News

Note: This section contains information in English only.
Thu, 18 Apr 2019 07:27:18 GMT

US imposes new sanctions against Cuba and Venezuela

President Donald Trump's administration imposed new sanctions against Venezuela and Cuba, as the US increased pressure on Nicolas Maduro's government.

Thu, 18 Apr 2019 07:26:20 GMT

Russia considers new US sanctions against Cuba and Venezuela illegal

On Thursday, Sergei Ryabkov, the Russian Deputy Foreign Minister, said that Moscow would help Cuba and Venezuela overcome the new US sanctions.

Thu, 18 Apr 2019 02:33:53 GMT

Aeva inks sensor deal with Audi

Aeva Inc, the startup founded by former Apple engineers Mina Rezk and Soroush Salehian, signed a sensor deal with Audi's unit, which was working over self-driving technology for Volkswagen.

Thu, 18 Apr 2019 02:30:11 GMT

Vales, Continental antitrust action ovver Nokia

Germany's car parts maker Continental and France's rival Valeo joined Bury Techologies and Daimler to seek the EU antitrust investigation over Nokia's patent licensing practices, the Finnish tech company stated.

Wed, 17 Apr 2019 19:42:57 GMT

Ford expects profit increases

Ford Motor Company announced on Wednesday that the company expects a one billion USD profit increase due to a production shift in Michigan.

Wed, 17 Apr 2019 19:42:49 GMT

USD weakens after Chinese data

On Wednesday, the US Dollar lost value against peer currencies. Financial media attributed the event to good Chinese growth data that signalled that global currencies will be traded in for the Yuan.

Wed, 17 Apr 2019 19:14:52 GMT

Uber closes in on self-driving investment

Uber Technologies announced on Wednesday that they are close to finishing a deal with investors that would finance self-driving Uber cars.

Wed, 17 Apr 2019 19:14:11 GMT

EU Parliament fines internet firms

On Wednesday, the Parliament of the EU fined Twitter, Facebook and Google up to four percent of their turnover for failing to remove extremist content from their social media platforms.

Wed, 17 Apr 2019 17:52:31 GMT

EU ends Danske Bank investigation

European Union's banking regulators announced on Wednesday that they have ended their investigation of money laundering activities done by Danske Bank. The results have been submitted to the European Commission, which will act further.

Wed, 17 Apr 2019 17:51:20 GMT

Apple is in talks with suppliers

On Wednesday, it was revealed by Apple Inc that the company has held talks with four suppliers that could supply next generation self-driving auto lidar sensors. The reveal signalled that Apple continues to develop autonomous car technology.

Wed, 17 Apr 2019 17:22:21 GMT

FCC chairman opposes China Mobile

The Chairman of the United States Federal Communications Commission Ajit Pai announced on Wednesday that he is opposing China Mobile's entrance into the US market.

Wed, 17 Apr 2019 17:21:54 GMT

Wall Street drops on open

On Wednesday, US stock markets started the day's trading session with a decline. The decline was attributed to a decline in healthcare stocks.

Wed, 17 Apr 2019 15:50:21 GMT

Nissan's Infiniti to roll out first EV in three years

Nissan Motor's premium brand Infiniti is preparing to launch its first electric vehicle in three years, which is set to be a sport sedan, the carmaker's chairman Christian Meunier announced in a statement on Wednesday.

Wed, 17 Apr 2019 15:50:12 GMT

Bizzabo attracts $27B in private funding

On Wednesday, the US-Israeli event software maker Bizzabo stated it had raised $27.0B in its round of funding conducted by Viola Growth, bringing its total fundraising to $56M.

Wed, 17 Apr 2019 14:51:04 GMT

ABB head resigns abruptly on Wednesday

ABB CEO Ulrich Spiesshofer has stepped down abruptly from the Swiss industrial company amid shareholders' and the board's plans for an accelerated turnaround of the group.

Wed, 17 Apr 2019 14:50:51 GMT

Caixa has plans for stake sale in Petrobras

Caixa Econômica Federal is planning a sale of its stake in the Brazilian state-run oil company Petroleo Brasileiro, hiring Morgan Stanley and Bank of America as advisers to a potential deal.

Wed, 17 Apr 2019 14:38:09 GMT

PepsiCo Q1 results top analysts' estimates

On Wednesday, PepsiCo reported its Q1 profit and sales above estimates, bolstered by a higher demand for its beverages and snacks, sending the company's shares up 2%.

Wed, 17 Apr 2019 13:17:28 GMT

China auto market to resume growth this year

China's auto market is set to return to growth this year's second half due to government's support after the automotive sales declined last year on slowing economy and trade dispute with the US.

Wed, 17 Apr 2019 13:08:26 GMT

Switzerland to build 5G risk monitoring system

Switzerland will launch a monitoring system designed to assuage any concerns over potential health risk posed by the 5G mobile frequency emissions, the government announced on Wednesday.

Wed, 17 Apr 2019 12:39:23 GMT

Morgan Stanley posts better-than-expected Q1 profit

Morgan Stanley reported its Q1 profit topped analysts' forecasts on Wednesday due to the wealth management business gains and lower expenses, taking the company's shares up 3%.

Wed, 17 Apr 2019 12:34:19 GMT

Reliance Industries considers UK Hamleys takeover

Reliance Industries has entered talks to acquire the British toymaker Hamleys, seeking to expand its footholds in the consumer sector, the Moneycontrol news outlet reported on Wednesday.

Wed, 17 Apr 2019 11:38:39 GMT

Deutsche Bahn backs Arriva sale to cut debt

Germany's Deutsche Bahn, the indebted railway operator, has favoured a sale, partial or complete, of its UK subsidiary, Arrive with the intention to trim its debt, according to Reuters.

Wed, 17 Apr 2019 11:35:38 GMT

Aramco set to take Shell's stake in SASREF

Saudi Aramco is planning to acquire Royal Dutch Shell's 50% stake in SASREF, the Saudi refining joint venture, sources reported on Wednesday, claiming the agreement between two companies has been already reached.

Wed, 17 Apr 2019 10:07:20 GMT

Oil reaches 2019 high level

Crude oil price benchmarks reached 2019 high levels on Wednesday. The prices were expected to continue to gain, as various aspects decreased the global output.

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