News

Sat, 21 Jul 2018 07:07:14 GMT

Ferrari, Fiat boards to discuss appointment of new executive

The Automotive News reported on Saturday that Ferrari and Fiat boards will have a meeting devoted to search of replacement of the current CEO Sergio Marchionne.

Sat, 21 Jul 2018 07:07:06 GMT

Coinbase creates political action committee

One of the largest cryptocurrency exchange Coinbase announced on Friday creation of a political action committee (PAC) whose goal is to raise funds for the next American elections.

Sat, 21 Jul 2018 05:53:43 GMT

China's social e-commerce sector to reach $170B in 2018

China's social e-commerce sector will reach $170B in 2018, a 66.7% year-on-year increase, a report by the 2018 China Internet Conference shows.

Sat, 21 Jul 2018 05:52:55 GMT

Ukraine to receive $200M in military aid from Pentagon

The Pentagon plans to provide Ukraine with $200M in security assistance for additional training and equipment to counter Russia's influence in the region.

Sat, 21 Jul 2018 05:35:42 GMT

Investment in Chinese internet firms jumps in Q2

The Chinese internet sector received $27.6B in the second quarter of 2018, a 72.5% year-on-year increase, a report by China Academy of Information and Communications Technology shows.

Sat, 21 Jul 2018 05:35:06 GMT

Brazilia reduces growth estimate for 2018

The Brazilian government on Friday reduced its growth forecast to 1.6% from 2.5% and increased inflation estimate to 4.2% from 3.4% in 2018.

Fri, 20 Jul 2018 19:05:02 GMT

Republicans 2020 convention to hold in North Carolina

The Republican party voted on Friday to hold their 2020 presidential convention in Charlotte North Carolina.

Fri, 20 Jul 2018 19:04:44 GMT

Pompeo: Putin and Trump discuss Syria crises

Secretary of State Mike Pompeo sated on Friday that Russian President Vladimir Putin and US President Donald Trump discussed ending the crisis in Syria and find a way to return refugees who fled the country.

Fri, 20 Jul 2018 18:09:41 GMT

Honeywell searches supplier shift to escape tariff hit

Honeywell International Inc stated on Friday that it has begun to source some of its parts from different countries rather than China, to meet growing costs because of tariff war.

Fri, 20 Jul 2018 18:01:28 GMT

Pompeo says UN Security Council stands united on denuclearization of NK

US Secretary of State Mike Pompeo stated on Friday that the United Nation Security Council are united to seek for a final and verified denuclearization of North Korea.

Fri, 20 Jul 2018 17:26:48 GMT

Merkel promises to work on strain US relationship

Chancellor Angela Merkel promised to stay in office regardless of pressures at home and abroad, she also vowed to work on Germany's strained relationships with the United States.

Fri, 20 Jul 2018 17:22:30 GMT

NYT: Cohen tapes conversation with Trump about payment to Playboy model

On Friday, the New York Times reported that President's Donald Trump long-time lawyer Michael Cohen secretly taped a conversation with Donald Trump, regarding payments to a onetime Playboy model.

Fri, 20 Jul 2018 16:52:45 GMT

AT&T name three extra cities for 5G launch

AT&T announced that North Carolina, Charlotte and Raleigh, Oklahoma are three more cities, where the company planned to launch 5G network by the end of 2018.

Fri, 20 Jul 2018 16:51:53 GMT

Canadian retail sales rise 2.0% in June

Canada's retail sales grew 2.0% in the month of May, compared to an upwardly revised 0.9% fall in the prior month, the report by Statistics Canada revealed.

Fri, 20 Jul 2018 14:51:03 GMT

Canada's annual inflation rises 2.5% in June

Statistics Canada stated that the overall rate of inflation rose 2.5% in June, compared with the same period a year earlier, while analysts anticipated a 2.5% increase.

Fri, 20 Jul 2018 14:50:57 GMT

BoJ to discuss policy changes in June

The Bank of Japan was in active discussions ahead of this month's monetary policy decision, considering changes to stock-buying techniques and interest-rate targets.

Fri, 20 Jul 2018 14:03:18 GMT

Veon phases out management jobs amid restructuring

The mobile phone operator Veon is set to cut its management job positions amid the company's intention to simplify its structure and return to the traditional telecoms model.

Fri, 20 Jul 2018 13:52:58 GMT

General Electric tops profit forecasts, cuts cash flow target

General Electric, the US industrial conglomerate, posted a smaller-than-expected plunge in the Q1 profit this Friday, as renewable energy and weakness in power offset its aviation gains.

Fri, 20 Jul 2018 13:33:24 GMT

India's Wipro Q1 profit tops estimates

On Friday, India's Wipro topped the Q1 profit estimates boosted by the higher BFSI revenue.

Fri, 20 Jul 2018 13:28:59 GMT

DoorDash appoints Uber's Finance Chief as CFO

DoorDash, meal delivery service, hired Uber Technologies' Finance Director as the company's Chief Financial Officer, getting closer to the start-up's IPO.

Fri, 20 Jul 2018 12:15:58 GMT

US State Street to acquire investment group Charles River

On Friday, State Street, the US custodian bank, stated it would acquire the privately-controlled investment management company Charles River Development in a deal worth $2.6B in cash.

Fri, 20 Jul 2018 11:50:43 GMT

Airbus resumes efforts to sell PFW Aerospace

Airbus has renewed its attempts to launch a sale of the parts maker PFW Aerospace that it had acquired in 2011, seeking to avoid maker's insolvency.

Fri, 20 Jul 2018 11:37:02 GMT

Lufthansa remains interested in restructured carrier Alitalia

Lufthansa stated it is still interested in the restructured airline Alitalia and that it has not changed its position after Italy's call for a controlling stake in the carrier.

Fri, 20 Jul 2018 10:08:02 GMT

UK public deficit exceeds expectations in June

The Office for National Statistics reported on Friday that the UK public net borrowing was £4.2B month-on-month in June, thus missing analysts' expectations of £3.6B.

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