News

Note: This section contains information in English only.
Thu, 20 Feb 2020 09:53:31 GMT

Google to move UK users' data protection

Google is planning to move its UK users' accounts out of the EU privacy regulators' control to the US jurisdiction instead, sources stated.

Thu, 20 Feb 2020 09:13:17 GMT

Unipol to acquire Ubi Banca's bancassurance JVs

Unipol, the Italian financial group, is set to acquire a couple of 300M euros worth bancassurance joint ventures in Intesa's proposed deal for Ubi Banca, Chief Executive Carlo Cimbri stated on Thursday.

Thu, 20 Feb 2020 08:39:50 GMT

Nokia to buy Elenion Technologies

Nokia Qyj, Finland's telecom networks make, announced it agreed to acquire the privately-owned US tech company Elenion Technologies to bolster the optical networking business and widen its offering to the telecoms operators.

Thu, 20 Feb 2020 05:49:43 GMT

Aeffe expects weaker 2019 results

Aeffe Spa, the Moschino and Alberta Ferretti owner, expected its Q1 results to be affected by the coronavirus outbreak in China, an executive told Reuters.

Thu, 20 Feb 2020 04:33:39 GMT

Fresenius Medical: operating profit grows 3% in Q4

Fresenius Medical Care stated that quarterly adjusted operating profit grew 3% as rise in dialysis products and services was slightly offset by adjustments for accounts receivable.

Wed, 19 Feb 2020 23:38:53 GMT

Nokia to buy Elenion

Finnish telecom networks producer Nokia Oyj agreed to buy privately-held Elenion Technologies to extend optical networking business and increase offering to operators.

Wed, 19 Feb 2020 20:48:48 GMT

Lyft resumes operations in NYC

On Wednesday, Lyft revealed that it would resume renting electric bikes in New York City. The company had stopped the bike rental due to complaints and reports of injury.

Wed, 19 Feb 2020 20:12:23 GMT

Boeing goes to court

It was announced on Wednesday, that Boeing is heading to court against the families of 737 MAX airplane crash victims.

Wed, 19 Feb 2020 19:22:12 GMT

European Commission comments on tech

On Wednesday, representatives of the European Commission revealed that new common rules could help Europe in catching up with Silicone Valley.

Wed, 19 Feb 2020 17:42:10 GMT

China stimulates stock markets

During late Wednesday's European trading hours, it was revealed by Bloomberg that China would inject funds into the financial markets. The announcement boosted stock indices.

Wed, 19 Feb 2020 16:41:21 GMT

US housing data hits high level

During Wednesday's US trading session, US housing data was published. It was revealed that the issuing of construction permits had reached a 13-year high level.

Wed, 19 Feb 2020 15:41:10 GMT

Nasdaq reaches record high

On Wednesday, Nasdaq stock indices reached record high levels, as China announced additional measures to subsidize their economy.

Wed, 19 Feb 2020 15:01:57 GMT

Japan sees coronavirus to harm tourism but keeps 40 mln visitor target

Japan is expecting a fall in the number of tourists visiting the country due to the coronavirus outbreak but decided to stick to its initial target of 40M foreign visitors in 2020.

Wed, 19 Feb 2020 13:41:11 GMT

Sportswear makers say coronavirus hits China business

Adidas and Puma have warned on Wednesday the coronavirus outbreak had hit their Chinese business due to store shutdowns and fewer tourists who shop in other markets.

Wed, 19 Feb 2020 13:15:00 GMT

Citi, Deutsche consider $9B Dubai port company debt sale

Citi and Deutsche Bank have launched negotiations with other banks over a sale of $9B in debt Dubai attracted to take full control over DP World and Dubai World's refinance borrowings, according to Reuters.

Wed, 19 Feb 2020 11:48:36 GMT

GM to dismiss all 1.5K workers at Thai plant

General Motors is set to lay off all1,5K plant workers in Thailand at the beginning of summer after the carmaker announced its production plant sales in the country.

Wed, 19 Feb 2020 10:49:23 GMT

India approves IP accord with US

On Wednesday, the Indian government approved a plan to make a deal with the US that would strengthen the protection of intellectual property in India.

Wed, 19 Feb 2020 10:10:36 GMT

Embracer to acquire Saber Interactive

Embracer, Sweden's video game group, is set to acquire Saber Interactive, the US game developer, in a deal worth up to $525M, Embracer reveled on Wednesday.

Wed, 19 Feb 2020 09:27:17 GMT

Uber to close office in downtown LA

Uber Technologies announced on Wednesday it would shut its customer support office based in downtown Los Angeles, as the ride-hailing company seeks focusing on its larger locations.

Wed, 19 Feb 2020 07:44:39 GMT

Qatar Airways raises stake in IAG to 25.1%

On Wednesday, Qatar Airways Group announced it had raised its holding in IAG, the British Airways owner, to 25.1%, purchasing another stake worth $600M as part of QAG's strategy.

Wed, 19 Feb 2020 07:38:23 GMT

Alstom, Bombardier shares drop after $6.7B rail deal

Shares of Canada's Bombardier and Alstom SA plunged 7.88% and 3.2% respectively after the French company agreed to acquire Bombardier's rail unit for up to $6.7B.

Wed, 19 Feb 2020 05:55:14 GMT

AG Barr planning to resign over Trump's tweets

According to the Washington Post report on Tuesday, William Barr, the US Attorney General, is planning to resign over President Donald Trump's tweets regarding the DOJ investigations.

Wed, 19 Feb 2020 04:58:00 GMT

Thailand's economy to grow at slower pace in 2020

According to the minutes of Thailand's Central Bank February 5 meeting, Thai gross domestic product would grow at a slower pace than previously expected in 2020.

Wed, 19 Feb 2020 04:08:04 GMT

Uber to shut down office in downtown Los Angeles

On Tuesday, Uber Technologies Inc announced that it was shutting down its customer support staff office in downtown Los Angeles.

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