News

Note: This section contains information in English only.
Mon, 29 Mar 2021 13:07:32 GMT

UK watchdog approves Uber's Autocab deal

On Monday, the British competition watchdog stated it had cleared a takeover deal of the UK tech company Autocab planned by Uber, following the probe's findings that the takeover would not hurt competition.

Mon, 29 Mar 2021 12:15:01 GMT

Italy to trim 2021 GDP outlook

Italy is planning to cut its virus-hurt economy to 4.1% in the current year and raise the 2022 GDP to 4.3%, according to the official data published on Monday.

Mon, 29 Mar 2021 11:29:54 GMT

Hyundai to halt output in South Korea

Hyundai Motor is planning a temporary suspension of its production at the South Korean plant amid chip shortage expected between Apr. 5 and Apr. 13, according to Korea Economic Daily's report.

Mon, 29 Mar 2021 10:22:36 GMT

Stocks remain steady

Despite the ongoing blockage of the Suez Canal and significant losses announced by Nomura and Credit Suisse, stock indices remained flat during Monday's European trading hours.

Mon, 29 Mar 2021 09:00:08 GMT

Didi announces expansion

On Monday, China's Didi Chuxing announced it would roll out its ride-hailing service in South Africa's Cape Town.

Mon, 29 Mar 2021 08:00:06 GMT

Tencent Music plans largest ever $1B share buyback

The Chinese group Tencent Music Entertainment announced it is planning its biggest ever $1B share buyback, following the US securities regulator's adoption of stricter measures for the US-listed foreign companies.

Mon, 29 Mar 2021 06:56:44 GMT

German union seeks four-day Amazon strike

The German trade union Verdi called for a four-day strike at six Amazon sites before the Easter, seeking to force the US e-commerce company to recognise collective bargaining deals.

Mon, 29 Mar 2021 06:36:05 GMT

China Evergrande to attract $2B in pre-IPO

On Monday, China Evergrande Group stated it would sell 10% of Fangchebao (FCB), the online automobile and real estate marketplace, to 17 investors in a fundraising deal worth $2.10B ahead of its planned IPO.

Mon, 29 Mar 2021 05:00:08 GMT

Portugal deficit increases to 5.7% in 2020

Portugal's government deficit rose to 5.7% of its GDP in 2020 as the economic activity deteriorated amid COVID-19 lockdowns, a report published by the Statistics Portugal shows.

Mon, 29 Mar 2021 04:00:08 GMT

US personal income declines

US consumer spending and personal income fell in February as the government's stimulus payments fade and closures continue, the Commerce Department reports.

Mon, 29 Mar 2021 03:00:06 GMT

Italy business sentiment rises

Business sentiment in Italy improved slightly in March, while consumer confidence deteriorated, data published by the National Statistics Institute show.

Sun, 28 Mar 2021 21:00:07 GMT

Spain economy contracts 10.8% in 2020

The economy of Spain contracted 10.8% in 2020, the worst year since 1970, a report published by the Spanish Statistical Office shows.

Sun, 28 Mar 2021 20:00:06 GMT

World Bank resumes talks with Sudan

On Sunday, the World Bank revealed that it would re-engage in talks with Sudan in regards to grants valued at $2 billion.

Sun, 28 Mar 2021 17:40:06 GMT

China tightens regulation

The Chinese government revealed on Sunday that it would tighten regulations of the country's credit rating business.

Sun, 28 Mar 2021 17:35:06 GMT

UK reports on vaccination

The government of the United Kingdom revealed on Sunday that almost 30 million citizens had received coronavirus vaccines.

Sun, 28 Mar 2021 17:18:28 GMT

German union calls Amazon strike

On Sunday, a German workers union called for a four-day strike at all Amazon facilities in the country.

Sun, 28 Mar 2021 13:15:04 GMT

UK rejects GFG Alliance's bailout

As reported by the Financial Times on Sunday, UK's ministers have rejected a plea for a 170M GBP bailout for GFG Alliance company.

Sun, 28 Mar 2021 13:10:05 GMT

Lufthansa Swiss may announce job cuts

Switzerland's unit of Lufthansa could announce further job cuts, its CEO Dieter Vranck told SonntagsBlick newspaper on Sunday.

Sun, 28 Mar 2021 12:05:06 GMT

Union calls for Deliveroo strike

On Sunday, it was revealed that a trade union in the United Kingdom would call for a Deliveroo rider strike.

Sun, 28 Mar 2021 11:55:07 GMT

Beijing is hit by sandstorm

A sandstorm raged in Beijing for a second time in a two-week period on Sunday halting economic activity.

Sun, 28 Mar 2021 11:42:01 GMT

Sinopec raises expenditures

On Sunday, the China Petroleum & Chemical Corporation or Sinopec announced that it would increase its spending in 2021 by 23.8%.

Sun, 28 Mar 2021 10:57:42 GMT

UK comments on vaccination

The government of the United Kingdom revealed on Sunday that there would be no vaccine shortages due to the split with the European Union.

Sun, 28 Mar 2021 10:33:01 GMT

Germany comments on coronavirus

On Sunday, an aid to the German Chancellor Angela Merkel stated that Germany had to stop the coronavirus now or risk a loss of control over it.

Sun, 28 Mar 2021 09:33:18 GMT

Support for Merkel declines

Polls released on Sunday revealed that the support for the German party CDU and the German Chancellor Angela Merkel had declines since the last election.

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