News

Note: This section contains information in English only.
Fri, 11 May 2018 15:04:59 GMT

Uber expands into Spain's beach resort hotspot

Uber has launched an expansion into the Spanish tourist hotspot by introducing its ride-hailing business across the Costa del Sol region ahead of the busy summer season.

Fri, 11 May 2018 14:11:33 GMT

Panasonic may tie-up with Tesla on batteries production

Panasonic stated it could tie-up with US EV maker Tesla to jointly produce batteries in China, as Japan's electronic tech giant sought to tap into the rising EV demand.

Fri, 11 May 2018 13:53:08 GMT

Didi set to temporary halt ride-hailing service in China

Didi Chuxing, the biggest Chinese ride-hailing service, announced on Friday that it was set to halt its domestic business for week for drivers checks amid female passenger death.

Fri, 11 May 2018 12:33:46 GMT

Trump's Administration to allow AI tech to develop in US

On Thursday, the Trump Administration's senior official stated that the government would allow artificial intelligence to freely develop in the United States and did not seek staying in its way.

Fri, 11 May 2018 12:28:33 GMT

Lotte Shopping's unit sells Chinese retail operator in $272M deal

On Friday, Lotte Shopping stated its unit had sold one of the company's China retail store operators to Liqun Commercial Group in a deal worth $272.5M.

Fri, 11 May 2018 10:58:04 GMT

Volvo Cars's China owner seeks carmaker's IPO in 2018

China's Zhejiang Geely Holding, the owner of Volvo Cars, said it had hired Citigroup, Morgan Stanley and Goldman Sachs for an IPO this year, raising chances to value Sweden's automaker at between $16-$30B.

Fri, 11 May 2018 10:57:52 GMT

Elliott set to vote against Hyundai's restructuring plan

Elliott Management, the US activist fund, is set to vote against the restructuring plan of Hyundai Motors, urging the rest of shareholders to reject the carmaker's proposal to reform the conglomerate.

Fri, 11 May 2018 10:33:01 GMT

Banks to ask for exclusive UK work visa waiver once Brexit occurs

International banking institutions in Britain are asking for an exclusive work visa waiver once Brexit takes place to maintain the city of London as one of the best global financial centers.

Fri, 11 May 2018 10:18:33 GMT

RBS chief executive stays to supervise revert to private ownership

Royal Bank of Scotland boss Ross McEwan claimed that he has a strategy until 2020 and would like to watch the bank's return to private ownership, dismissing speculation shortly.

Fri, 11 May 2018 09:36:34 GMT

Silver Lake buys Zoopla, ZPG for $3B

British firms, Zoopla and the PrimeLocation owner ZPG, have been bought by Silver Lake in a deal valued at $3B, delivering a windfall for the company's largest shareholder Daily Mail.

Fri, 11 May 2018 08:33:53 GMT

SpaceX delays its first cocmmercial flight of Falcon 9 rocket

SpaceX was forced to postpone its first commercial launch of the updated Falcon 9 rocket for 24 hours or more on Thursday due to a technical glitch, the company reported.

Fri, 11 May 2018 08:31:46 GMT

US NHTSA searches Tesla's fatal crash in Florida

On Thursday, the US safety agency NHTSA has launched an investigation into the fatal crash of a Tesla vehicle in Florida earlier this week, which claimed lives of two teenagers.

Fri, 11 May 2018 07:01:43 GMT

Symantec may delay annual report amid investigation

On Thursday, Symantec stated it was unlikely to file its annual report on time due to the on-going investigation on concerns raised by an ex-employee, adding the inquiry might change the results.

Fri, 11 May 2018 06:56:38 GMT

China's Huya prices IPO on NYSE at $12 per share

The Chinese gaming firm Huya has priced its initial public offering in New York at $12 per share, which is the upper-end of is indicated price range, sources familiar with the matter reported on Thursday.

Fri, 11 May 2018 06:33:14 GMT

Dropbox beats expectations in first report after IPO

Dropbox, the file storage and sharing firm, posted its first financial results after the initial public offering, beating analysts' expectations for its Q1 and the number of paying subscribers, which surged 23.7% to 11.5M.

Fri, 11 May 2018 06:28:11 GMT

Cisco cuts online ads from YouTube amid sensitive content fear

Cisco Systems, the network gear maker, said it was pulling all its online ads from the video platform YouTube amid fears of the ads appearance on its sensitive content.

Thu, 10 May 2018 20:30:29 GMT

France's Macron wants EU reforms, increased spending

The French President Emmanuel Macron on Thursday called for reforms in Europe and deeper economic cooperation between France and Germany.

Thu, 10 May 2018 20:29:34 GMT

Rouhani, Erdogan discuss Iran nuclear deal

The Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan on Thursday discussed the US decision to quit the Iran nuclear deal.

Thu, 10 May 2018 19:04:10 GMT

Uzbek president to visit White House

The Uzbek President Shavkat Mirziyoyev will meet the US President Donald Trump on May 16, the White House announces.

Thu, 10 May 2018 19:03:27 GMT

Russian FM: Iran nuclear deal must be saved

The Iran nuclear deal must be saved despite the US decision to withdraw from it, the Russian Foreign Minister Sergei Lavrov says.

Thu, 10 May 2018 18:01:04 GMT

Telecom giant BT plans to cut 13,000 jobs

British Telecom on Thursday announced its decision to cut a total of 13,000 back office and management jobs over the period of three years.

Thu, 10 May 2018 17:59:46 GMT

Bank of England waits soft data before next rate rise

The Bank of England on Thursday decided to keep interest rates on hold as it wants to be sure that the economy is recovering before increasing borrowing costs.

Thu, 10 May 2018 17:35:29 GMT

Singapore confirms Trump-Kim summit

The meeting between the US President Donald Trump and the DPRK leader Kim Jong Un will be held in Singapore, Singapore's Ministry of Foreign Affairs confirms.

Thu, 10 May 2018 17:34:54 GMT

Malaysian Mahathir wins general election

The former Malaysian prime minister Mahathir Mohamad, 92, achieved a victory in the general election as his coalition Pakatan Harapan secured majority of seats in the parliament.

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