News

Sun, 24 May 2020 09:24:31 GMT

Reliance launches JioMart service

Reliance Industries Ltd launched on Sunday JioMart, an online grocery store, thus challenging Amazon and Flipkart in the Indian market.

Sun, 24 May 2020 08:31:29 GMT

China defends law on Hong Kong

The Chinese State Councillor Wang Yi stated on Sunday that the new legislation on Hong Kong would not affect rights and freedoms of its citizens and companies.

Sun, 24 May 2020 07:01:48 GMT

US to limit work program for foreign students

According to officials with knowledge of the matter, the White House is set to curb the work program for international students.

Sun, 24 May 2020 06:02:47 GMT

ECB prepares to expand bond purchases

According to the minutes of ECB's April monetary policy meeting, the European Central Bank is fully ready to expand the stimulus program in June.

Sun, 24 May 2020 04:45:20 GMT

Tesla seeks nod to use LFP batteries

Tesla Inc was in advanced talks with China's government over building Model 3 cars in the country equipped with LFP batteries.

Sun, 24 May 2020 04:14:51 GMT

Jaguar seeks state funding

Jaguar Land Rover was in talks with the UK government over a temporary funding of nearly $1.22B, Sky News reported, while the carmaker denied the story.

Sun, 24 May 2020 03:42:00 GMT

Baidu's net profit grows in Q1

China's Baidu reported its net profit jumped to about $437M in the Q1 of 2020 despite the impact of the COVID-19 epidemic.

Sat, 23 May 2020 20:45:26 GMT

UK to diminish Huawei's 5G involvement

The British Prime Minister Boris Johnson is set to reduce Huawei Technologies' involvement in the UK 5G network in the wake of the coronavirus pandemic.

Sat, 23 May 2020 20:32:42 GMT

UK to protect firms against foreign takeovers

The British lawmaker Tom Tugendhat wrote in a newspaper on Saturday that the government must protect local companies against the acquisition from foreigners.

Sat, 23 May 2020 19:31:25 GMT

Argentina, creditors to resume debt talks

The Exchange Bondholder Group stated on Saturday that it was invited to sign NDA and continue debt talks with the Argentinian government.

Sat, 23 May 2020 18:27:33 GMT

Spain to allow tourism in July

The Prime Minister of Spain Pedro Sanchez stated on Saturday that the government was planning to reopen borders for tourists in July.

Sat, 23 May 2020 16:48:21 GMT

US adds 33 Chinese firms to blacklist

On Friday, the US Commerce Department added 33 Chinese companies and institutions to its economic blacklist for assisting China to spy on the Uighur population.

Sat, 23 May 2020 16:02:06 GMT

SpaceJet aircraft maker closes overseas operations

Mitsubishi Aircraft, the Japanese SpaceJet aircraft producer, announced that it is shutting down the overseas operations.

Sat, 23 May 2020 15:03:12 GMT

UK asks firms to cover 20%-30% of furloughed wages

According to the Times newspaper report, the UK Treasury has drawn up proposals that would require companies to pay between 20% to 30% of furloughed employees' salaries.

Sat, 23 May 2020 13:45:05 GMT

Iran reopens businesses, religious and cultural sites

On Saturday, the Iranian President Hassan Rouhani said on state television that Iran would reopen businesses, Museums, religious and historical sites on May 24.

Sat, 23 May 2020 12:52:52 GMT

Patten says China has betrayed Hong Kong

Chris Patten, the former governor of Hong Kong, said on Saturday that Beijing has betrayed the citizens of Hong Kong.

Sat, 23 May 2020 12:04:54 GMT

Credit Suisse expects mid-term headcount reduction

On Saturday, Thomas Gottstein, the CEO of Swiss Bank Credit Suisse, said that the company would surely be able to get by with fewer staffs in the medium term.

Sat, 23 May 2020 11:18:36 GMT

Europe opposes Macron-Merkel plan

Several European countries, Austria, Denmark, Sweden and the Netherlands, expressed on Saturday their disagreement with French-German €500B coronavirus recovery plan.

Sat, 23 May 2020 10:16:59 GMT

UK opposition urge to fire Cummings

The UK opposition called on Saturday the country's Prime Minister to fire adviser Dominic Cummings after he had driven 400 km while having coronavirus symptoms.

Sat, 23 May 2020 09:06:54 GMT

Hertz seeks US bankruptcy protection

On Friday, Hertz Global Holdings filed for bankruptcy protection in the United States because of the coronavirus pandemic.

Sat, 23 May 2020 08:28:50 GMT

Kazakhstan, Turkey plan to resume flights

Kazakh and Turkish Ministers, Beibut Atamkulov and Adil Karaismailoglu, had a phone conversation on Saturday during which they discussed the possibility to renew flights between the two countries in June.

Sat, 23 May 2020 06:58:46 GMT

US condemns China's new security law in Hong Kong

On Friday, Mike Pompeo, the US Secretary of State, condemned China's ruling Communist Party plan to impose a new national security law for Hong Kong.

Sat, 23 May 2020 05:59:48 GMT

China to impose new security law for Hong Kong

The Chinese government has signalled that it would impose new national security laws for Hong Kong, as pro-democracy activists in Hong Kong urged mass protests over the weekend against the law.

Sat, 23 May 2020 05:22:03 GMT

Kuehne+Nagel to cut 20K jobs

Freight-forwarder Kuehne+Nagel is likely to cut more than 20K jobs, mostly in the US, as the coronavirus-caused crisis hits shipping.

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