News

Note: This section contains information in English only.
Tue, 26 Jun 2018 13:38:40 GMT

Audi binds itself with Israeli self-driving car simulation start-up

Germany's Audi AG is partnering with the self-driving car simulation start-up Cognata to accelerate the autonomous vehicle development, the Israeli platform provider stated on Tuesday.

Tue, 26 Jun 2018 13:35:09 GMT

Microsoft ties up with InMobi over marketing capabilities offer

On Tuesday, Microsoft announced it would collaborate with India's InMobi, as it seeks to provide the customers of Azure cloud with artificial intelligence-backed marketing capabilities.

Tue, 26 Jun 2018 12:37:07 GMT

Orlando halts testing Amazon's facial recognition programme

Orlando has halted testing the Amazon facial recognition programme, following concerns raised by rights groups that the service could violate the civil liberties.

Tue, 26 Jun 2018 10:57:42 GMT

CBS expands streaming accord with NFL to add mobile devices

On Monday, CBS expanded its streaming accord with the National Football League, so it could include mobile devices, and extended its rights via the 2022 season.

Tue, 26 Jun 2018 10:51:38 GMT

Discovery, ProSieben to develop TV streaming platform in Germany

ProSiebenSat.1 Media will tie up with Discovery to build Germany's TV streaming platform, as they seek to challenge the US titans Amazon Prime, Youtube and Netflix.

Tue, 26 Jun 2018 10:14:25 GMT

EU appeals to Poland to stop its law

Some ministers of the European Union made a last attempt to appeal to Poland to stop its most recent judicial reform that would put the country's court under the risk to be politically influenced.

Tue, 26 Jun 2018 10:13:29 GMT

General Electric will invest in healthcare

General Electric Company on Tuesday announced that it will invest in its healthcare business and sell the company's oil services branch.

Tue, 26 Jun 2018 09:37:16 GMT

US chip stocks drop amid new trade measures targeting tech

On Monday, the US semiconductor stocks plunged, affecting such giants as Nvidia, Micron Technology and Intel, after new trade measures are aimed at the technology sector.

Tue, 26 Jun 2018 09:31:28 GMT

London court to rule on Uber licence this Tuesday

Uber is set to learn on Tuesday whether it can continue operating with its ride-hailing licence in London, its largest European market, after changing the company's corporate culture.

Tue, 26 Jun 2018 08:39:59 GMT

Ooh!Media to acquire bus stop advertiser Adshel in $424M deal

Australia's advertiser Ooh!Media is buying the bus stop advertising unit Adshel in a deal worth $424M, after outbidding competitor suitor APN Outdoor..

Tue, 26 Jun 2018 08:36:13 GMT

BHP, Saramco. Vale clinch deal with Brazil over dam disaster

BHP Billiton, Vale SA and Samarco have clinched a deal with Brazil's authorities to settle a $5.30B lawsuit over the 2015 dam disaster that claimed lives of 19 people.

Tue, 26 Jun 2018 07:38:28 GMT

France's Engie has no intention for EDPR takeover

Engie, the French power and gas group, stated it was not looking at a takeover of EDP Renovaveis, Portugal's renewable energy developer.

Tue, 26 Jun 2018 07:35:14 GMT

Evergrande Health to acquire 45 of Faraday Future

China's Evergrande Health Industry stated late on Monday it would acquire 45% of a new energy vehicle start-up Faraday Future, bringing the shares up 40% on Tuesday morning.

Tue, 26 Jun 2018 06:36:29 GMT

Chinh Chu ties up with Pinnacle's Chairman for SPAC

The ex-Blackstone Group's dealmaker Chinh Chu has tied up with the Chairman of Pinnacle Foods, Roger Deromedi, to form a special purpose acquisition company, as the aim to buy consumer firms.

Tue, 26 Jun 2018 06:32:33 GMT

Vietnam's Bamboo Airways to buy 20 Boeing jets

On Monday, Boeing has agreed to sell 20 widebody long-haul planes to Vietnam's start-up Bamboo Airways in a deal valued at $5.6B.

Tue, 26 Jun 2018 04:52:20 GMT

Lippo Group will invest in Tencent

The Indonesian Lippo Group announced on Tuesday that the company will invest almost $45 million into Chinese tech giant Tencent Holdings.

Tue, 26 Jun 2018 04:51:30 GMT

Trade wars get blamed for surging Japanese Yen

On Tuesday, financial media blamed the intensifying trader war tensions for the decline that is being experienced in the USD/JPY currency pair.

Tue, 26 Jun 2018 04:35:26 GMT

Oil prices continue moving higher

The price for crude oil surged on Tuesday morning due to the markets being uncertain about Libyan oil export quantities.

Tue, 26 Jun 2018 04:34:48 GMT

Global stocks extend sell-off

On Tuesday, stocks globally continued the selloff, as media sources blamed trader war tensions caused by the United States as the reason for the selloff.

Tue, 26 Jun 2018 02:53:46 GMT

China's Huawei main sponsor of overseas trips of Australian politicians

China's telecommunications equipment producer Huawei Technologies was the largest sponsor of overseas trips for Australia's politicians, a travel disclosure registers' analysis showed.

Tue, 26 Jun 2018 02:36:28 GMT

France's Total: natural gas demand to outpace oil

Frence's oil and gas company Total anticipated the global natural gas market to expand faster than the market for crude over the following two decades thanks to booming Asian demand for cleaner-burning fuel.

Tue, 26 Jun 2018 02:30:56 GMT

SkyBridge suing Premium Point Investments

SkyBridge Capital II stated on Monday that it sued Premium Point Investments, claiming nearly $80M loss because the investment service inflated the hedge fund assets' value.

Mon, 25 Jun 2018 19:51:17 GMT

Bangladesh arrests thousands in anti-drugs crackdown

Bangladesh has arrested 22T people after launching a crackdown on drug trafficking last month, the country's Home Minister Asaduzzaman Khan Kamal Monday says.

Mon, 25 Jun 2018 19:50:12 GMT

Beijing sets up $4.6B technological innovation fund

Beijing launched a fund worth $4.6B to support technological innovation, Monday's Science and Technology Daily reports.

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