News

Note: This section contains information in English only.
Mon, 01 Jul 2019 15:40:41 GMT

Electric car sales increase in Norway

Statistics published on Monday in Norway revealed that during the first half of 2019 nearly half of new automobiles sold were electric.

Mon, 01 Jul 2019 14:43:53 GMT

Hong Kong protestors storm legislature

On Monday, protesters in Hong Kong successfully stormed and smashed the cities legislature. As a response the government announced that it has stopped working on the bill that started the protests.

Mon, 01 Jul 2019 13:48:25 GMT

Careem halts Sudan operations amid Uber takeover deal

The Middle Eastern ride-hailing company Careem halted its Sudan operations due to its takeover deal with Uber, less than 12 months after the firm had launched its service in the country, the spokeswoman reported on Monday.

Mon, 01 Jul 2019 13:36:26 GMT

Genesee & Wyoming to be bought by GIC, Brookfield

On Monday, GIC, Singapore's sovereign wealth fund, and Brookfield Asset Management agreed to acquire Genesee & Wyoming, the US freight railroad owner, in a cash deal valued at $6.4B.

Mon, 01 Jul 2019 12:05:24 GMT

Applied Materials to acquire Kokusai Electric in $2.2B deal

On Monday, Applied Materials, the world's largest chipmaking equipment supplier, announced it would acquire Japan's Kokusai Electric in a $2.2B cash-deal from KKR & Co, the global investment firm.

Mon, 01 Jul 2019 11:32:18 GMT

Aston Martin's investor seeks 3% stake acquisition

The largest investor of Aston Martin is exploring to take another 3% stake, proposing to lift its holding after the luxury carmaker's shares plunged nearly 50% since its IPO nine months ago.

Mon, 01 Jul 2019 10:37:59 GMT

Taiwanese President heads to US this month

Taiwan's President Tsai Ing-wen is set to travel to the United States in July while meeting the Caribbean diplomatic allies, angering China that called on Washington not to let Tsai make a visit.

Mon, 01 Jul 2019 10:06:19 GMT

Safaricom CEO Passes away

On Monday, it was announced that the CEO of East Africa's most profitable firm Bob Collymore has passed away after a two year fight with cancer.

Mon, 01 Jul 2019 08:49:20 GMT

China's AIIB plans to finance infrastructure projects

The Asian Infrastructure Investment Bank is eyeing $10-$12B annually in project financing over the following years, seeking to keep a prudent approach in such investments, Joachim von Amsberg, the lender's policy and strategy vice president stated.

Mon, 01 Jul 2019 08:23:17 GMT

EU shares reach two-month high on US-China revived talks

On Monday, the EU shares rose 1.3%, hitting their two-month high after the United States and China eased their trade tensions by resuming the talks over the weekend.

Mon, 01 Jul 2019 06:53:59 GMT

Facebook to ban ads discouraging people from voting

Facebook is set to ban all ads on its social media platform, which call on people not to participate in the 2020 US Presidential election, according to the company's Civil Rights Audit posted on Sunday.

Mon, 01 Jul 2019 06:19:50 GMT

Italy's UniCredit to adhere to its organic growth

Italy's largest lender UniCredit is planning to adhere to organic growth following the bank's new business plan as EU mergers were difficult, its CEO Jean Pierre Mustier stated on Monday.

Mon, 01 Jul 2019 04:44:09 GMT

Yuan gains value on fundamentals

On Monday, the Chinese Yuan surged against its peer currencies, as the US and China agreed to restart trade talks.

Mon, 01 Jul 2019 04:34:12 GMT

Yen declines on Monday

During Monday's Asian trading session, the Japanese Yen declined in value against the USD, as risk appetite increased with the start of a new week.

Mon, 01 Jul 2019 02:50:16 GMT

Ireland's factory activity declines in June

Irish factory activity contracted for the first time since 2013 in June, with AIB report showing manufacturing PMI slipping to 49.8 in June from 50.4 in the prior month, as an uncertainty over Brexit and slowdown in global trade caught up with economy.

Mon, 01 Jul 2019 02:33:09 GMT

China's factory activity shrinks expectedly

The Caixin/Markit Manufacturing PMI was reported at 49.4 in June, the worst figure since January and below economists' expectations, suggesting a decline in factory activity, as export and domestic demand faltered amid the Sino-US trade war.

Sun, 30 Jun 2019 19:50:42 GMT

DP World to buy Topaz Energy

DP World was in negotiations to acquire oil services firm Topaz Energy and Marine in a $1.3B worth deal, the port operator stated on Sunday.

Sun, 30 Jun 2019 19:07:11 GMT

Jaguar to build EV at British factory

The UK biggest vehicle maker Jaguar Land Rover is anticipated to announce its plans next week to build electric vehicles at the company's English Castle Bromwich plant, the Sunday Times reported.

Sun, 30 Jun 2019 18:19:16 GMT

Oil output cuts weigh on Saudis' growth in Q1

Saudi Arabian economic expansion more than halved quarter-on-quarter to 1.66% in the first quarter of 2019, in line with forecasts of only modest increase, as oil production cuts affect the world's top crude exporter's economy.

Sun, 30 Jun 2019 17:16:34 GMT

France expects deficit to reach 2.1%

France anticipated the country's public sector deficit to be at 2.1% of the output in 2020, up from the forecast of 2.0% prior to tax cuts pledged in response to protest movements, a government budget projection revealed on Sunday.

Sun, 30 Jun 2019 13:42:32 GMT

China factory activity shrinks in June

China's factory activity contracted in June, compared to the same month the previous year, as US trade tariffs put pressure on the world's second largest economy, the official Purchasing Managers' Index shows.

Sun, 30 Jun 2019 13:00:12 GMT

Trump to meet Kim on DMZ

The US President Donald Trump and the North Korean leader Kim Jong Un plan to meet at the Demilitarised Zone between South and North Koreas on Sunday, the South Korean President Moon Jae-in says.

Sun, 30 Jun 2019 11:04:01 GMT

Trump: defence treaty with Japan unfair

A decades-old defence treaty between the US and Japan must be changed as it is unfair, the US President Donald Trump says at a meeting with the Japanese Prime Minister Shinzo Abe.

Sun, 30 Jun 2019 10:11:54 GMT

Putin: Russia wants better relations with US

Russia wants to improve relations with the US after years of conflicts over Ukraine and suggestions of Russian interference in the US elections, the Russian President Vladimir Putin says.

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