News

Sat, 28 Nov 2020 06:09:20 GMT

EU clears SFR FTTH takeover of Covage

On Friday, the European Commission announced that it had approved SFR FTTH acquisition of the French fibre optics firm Covage.

Sat, 28 Nov 2020 05:15:14 GMT

UK, EU say substantial differences remain

On Friday, the United Kingdom and the European Union said that there were still big differences on a post-Brexit trade agreement.

Sat, 28 Nov 2020 04:05:30 GMT

UK rejects EU's fish offer

According to The Sun newspaper, the UK is not accepting an offer from the EU negotiator Michel Barnier that 15%-18% of the amount of fish quota the EU fleets catch in British waters be restored in Britain.

Sat, 28 Nov 2020 03:05:57 GMT

Brazil's unemployment rate hits new high

According to data from the statistics agency IBGE, the unemployment rate in Brazil rose to 14.6%, the highest since IBGE's series began in 2012.

Fri, 27 Nov 2020 20:42:54 GMT

Saudi Arabia banned meat imports from Tukey

According to the Turkish exporters' union, Saudi Arabia has officially banned the imports of meat, milk, eggs, honey and fish from Turkey as of November 15.

Fri, 27 Nov 2020 20:06:58 GMT

Loan defaults in Brazil decline to record low

As reported by the Brazilian Central Bank on Friday, the default ratio for households and businesses in Brazil fell to 3.1% in October, the lowest since the bank's data series began in 2011.

Fri, 27 Nov 2020 18:57:50 GMT

Nasdaq Composite hits record level

On Friday, the Nasdaq Composite Index surged to a record high, as investors bet on a revival in business activity in 2021.

Fri, 27 Nov 2020 18:00:54 GMT

Wall Street's main indexes edge higher

US stock indexes opened higher on Friday, the Dow Jones Industrial Average surged by 0.44% at 9:40 a.m. ET, while the S&P 500 rose by 12.86 points or 0.35%.

Fri, 27 Nov 2020 17:01:07 GMT

Crude oil prices remain stable

Crude oil prices remained stable on Friday. Brent crude futures rose by 30 cents to $48.10 a barrel by 11:04 a.m. EST, while the US West Texas Intermediate crude futures fell by 31 cents to $45.40.

Fri, 27 Nov 2020 16:07:27 GMT

Germany to expand COVID-19 aid for companies

Germany's Finance and Economy Ministries announced on Friday that the German government would expand COVID-19 financial relief package for companies.

Fri, 27 Nov 2020 15:09:16 GMT

Deutsche Bank expects trade finance to rebound

Deutsche Bank is anticipating trade finance to rebound to pre-coronavirus levels by the mid-2021, bank's executive stated on Friday.

Fri, 27 Nov 2020 14:35:27 GMT

Commerzbank names new board member

On Friday, Commerzbank has appointed a new member of the board to oversee its corporate business, following the resignation of his predecessor due to differences over the lender's future.

Fri, 27 Nov 2020 13:04:20 GMT

NHTSA launches probe into 115K Tesla cars

On Friday, the US NHTSA has launched an official probe into around 115K Tesla vehicles regarding the suspension safety issues.

Fri, 27 Nov 2020 12:12:04 GMT

VW plans small EVs for masses

Volkswagen is planning to develop a small electric vehicle for the mass market, expecting tougher climate regulations, as the carmaker seeks to bolster its sales in a green era.

Fri, 27 Nov 2020 10:59:15 GMT

Stocks remain near high levels

During Friday's European trading hours, global stock indices remained near record high levels due to low liquidity, as the US retail and institutional trades were still celebrating Thanksgiving,

Fri, 27 Nov 2020 09:45:59 GMT

UK to curb tech giants with new competition rules

Britain is set to impose tougher competition rules in 2021 to prevent Facebook and Google from using their dominance that pushes out smaller companies and disadvantage consumers.

Fri, 27 Nov 2020 08:52:00 GMT

China's November factory activity likely expanded

China's factory growth likely edged up at a faster pace this month on a steady recovery of the world's second-biggest economy from the coronavirus pandemic, according to a Reuters poll.

Fri, 27 Nov 2020 08:03:10 GMT

AstraZeneca sees new global trial of vaccine

AstraZeneca's CEO stated he was expecting to run another global trial of the COVID-19 vaccine with a lower dosage, following questions on the late-stage study's results.

Fri, 27 Nov 2020 07:11:10 GMT

Volvo Cars to end dealer accords with Bilia

Volvo Cars has terminated its dealer accords with Bilia, the car dealership chain, in Norway and Sweden, covering both Bilia's car services and sales business for Volvo vehicles.

Fri, 27 Nov 2020 05:57:54 GMT

EU Web Summit to return in-person next

The Web Summit, Europe's largest technology conference, is set to return as the massive in-person event to Lisbon in 2021, following the coronavirus pandemic that forced the event to go fully online.

Fri, 27 Nov 2020 05:15:56 GMT

LG to divide affiliates into new conglomerate

South Korea's LG announced it would separate five of its affiliates into a new conglomerate in 2021 on the back of the company's restructuring plans.

Fri, 27 Nov 2020 04:03:43 GMT

Exxon, Total plan LNG deal

ExxonMobil has entered negotiations with Total about their Mozambique LNG resource-sharing deal, Reuters reported.

Thu, 26 Nov 2020 22:08:01 GMT

Amazon's German workers to launch strike

Workers at seven Amazon warehouses in Germany are planning to launch a three-day strike, which coincides with "Black Friday" on November 27.

Thu, 26 Nov 2020 20:42:48 GMT

Global shares hold near record highs

On Thursday, world stocks held close to record highs on recent hopes, as hopes for further economic stimulus, vaccine progress and Joe Biden's victory in the US election kept market bullish.

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