News

Note: This section contains information in English only.
Thu, 04 Oct 2018 15:10:59 GMT

Emirates to cut flights for 45 days amid Dubai airport runway closure

Emirates stated on Thursday it would cut the number of its flights by third during 45 days in 2019, as two runways at the Dubai International Airport would be closed for repair work.

Thu, 04 Oct 2018 14:56:00 GMT

HSBC boosts real estate, infrastructure and power teams

Seven new bankers have been hired by HSBC, as the banking and financial services company is expanding its real estate, infrastructure and power businesses, amid its intention to serve the clients among these industries.

Thu, 04 Oct 2018 14:35:18 GMT

J&J ties up with Arrowhead over gene-silencing drug

Johnson & Johnson has partnered with Arrowhead Pharmaceuticals to develop and sell the gene-silencing Hepatitis B drug, planning to acquire a minority stake in a possible deal that could be valued at $3.7B.

Thu, 04 Oct 2018 14:21:35 GMT

US initial jobless claims drop 8K last week

The number of applications for US unemployment benefits dropped to 207K in the week ending September 29, while analysts expected them to slide to 214K from the previous 215K reading.

Thu, 04 Oct 2018 13:24:07 GMT

Amazon, Apple deny news on China's hardware attack

On Thursday, Amazon.com and Apple denied the report published by Bloomberg that the malicious computer chips had been inserted by China's intelligence into the companies' systems.

Thu, 04 Oct 2018 13:16:46 GMT

Spain's court launches inquiry into Caixabank's takeover of BPI

Spain's High Court has launched an investigation into Caixabank's 2017 acquisition of the Portuguese Banco PPI, after two shareholders had brought a lawsuit against the Spanish lender.

Thu, 04 Oct 2018 11:54:18 GMT

SK Hynix to invest into new South Korea's chip plant

SK Hynix is planning to boost an investment worth $17.8B in a new South Korean memory chip factory, which is set to open on Thursday, around 29% more than initially budgeted.

Thu, 04 Oct 2018 11:54:09 GMT

Web Summit to remain in Portugal for ten more years

The Web Summit, the European biggest technology event, will stay in Portugal's capital of Lisbon for ten more years, the summit's founder Paddy Cosgrave stated on Wednesday.

Thu, 04 Oct 2018 10:58:41 GMT

Germany's N26 starts operating in Britain, sees launch in US

The German digital bank N26 has started its operations in Britain this Thursday, seeking to launch in the United States as well in the next year's Q1, its CEO told Reuters.

Thu, 04 Oct 2018 10:53:16 GMT

Israel's Glassbox attracts $25M in latest funding round

On Thursday, the Israeli-based customer management technology provider Glassbox has raised $25M in its latest funding round led by the US software-aimed growth equity group Updata Partners.

Thu, 04 Oct 2018 10:03:09 GMT

Danske Bank faces US criminal investigation

The US Department of Justice is investigating Danske Bank due to a 200 billion euro money laundering scheme.

Thu, 04 Oct 2018 10:02:02 GMT

Basel Committee announced that banks are near full compliance

The Basel Committee that unifies all of the global banking regulators since December 2017 announced on Thursday that the global banking sector is near full compliance with their capital rules.

Thu, 04 Oct 2018 09:36:12 GMT

Saudi British Bank signs binding deal to acquire Alawwal

Saudi British Bank has signed a binding deal to acquire its smaller competitor Alawwal Bank for $5.0B to establish Saudi Arabia's third-largest lender with the market value of around $17.2B.

Thu, 04 Oct 2018 09:23:43 GMT

LG Chem to provide VW with EV batteries from late 2019

On Thursday, South Korean firm LG Chem stated it had secured a deal with Volkswagen to supply EV batteries to the carmaker starting late 2019.

Thu, 04 Oct 2018 08:36:36 GMT

France's Neoen to attract €640M in IPO

Neoen, the French solar firm, is planning to raise around €640M in its planned initial public offering, seeking to lift funds for the company's expansion.

Thu, 04 Oct 2018 08:33:55 GMT

Smiths Group to acquire United Flexible for $345M

On Thursday, Smiths Group stated it would acquire the US aircraft engine parts maker United Flexible from the private equity group Arlington Capital Partners in a deal worth $345M.

Thu, 04 Oct 2018 07:28:08 GMT

Comcast acquires over 75% of Sky shares

The US cable company Comcast has already secured more than 75% of Sky shares, getting closer to complete its $40B takeover of the UK pay-TV group.

Thu, 04 Oct 2018 07:26:51 GMT

Nissan calls on Britain and EU to avoid no-deal Brexit

On Thursday, the Japanese carmaker Nissan stated that no-deal Brexit would have a tough effect on the UK industry, urging Britain and the EU bloc to reach the agreement on their trading relationship in the future.

Thu, 04 Oct 2018 06:36:38 GMT

Barnes & Noble explores startegic options amid takeover interest

On Wednesday, Barnes & Noble stated it would consider a strategic review, after Leonard Riggio, the founder-chairman, and some other parties had expressed their interest to acquire the bookseller.

Thu, 04 Oct 2018 06:33:30 GMT

Change Healthcare hires underwriters for IPO

The US drug wholesaler McKesson's healthcare tech firm Change Healhcare hired underwriters for its planned initial public offering, which could bring the value of the company to $12B, including debt.

Thu, 04 Oct 2018 04:39:17 GMT

Britain market of vital importance for Ireland

The UK is a vital importance market for both Irish exporters and importers with the vast majority of Ireland's traders having a link with the country, a survey showed.

Thu, 04 Oct 2018 04:36:11 GMT

Morocco to invest $40B in energy sector by 2030

The Moroccan Energy Minister stated that his country is set to invest more than $40B dollars in the energy sector by 2030.

Thu, 04 Oct 2018 03:25:25 GMT

Spanish consumer confidence falls in September

Spain's consumer confidence decreased 11.9 to 90.6 points in September, indicating a pessimistic perspective over the economic situation, the Sociological Research Centre said.

Thu, 04 Oct 2018 03:20:45 GMT

Toyota, SoftBank to cooperate in self-driving

Toyota Motor and SoftBank Group Corp are expected to announce their partnership on self-driving and other technologies, sources familiar with the matter stated.

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