News

Note: This section contains information in English only.
Thu, 24 May 2018 18:28:38 GMT

South Korean president: Trump's decision to cancel summit is regrettable

On Thursday, Yonhap news agency reported that the President of South Korea Moon Jae-in expressed regret over the decision of the US President Donald Trump to cancel the meeting with North Korean leader Kim Jong Un.

Thu, 24 May 2018 18:24:58 GMT

Pompeo hopes North Korea and US to resume talks

The US Secretary of State Mike Pompeo claimed he hopes that Washington and Pyongyang could resume talks about the nuclear program despite the cancellation of the summit between the US and North Korea.

Thu, 24 May 2018 17:20:04 GMT

Daimler to recall diesel van due to emission regulations

On Thursday, German road vehicle authority ordered Daimler AG to recall its Mercedes van model Vito 1.6l Diesel because its emission control system violates regulations.

Thu, 24 May 2018 17:12:08 GMT

Trump cancels North Korean summit

On Thursday, the US President Donald Trump stated that a historical summit between the US and North Korean leader Kim Jong Un scheduled for June is cancelled because of the hostility of North Korea. 

Thu, 24 May 2018 15:53:07 GMT

LVMH invests into online fashion search unit Lyst

LVMH, the owner of Louis Vuitton, has made an investment between $67M and $134M into the online fashion search app Lyst, as it seeks to expand online and attract younger buyers.

Thu, 24 May 2018 15:52:48 GMT

France's Autodis ceases planned IPO

On Wednesday, France's Autodis, the vehicle parts distributor, announced it had suspended the initial public offering amid "cautious" market environment.

Thu, 24 May 2018 15:28:16 GMT

Uber to unveil plan to stop diesel cars usage in London

Uber aims to present its plan in the following weeks on how to stop using diesel vehicles in London, as it expected the project to come into effect by the next year's end.

Thu, 24 May 2018 15:18:40 GMT

Roskomnadzor to check Facebook's compliance with law

Roskomnadzor, Russia's telecommunications watchdog, is set to carry out checks on Facebook and Whatsapp by December to see whether the social media platforms comply with the Russian laws.

Thu, 24 May 2018 14:38:54 GMT

Ryanair denies attempts to approach Norwegian Air

On Thursday, Ryanair claimed it had never made an approach for Norway's carrier Norwegian Air and never had such an intention.

Thu, 24 May 2018 14:32:18 GMT

Britain plans end Brexit transition in December 2020

On Thursday, the Prime Minister Theresa May's spokesman stated that Britain is planning to end the implementation period with the EU after the Brexit in December 2020.

Thu, 24 May 2018 13:19:45 GMT

Italy's spending raises concerns of new financial crisis

On Thursday, the Maltese Financial Minister Edward Scicluna has raised concerns over the Italian government focusing on more spending, saying it could trigger another debt crisis that hit Greece in 2010.

Thu, 24 May 2018 13:15:10 GMT

Rusal's board members, CEO resign amid US sanctions

The largest aluminium producer in Russia United Company Rusal stated on Thursday its seven board members and CEO had resigned, in efforts to persuade the US to lift sanctions imposed on it.

Thu, 24 May 2018 12:37:40 GMT

Smurfit agrees to acquire Dutch firm Reparenco

Smurfit Kappa agreed to buy the Dutch recycling company Reparenco in a deal worth around $539M, Ireland's packaging group stated on Thursday.

Thu, 24 May 2018 12:34:48 GMT

Vekselberg confirms talks renewal over Gazprom merger

On Thursday, Russia's Viktor Vekselberg confirmed he had revived the talks about merger of his power assets with the gas titan Gazprom,

Thu, 24 May 2018 11:35:23 GMT

Westfield shareholders grants approval for Unibail-Rodamco deal

Westfield's shareholders approved the $16B Unibail-Rodamco takeover deal, the Australian shopping mall titan's chairman announced on Thursday.

Thu, 24 May 2018 11:31:44 GMT

Canada bans China's takeover of Aecon amid safety grounds

Canada has blocked the $1.18B worth takeover of the construction firm Aecon Group by the China Communications Construction's unit citing national security grounds, the government reported.

Thu, 24 May 2018 10:23:38 GMT

China will decrease import tariffs

Bloomberg is reporting that Chinese authorities will cut some import tariffs for consumer goods on July 1.

Thu, 24 May 2018 10:19:53 GMT

ECB will take into account geopolitics

The European Central Bank on Thursday announced that the central bank will begin analysing geopolitical factors before judging its monetary policy.

Thu, 24 May 2018 09:36:29 GMT

Pompeo: no decision made by Trump on ZTE ban

The US State Secretary Mike Pompeo said during the congressional testimony on Wednesday that no decision had been made yet by Trump's Administration over lifting a ban on China's telecoms firm ZTE.

Thu, 24 May 2018 09:34:22 GMT

Russian bank VTB sells nearly 12% stake in Magnit

Russia's second-largest bank VTB sold an 11.82% stake in the retailer Magnit to Marathon Group in a deal valued at about $1.02B, it stated on Thursday.

Thu, 24 May 2018 08:33:02 GMT

PPB agrees to merge business with FanDuel

Paddy Power Betfair agreed on merging its US business with the fantasy sports firm FanDuel, as it seeks targeting the sports betting market in the US that should open in the next few years.

Thu, 24 May 2018 08:28:40 GMT

Vontobel to acquire Swiss private bank in $705M deal

The Swiss cooperative bank Raiffeisen has agreed to sell its private bank Notenstein La Roche to the local asset manager Vontobel in a deal worth $705M, the two banks stated on Thursday.

Thu, 24 May 2018 06:56:39 GMT

Tesla shares expected to rise despite bad news threshold

According to a research report provided by analysts, shares in Tesla are likely to soar despite a "fever pitch" of bad news that hit the electric carmaker lately, as its Model 3 sedan's output improves.

Thu, 24 May 2018 06:45:47 GMT

Facebook unlikely to compensate EU users affected by data misuse

On Wednesday, Facebook stated it is unlikely to suggest compensation for the 2.7M EU users affected by the data breach scandal, in which personal data was illegally shared with the political consultancy Cambridge Analytica.

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