News

Thu, 22 Nov 2018 21:07:10 GMT

Sports Direct boss urges lawmakers to support UK retail

Mike Ashley, the founder of Sports Direct, is set to use an appearance in front of lawmakers in December to request more assistance for the UK struggling retail sector.

Thu, 22 Nov 2018 21:03:55 GMT

WTO: G20 trade restrictions grow, cover $481B of trade

Countries belonging to the group of G20 applied 40 new trade limiting regulations between May and October, covering around $481B of trade, the WTO stated.

Thu, 22 Nov 2018 20:35:53 GMT

Mexico's inflation weaker than expected in November

Mexican consumer price growth cooled more than anticipated over the first half of November, the report from the national statistics agency revealed.

Thu, 22 Nov 2018 20:26:07 GMT

Greek CB plans to reduce bad loan burden of banks

The Central Bank of Greece unveiled a proposal, saying that it could remove bad loans from balance sheets of banks to a single-digit ratio in two or three years, aiming to beat a regulators' deadline.

Thu, 22 Nov 2018 19:33:34 GMT

Spain set to boost trade with China with Xi Jinping visit

China's President Xi Jinping is expected to travel to Spain next week for his official visit, which would to focus on tourism and trade.

Thu, 22 Nov 2018 19:29:18 GMT

UK, EU agree draft deal on further relations

The EU and Britain agreed a draft deal, setting out a relationship after Brexit, though wrangling with Spain on Gibraltar control must be settled before EU leaders' meeting on Sunday in order to rubber-stamp the pact.

Thu, 22 Nov 2018 18:00:10 GMT

Japan, France reaffirm backing for Nissan-Renault alliance

Bruno Le Maire, France's Economy Minister, and his Japan's counterpart Hiroshige Seko have reaffirmed this Thursday their backing for the Nissan-Renault alliance, after Nissan's Chairman Carlos Ghosn had been ousted earlier that day.

Thu, 22 Nov 2018 17:58:37 GMT

Lufthansa rejects report on CFO potential resignation

On Thursday, the German carrier Lufthansa has dismissed a report that Ulrik Svensson, its Chief Financial Officer, was set to step down, adding the company sought to extend the contract with him.

Thu, 22 Nov 2018 16:54:21 GMT

France, Germany to sign contract with plane makers for new fighter jet

France and Germany are set to close a deal with Dassault Aviation and Airbus to launch the development of the next-generation fighter jet scheduled for early 2019.

Thu, 22 Nov 2018 16:53:43 GMT

SpaceX's first flight to take place on January 7

According to NASA, SpaceX's crew rocket is set to conduct its first flight to the International Space Station on January 7, starting from the Kennedy Space Center located in Florida.

Thu, 22 Nov 2018 16:36:58 GMT

Shanghai RAAS seeks teaming up with Grifols' US division

The Chinese company Shanghai RAAS has entered talks with the Spanish blood products firm Grifols' US division, as it is planning to combine the two companies.

Thu, 22 Nov 2018 16:31:45 GMT

18 Saudi citizens hit by French sanctions over Khashoggi murder

On Thursday, France implemented travel bans and other sanctions on 18 of Saudi citizens related to the Jamal Khashoggi's killing, the French Foreign Ministry stated.

Thu, 22 Nov 2018 15:37:14 GMT

HNA's Dream Jet raises foreign governments' takeover interest

The Chinese group HNA's Dream Jet, which had been put up for a sale, raised interest from wealthy Middle East investors and foreign governments; however, the high price tag makes the company hard to sell.

Thu, 22 Nov 2018 15:21:02 GMT

Nissan board votes unanimously to oust Chairman Ghosn

Nissan Motor's board has voted unanimously on Thursday to oust the Chairman Carlos Ghosn, after he had been arrested due to allegations of financial misconduct.

Thu, 22 Nov 2018 14:38:06 GMT

Nokia restructures office, focusing on 5G market

Nokia's head of the mobile networks, Marc Rouanne, is set to resign from his position in the Finnish firm amid management restructuring with a focus on the 5G market and will be replaced by Tommi Uitto.

Thu, 22 Nov 2018 14:28:30 GMT

Bundeskartellamt views final decision on Facebook early next year

On Thursday, Germany's Bundeskartellamt, the federal cartel office, stated it was seeing a final decision on the Facebook EU probe in the early 2019.

Thu, 22 Nov 2018 13:33:51 GMT

Major Japan's wireless carriers to trim iPhone XR price

The top Japan's wireless carriers are set to reduce the price for Apple's iPhone XR smartphone as soon as the next week, according to a report by the Wall Street Journal published on Thursday.

Thu, 22 Nov 2018 13:28:34 GMT

Amazon resumes shopping on US website after backlash

On Thursday, Amazon.com has resumed its operations on the US website to the Australian shoppers after customers' backlash, the company announced.

Thu, 22 Nov 2018 10:54:46 GMT

Italian Prime Minister comments on budget talks

On Thursday, the Prime Minister of Italy Giuseppe Conte urged all involved parties to tone down the discussions about the Italian 2019 budget. Meanwhile, the European Commission has taken first disciplinary measures against the Italian government.

Thu, 22 Nov 2018 10:54:01 GMT

EU expects to close a Brexit deal on Sunday

It was reported on Thursday that the ambassadors of the European Union's 27 nations are working to reach a Brexit deal at the summit that is scheduled to occur on Sunday.

Thu, 22 Nov 2018 10:36:20 GMT

Turkey's Erdogan, Saudi Crown Prince likely to meet at G20 summit

Turkey's President Tayyip Erdogan is likely to meet Mohammed bin Salman, the Saudi Crown Prince, during their Argentina visit for the G20 meeting, according to Erdogan's spokesman.

Thu, 22 Nov 2018 10:30:18 GMT

Intu Properties extends deadline for suitors for takeover bid

The UK shopping centre Trafford Centre's owner Intu Properties stated on Thursday it had extended its deadline for suitors, including Whittaker's Peel Group, until November 30 to make the formal proposal for the company.

Thu, 22 Nov 2018 09:24:26 GMT

US chipmaker Nvidia to supply China EV firms with AI platform

The US chipmaker Nvidia has closed separate deals with the Chinese electric vehicle companies, SF motors, Xpeng Motors and Singulato Motors, to provide its AI platform Xavier to develop the self-driving technology.

Thu, 22 Nov 2018 09:19:19 GMT

VW, Broadcom close deal to end patent lawsuit

Germany's Volkswagen has closed a deal with the US semiconductor producer Broadcom, aiming to end a patent lawsuit worth billion-dollars, which pitted the automaker against its supplier.

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