News

Sat, 11 Jul 2020 17:59:07 GMT

CanSino Biologics in talks for coronavirus vaccine

The Co-Founder of CanSino Biologics Qiu Dongxu announced that the company is in talks with Saudi Arabia, Brazil, Russia and Chile to begin a Phase III trial of the coronavirus vaccine.

Sat, 11 Jul 2020 17:01:47 GMT

Congo's Justice Minister Tunda resigns

On Saturday, Celestin Tunda, Congo's Justice Minister, offered his resignation after a judicial reform dispute with the country's president.

Sat, 11 Jul 2020 15:56:38 GMT

Trump plans to issue executive order on dreamers

A White House spokesperson stated on Friday that the US President Donald J Trump's proposed executive order on dreamers would not include amnesty.

Sat, 11 Jul 2020 15:00:49 GMT

Germany likely to take stakes in companies

Germany's Economy Minister Peter Altmaier stated on Saturday that the German government would take further public stakes in firms threatened by the COVID-19 crisis.

Sat, 11 Jul 2020 14:04:59 GMT

Li Auto files for US IPO

Chinese EV maker Li Auto Inc, backed by Meituan Dianping, the food delivery major, filed for initial public offering in the US.

Sat, 11 Jul 2020 12:58:53 GMT

Foxconn to invest $1B in India

Foxconn is set to invest up to $1B to extend a factory in India, where the Taiwanese manufacturer assembles Apple iPhones, two sources revealed.

Sat, 11 Jul 2020 11:45:42 GMT

Spain's home prices decline 1.9%

Prices of existing properties in Spain fell 1.9% year-on-year in the Q2, the first decline since 2017, two real estate portals reported.

Sat, 11 Jul 2020 10:48:11 GMT

Fiat Chrysler recalls 925K US cars

Fiat Chrysler Automobiles is set to recall about 925K older model cars in the US to replace airbag covers on steering wheels due to 14 possibly related injuries.

Sat, 11 Jul 2020 09:49:00 GMT

US to slap French goods with 25% duties

The US announced 25% duties over French handbags, cosmetics and other imports valued at $1.3B in response to digital services tax, though would delay the effective date.

Sat, 11 Jul 2020 09:21:46 GMT

UK to invest in nuclear reactor projects

The UK government announced that it will invest $51M in developing and helping small nuclear reactor projects.

Sat, 11 Jul 2020 07:56:45 GMT

Gelchie to succeed Mcintosh as CEO of LDC

Louis Dreyfus Company announced on Friday that the current COO Michael Gelchie would succeed Ian Mcintosh as Chief Executive in September.

Sat, 11 Jul 2020 07:08:14 GMT

Netherlands to seek guarantees on budget reforms

The Netherlands will ask for guarantees on budget reforms at the European Union recovery fund negotiations, the country's Prime Minister stated on Friday.

Sat, 11 Jul 2020 05:54:47 GMT

AA threatens to cancel orders for 737 MAX jets

According to the Wall Street Journal report published on Friday, American Airlines has threatened to cancel some of the Boeing 737 MAX orders.

Sat, 11 Jul 2020 05:04:21 GMT

Rivian adds $2.5 billion investment

Electric car startup company Rivian announced on Friday that it added $2.5B investment, led by T. Rowe Price Investment Management Group.

Sat, 11 Jul 2020 04:06:46 GMT

New bank lending in China hits record level

According to data released by the People's Bank of China on Friday, the Chinese bank lending surged by 22.3% in June.

Sat, 11 Jul 2020 03:01:47 GMT

AliExpress Russia targets $10B annual turnover

The CEO of AliExpress Russia Dmitry Sergeev said that the company was targeting a $10 billion annual turnover by 2022-2023.

Sat, 11 Jul 2020 02:28:57 GMT

Italy's Central Bank lowers 2020 economy forecast

Italy's gross domestic product will decline by about 9.5% in 2020, the Italian Central Bank announced on Friday.

Fri, 10 Jul 2020 19:52:36 GMT

President Lukashenko demands higher minimum wage

On Friday, the Belarusian President Alexander Lukashenko said that private sectors should pay workers higher minimum wage.

Fri, 10 Jul 2020 18:52:36 GMT

Crude oil prices remain stable

Crude oil prices remained stable on Friday, the Brent crude was up by 0.02%, to $42.36 per barrel at 13:38 GMT, while the US West Texas Intermediate crude surged by 0.1%, to $39.66 a barrel.

Fri, 10 Jul 2020 17:59:54 GMT

Global equity benchmarks decline

On Friday, global equity markets edged lower, as concerns over a record surge in coronavirus cases in the United States outweighed improving economic number in the US and Europe.

Fri, 10 Jul 2020 17:01:01 GMT

US stocks open flat

On Friday, Wall Street's main indexes opened flat, the Dow Jones Industrial declined by 0.06% at the open, while the S&P 500 opened higher by 0.42 points.

Fri, 10 Jul 2020 16:18:59 GMT

Fed buys Ford, Apple and Walt Disney bonds

The US Federal Reserve purchased an additional $1.33B worth of bonds from Ford Motor, Walt Disney, Apple and other companies as part of the Fed's bond-buying plan.

Fri, 10 Jul 2020 15:35:02 GMT

American Airlines to redline Boeing 737 orders

The major US airline struggles to find funds for the ordered 737 MAX airplanes and menaces to cancel the order if Boeing doesn't aid to secure financing.

Fri, 10 Jul 2020 13:59:12 GMT

AliExpress Russia sees $10B turnover in three years

AliExpress Russia stated it was estimating its annual turnover to become $10B by 2022-2023, $4B up from analysts' expectations for about $6B now.

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