communications prepares to launch IPO

The video conferencing firm Zoom Video Communications is getting ready to launch its initial public offering, seeking to get valued at more than $1.0B valuation.

Mon, 29 Oct 2018 10:39:25 GMT

Bitsamp gets acquired by Belgium's NXMH

The Belgian investment company NXMH has bought Bitstamp, a digital currency exchange, the CEO Nejc Kodrič announced on Monday, valuing the European firm at about $60M.

Mon, 29 Oct 2018 10:12:09 GMT

Germany's ProSieben acquires US online dating site eharmony

On Monday, the German firm ProSiebenSat. 1 Media stated it had acquired the American sating site eharmony, in its first major deal since it clinched a new e-commerce JV with General Atlantics.

Mon, 29 Oct 2018 10:02:32 GMT

ACS, Atlantia finalise €16.5M Abertis takeover

Spain ACS and Italy's Atlantia have finalised their joined takeover of the Spanish firm Abertis in a €16.5M deal that forms the largest toll-road group in the world.

Mon, 29 Oct 2018 08:32:44 GMT

EQT makes $654M cash deal for Swedish Karo Pharma

On Monday, the private equity group EQT has launched a $654M cash offer to acquire Sweden's specialty pharma comany Karo Pharma.

Mon, 29 Oct 2018 08:28:47 GMT

Hitachi to acquire Ansaldo STS stake held by Elliott

Hitachi has clinched a deal to acquire Elliott's stake in Italy's Ansaldo STS and isplanning to make a tender bid for the Italian rail-signaling firm's all shares, the company announced on Monday.

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