News

Mon, 23 Nov 2020 07:51:42 GMT

Deutsche Bahn, Siemens develop hydrogen trains

Deutsche Bahn and Siemens Mobility are developing hydrogen fuel cell trains, planning to launch their trials in 2024 with intention to replace diesel engines on Germany's rail networks.

Mon, 23 Nov 2020 07:37:37 GMT

Blackstone seeks $5B for Asia buyout fund

Blackstone Group is seeking to attract at least $5B for the second Asia buyout fund, according to Bloomberg News report seen on Sunday.

Mon, 23 Nov 2020 05:59:45 GMT

Russia prepares to work with any US leader

On Sunday, the Russian President Vladimir Putin stated that he was prepared to work with any leader of the United States.

Mon, 23 Nov 2020 05:02:41 GMT

Syria names Mekdad as new FM

On Sunday, the Syrian President Bashar al-Assad appointed Faisal Mekdad as Syria's Foreign Minister, the presidency announced in a statement.

Mon, 23 Nov 2020 04:00:40 GMT

Germany eyes 160B euros in new debt

According to sources with knowledge of the matter, Germany's Finance Minister Olaf Scholz intends to borrow 160B euros in new debt next year.

Mon, 23 Nov 2020 02:31:36 GMT

UK's Sunak says no return to austerity

Britain's Chancellor of the Exchequer Rishi Sunak said on Sunday that the United Kingdom would not return to austerity.

Sun, 22 Nov 2020 21:00:47 GMT

China Li Keqiang tells governments to create jobs

The Chinese Premier Li Keqiang told local authorities to create more jobs, expand effective investment and spur consumption, the China National Radio reports.

Sun, 22 Nov 2020 20:14:24 GMT

China Sinotruk launches $2.3B plant

Sinotruk, or the China National Heavy Duty Truck Group, has put into operation a $2.3B plant to produce up to 100,000 trucks annually.

Sun, 22 Nov 2020 19:00:49 GMT

Germany to raise $190B in debt in 2021

Germany plans to raise $190B in new debt the next year to offset the economic impact of the pandemic, the German Finance Minister Olaf Scholz says.

Sun, 22 Nov 2020 17:52:24 GMT

Canada retail sales rise in September

Retail sales in Canada increased for the fifth consecutive month by 1.1% to $41B in September, data published by the Statistics Canada show.

Sun, 22 Nov 2020 16:51:38 GMT

Laos trade deficit reaches $34M in October

Laos recorded a trade deficit of around $34M in October 2020, data published by the Ministry of Industry and Commerce show.

Sun, 22 Nov 2020 16:05:03 GMT

Moody's, Fitch downgrade South Africa

Credit rating agencies Moody's and Fitch have both downgraded the credit rating of South Africa to a junk status with the negative outlook.

Sun, 22 Nov 2020 14:56:32 GMT

Morocco air traffic contracts 70.79%

Around 6.1M passengers travelled through airports in Morocco in the first 10 months of 2020, a decline of 70.79% compared to the same period in 2019, the Moroccan Airports Authority reports.

Sun, 22 Nov 2020 13:53:46 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Shuhua Sports, Chengdu Rainbow Appliance and Sijin Intelligent Forming Machinery.

Sun, 22 Nov 2020 13:33:21 GMT

UK consumer spending to decline sharply in 2020

UK consumer spending is expected to decline 14.9% in 2020, compared to the previous year, the market research company Mintel reports.

Sun, 22 Nov 2020 13:24:23 GMT

Europe to lift ban from 737 MAX

The European Union Aviation Safety Agency stated on Sunday that it would lift its ban from the Boeing 737 MAX in January.

Sun, 22 Nov 2020 12:17:03 GMT

Nigeria falls into recession

According to the government data, Nigeria's GDP had decreased by 3.62% in Q3, thus representing a sign of a recession.

Sun, 22 Nov 2020 11:35:54 GMT

Western Union buys stake in STC Group

Saudi Telecom reported on Sunday that Western Union acquired a 15% stake worth $200M in its digital payment subsidiary, STC Group.

Sun, 22 Nov 2020 10:03:27 GMT

Guitar Center files for bankruptcy

On Saturday, the US biggest seller of music instruments, Guitar Center Inc, filed for bankruptcy amid the crisis caused by the coronavirus pandemic.

Sun, 22 Nov 2020 08:41:58 GMT

China to step up global COVID-19 vaccine alliance

On Saturday, the Chinese President Xi Jinping said that China is prepared to strengthen global coronavirus vaccine cooperation.

Sun, 22 Nov 2020 08:00:39 GMT

Canada, UK strike rollover trade deal

The British International Trade Secretary Liz Truss said in a statement on Saturday that the United Kingdom and Canada have signed a post-Brexit trade agreement.

Sun, 22 Nov 2020 07:08:07 GMT

US to add four more China firms to blacklist

The Trump Administration is planning to add four more China's companies, supported by the Asian country's military, to its blacklist, halting their access to US investors.

Sun, 22 Nov 2020 05:46:55 GMT

GE, Vietnamese firm sign power plant MOU

On Saturday, General Electric and a Vietnamese company inked a memorandum of understanding over the liquified natural gas power factory's development, GE and Trump Administration's official reported.

Sun, 22 Nov 2020 04:47:43 GMT

EU to end 737 MAX grounding in 2021

European regulator will end the grounding of Boeing's 737 MAX passenger jets as soon as January after US regulators lifted a 20-month-long ban caused by the plane model's two fatal crashes.

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