News

Note: This section contains information in English only.
Fri, 08 Jun 2018 17:38:54 GMT

German Scholz: business needs to be prepared for the worst Brexit scenario

On Friday, German Finance Minister Olaf Scholz claimed that business waiting for the consequences of Brexit needs to be prepared for the worst-case scenario even if there is no final deal between the EU and the UK.

Fri, 08 Jun 2018 17:38:39 GMT

EU regulator approves Sky deal

EU antitrust regulators are planning to approve the deal between American cable enterprise Comcast and British subscription TV company Sky without demanding concessions

Fri, 08 Jun 2018 16:19:15 GMT

Romania's court delays verdict in leader's bribery deal

On Friday, the Romanian top court has postponed its verdict in the Social Democrats leader's corruption trial, as it needs more time for processing the details.

Fri, 08 Jun 2018 16:12:02 GMT

Austria plans to close mosques and expel dozens of imams

Austria's government is planning to close seven mosques and expel about twelve foreign-funded imams in its push against the radical Islam.

Fri, 08 Jun 2018 15:31:18 GMT

Chinese regulator receives Xiaomi application for IPO

The smartphone maker Xiaomi has applied to the Chinese security regulator on June 7 for an initial public offering in the country, according to the regulator's website.

Fri, 08 Jun 2018 15:23:41 GMT

Airbus finalises deal with Bombardier CSeries

EU planemaker has clinched a final rescue deal for the Bombardier CSeries jetliner programme and is seen to flex its cost-cutting and marketing muscle to revive Canada's loss-making venture.

Fri, 08 Jun 2018 14:38:07 GMT

Prada CEO Bertelli says no intention to sell brand

The Prada CEO Patrizio Bertelli stated there was never any intention to sell the luxury goods group, adding that his son was getting ready to take control over the company one day.

Fri, 08 Jun 2018 14:35:23 GMT

Trump: Russia should attend Group of Seven nations summit

On Friday, the US President Donald Trump stated that Russia should be at the G7 meeting, despite an expulsion from the Group of Eight nations over Ukraine's Crimea.

Fri, 08 Jun 2018 13:37:40 GMT

TDR, Starwood Capital to make firm acquisitions bids until June-end

On Friday, IWG stated that the British private equity firm TDR Capital and the US property investment fund Starwood Capital are set to make firm bids for the company or drop until June 29.

Fri, 08 Jun 2018 13:08:29 GMT

Verizon appoints ex-Ericsson head to replace McAdam

Verizon Communications has appointed the CEO and ex-Ericsson head Hans Vestberg as the company's new boss on Friday to replace the current Chief Executive Lowell McAdam on August 1.

Fri, 08 Jun 2018 12:37:31 GMT

Apple to cut 20% of new model iPhones shipment for this year

On Friday, Nikkei reported that Apple is set to ship 80M new model iPhones in 2018, 20% less from what the company has planned the same time a year ago.

Fri, 08 Jun 2018 10:57:40 GMT

Merkel to hold talks with IMF and WB chiefs

The German Chancellor Angela Merkel is set to meet with the IMF Managing Director Christine Lagarde and the President of the World Bank Jim Yong Kim on Monday.

Fri, 08 Jun 2018 10:40:03 GMT

US allows ZTE to continue its operations in country

The United States has reached a deal with the Chinese telecommunications company ZTE Corp to continue its business in the country in return for a $1B fine.

Fri, 08 Jun 2018 10:34:01 GMT

EU antitrust regulators set to decide on Laudamotion-Ryanair deal

The European antitrust regulators are set to rule on whether to allow Ryanair to acquire a 75% stake in Laudamotion by July 12, according to the EU Commission report on Friday.

Fri, 08 Jun 2018 10:28:41 GMT

North Korea's Kim seen to arrive in Singapore on Sunday

North Korea's leader Kim Jong Un is set to land at the Changi airport in Singapore on Sunday, right ahead of a summit with the US President Donald Trump, sources reported on Friday.

Fri, 08 Jun 2018 09:34:02 GMT

Feinberg to be top candidate to lead Amazon-Berkshire-JPMorgan venture

Geisinger Health System's CEO David Feinberg has appeared to be the top candidate to run the healthcare venture formed by JPMorgan Chase & Co, Berkshire Hathaway and Amazon.com.

Fri, 08 Jun 2018 09:29:29 GMT

Airbus nears majority stake deal with Bombardier Cseries

Airbus is nearing to clinch a deal with Bombardier's Cseries jetliner programme to acquire its controlling stake, the companies announced on Friday.

Fri, 08 Jun 2018 08:01:45 GMT

Walmart seeks barring ex-tax exec from joining Amazon

Walmart has filed a suit to the court urging to bar the former senior tax executive Lisa Wadlin from joining Amazon.com, as the move values a non-compete accord and could irreparably harm the company.

Fri, 08 Jun 2018 07:57:46 GMT

Yahoo EU regulator urges for privacy changes amid data breach

Yahoo's European regulator ordered the company to amend the privacy measures on the back of a probe into the biggest ever data breach affecting the EU citizens.

Fri, 08 Jun 2018 07:18:32 GMT

Lumentum says CFO Tachibana leaves company

On Thursday, Lumentum Holdings, the optical component producer, stated that Aaron Tachibana, its Chief Financial Officer, had stepped down from his position after three years being in the role.

Fri, 08 Jun 2018 07:09:47 GMT

Thyssenkrupp considers full or partial exit from naval vessels business

Thyssenkrupp, the German conglomerate, is considering selling a part or an entire of its naval vessels business that is a part of the company's Marine Systems unit, sources familiar with the issue stated.

Fri, 08 Jun 2018 06:37:33 GMT

China's TCL presents high-class Blackberry smartphone in US

On Thursday, China's electronics manufacturer TCL Group has launched a high-class Blackberry smartphone in the United States, touting privacy and security features to differentiate it from other phones.

Fri, 08 Jun 2018 06:30:05 GMT

Google introduces ban on its AI tech use in weapons

On Thursday, Alphabet's Google stated it would not allow the use of its artificial intelligence technology in weapons or any unreasonable surveillance efforts amid the company's new standards for the nascent field's business decisions.

Fri, 08 Jun 2018 05:02:17 GMT

JAMA criticizes US tariff initiative

In light of bilateral trade talks, Japan's automakers association (JAMA) slammed the initiative expressed by the United States to increase tariffs on Japanese auto exports.

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