News

Sat, 06 Oct 2018 11:23:08 GMT

Amazon ties up with CargoX over logistics pilot project

Amazon.com has partnered with the Brazilian firm CargoX, backed by Goldman Sachs, over a logistics pilot project development, according to a Bloomberg report.

Sat, 06 Oct 2018 11:19:02 GMT

Aircraft manufacturer Zunum picks France's Safran engine turbines

The Boeing-backed electric aircraft start-up Zunum has selected France's Safran to use its engine turbines to power hybrid regional airplane's electric motor, seeking to bring it into service in four years.

Sat, 06 Oct 2018 10:38:48 GMT

South Korean LG Electronics Q3 profit likely rise 44% y/y

The South Korean tech giant LG Electronics reported its Q3 operating profit likely surged 44.4% from the same period last year, slightly missing analysts' estimates.

Sat, 06 Oct 2018 10:35:56 GMT

Barclay's customers unable to access mobile app amid IT glitch

On Friday, Barclays customers experienced the mobile banking app outage due to another IT glitch at the British bank in the last few weeks.

Sat, 06 Oct 2018 09:39:39 GMT

US head of Office of Personnel Management Jeff Pon quits

On Friday, the director of the US Office of Personnel Management Jeff Pon announced his resignation, making the US President Donald Trump to lose another top level official.

Sat, 06 Oct 2018 09:36:34 GMT

Italian watchdog launches inquiry into Luxottica's takeover of Barberini

Italy's antitrust regulator has launched an inquiry into Luxottica's takeover of Barberini, the top sun lens manufacturer, due to concerns the deal could hurt competition.

Sat, 06 Oct 2018 08:34:11 GMT

White House to revise safety rules that bar autonomous cars

Trump's Administration is planning to rewrite the safety rules that impede self-driving vehicles from the roads with no equipment such as pedals, mirrors and steering wheels, according to a document filing.

Sat, 06 Oct 2018 08:31:11 GMT

California's Bird launches e-scooters in Mexico City

California's scooter start-up Bird stated on Friday it had entered Latin America with a launch of the electric scooters in Mexico City, as the company sought to shake-up the urban transportation globally.

Sat, 06 Oct 2018 07:38:02 GMT

Thai Osotspa prices IPO at high end of proposed range

Osotspa, the century-old Thai energy drinks maker, has priced its IPO at the high-end of its initial price range, bringing the valuation of the company to $2.29B.

Sat, 06 Oct 2018 07:34:24 GMT

Juncker: EU may propose changes to Italy's budget if necessary

The EU Commission President Jean-Claude Juncker stated on Saturday that the bloc would not interfere in the budget planning of Italy; however, it could propose some changes if necessary.

Sat, 06 Oct 2018 06:39:56 GMT

Civitas Solutions considers potential sale

The home healthcare provider Civitas Solutions is thinking over a potential sale, according to sources.

Sat, 06 Oct 2018 06:38:23 GMT

Mediaset, F2i finalise EI Towers acquisition

The infrastructure fund F2i and Italy's broadcaster Mediaset have successfully completed their buyout of EI Towers, the Italian masts group.

Sat, 06 Oct 2018 05:39:47 GMT

Saudi Crown Prince: NEOM zone to be completed by 2025

On Friday, the Crown Prince of Saudi Arabia Mohammed bin Salman claimed that $500B special business zone NEOM will be fully completed by 2025.

Sat, 06 Oct 2018 05:36:49 GMT

US Pompeo arrives in Tokyo for negotiations

On Saturday, the US Secretary of State Mike Pompeo arrived in Tokyo for negotiations with the Prime Minister of Japan Shinzo Abe and other Asian leaders regarding the denuclearisation of North Korea.

Sat, 06 Oct 2018 02:55:37 GMT

Saudi's Crown Prince: country's wealth fund to surpass $600B by 2020

On Friday, the Crown Prince of Saudi Arabia Mohammed bin Salman claimed that the sovereign wealth fund of Saudi Arabia will surpass the $600B target by 2020.

Sat, 06 Oct 2018 02:50:13 GMT

Danske shares slide to 4-year low due to US criminal inquiry

On Friday, the market shares of Danish Danske Bank falled to the 4-year low after an inquiry of the US criminal authorities regarding money laundering in the Estonian branch of the bank.

Sat, 06 Oct 2018 02:38:40 GMT

US Pompeo: China is part of solution to North Korean crisis

On Friday, the US Secretary of State Mike Pompeo claimed that China is the part of the solution which would help to resolve North Korean crisis, underlining that trade tensions between the US and China would not harm talks with North Korea.

Sat, 06 Oct 2018 02:33:37 GMT

Danske Bank CFO: US authorities inquiry is different from ABLV case

On Friday, the Chief Financial Officer of Danske Bank Morten Mosegaard claimed that inquiry from the US authorities regarding money laundering in the bank differs from the Latvian ABLV bank case.

Fri, 05 Oct 2018 20:30:04 GMT

RBI keeps repo rate at 6.5%

The Reserve Bank of India, India's central banking institution, kept the repo rate unchanged at 6.5% on Friday.

Fri, 05 Oct 2018 20:27:30 GMT

Juncker wants to reach Brexit deal in November

The European Commission President Jean-Claude Juncker expects the European Council to make a significant progress on the Brexit deal in November.

Fri, 05 Oct 2018 19:57:19 GMT

Ethiopia to begin construction of industrial parks

Ethiopia plans to begin construction of three industrial parks located in the eastern part of the country in 2018, an Ethiopian official says.

Fri, 05 Oct 2018 19:56:22 GMT

France's trade gap widens to $6.44B

The French trade gap widened to $6.44B in August compared to $3.91B a month earlier as energy imports increased and exports of aerospace products declined, customs figures show.

Fri, 05 Oct 2018 19:33:31 GMT

German industrial orders increase in August

New orders in Germany's manufacturing sector increased by 2% in August compared to the previous month, the Federal Statistical Office Destatis reports.

Fri, 05 Oct 2018 19:32:41 GMT

ExxonMobil-Qatar Petroleum consortium to drill for natural gas in Cyprus

The ExxonMobil and Qatar Petroleum consortium to start drilling for natural gas in Cyprus' exclusive economic zone, the Energy Minister Yiorgos Lakkotrypis says.

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