News

Note: This section contains information in English only.
Mon, 10 Aug 2020 08:34:46 GMT

Equinor names Opedal as new CEO

On Monday, Equinor has appointed Anders Opedal as its new CEO effective from November 2 as Norway's gas and oil group seeks to accelerate its push into the renewable energy.

Mon, 10 Aug 2020 05:00:19 GMT

Hyundai shares surge by 10.20%

On Monday, Hyundai Motor shares surged by 10.20% after the company announced that it would launch a new family of Ioniq electric vehicles brand.

Mon, 10 Aug 2020 04:01:07 GMT

China's factory deflation eases in July

According to data from the Chinese National Bureau of Statistics, China's producer price index fell by 2.4% in July.

Mon, 10 Aug 2020 03:02:10 GMT

China's CanSino to begin Phase III clinical trials

The Chinese vaccine maker CanSino Biologics will soon begin the Phase III clinical trials of the COVID-19 vaccine in Saudi Arabia, a spokesperson from the Saudi Health Ministry announced on Sunday.

Mon, 10 Aug 2020 01:46:37 GMT

UK authority investigates Barclays

The UK privacy watchdog has launched an investigation into Barclays Plc after media reports accused the bank of spying on its staff.

Sun, 09 Aug 2020 19:42:55 GMT

Eastman Kodak's loan put on hold

The loan agreement between the US government and Eastman Kodak was put on hold because of allegations of wrongdoing, the DFC reported on Sunday.

Sun, 09 Aug 2020 19:36:26 GMT

Credit Suisse to cooperate with insurers

Credit Suisse Chairman Urs Rohner stated on Sunday that the bank is planning to widen its cooperation with retail insurance companies.

Sun, 09 Aug 2020 17:59:56 GMT

Canadian canola prices surge

Canada's canola prices have surged to the highest level in almost two years, as exporters found back door to China.

Sun, 09 Aug 2020 17:02:07 GMT

GCC asks UN to extend arms embargo on Iran

According to a statement from the secretariat of the GCC, the Gulf Cooperation Council has requested the United Nations to prolong the arms embargo on Iran.

Sun, 09 Aug 2020 16:01:07 GMT

Trump threatens to suspend payroll tax

The US President Donald J. Trump promised to unilaterally suspend payroll tax if no agreement on the COVID-19 stimulus bill.

Sun, 09 Aug 2020 14:42:02 GMT

Credit Suisse seeks cooperation with insurers

Credit Suisse is seeking cooperation expansion with insurers, the Swiss bank's Chairman Urs Rohner announced on Sunday, adding the potential projects is likely to cover insurance, events or credit cards.

Sun, 09 Aug 2020 13:47:41 GMT

Qualcomm calls on US to supply Huawei with chips

The US chipmaker Qualcomm is lobbying the United States to revoke its restrictions on the components sale to China's Huawei Technologies, after the Chinese tech giant was blacklisted, according to The WSJ.

Sun, 09 Aug 2020 12:44:04 GMT

Huawei to halt flagship chipsets production

Huawei Technologies is planning to halt the production of the flagship Kirin chipsets starting from the next month due to the impact of the US pressure on China's tech giant, according to the financial magazine Caixin.

Sun, 09 Aug 2020 12:29:53 GMT

UK watchdog probes Barclays on spying allegations

The UK privacy watchdog ICO has launched an investigation into Barclays Plc over potential spying on staff by the British bank, according to the agency's statement made on Sunday.

Sun, 09 Aug 2020 10:48:48 GMT

Saudi Aramco notes oil demand recovery

Amin Nasser, the CEO of Saudi Aramco, stated on Sunday that demand for gas and oil in Asian countries almost returned to pre-pandemic levels.

Sun, 09 Aug 2020 10:35:39 GMT

Twitter considers TikTok acquisition

According to sources familiar with the matter, Twitter Inc expressed interest in acquisition of TikTok's operations in the US.

Sun, 09 Aug 2020 08:43:19 GMT

Oil giants report losses

The world largest five oil companies reported on Sunday that production decrease reached nearly 1M bpd while the value of assets $50B.

Sun, 09 Aug 2020 08:21:46 GMT

Saudi Aramco's profit down 73.4%

Saudi Aramco reported on Sunday that its Q2 profit fell 73.4% amid the negative impact of the coronavirus pandemic.

Sun, 09 Aug 2020 07:08:01 GMT

Algeria eases COVID-19 lockdown

On Saturday, Algeria announced that it would further relax its COVID-19 restrictions, including travel restraints and curfew.

Sun, 09 Aug 2020 06:00:42 GMT

Berkshire Hathaway announces $9.8B writedown

Berkshire Hathaway second-quarter operating profit declined by 10% to $5.53 billion, the company announced on Saturday.

Sun, 09 Aug 2020 04:48:55 GMT

Eastman Kodak's US loan agreement on hold

Eastman Kodak's $765M loan agreement with the US government to make pharmaceutical ingredients was put on hold amid allegations of wrongdoing.

Sun, 09 Aug 2020 04:27:57 GMT

Twitter interested in buying TikTok'

Twitter approached TikTok's owner ByteDance to express interest in buying the US operations of the app, two sources familiar with the matter stated.

Sun, 09 Aug 2020 03:31:45 GMT

Qualcomm wants to sell its chips to Huawei

Chipmaker Qualcomm lobbied the US government to revoke restrictions over the sale of components to Huawei Technologies after China's company was blacklisted by the US.

Sat, 08 Aug 2020 20:48:29 GMT

Mubadala reveals 7% stake in Virgin Galactic

Mubadala Investment, Abu Dhabi's state fund, reported a stake of more than 7% in Virgin Galactic Holdings, the space tourism firm.

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