News

Mon, 29 Oct 2018 17:11:47 GMT

Britain plans to impose Digital Service Tax

On Monday, the UK Finance Minister Philip Hammond said that Britain plans to tax the revenues of online platforms like Amazon, Facebook and Google to create a fair tax system.

Mon, 29 Oct 2018 16:36:44 GMT

Danske Bank says whistle-blower can speak to European Parliament

Danske Bank has freed a whistle-blower, who helped to reveal a significant money laundering scandal at its bank from confidentiality obligations, and can testify to the European Parliament.

Mon, 29 Oct 2018 16:31:50 GMT

Al-Falih says Iran's oil exports is difficult to track

The Saudi Arabian Energy Minister Khalid al-Falih said on Monday that it would be difficult to track how much oil Iran will be able to export after the US sanctions kick in on November 4.

Mon, 29 Oct 2018 15:38:06 GMT

TowerJazz views Q4 revenue missing estimates

TowerJazz is expecting its Q4 revenue to miss the forecasts, following the preceding three-month fall, Israel's chipmaker announced on Monday.

Mon, 29 Oct 2018 15:35:35 GMT

Russia's Yandex reports fastest growth since 2012

The Russian search engine Yandex reported on Monday the fastest growth in the last six years since 2012, as the group lifted its 2018 revenue estimates, increasing its share price by nearly 8%.

Mon, 29 Oct 2018 14:39:29 GMT

EasyJet shows progress with electric passenger jets plan

The British airline EayJet is making the progress with its plan to build the electric passenger aircraft for some of the carrier's routes by 2027, the company stated on Monday.

Mon, 29 Oct 2018 14:35:27 GMT

US car sales seen falling slightly in October

The US October car sales are likely down from the previous year, as the replacement demand after Irma and Harvey hurricanes had boosted the business, LMC Automotive and J.D. Power reported on Monday.

Mon, 29 Oct 2018 13:37:26 GMT

Qualcomm-backed OnePlus enters US market

China's smartphone maker OnePlus is set to enter the American market this Monday in the country with the help of its two major allies: mobile operator T-Mobile and chipmaking titan Qualcomm.

Mon, 29 Oct 2018 13:33:14 GMT

Booking invests $200M into Southeast Asia's Grab

Booking Holdings, the US travel firm, has made an investment of $200M in the Southeast Asian ride-sharing company Grab on the back of their established strategic partnership.

Mon, 29 Oct 2018 11:49:52 GMT

Chinese citizens buy up Greek homes

In Greece foreign investment in real estate has surged by 91% last year, compared to 2016. The main reason for the surge are Chinese citizens buying up property in the country.

Mon, 29 Oct 2018 11:47:24 GMT

Merkel will leave CDU leadership

On Monday, Chancellor Angela Merkel announced that she will not seek re-election as the head of the CDU party.

Mon, 29 Oct 2018 10:59:02 GMT

Zoom Video Communications prepares to launch IPO

The video conferencing firm Zoom Video Communications is getting ready to launch its initial public offering, seeking to get valued at more than $1.0B valuation.

Mon, 29 Oct 2018 10:39:25 GMT

Bitsamp gets acquired by Belgium's NXMH

The Belgian investment company NXMH has bought Bitstamp, a digital currency exchange, the CEO Nejc Kodrič announced on Monday, valuing the European firm at about $60M.

Mon, 29 Oct 2018 10:12:09 GMT

Germany's ProSieben acquires US online dating site eharmony

On Monday, the German firm ProSiebenSat. 1 Media stated it had acquired the American sating site eharmony, in its first major deal since it clinched a new e-commerce JV with General Atlantics.

Mon, 29 Oct 2018 10:02:32 GMT

ACS, Atlantia finalise €16.5M Abertis takeover

Spain ACS and Italy's Atlantia have finalised their joined takeover of the Spanish firm Abertis in a €16.5M deal that forms the largest toll-road group in the world.

Mon, 29 Oct 2018 08:32:44 GMT

EQT makes $654M cash deal for Swedish Karo Pharma

On Monday, the private equity group EQT has launched a $654M cash offer to acquire Sweden's specialty pharma comany Karo Pharma.

Mon, 29 Oct 2018 08:28:47 GMT

Hitachi to acquire Ansaldo STS stake held by Elliott

Hitachi has clinched a deal to acquire Elliott's stake in Italy's Ansaldo STS and isplanning to make a tender bid for the Italian rail-signaling firm's all shares, the company announced on Monday.

Mon, 29 Oct 2018 07:32:41 GMT

Japan's Sompo plans investments into Israeli start-ups

On Sunday, the Japanese firm Sompo stated it would invest into Israeli technology start-ups by launching an innovation lab, not disclosing any financial details on the planned deals.

Mon, 29 Oct 2018 07:22:06 GMT

Deutsche Bank halts Mexican asset sale deal to local bank

Deutsche Bank has halted the deal of selling its Mexican unit's assets to Accendo Banco, not providing any further details on the situation.

Mon, 29 Oct 2018 06:38:48 GMT

China's Byton plans listing to fund expansion

Automobilwoche reported on Sunday that the CEO of China's electric vehicle maker Byton, Carsten Breitfeld, was planning an initial public offering, as it sought to fund expansion.

Sun, 28 Oct 2018 21:49:26 GMT

Italian politicians stop Muslims from buying a chapel

Italian far right League has blocked the purchase and conversion of a chapel into a mosque by a Muslim association.

Sun, 28 Oct 2018 20:34:52 GMT

Georgian election results come in

On Sunday, as the voting in the Georgian Presidential election ended. Salome Zurabishvili appeared to have one, in accordance with preliminary results.

Sun, 28 Oct 2018 20:25:53 GMT

Austrian Finance Minister comments on Italy

The Finance Minister of Austria on Sunday announced that the Greek debt crisis will not repeat in Italy.

Sun, 28 Oct 2018 20:25:07 GMT

German SPD set an ultimatum

In the aftermath of the blow suffered in the Hesse region's election the German SPD party sent an ultimatum to Chancellor Merkel to reach more policy results.

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