News

Tue, 18 Dec 2018 19:20:05 GMT

Germany tightens regulations to fend off takeovers by foreign firms

Germany lowered the threshold to launch stake purchases by non-EU entities' security probes to protect critical infrastructure, in a bid to fend off takeovers by China's investors.

Tue, 18 Dec 2018 18:25:06 GMT

EU backs China's e-bikes import duties

Governments of the EU voted to impose duties on China's electric bicycles to diminish cheap imports that benefited from unfair subsidies and flooded the market.

Tue, 18 Dec 2018 18:20:09 GMT

SpaceX to raise $500M

The rocket company of Elon Musk SpaceX is set to raise $500M at a $30.5B valuation, the WSJ reported, citing sources familiar with the matter.

Tue, 18 Dec 2018 17:24:40 GMT

Huawei to spend $2B in cybersecurity push

Huawei Technologies stated that it would spend $2B over the next 5-year period to focus on its cybersecurity, upgrading lab facilities and adding more people, in a bid to battle global concerns over risks associated with the network gear.

Tue, 18 Dec 2018 17:19:21 GMT

Ceconomy to present new CFO soon

Ceconomy, the largest consumer electronics retailer in Europe, is expected to present the company's new Chief Financial Officer, sources familiar with the matter stated.

Tue, 18 Dec 2018 16:20:36 GMT

US housing starts increase in November

The US homebuilding grew in November, supported by a surge in projects for multi-family housing, though single-family homes' construction dropped to the lowest level in more than a year, pointing to deepening weakness in the market.

Tue, 18 Dec 2018 16:14:55 GMT

Volkswagen to step up EV plans to meet CO2 targets of EU

Volkswagen may have to accelerate plans for electric cars' mass production, aiming to meet tougher-than-anticipated European targets to cut CO2 emissions from cars, its CEO stated.

Tue, 18 Dec 2018 14:01:24 GMT

Iran, Turkey and Russia hold talks on Syria

On Tuesday, the foreign ministers of Russia, Iran and Turkey conducted another rounds of talks this time trying to agree on composition of Syrian constitution body.

Tue, 18 Dec 2018 13:58:15 GMT

Putin presumes new members to INF Treaty

The President of Russia Vladimir Putin stated on Tuesday that nothing stops Russia from conducting negotiations with other states regarding their joining to the INF Treaty.

Tue, 18 Dec 2018 13:20:47 GMT

Survey registers constant deterioration of investors mood

According to report published by the Bank of America Merrill Lynch, more than half of surveyed investors said that temps of economic growth would slower next year.

Tue, 18 Dec 2018 13:08:53 GMT

Opposition calls Modi to help farmers

The head of Indian opposition Rahul Gandhi on Tuesday called the country's Prime Minister Narendra Modi to write off credits issued to local farmers.

Tue, 18 Dec 2018 12:02:15 GMT

China to remove eleven steel firms from list of qualified enterprise

The Chinese Industry Ministry stated that it is set to remove eleven steel companies from a qualified enterprises' list, banning them from operating, and ordered 17 more to rectify safety, environmental and other breaches.

Tue, 18 Dec 2018 11:58:21 GMT

Italy needs to cut €2.5B-€3B to clear budget for 2019 with EU

The European Commission requested Italy a further €2.5B-€3B euros in savings ahead of approving the country's budget for 2019, the report showed.

Tue, 18 Dec 2018 10:52:00 GMT

Japan's output gap negative in Q3

The Japanese output gap turned negative for the first time since 2016 in the Q3, suggesting that the Bank of Japan's 2% inflation goal is likely to become more distant amid waning price pressure.

Tue, 18 Dec 2018 10:51:49 GMT

Huawei announces increase in new contracts for 5G

Huawei Technologies stated that it secured more than 25 commercial deals for 5G network, slightly above the 22 contracts the technology giant announced last month.

Tue, 18 Dec 2018 10:14:53 GMT

China excludes 11 firms from qualified enterprise list

The China's Ministry of Industry and Information Technology on Tuesday decided to exclude 11 steel companies from qualified enterprise list and forbid them operating.

Tue, 18 Dec 2018 10:07:02 GMT

SAA signs deal with Emirates

On Tuesday, South African Airways (SAA) signed an agreement with Emirates to extend a current codeshare treaty, which should increase passenger flows.

Tue, 18 Dec 2018 09:22:54 GMT

British Brokenshire calls to prepare for no-deal Brexit

The UK Communities Secretary James Brokenshire stated on Tuesday that preparations for no-deal exit from the European Union was a rational decision even though the government did not wish such outcome.

Tue, 18 Dec 2018 09:18:11 GMT

China introduce new regulations for auto industry

On Tuesday, the China's National Development and Reform Commission (NDRC) approved a package of new stricter regulations covering investments in the country's auto industry.

Tue, 18 Dec 2018 08:34:24 GMT

Ola plans to invest $100m in Vogo

On Tuesday, Indian ride-hailing company Ola announced that it would invest $100 million in startup firm Vogo.

Tue, 18 Dec 2018 08:34:13 GMT

Asian share markets decline on Tuesday

On Tuesday, Asia shares edged lower, as concerns about sluggish global economy sent Wall Street shares sliding to its lowest level in over a year.

Tue, 18 Dec 2018 07:02:19 GMT

Japan urges G20 major economic to address global imbalances

On Tuesday, Japan urged the G20 leaders to settle trade war through a multilateral structure and try to fix persistent global imbalances.

Tue, 18 Dec 2018 07:01:04 GMT

US Dollar fragile ahead of Fed meeting

On Tuesday, the US Dollar was on edge in the Asian trading session, as the US Federal Reserve set to meet later this week to discuss whether to hike the interest rate.

Tue, 18 Dec 2018 05:56:28 GMT

South Korea will subsidize their auto suppliers

South Korea on Tuesday announced that the country will provide a $3.5 billion worth subsidy package for car part makers.

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