News

Note: This section contains information in English only.
Fri, 06 Dec 2019 05:42:44 GMT

Emotion-sensing robot launched to assist astronauts

International Space Station has launched an intelligent emotion-sensing robot CIMON 2 on Thursday, designed to assist astronauts in orbit and equipped with cameras, microphones and a software that enables emotion recognition.

Fri, 06 Dec 2019 04:48:33 GMT

Uber makes further expansion into African markets

Uber launched its ride-hailing services in Ivory Coast's capital of Abidjan on the back of the company's expansion into the African markets, which have limited mass transport and low levels of vehicle ownership.

Fri, 06 Dec 2019 04:12:30 GMT

Waymo expands ride-hailing app to iPhones in Arizona

Alphabet's Waymo, the ride-hailing company, upgraded its app to iPhone devices in Phoenix, Arizona, expanding its service to more users in the United States.

Fri, 06 Dec 2019 03:14:31 GMT

Apple buys Alcoa-Rio Tinto JV's carbon-free aluminium

On Thursday, Apple Inc announced it had acquired the first-ever carbon-free aluminium from the Alcoa-Rio Tinto joint venture, Elysis, not disclosing the price of the deal.

Thu, 05 Dec 2019 20:42:20 GMT

Novak comments on oil cuts

The Energy Minister of the Russian Federation Alexander Novak on Thursday announced that OPEC+ has recommended to decrease global oil output by 500,000 barrels per day.

Thu, 05 Dec 2019 20:18:32 GMT

General Motors and LG Chem create common venture

On Thursday, General Motors and LG Chem announced that the both companies would create a $2.3 billion electric battery joint venture.

Thu, 05 Dec 2019 19:13:53 GMT

Oil prices surge on Thursday

During Thursday's European and US trading sessions, crude oil prices surged, as OPEC+ countries agreed upon decreasing next quarter's production of crude.

Thu, 05 Dec 2019 17:40:43 GMT

BP raises its stake in Lightsource BP

BP is raising its stake in Lightsource BP, the solar energy developer, from 43% to 50%, seeking rapid growth during the following few years, both companies stated on Thursday.

Thu, 05 Dec 2019 16:41:13 GMT

Canada's Stroll aims to take major stake in Aston Martin

Canada's billionaire Lawrence Stroll is seeking to make a bid for the Aston Martin's majority stake, sending the battered shares of the luxury sports automaker up 17%, according to Autocar magazine.

Thu, 05 Dec 2019 15:43:13 GMT

United Airlines names Scott Kirby as CEO

On Thursday, United Airlines Holdings appointed Scott Kirby as its new CEO to replace Oscar Munoz, who is set to take the role of the airline's executive chairman next year.

Thu, 05 Dec 2019 15:27:32 GMT

Oman Oil Co to sell 20%-25% of shares in 2020

Oman Oil Co is planning a 20%-25% share sale in an IPO by the 2020-end, a move that will make it the second national oil firm in the Gulf, the state-owned company's Minister Mohammed al-Rumhi announced.

Thu, 05 Dec 2019 14:19:10 GMT

ING aims to settle Italian money-laundering probe

Italian business of ING Groep NV, the Dutch bank, has reached a deal with Italy's prosecutors to settle the money-laundering probe by paying $33.0M, Reuters reported on Thursday.

Thu, 05 Dec 2019 13:02:54 GMT

Tiffany falls short of Wall Street estimates

Tiffany & Co disappointed Wall Street by missing its quarterly sales estimates on Thursday, as weak demand from Hong Kong business disruptions and foreign tourists hit the luxury jeweller's results.

Thu, 05 Dec 2019 12:14:22 GMT

Petrobras plans to divest from extra assets

Petrobras' CFO Andrea Marques de Almeida stated on Thursday that the Brazilian state-owned oil group's plan on divesting between $20.0B-$30.0B within the following five years was not ambitious enough, having a necessity to divest from extra assets.

Thu, 05 Dec 2019 11:07:44 GMT

OPEC announces output cuts

On Thursday, OPEC and its allies announced that it would agree upon increasing oil production cuts. The alliance intends to increase crude oil prices.

Thu, 05 Dec 2019 09:57:16 GMT

Kering in exploratory talks over Moncler acquisition

Kering, the owner of Gucci and Balenciaga, conducted exploratory talks over a deal to acquire the Italian apparel company Moncler that has a market valuation of $10.80B, according to a Bloomberg report.

Thu, 05 Dec 2019 08:44:30 GMT

IKEA makes investment in US firm Optoro

The world's largest furniture group IKEA acquired a minority stake in the US logistics startup Optoro, seeking to improve the Scandinavian company's returns management.

Thu, 05 Dec 2019 08:32:03 GMT

GM, LG Chem to unveil EV battery JV

On Thursday, the South Korean group LG Chem and General Motors will announce their 50/50 joint venture to produce electric vehicle batteries with the facility expected to be located in Ohio.

Thu, 05 Dec 2019 06:18:44 GMT

Australian retail sales stall

According to data released on Thursday, the Australian retail sales stagnated in October, as resource exports declined at the start of the Q4.

Thu, 05 Dec 2019 05:01:39 GMT

iQiyi sees price hikes in China

Gong Yu, the founder and CEO of the Chinese video-streaming platform iQiyi, said that the company is laying the groundwork for price hikes of 10% to 20% in the Q2 of 2020 in China.

Thu, 05 Dec 2019 04:05:28 GMT

Trump expects to sign US-Japan trade proclamation

Robert Lighthizer, the US Trade Representative, said on Wednesday that the US President Donald Trump would sign the US-Japan trade deal proclamation next week.

Thu, 05 Dec 2019 02:59:51 GMT

Visco backs ESM reform

Ignazio Visco, the Governor of Italy's Central Bank, said on Wednesday that the European Stability Mechanism reform was a step in the right direction.

Wed, 04 Dec 2019 20:58:16 GMT

Japan's Astellas to acquire Audentes in $3.0B deal

Japan's Astellas Pharma will acquire the US drugmaker Audentes Therapeutics in a deal worth $3.0B, seeking to boost its growth in the genetic medicines area.

Wed, 04 Dec 2019 20:07:32 GMT

OPEC+ set to deepen oil trims amid Aramco IPO

OPEC is set to deepen oil trims, together with its allies, seeking to run the deal no later than June 2020 to deliver a positive result to the market ahead of the planned Saudi Aramco's IPO.

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