News

Note: This section contains information in English only.
Mon, 25 Mar 2019 13:20:05 GMT

Nike hit by €12.5M fine over soccer merchandise sales

On Monday, Nike, the US sportswear maker, has been fined €12.5M for blocking the soccer merchandise cross-border sales of the FC Barcelona, Juventus, Manchester United, etc., within the period of 2004-2017.

Mon, 25 Mar 2019 12:11:28 GMT

UK pensions ministers says May should not quit

Amber Rudd, the British Pensions Minister, stated on Monday that Theresa May should not step down as the Prime Minister on the back of criticism faced by her Conservative Party over the Brexit deal.

Mon, 25 Mar 2019 12:00:51 GMT

Ethiopian Airlines head pledges to find crash reason

Ethiopian Airlines CEO Tewolde Gebremariam has pledged on Monday to figure out the reason for the flight 320 crash, as the airline is set to work closely to the local and the United States investigators.

Mon, 25 Mar 2019 10:39:04 GMT

French EU minister to step down for Macron's campaign

The French EU Affairs Minister Nathalie Loiseau is planning to step down later on Monday, as she is set to lead the European Parliament election campaign of the country's President Emmanuel Macron.

Mon, 25 Mar 2019 10:36:16 GMT

Ethiopian Airlines not set to attend Boeing meeting

Ethiopian Airlines stated on Monday it had no immediate plans to attend the Boeing meeting held in the United States over its software update, which was the focus of an inquiry into two fatal crashes.

Mon, 25 Mar 2019 09:32:43 GMT

New Zealand PM to meet China's President Xi

On Monday, Jacinda Ardern, the New Zealand Prime Minister, stated she would head to China for the meeting with the Asian country's President Xi Jinping scheduled for the end of this week, on the back of the strained relation concerns between two countries.

Mon, 25 Mar 2019 09:20:55 GMT

Naspers plans e-commerce venture flotation

South Africa's Naspers is planning the Euronext stock exchange flotation of its e-commerce ventures in Amsterdam, it announced on Monday, as the company seeks to address a great discount in shares.

Mon, 25 Mar 2019 08:37:45 GMT

Sports Direct against any no-equity plan by Debenhams

Sports Direct, the British sport department store group, stated that any restructuring option proposed by Debenhams that could wipe out the equity value for the sportswear firm's shareholders would be opposed and unapproved.

Mon, 25 Mar 2019 08:33:36 GMT

PE-led consortium acquires Inmarsat in $3.4B deal

On Monday, the private equity-led consortium that includes CPPIB, Warburg Pincus and Apax Partners, agreed to acquire the British satellite company Inmarsat in a cash-deal worth about $3.4B.

Mon, 25 Mar 2019 07:32:55 GMT

Seznam calls Google for more details on Android deal

Seznam, the Czech search engine, called on Google to provide it with more details on the plan to bolster the rival search apps through Android smartphones, claiming it kept losing users amid Google's anti-competitive practices.

Mon, 25 Mar 2019 07:29:02 GMT

India's state open for negotiations with Ola over ban

India's state of Karnataka stated it was open to discuss ban issue with the Uber ride-hailing services rival Ola, which avoidance could help the firm build market share.

Mon, 25 Mar 2019 06:04:27 GMT

Telecom vendor Avaya explores leveraged buyout

Avaya Holdings, the telecommunications software and equipment provider, is exploring a leveraged buyout proposal made by a private equity group that values the company at over $5.0B., including debt, according to sources familiar with the situation.

Mon, 25 Mar 2019 05:59:20 GMT

American Airlines extends flight cancellations

On Sunday, American Airlines stated it would extend its flight cancellations through April 24 due to the Boeing 737 MAX grounding, following two fatal crashes in the last six months, adding it would also trim some additional flights.

Mon, 25 Mar 2019 05:38:27 GMT

Pinterest files for NYSE IPO

The image sharing website Pinterest filed for an initial public offering on the New York Stock Exchange, the next day after Levi Strauss & Co debut, as the company seeks to to tap into the market for some new stock offerings.

Mon, 25 Mar 2019 05:35:13 GMT

Thermo Fisher to buy Brammer Bio for $1.7B

The world's biggest producer of scientific instruments, Thermo Fisher Scientific, announced on Sunday it would acquire Brammer Bio, the viral vector manufacturer for cell and gene therapies, in a cash-deal valued at $1.7B.

Mon, 25 Mar 2019 03:38:38 GMT

UK financial sector's outlook gloomiest since 2008

Optimism over the business outlook among the UK financial services firms fell at the fastest rate since the financial crisis in 2008 due to concerns about Britain's quit from the EU, a survey revealed. \

Mon, 25 Mar 2019 03:35:51 GMT

China to reduce direct intervention in vast industrial sector

China announced its intention to reduce the micro management and direct intervention of the government in the country's vast industrial sector, the Industry Minister stated.

Sun, 24 Mar 2019 20:50:27 GMT

Erdogan: Turkey to take Golan Heights issue to UN

Turkey plans to take the Golan Heights issue to the United Nations after the US President Donald Trump recognized Israeli sovereignty over the territory.

Sun, 24 Mar 2019 20:49:37 GMT

Erdogan: Turkey to purchase Russian S-400

Turkey plans to purchase Russian S-400 missile systems no matter what US actions are, the President Tayyip Erdogan says.

Sun, 24 Mar 2019 20:35:46 GMT

Egypt to improve ties with Iraq

The Egyptian President Abdel-Fattah al-Sisi and the Iraqi Prime Minister Adel Abdul Mahdi agreed to improve bilateral ties at a meeting in Cairo.

Sun, 24 Mar 2019 20:34:58 GMT

Canada to provide $2.6M to Southern Africa

Canada will provide $2.6M in assistance to three southern African countries Malawi, Mozambique and Zimbabwe hit by the Tropical Cyclone Idai.

Sun, 24 Mar 2019 19:28:51 GMT

Netanyahu to meet Trump

Israel's Prime Minister Benjamin Netanyahu will meet with the US President Donald Trump on Monday to discuss developments in the Middle East region.

Sun, 24 Mar 2019 19:28:23 GMT

Logistics sector in China expands

The Chinese logistics sector expanded 6.4% to $42.3T in 2018, compared to 2017, the China Federation of Logistics and Purchasing reports.

Sun, 24 Mar 2019 17:53:48 GMT

China, Uruguay agree to improve ties

The Chinese Vice Premier Hu Chunhua and the Uruguayan Vice President Lucia Topolansky agreed to further deepen cooperation and improve bilateral ties.

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