News

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Wed, 21 Aug 2019 06:37:59 GMT

Trump calls off Denmark visit amid rebuff over Greenland

The US President Donald Trump has cancelled his visit to Denmark planned for the beginning of September after the Danish Prime Minister Mette Frederiksen rebuffed the idea of buying Greenland.

Wed, 21 Aug 2019 05:01:43 GMT

Brent oil surges on Wednesday

Brent Crude, the international benchmark price for purchases of oil, was up $60 a barrel by 0136 GMT on Wednesday, as data showed a bigger-than-expected decline in the US crude inventories.

Wed, 21 Aug 2019 04:03:06 GMT

Estonia's Bolt launches food delivery service

On Wednesday, Bolt, which until early this year was called Taxify, a popular ride-hailing service in Africa and Eastern Europe has launched a food delivery business in Estonia.

Wed, 21 Aug 2019 03:08:28 GMT

Italy's PM Conte resigns

After a scorching attack on the coalition partner and the Italian Deputy PM Matteo Salvini, Italy's Prime Minister Giuseppe Conte has tendered his resignation.

Wed, 21 Aug 2019 01:45:11 GMT

EU rejects demand by UK's PM Johnson to reopen exit deal

The European Union rebuffed a demand on Tuesday from the UK Prime Minister Boris Johnson to change the Brexit divorce agreement.

Tue, 20 Aug 2019 20:00:17 GMT

Intel rolls out first AI chip Springhill

On Tuesday, Intel Corp has launched its first processor with the artificial intelligence chip Springhill aimed at large computing centres that will allow to cope with high workloads, but using minimal energy amounts.

Tue, 20 Aug 2019 18:50:24 GMT

Facebook to make "Off-Facebook Activity" available to users

On Tuesday, Facebook announced it was adjusting the policies to make "Off-Facebook Activity" available for its users, allowing people to see and control personal data shared within social network by other apps and websites to enhance targeted advertising.

Tue, 20 Aug 2019 18:18:10 GMT

Swiss watchdog calls for Facebook's Libra details by month-end

Switzerland's privacy regulator has required Facebook to provide more details on the Libra cryptocurrency by the current month's end, the agency's spokeswoman stated on Tuesday, after the tech giant's plans to launch Libra in 2020 raised concerns by central bankers, regulators and politicians.

Tue, 20 Aug 2019 16:45:29 GMT

Qualcomm ties up with LG on new licensing deal

Qualcomm has signed a five-year patent licensing deal to develop, produce and sell from 3G to 5G smartphones in cooperation with LG Electronics, the semiconductor and telecommunications equipment giant announced on Tuesday.

Tue, 20 Aug 2019 16:19:50 GMT

Mexico's Cemex launches shares buyback programme

On Tuesday, Cemex, the Mexican cement maker, announced it had launched a programme to buy back up to $500M in shares, after receiving approval from the company's shareholders earlier that year.

Tue, 20 Aug 2019 15:38:00 GMT

Cigna explores group benefits insurance unit's sale

Cigna, the US health insurer, is considering a sale of the group benefits insurance unit, which could be potentially valued at $6.0B, sources with a knowledge of a matter reported on Tuesday.

Tue, 20 Aug 2019 14:28:35 GMT

EU bloc rebuffs UK PM Johnson's demand to reopen Brexit

On Tuesday, the European Union has rebuffed the British Prime Minister Boris Johnson's bid to reopen the Brexit deal, as the UK failed to provide a realistic alternative to the agreed insurance policy regarding the Irish border.

Tue, 20 Aug 2019 13:31:09 GMT

Kohl's Q2 profit tops estimates, shares up

On Tuesday, Kohl's Corp, the department store operator, posted better-than-expected, sending its shares up almost 6% in premarket trade.

Tue, 20 Aug 2019 11:55:29 GMT

Elanco acquires Bayer's unit for $7.6B

On Tuesday, Elanco Animal Health has agreed to acquire Bayer's veterinary drugs unit in a cash-and-stock deal worth $7.6B, establishing the second biggest animal health business.

Tue, 20 Aug 2019 11:37:00 GMT

FTC says Facebook brands' merger may hamper its split

The FTC Chairman Joseph Simons stated that Facebook's plan to merge Instagram and WhatsApp could hamper any attempts to split the social media titan, according to the Financial Times.

Tue, 20 Aug 2019 10:05:20 GMT

China's Baidu tops earnings forecasts, shares soar

On Monday, Baidu, China's internet search giant, has topped quarterly earnings expectations, after adding more subscribers to the company's video streaming service, surging the shares 9% in after-hours trading.

Tue, 20 Aug 2019 08:13:20 GMT

WhatsApp plans to roll up mobile payments in Indonesia

Facebook's messaging service WhatsApp has entered talks with various Indonesian digital payment companies to offer mobile transaction services, as the messenger seeks to expand its footprint in the local fast-growing e-commerce sector.

Tue, 20 Aug 2019 06:54:33 GMT

French retailer Casino aims at further €2B of asset sales

France's supermarket retailer Casino is seeking a further €2.0B of asset sales, accelerating plans to trim debt and boost its financial performance.

Tue, 20 Aug 2019 06:38:56 GMT

Sony plans Insomniac Games acquisition

Sony Interactive Entertainment, the PlayStation console maker, announced it would acquire the privately owned "Spider-Man" developer Insomniac Games, as the Japanese company seeks to boost its game offerings amid the rival game streaming services launches from rival companies.

Tue, 20 Aug 2019 03:08:04 GMT

France's tax on digital services harms global reform

Major tech companies and the US tech industry group stated that France's new tax on digital services undermined the tax regime globally and efforts to reform it.

Tue, 20 Aug 2019 02:41:06 GMT

Gazprom, Equinor lose market share on LNG surge

Europe's two largest suppliers of pipeline gas, Russia's Gazprom and Norway's Equinor, lost market share at first in more than four years due to a tripling in LNG imports into the area over the past ten months.

Mon, 19 Aug 2019 19:55:01 GMT

US stocks surge on Monday

Wall Street's main indexes rallied on Monday, buoyed by signs that measures would be adopted to bolster slowing growth in major economies.

Mon, 19 Aug 2019 18:58:54 GMT

European shares edge higher on Monday

European shares extended its gains for a second consecutive trading session on Monday, fueled by signs that major economies would act to bolster slowing growth.

Mon, 19 Aug 2019 18:04:53 GMT

Top CEOs say firms should focus on social responsibilities

On Monday, a group of top corporate CEOs said that companies should put more effort into social responsibilities above profits.

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